Economic Development
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Vanguard Releases 2026 Global Economic and Market Outlook
Vanguard has released its annual outlook on the global economy and financial markets. This year’s report, “AI exuberance: Economic upside, stock market downside,” provides investors with an economic roadmap and Vanguard’s updated long-term investment thesis. Vanguard’s global team of economists outlines the impact of artificial intelligence on the trajectory of markets, including how broader adoption of…
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Longwood Gardens’ Christmas Festival Drives Economic Boost to Kennett Square
The annual Longwood Christmas festival brings a steady wave of visitors who give Kennett Square and the surrounding towns a noticeable economic boost throughout the holiday season, writes Anthony R. Wood for The Philadelphia Inquirer. Overall, Longwood Gardens has played a “significant role in the area’s growth,” said Nancy Toltain, director of hotel operations at the Hilton Garden…
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Cruise Ship Home Port Terminal to be Built in Tinicum Township
A cruise ship terminal will be built in Tinicum Township at the former Hog Island Dock Terminal Facility, writes Pete Bannan for the Daily Times. The terminal was formed out of a partnership between PhilaPort, Norwegian Cruise Line Holdings, and Energy Transfer Marketing and Terminals. Norwegian will be Philadelphia’s exclusive homeport under a berthing agreement…
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Chester County Economic Development Council Unveils Details of Landmark Year
The Chester County Economic Development Council (CCEDC) unveiled significant milestones from its fiscal year that enabled businesses to expand, create jobs, and generate new revenues, leading to record achievements for the 65-year-old organization. Results focused on the CCEDC’s four key areas: financing solutions, location services, workforce development, and innovation and entrepreneurship. The record-setting results were…
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Female Chamber Leaders Applaud Budget Compromise, Urge Continued Collaboration for Pennsylvania’s Future
As presidents of four of Pennsylvania’s leading chambers of commerce—the Chester County Chamber of Business and Industry, the Delaware County Chamber of Commerce, the Lancaster Chamber, and the Chamber of Commerce for Greater Philadelphia—we share a deep commitment to advancing opportunity and prosperity in our communities. Our chambers collectively represent tens of thousands of businesses,…
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DCED Secretary to Speak at the 60th Anniversary Celebration of Pottstown’s Lead Economic Development Organization
Pottstown Area Economic Development (PAED) will celebrate its 60th Anniversary with a special Pottstown Progress luncheon on November 13, 2025, at Brookside Country Club in Pottstown. This celebration recognizes PAED’s work in bringing this post-industrial borough into the 21st century. As part of the celebration, PAED is pleased to announce Secretary Rick Siger of the…
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Eight Bucks County Companies Among Largest 150 Employers in Region
Eight Bucks County companies were among the 150 largest employers in Greater Philadelphia, writes Todd Romero for the Philadelphia Business Journal. Woods System of Care in Langhorne came the highest in Bucks County at No. 14, with all of its 6,500 employees based in the region, most of them in Bucks County. Next is Peddler’s…
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Irish Firm PM Group Invests $495K in Conshohocken Hub
Irish-based design and construction leader PM Group is making a bigger investment in Montco, writes Justin Heinze for the Patch. The company announced it will put $495,000 into its Conshohocken offices at 300 Barr Harbor Drive, creating 48 new jobs while retaining its current workforce. The expansion strengthens Conshohocken’s role in the region’s booming life…
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Five Bucks County Companies Rank in the Region’s Fastest-Growing Businesses
Five Bucks County companies are on the Philadelphia Business Journal’s 2025 list of Greater Philadelphia’s fastest-growing companies based on average two-year revenue growth, according to a staff report from the Philadelphia Business Journal. To qualify for the list, the companies needed to have a minimum revenue of $750,000 in 2022—the first year of consideration—and increased…
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Three Collar Counties Putting Local Protections on LGBTQ Residents
Montgomery, Delaware, and Chester counties are moving to shield their LGBTQ residents from discrimination at the local level, writes Katie Bernard for The Philadelphia Inquirer. Over the course of a month, the three counties have moved to enact policies that prohibit discrimination based on sexual orientation and gender identity. They have also established boards where…
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Montco Remains Region’s Strongest Suburban Economy Amid Shift
Montgomery County continues to anchor the Philadelphia region’s suburban economy, writes Ariana Perez-Castells for the Philadelphia Inquirer. Montco has stronger office leasing activity than the city and a long record as the top base for office-sector jobs. But a new report from the Center City District shows that Philadelphia has just inched past Montco in…
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Dwight City Group and PAED Drive Pottstown’s Next Chapter with 110 New Apartments
New York’s Dwight City Group is going all in on Pottstown. The developer is turning the former underutilized factory at 274 North Hanover Street into 85 new apartments. The project, which broke ground this summer, will feature amenities that today’s tenants are seeking, such as remote-work lounges, fitness areas, and a rooftop deck with panoramic…
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Chester County Leadership: Peggy Lee-Clark, Executive Director, Pottstown Area Economic Development
Peggy Lee-Clark, Executive Director of Pottstown Area Economic Development (PAED), spoke with VISTA Today about growing up in King of Prussia, singing and acting in school plays, and exploring the fields of retail, restaurants, and hospitality. Although Lee-Clark did not take to higher education easily as a new high school graduate, she continued pursuing formal…
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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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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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It’s a Smart Saver’s Summer, According to New Vanguard Consumer Survey
It’s a smart saver’s summer, according to Vanguard’s new consumer survey, which found that 71 percent of Americans plan to shift their savings approach this summer to prioritize emergency savings and flexibility. But despite these intentions, Americans see obstacles to saving, citing time (28 percent), feeling like they don’t have enough money to save (28…
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Chester County Holds Discussion on State of Economy, How it Affects Us
The Chester County Commissioners, the Chester County Chamber of Business and Industry (CCCBI), and the Chester County Economic Development Council (CCEDC) recently hosted Economic Crossroads: Where We Are and Where We’re Headed, featuring guest speaker Dr. Mark Zandi, Chief Economist at Moody’s Analytics. The event brought together regional leaders, business owners, and policymakers for a…
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