Economic Development
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Millions of Bucks County Tax Dollars End Up in Philadelphia Through City’s Wage Tax
Millions of tax dollars from Bucks County have ended up being collected in Philadelphia due to the city’s Wage Tax. Staff reporters from Daily Magazine wrote about the taxes. To discuss this issue, members of the Pennsylvania Senate Majority Policy Committee visited Middletown last week at the invitation of state Sen. Frank Farry. They learned…
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Langhorne Real Estate Agent Puts His Trust and Money Into Bed Bath & Beyond Recovery
A Bucks County businessman is one of many who are looking to continue working with one of the most well-known businesses in the country. Caitlin McCabe and Gunjan Banerji wrote about the local businessman in The Wall Street Journal. While many institutional traders are staying away from Bed Bath & Beyond, many individual traders, like…
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Former CEO Shares Thoughts on How Gov. Shapiro Can Boost PA’s Innovation Economy
Jeff Marrazzo, the former CEO of Philadelphia-based Spark Therapeutics and a member of the innovation subcommittee of Gov. Josh Shapiro’s transition team, has several ideas on how Pennsylvania’s new governor can support the state’s innovation economy, particularly companies in biotechnology and life sciences, writes Harold Brubaker for The Philadelphia Inquirer. The first step is to…
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VFTCB Reminds about Schuylkill River Greenways Grant Application Window for 2023 Restoration Fund
The Schuylkill River Greenways annually awards hundreds of thousands of dollars in grant money to private and government organizations that work to improve conditions in the Schuylkill River watershed. The 2022 awardees included: These projects, encompassing five Phila.-area counties, improve not only the Schuylkill River but also the entirety of the watershed and the communities…
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Harcum College CFO Offers Reasons for Optimism on the U.S. Economy in 2023
The past year was a challenging one for the U.S. economy because of inflation and a bear stock market. However, based on the cyclical nature of the economy and the emergence of encouraging signs, there is a reason for optimism at both the macro and micro levels. Fundamentals of the Economy Looking ahead to 2023,…
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The State of Two Bucks County Malls Could Affect Property Taxes, School Districts, and Local Businesses
Two of Bucks County’s most popular malls have seen various changes over the past few years, and these might begin to affect their surrounding areas. James McGinnis wrote about the malls and their economic impact for the Bucks County Courier Times. The Neshaminy Mall, located in Bensalem, and the Oxford Valley Mall, located in Langhorne,…
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Ask SCORE: How Do I Bring My New Product to Market?
Throughout my career, I have been involved with hundreds, if not thousands, of new products coming to market in almost every commodity possible. While each product was different and the road traveled getting it to market veered in different directions and through detours, the common thread centered around one notion: The process was not easy.…
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Newtown Rail Trail Project Receives $2.5 Million in State, Federal Grants
A Bucks County trail recently received a large amount of funds through major grants, allowing further updates to the popular outdoor spot. The construction of Newtown Rail Trail received $2.5 million in federal and state grants, which will help fund the second phase of the project as it extends into Northampton Township. The receipt of…
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Bucks County Clerk of Courts Collects $1 Million for New Financial Recovery Program
A Bucks County government agency has recently begun helping local residents through a successful financial recovery program. Christopher Dornblaser wrote about the program in the Bucks County Courier Times. The Bucks County Clerk of Courts recently launched the Delinquency Recovery Program, or DRiP, a restitution recovery program. The program began after Brian Munroe, the county’s…
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Parx Casino One of Many Fighting to Establish What Gambling Looks Like in Pennsylvania
A popular Bucks County casino has become a major player in the recent movement to bring gambling back to traditional establishments. Katherine Sayre wrote about the local casino in The Wall Street Journal. Earlier this year, Parx Casino became embroiled in one of the most contentious topics in the gambling industry. The casino filed a…
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Habitat for Humanity of Bucks County Receives $200,000 Through Keystone Communities Program
A nonprofit organization in Bucks County was recently granted a large sum of money in order to continue their operations in the area. Patty Tascarella wrote about the local organization in the Philadelphia Business Journal. Habitat for Humanity of Bucks County, headquartered at 539 Jacksonville Road, Suite 100 in Warminster, recently received $200,000 through Governor Tom…
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NYSE Suspends Trading in PREIT Shares, Starts Stock Delisting Process
Pennsylvania Real Estate Investment Trust, the owner of Plymouth Meeting Mall and Willow Grove Park Mall, is being booted off the New York Stock Exchange, writes Rich Bockmann for The Real Deal. On Thursday, the exchange announced it would suspend trading of the struggling mall operator’s shares immediately and begin the process of delisting its…
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Pennsylvania Ranks Among Best States To Start a Business in 2023
A new Forbes Advisor report places Pennsylvania among the top five states to start a business in 2023, writes Kelly Main for Forbes. To rank the best and worst states to start a business in 2023, Forbes Advisor looked at 18 key metrics across five categories that impact businesses and their ability to succeed, including…
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Wall Street Journal: Philadelphia’s Center City Showing Signs of Renewed Economic Vitality
Center City Philadelphia is showing signs of renewed economic vitality thanks to strong housing demand, the recent growth in the hospitality sector, and a Comcast-led return-to-work push, writes Scott Calvert for The Wall Street Journal. While many cities nationwide have been struggling to recover from the effects of the pandemic, business owners, workers, and residents…
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Wall Street Journal: Penn Professor Believes Companies Could Benefit from Four-Day Workweek
Adam Grant, an organizational psychologist at the Wharton School of the University of Pennsylvania, recently spoke at The Wall Street Journal’s CEO Council Summit, where he offered his take on the four-day workweek, writes Chip Cutter for The Wall Street Journal. Grant said that executives who are looking to boost their teams’ productivity may want…
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After Years of Rumors, Construction to Finally Begin on Oxford Valley Mall Apartments in Middletown
Construction is finally set to begin on a set of luxury apartments in the vicinity of the Oxford Valley Mall, a long-awaited project for many. Peg Quann wrote about the upcoming construction for the Bucks County Courier Times. About 600 apartments are set to be built at the former location of Boscov’s, which is connected…
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Philadelphia Businesses Continue Rapid Growth as City Enters Post-Covid Economic Recovery
Philadelphia businesses are recording rapid growth as the economic recovery continues, according to a new Center City District report, writes Jeff Cole for FOX 29. The report found that the daily pedestrian foot traffic in October was at three-quarters of pre-pandemic levels. Visitors and shoppers are getting closer to pre-shutdown numbers and around 80 percent…
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Will Bucks County See a Tax Increase This Coming Year? Read to Learn More
With a changing economy and residents wondering what they will be paying this year, Bucks County has recently announced plans for local taxes. The Bucks County government recently released its preliminary 2023 operating budget of $457.5 million; this will be a 3.8 percent decrease from 2022. “Our administration is pleased to be able to present…
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