Economic Development
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Philadelphia’s Wealthiest ZIP Codes Continue to Be Concentrated Around Center City
The greatest wealth in the Philadelphia region still remains concentrated around Center City, as affluent urban ZIP codes dominate the list of the area’s wealthiest ZIP codes, writes Todd Romero for the Philadelphia Business Journal. The latest ranking of the wealthiest ZIP codes is based on several factors, including per-capita income, home values, equity, savings,…
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Wealth Is Concentrated in These Delaware County ZIP Codes
There are several Delaware County ZIP Codes where wealth spends some time, according to a Philadelphia Business Journal ranking of the region’s wealthiest ZIP Codes. Two Delaware County ZIP Codes cracked the top 20, writes Todd Romero for the Philadelphia Business Journal. Havertown, in ZIP Code 19083, ranked 14th, with a per capita income of…
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PAED Celebrates 60 Years of Renewal and Growth in Pottstown
For six decades, Pottstown Area Economic Development (PAED) has served as the Borough’s driving force for revitalization, reinvention, and economic growth. Originally founded in 1965 and established as a 501c3 non-profit corporation, Pottstown Area Industrial Development (PAID), helped guide the region through the exodus of heavy industry and into a new era of diverse development.…
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PhilaPort Seeks Buying 152 Acres from Norfolk Southern for $90M, Opens Door to Future Job Growth
The Philadelphia Regional Port Authority, which owns Philadelphia’s seaport facilities, is moving toward a $90 million purchase of 152 acres from Norfolk Southern, a transaction that could create thousands of jobs, writes Andrew Seidman for The Philadelphia Inquirer. The board of the state agency, which calls itself PhilaPort, earlier this week authorized its staff to…
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Mayor Parker Tours Southwest Philadelphia’s Massive New Amazon Facility, Promotes It As ‘Anchor’
Mayor Cherelle Parker was recently joined by Amazon executives and representatives from ACANA, to tour the new Amazon facility in Southwest Philadelphia, writes Sherry Stone for The Philadelphia Tribune. The massive 140,000-square-foot warehouse handles between 20,000 and 25,000 packages daily throughout Philadelphia, Montgomery County, and Delaware County. The site has also added several hundred jobs…
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Progress Continues in Pottstown: PAED Issues RFP for Pottstown’s Streetscape Design Plan
Pottstown is taking another bold step toward revitalization with the launch of a new Streetscape Plan and Design initiative aimed at transforming its Downtown, Western Gateway, and Circle of Progress areas. Led by Pottstown Area Economic Development (PAED), the project is now accepting proposals for a comprehensive design that will shape the borough’s future identity and enhance the everyday…
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Facing Population Declines, Two Western Pennsylvania Towns Lure New Residents with Cash
Western Pennsylvania, anticipating steep population declines over the next 25 years, is attracting new residents with cash offers through the MakeMyMove program, writes Abigail Hakas for the Pittsburgh Magazine. Several towns in Mercer County, including Sharon and Hermitage, are offering $5,000 to families who relocate there, along with benefits like YMCA memberships and access to…
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PAED Spotlight: Pottstown’s Hollywood Garage
For Nick Yannessa, running Hollywood Garage in Pottstown is more than a job — it’s a family tradition built on hard work, trust, and a deep love for the community. Yannessa grew up around cars, helping his father, Mike, at the family’s shop as early as 12 years old. Mike first opened Mike’s Service Center…
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Philadelphia Fed President Harker Pushes Back On Idea That College is Only Path to Economic Prosperity
Philadelphia Fed President Patrick Harker, who once served as a university president himself, has pushed back on the idea that college is the sole path to economic prosperity, writes Nicole Goodkind for Barron’s. “Now I’m going to say something completely inappropriate,” said Harker during the Economic Mobility Summit, hosted by the Federal Reserve Bank of…
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Pottstown Area Economic Development Welcomes Three New Board Members
Pottstown Area Economic Development (PAED) just got a boost from three local pros bringing fresh energy to its Board of Directors: Dr. Rosann Bar, Lisa Karl, and Eric Miller. Dr. Bar, now the Dean of Academic Innovation at Montgomery County Community College, has a long track record of academic leadership. She has had leadership roles…
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From Bookshops to Broadway Stars: Exploring the Creative Spirit of New Hope
Though small in size, New Hope offers a vibrant arts and culture scene with something for everyone, writes Kalena Thomhave for The Keystone. Recently named the nation’s Best Small Arts & Culture Town by Travel + Leisure, New Hope is best explored on foot, with most of the attractions clustered along Main Street and Bridge…
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Celebrating 25 Years of the Philadelphia Navy Yard, and Cheers to Many More
This year marks 25 years of the Philadelphia Navy Yard and the growth that has been seen in the past quarter-century has laid the ground work for the future, writes Jack Tomczuk for Metro Philadelphia. For the leaders behind the effort to redevelop the area, the future includes turning the Navy Yard into Philadelphia’s newest…
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Restrictive Immigration Policies Threaten Chester County Mushroom Industry
Restrictive immigration policies are causing problems for Chester County’s mushroom industry, which is struggling with a major labor shortage, write Hazel Velasco Palacios and Kathleen Sexsmith for The Philadelphia Inquirer. Chester County – home of Kennett Square, the Mushroom Capital of the World – produced 199 million pounds of mushrooms in the 2023-24 season, making…
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Economy League Launches Fair City Challenge to Address Disparities in Property Valuation, Neighborhood Investment
The Economy League of Greater Philadelphia has launched its latest Impact Labs social innovation challenge, the Fair City Challenge: Community Solutions for Reinvesting in Philadelphia Neighborhoods. This competition will award a $50,000 grand prize to a community-based social entrepreneur with an innovative, actionable solution that makes a direct, immediate impact on historically disinvested Philadelphia neighborhoods…
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BCCC Expands Workforce Development Through Micro-Internship Opportunities
The School of Business, Innovation, and Legal Studies at Bucks County Community College has announced a new initiative designed to enhance workforce development by connecting students with local businesses through short-term, professional, paid work experiences. In partnership with Parker Dewey, a leading provider of micro-internships, Bucks County Community College (BCCC) is expanding opportunities for its…
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Bucks County Among Fastest Growing Areas in Pennsylvania
Pennsylvania has recorded a modest population increase in recent years, with most of the growth concentrated in the Southeast, including Bucks County, writes Mike D’Onofrio for Axios. According to recent U.S. census data, the Philadelphia region accounted for over half of the Keystone State’s population growth between 2019 and 2023. Of the nearly 200,000 new…
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Huntingdon Valley Car Dealership Heir Wanted to Be Actor, Ended Up as Corporate Spy
Robert Kerbeck, who grew up in Huntingdon Valley and graduated from Lower Moreland High School, was hoping to follow up a stint in the family car dealership with a career in acting, writes Sabrina Boyd-Surka for KYW Newsradio. Instead, he became a corporate spy. He described his unconventional career journey in his memoir, Ru$e: Lying…
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Pennsylvania Making Historic Investments to Spur Economic Growth, Create Jobs
In a newly released video, Gov. Josh Shapiro details how his administration has worked to make Pennsylvania more economically competitive by attracting more businesses and creating good-paying jobs. Shapiro has helped to secure more than $3 billion in private sector investments to drive growth in key industries like agriculture, energy, life sciences, manufacturing, and technology.…
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