Economic Development
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Chester County Looks to China for New Business Opportunities
The multi-year effort to foster relationship between China and Chester County is starting to bear fruit, with local mushroom and beer producers preparing to expand there, writes Michaelle Bond for the Philadelphia Inquirer. Thanks to a friendship agreement signed three years ago between the county and Yongchuan district in Chongqing, several local businesses have already…
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Educated Millennials Leaving Pennsylvania in Droves
At present, Pennsylvania seems to be having an issue attracting and retaining educated millennials, according to a report from the Independent Fiscal Office, writes Katie Meyer for NewsWorks. According to data from 2015, the last recorded year, more college-educated Pennsylvanians left the state than moved in. In fact, the figures show that while the state…
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Chester County to Send Largest Delegation Ever to China to Explore Business Opportunities
Chester County government and business leaders are set to send their largest delegation ever to China, to open doors for local companies to explore business opportunities. The trip is also designed to identify possible Chinese investors for projects in the county, according to Chester County Commissioner Terence Farrell. Farrell made two previous trips to China…
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New Addiction Recovery Center to Bring 200 Jobs Back to Devon
A new addiction recovery center is not only rescuing jobs lost in Devon but also lives caught in the trap of heroin, opioids, and alcohol. What was previously Devon Manor is set to reopen as Recovery Centers of America’s fifth facility in June, and management is busy hiring 200 employees for the rescue effort, according…
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Ground Broken for New Workforce Housing in Philly Financed by Meridian Bank
After years of land acquisitions and financing discussions, ground has finally been broken in Philadelphia for a new workforce housing development financed by Malvern-based Meridian Bank, writes Leigh Stuart for Suburban Life. The Residences at Marshall will provide housing for those who have been priced out of living in the city. Most of these people…
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Development Possibilities Abound for West Swedesford Road
West Swedesford Road in Tredyffrin is catching up with East Swedesford Road with an influx of developers ready to invest in a diverse group of proposed projects, writes Natalie Kostelni for the Philadelphia Business Journal. Some of the projects are already set to get started, while others are in the planning stages, and they could…
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Phoenixville’s Westside Set to Open Next Month
It’s close enough to Phoenixville’s burgeoning downtown but far enough away to be a quiet retreat with luxury amenities. The new storefronts and 171 apartments that make up Westside are nearing completion and are expected to open next month, according to a Philadelphia magazine report by Sandy Smith. “What sets Westside apart is the commitment…
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Greater Philadelphia the Place to Be for Young Professionals
Greater Philadelphia is the place to be for young professionals, according to a new study by the Chamber of Commerce for Greater Philadelphia, writes Kenneth Hilario for the Philadelphia Business Journal. According to the study, 93 percent of new and mid-career professionals say they believe their next job could be in the region. Greater Philadelphia…
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Environmental Concerns Dealt with as Coatesville Gateway Project to Get Under Way
After a two-year stain on the Coatesville Gateway project, environmental concerns stemming from a former dry cleaner building have finally been cleaned up, and wrecking balls are ready to provide a clean slate this summer. DEPG and Legend Properties are moving forward with a July target date for demolition and a November start date for…
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Downingtown Main Street Association Leads the Borough’s Revitalization Efforts
The Downingtown business district is much busier these days, thanks largely to the concerted efforts of the Downingtown Main Street Association, a nonprofit helping to revitalize the borough, writes Steven Hoffman for the Chester County Press. Key events, like the opening of the Station Taproom and Bottle Room, have been important steps in Downingtown’s efforts…
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Survey: Have You Taken the ‘Take the Pulse’ Survey?
View Survey If no, please consider doing so now by visiting the ‘Take the Pulse’ survey page here. The poll stays open Through April 14th.
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Pennsylvania Made Strong Progress Last Year in Employing Workers with Disabilities
While Pennsylvania still lags in the rate of employment of workers with disabilities, it made the largest step forward in the country in this important area last year, writes Grace Donnelly for Fortune. The advocacy group RespectAbility released the 2016 Annual Disability Statistics Compendium in time for the 2017 National Governors Association Winter Meeting. However,…
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Oxford Close to Shifting New Parking Garage Plans into Gear
Oxford leaders believe parking will drive the revitalization of their downtown business district, and the next six months will be critical to shifting those plans into gear. The borough is searching for the final $2 million needed for a proposed $6 million parking garage, transportation center, and new borough hall, according to a Chester County…
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Commissioner Kichline Touts Region’s as “Full of Excitement and Promise”
Contrary to popular belief, neither millennials nor any other generations are fleeing the suburbs for finer culture downtown. Big cities may be trending as hot spots for young professionals, but the suburbs are the ones growing. “From 2000 to 2015, suburban areas accounted for 91 percent of population growth and 84 percent of household growth…
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Seedcopa’s “Souper” Bowl Celebrates 5 Years
You may be aware that the Chester County Economic Development Council’s (CCEDC) SBA Certified Development Company affiliate, South Eastern Economic Development Company of Pennsylvania (Seedcopa), has evolved to become the statewide leader in SBA lending. In fact, it was once again ranked the #1 Certified Development Company in the Greater Philadelphia Area this past year. What you…
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Check Out the Chester County Communities with the Most Disposable Income
Chester County offers its residents a wealth of opportunities, and one of them is the opportunity for wealth itself. Eight local communities enjoy an average disposable income that numbers in the six figures per household, according to data from Esri cited in a Philadelphia Business Journal report. That’s a significant share of the Top 50…
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CCEDC Adds Two New Staff Members
The Chester County Economic Development Council is starting off the new year by adding two members to its team. James Logan joins CCEDC as the Senior Manager, Business and Community Development. Primarily working on the Economic Development Partnership Initiative (EDPI), his duties include building on existing county-wide initiatives that focus on growth, business development and…
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Personal Income of Greater Philadelphia Residents Places Region Eighth in Nation
The personal income accumulated within the Greater Philadelphia area last year is enough to give each resident $57,173, if spread equally. That amounts to a total of $347 billion, and ranks the Philly metro as the eighth-wealthiest across the entire United States, according to a Philadelphia Business Journal report by G. Scott Thomas. The rankings…
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