Economic Development
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Shapiro Hopes His New 10-year Economic Development Plan Sets a New Course for Pennsylvania’s Future
Pennsylvania governor Josh Shapiro recently outlined a series of key investments he would like to see the state undertake as part of a new 10-year economic development plan for the commonwealth, writes Nate Doughty for the Philadelphia Business Journal. There are five defined goals in the plan, including: The plan aims to help Pennsylvania “catch up”…
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Philly Training Program Prepares Individuals Impacted By the Justice System For Careers in the Solar Industry
Solar States has launched a new training program that aims to equip those who have been impacted by the justice system with skills in the solar industry, writes Sophia Schmidt for WHYY. The Solar States’ Find Your Ladder program is a 14-week training program that features both classroom and hands-on classes, followed by a 30-…
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Pennsylvania’s Unemployment Rate Remains at Record-Low for Third Consecutive Month
The unemployment rate in Pennsylvania remained at a record low 3.4 percent for the third consecutive month in November, writes Jonathan D. Salant for The Morning Call. According to preliminary numbers by the U.S. Bureau of Labor Statistics, the unemployment rate was lower than the 4 percent rate in November 2022. As the economy continued…
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As Longtime Sponsor of Philly Chamber’s Annual Economic Outlook, Firstrust Bank Underscores Its Commitment to Region’s Economic Development
For the 14th consecutive year, Firstrust Bank — Philadelphia’s Hometown Bank, which was founded during the Great Depression — sponsored The Chamber of Commerce for Greater Philadelphia’s economic outlook, held last week at the Kimmel Center. The bank’s support of the annual event underscores its commitment to the region’s economic development. “What I think is…
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BUCKSCO Today Wishes You Merry Christmas and Happy Holidays
BUCKSCO Today would like to wish you and your family a Merry Christmas and Happy Holidays! If 2023 has taught us anything, it’s that the world continues the change at a dizzying pace. Some things never change, however, including our eternal gratitude for your dedicated readership and for allowing us to try to brighten each…
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Years After Leaving the Eagles, Malcolm Jenkins Continues Trying to Leave His Mark on Philly
It may have been almost four years since Malcolm Jenkins last put on a Philadelphia Eagles uniform, but his impact continues to be felt throughout the city, writes Kristen Mosbrucker-Garza for WHYY. Beyond his former career as an NFL safety, Jenkins is also an author, business owner, philanthropist, and father. In Philadelphia, he opened a…
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After 91 Years, Iconic Frederick’s Flowers in Hilltown Announces Closure
Frederick’s Flowers in Hilltown, the cut flowers and greenhouse business that has been a mainstay for more than nine decades, will close its doors for good this month, writes Michele Haddon for the Bucks County Courier Times. Greg Muse, whose family has been running the shop since 1965, said the decision to close was not…
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Forbes: These Billionaires All Have Ties to Philadelphia
The nation’s richest individuals collectively lost about $500 billion last year, but the elite are worth $4.5 trillion, writes Rob LaFranco and Chase Peterson-Withorn for Forbes. Forbes recently released its “400 Richest People In America” list. Pennsylvania was represented throughout the list with 10 entries on the list; some of which have ties to Philadelphia.…
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Hilco Redevelopment Partners’ New Construction Could Bring Thousands of Jobs to Philadelphia
For well over 100 years, 34th and Hartranft Streets in South Philadelphia was the location of the East Coast’s biggest oil refinery, writes Inga Saffron for the Philadelphia Inquirer. It was the site of the Philadelphia Energy Solutions refinery. However, after a 2019 explosion and fire destroyed the refinery, the then-owner was forced to declare…
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Forbes: Small Businesses Have More Marketing Options Than Ever, This Is What They Are Focusing on For 2024
Small businesses, which used to rely primarily on print and traditional media advertisements and cold calling before the internet, today have more marketing options at their disposal than ever, writes John Hall for Forbes. According to a recent marketing survey by Taradel, the majority (94 percent) have plans to increase their marketing spending in 2024.…
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Shapiro Readies Comprehensive Plan to Boost Pennsylvania’s Business Growth and Retention
Gov. Josh Shapiro announced earlier this week his administration is preparing to unveil Pennsylvania’s economic development plan focusing on attracting and retaining businesses by year’s end, writes Paul J. Gough for the Philadelphia Business Journal. Shapiro said the plan will guide Pennsylvania’s business attraction and growth efforts and help the commonwealth compete against neighboring states.…
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Check Out Where Philadelphia Ranks in Income Inequality Among Pennsylvania’s 67 Counties
Philadelphia took the top spot in Pennsylvania among counties with the highest income inequality, writes Andrew DePietro for Forbes. Forbes used data from the Census Bureau’s 2021 American Community Survey 5-Year Estimates to determine the county with the highest income inequality for each state, as measured by the Gini index. The Gini coefficient measures the…
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A Second Developer Has Plans for Apartments, Retail in Downtown Hatboro
The developers of vacant properties at 21-23/37 North York Road hope to build retail and apartments in the space, but first they need approval from the Hatboro Borough Council, writes Dino Ciliberti for Patch. Under the borough’s new Town Center Ordinance, buildings along a stretch of York Road, between Byberry Road and Montgomery Avenue, can…
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Bloomberg: Billionaires Clash Over 76 Place, Proposed Chinatown Arena for Philadelphia 76ers
Recently, two squads of billionaires have been battling over 76 Place, the proposed future home of the 76ers in Philadelphia, writes Gerry Smith for Bloomberg. On one side, the team’s owners, Josh Harris, of Apollo Global Management, David Blitzer, a Blackstone Group executive, and real estate developer David Adelman, want to build a new home…
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Plans Are Underway to Turn Lower Merion’s Bala Plaza into a Live-Work-Play Complex
Developer Tishman Speyer has big plans for Bala Plaza in Lower Merion, but the long timetable expected to make it has some people concerned, writes Michael Bradley for Main Line Today. The vision is to turn the office park into a live-work-play complex, but it could take 20 years to do it. Lower Merion Township…
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Opinion: Business Leaders Need to Begin Thinking of Housing, Public Transportation, as Workforce Issues
Since assuming the position of President of the Chester County Chamber of Business and Industry (CCCBI) in 2022, I have had the opportunity to travel throughout Chester County and meet with Chamber members, other job creators, and community leaders to hear their input on items that impact their respective sectors. Whether in the hospitality industry,…
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Bucks County Residents See $200,000 in Unclaimed Property Returned in a Single Day
Residents of Bucks County are seeing a major finanical development happen in their area, postiviely affecting countless locals. Samantha Heckel wrote about the monumental returns for the Pennsylvania Treasury. More than $200,000 worth of unclaimed property has been returned to residents of Bucks County, specially those in Warwick Township and Middletown Township. Several recent events…
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Langhorne’s Sheraton Hotel to Go Up for Auction, with Bids Starting at $3.9 Million
A popular hotel in Bucks County is going up for auction, and the owners of the property are asking for a hefty price for the large building. Emma Dooling wrote about the. auction for the Philadelphia Business Journal. The Sheraton Bucks County Langhorne, located at 400 Oxford Valley Road in Langhorne, is being put up…
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