Economic Development
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Kennett Square Borough’s Rapid Growth and Development is Both a Gift and a Challenge
Kennett Square Borough, which totals a little more than one square mile, is known as a thriving small town of businesses, families, and nature, writes Richard L. Gaw for the Chester County Press. Once a sleepy town, Kennett Square has long been a lively town, rapidly growing in population. The borough has become a hub…
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Chester County Among Pennsylvania’s Fastest-Growing Counties in Recent Years
Pennsylvania is one of the few states in the U.S. experiencing a decline in population, but Chester County stands out with its recent population growth, writes Jess Thomson for Newsweek. As of July 1, 2023, the Keystone State’s population stood at 12,961,683, a decline from 12,972,091 in 2022, 13,013,614 in 2021, and 13,002,788 in 2020. …
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CCEDC Celebrates Milestones After Year of Projects and Millions in Funding
The Chester County Economic Development Council (CCEDC) is releasing key milestones for fiscal year 2024, after a year of remarkable growth for the 64-year-old organization. More than 200 local business and community leaders, spanning every major regional industry, were in attendance as CCEDC showcased the end-of-year milestones at its 14th Annual Stakeholders’ Breakfast held at the Desmond Hotel…
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Coatesville’s 2nd Annual ACE Forum Highlights Community Growth
Earlier this month, over one hundred Coatesville community members convened for the second Annual Coatesville-area Economic (ACE) Forum, writes Monica Ferguson for 19320 GO! The forum occurred on Nov. 1 at the Chester County Public Safety Training Campus and featured government officials, business owners, and other members of the greater Coatesville community. The goal of…
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Pennsylvania’s Immigrant Population Helps Drive Economic Growth
Pennsylvania’s immigrant population is one of the driving forces behind the state’s economic growth, according to a report from the Pennsylvania Immigration Coalition, writes Ashley Adams for The Keystone. Pennsylvania is the fifth most populated state in the nation and its sixth largest economy with gross domestic product of $915 billion. With around 978,000 immigrant…
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Four Chester County Places Are Among Top 25 Wealthiest ZIP Codes in Greater Philadelphia
Four Chester County places have found their way on the list of the top 25 wealthiest ZIP codes in Greater Philadelphia, writes Todd Romero for the Philadelphia Business Journal. The list was ranked based on the average household income obtained from the U.S. Census Bureau data for 2022. ZIP codes with fewer than 2,000 residents…
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Wharton Professor Zeke Hernandez Pens Book Highlighting ‘The Truth About Immigration’
Zeke Hernandez, a professor at the Wharton School of the University of Pennsylvania is originally from Uruguay, but has been an immigrant in Costa Rica, Guatemala, and Argentina, before arriving to the United States. In the two years prior to arriving to the U.S., he spent two years doing service work in the slums of…
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The Unique Business of Housing in Chester County
Homeownership is an essential cornerstone of the American dream. However, Americans now face a series of roadblocks to obtain the dream of home ownership. All across the country, home prices have skyrocketed, mortgages are unobtainable, less homes are being built, and those that are built have become smaller. Unfortunately, Chester County has become the epitome…
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See Which Grocery Chain Has Most Stores in Chester County
Grocery chains have become bigger than ever by acquiring their smaller local and regional competitors, with Walmart, Kroger, Aldi (Süd), and Albertsons now owning a third of all the grocery store locations in the country, write Kevin Schaul and Jaclyn Peiser for The Washington Post. While three of the four grocery giants are present in…
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Chester County Dominates List of Places with Most Expensive Homes in Pennsylvania
Chester County is home to ten towns that are among the top 30 places with the most expensive homes in Pennsylvania, according to a recently released ranking by Stacker. To compile the list, Stacker used data from Zillow. Places are ranked based on the Zillow Home Values Index for all homes as of July 2024.…
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Philadelphia Region Continues to Shed Tech Jobs
A new report from CBRE found that the Philadelphia region lost around 10,000 tech jobs in the last five years, making it harder to retain local tech students after graduation, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia market placed at No. 24 in North America and No. 18 in the United States…
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Philadelphia Releases New Impact Study on Planned Sixers Arena, Here Are Some Key Takeaways
A new study has been released that evaluates the potential impact that the new proposed Philadelphia 76ers arena in Chinatown would have on the neighborhood, writes Aaron Moselle for WHYY. Consultants on the study have come to the conclusion that the development “could potentially result in the loss of Chinatown’s core identity and regional significance.”…
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SEI Executive Sneha Shah Sees Bright Future for Philadelphia’s Startup Scene
Sneha Shah, head of new business ventures for SEI Investments, believes there is a bright future for Philadelphia’s startup scene, writes Ryan Mulligan for the Philadelphia Business Journal. People “outside of Philadelphia don’t understand how powerful this [startup ecosystem] could be,” she said. Shah used to be one of those people. Her career took her…
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Chester Pike Could Be Getting Facelift to Make It More Pedestrian, Bicyclist Friendly
Delaware County officials are considering upgrades to Chester Pike that would make the thoroughfare friendlier to pedestrians and bicyclists, writes Gabriel Donahue for WHYY. The proposed improvements, which include narrower car lanes, bike paths, and wider sidewalks, are part of a recommendation by Colliers Engineering to alleviate traffic woes. Roughly five years ago, Sharon Hill,…
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Frontage Laboratories Expands to 200,000 SF of Life Science Space at Hankin Group’s Eagleview in Exton
Frontage Laboratories, a full-spectrum Contract Development and Manufacturing Organization (CDMO), now occupies an additional 46,300 square feet of life sciences space at Hankin Group’s Eagleview (240 Sierra Drive) in Exton. The organization will use the new space at Eagleview for its CMC-Product Development and Manufacturing service line. Frontage Labs joins Fruh Packaging to bring occupancy…
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Study: These Three Factors Make Chester County the State’s Best Place to Live
Chester County is the best county to live in Pennsylvania, according to recently published rankings by 24/7 Wall Street that use data from the Human Development Index (HDI). The HDI is a composite of life expectancy, education, and per-capita-income indicators, which are used to rank countries into four tiers of human development. To determine the…
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Vanguard Announces Record Retirement Savings Rates Among American Workers
401(k) plan participants once again saved at historic rates in 2023, with a record-high number of participants also increasing their savings rate. How America Saves, Vanguard’s annual report on the retirement savings behaviors of nearly five million American workers, found that the average participant deferral rate matched the historic high of 7.4 percent in 2023. When…
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Washington Post: Rural Pennsylvania Facing Population Loss
The sharp decline in rural population has put Pennsylvania at the forefront of a national discourse on the viability of America’s small towns that have long been pillars of the country’s culture, writes Tim Craig for The Washington Post. Nationwide, 81 percent of rural counties have recorded more deaths than births in the last four…
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