Economic Development
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CCEDC Makes Changes to its Officers, Board
By Leslie Rylke This month, the Chester County Economic Development Council (CCEDC) concluded its fiscal year. As such, we have had some changes to our board of directors. Outgoing members include Matt Kreuger of Window Genie and Ray Ott of Ray Ott & Associates. New members elected for a two-year term include Deb Antonini of…
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Two Chester County Execs Rank Among Greater Philadelphia’s Highest-Paid CEOs
The chief executive officers of two Chester County-based companies are among the 20 highest-earning CEOs in the Philadelphia area, writes Fabiola Cineas for Philadelphia magazine. Published by the Philadelphia Business Journal, the list ranked 160 CEOs in the region by their total compensation in 2016. Steven Collis of Chesterbrook’s AmerisourceBergen checked in at No. 14…
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Coatesville Gateway Project: ‘When We Build It, Others Will Follow’
By Chris Cooper The special event on Tuesday, July 18 in Chester County’s only city has been a long time coming. The day marks the official groundbreaking for Coatesville Gateway, a roughly $22 million redevelopment project planned for the area around First Avenue and East Lincoln Highway, an intersection often referred to as the gateway…
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New Report Identifies Which Industries Are the Main Employers in Chester County
The boom in the health industry and the expanding education workforce in Philadelphia is having a positive impact on the suburbs, according to a report in the Philadelphia Business Journal. According to a study from Data USA, these services are now the main employers in Chester County. The data shows that, with 61,062 employees between…
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As Pennsylvania’s Population Shrinks, ‘Its Urban-Rural Divide One of the Most Brazen in America’
Pennsylvania’s population has shrunk for the first time in more than three decades, with deaths and move-outs outnumbering births and move-ins by 8,000, writes Joseph DiStefano for the Philadelphia Inquirer. This puts Pennsylvania in the bottom four states that have lost more people than they have gained over the last year. It also drops Philadelphia…
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Final Contract Executed for Coatesville’s Third Avenue Streetscape; Groundbreaking on Horizon
A final contract for the Third Avenue Streetscape project in Coatesville has been executed, according to a report in the Daily Local News. PennDOT said that a groundbreaking on the first phase of revitalization work related to the new Coatesville Train Station is expected to begin in late July, with an estimated completion date within…
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Ouch! Pennsylvania Rates Poorly on List of Best & Worst States to Start a Business
In an in-depth report by WalletHub that analyzes the Best & Worst States to Start a Business in 2017, only five states ranked worse than Pennsylvania. Each state was evaluated in three key areas: business environment, access to resources, and business costs. Business environment was worth up to 50 points, while the other two provided…
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Paoli Business and Professional Association Takes Lead on Establishing Ties with Corsica
Ed Auble – the owner of Auble Financial and a two-time president of the Paoli Business and Professional Association, a nonprofit organization dedicated to cultivating economic and cultural vitality in the Paoli community – traveled to Corsica, an island in the Mediterranean Sea and one of the 18 regions of France, in April. Auble was…
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Employment Up, Wages Down in Chester County. Ditto for Most of America’s Largest Counties
From December 2015 to December 2016, employment increased in 280 of the 344 largest counties in the country, the U.S. Bureau of Labor Statistics has reported. Included in those 280 are Montgomery, Delaware, and Chester counties: With 493,500 people now working, Montco experienced an increase of 1.3 percent in employment, a change that places it,…
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Chester County Leaders Continue Courtship of Chinese Investors
Chester County business leaders continued their courtship of Chinese investors with another date in the Far East, and the local delegation traveled bearing gifts of beer and mushrooms. Highlighting the three-week trade mission trip to China was the cultivation of several contacts for the potential distribution and sale of West Chester’s Levante Brewing Co. craft…
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Brandywine Realty Unveils $5.6 Million Job Creation Initiative as Part of U-City Development
The Radnor-based Brandywine Realty Trust has announced a $5.6 million job creation and community engagement program as part of Phase I of its Schuylkill Yards development in University City. In developing this program, Brandywine worked collaboratively with neighborhood groups and stakeholders to create Philadelphia’s largest and most innovative neighborhood engagement initiative to date. Through a…
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How China Became Pennsylvania’s Third-Largest Trading Partner
The state has sent billions of dollars in products and services overseas to China, and the Chinese have responded with nearly a billion dollars of investment in Pennsylvania. The give and take is helping the Keystone State unlock big opportunities in trade, according to a China Daily report by Amy He. With country-specific exports of…
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Most Philly-Area Professionals Lured from State College, Then Lost to California
The Philadelphia area is the predominant first stop for students from Penn State and other universities, but established Philly-area professionals are most often lured away to bigger cities on both the West and East coasts. Based on a LinkedIn study of recent user profile changes, the Philly area was the top destination for professionals from…
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Guest Editorial: Time for a New Approach. Let’s Grow Pennsylvania’s Economy
By Guy Ciarrocchi In Harrisburg, our elected officials are again participating in the annual ritual of budget negotiations. This continues as our revenue remains stagnant for over a decade. Because of this revenue stagnation, and because of our ever-growing unfunded-pension obligations, Harrisburg officials continue to manage decline. This must end. It’s time for the business…
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Taking Planes to and Building Bridges with China
By Leslie Rylke On May 15, a delegation from Chester County departed from the offices of the Chester County Economic Development Council (CCEDC) to begin their journey to China. This was the second time a group from our area made the trip with the goal of exploring business and cultural exchange opportunities. The delegation was…
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Rep. Lewis Secures $2.1 Million Grant for Coatesville Revitalization; Project to Bring 325 Jobs
As part of the revitalization effort in the Coatesville area, State Rep. Harry Lewis Jr. has been able to secure a $2.1 million Business in Our Sites grant. This project will impact the intersection of Lincoln Highway East and the First Avenue area of the City of Coatesville. The project will provide 110 new, permanent…
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Instead of ‘Falling into Quicksand,’ Chesterbrook Corporate Center Keeps Up with the Joneses
A number of big moves over the years have gutted large swaths of the Chesterbrook Corporate Center, but the office park hasn’t kept quiet for long. The 400,000 square feet of space emptied by Shire Pharmaceuticals last year is busy once again, according to a Philadelphia Business Journal report by Natalie Kostelni. Trends in leasing…
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