Economic Development
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Doylestown Township to See Major Commercial Developments on Route 611
Doylestown Township is gearing up for significant commercial enhancements along the busy Route 611 corridor, writes Jeff Werner for The Patch. On Tuesday night, the board of supervisors approved plans for two major projects: a new car wash and the redevelopment of the former Applebee’s site at Barn Plaza. The first project involves Jim…
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Hankin Group Named to Delaware Valley’s Top Workplaces of 2024 by ‘The Philadelphia Inquirer’
Hankin Group has been awarded a Top Workplaces 2024 honor by The Philadelphia Inquirer’s Top Workplaces. This list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling Respected & Supported,…
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Majority of Fire, EMS Volunteers Successfully Apply for Chester County’s Property Tax Rebate
A majority of eligible fire and EMS volunteers have successfully applied for their property tax rebate adopted six months ago by Chester County, writes Jim Melwert for KYW Newsradio. The Active Volunteer Real Estate Tax Rebate Ordinance allows first responder volunteers to receive a rebate on real estate tax that is imposed by the county. …
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Chester County Among Fastest-Growing Counties Based on Population in Pennsylvania
Chester County is one of the fastest-growing counties, population-wise, in Pennsylvania, based on the latest U.S. Census Bureau figures, writes Michael P. Rellahan for The Daily Local News. The recently released numbers show that the state experienced a slight overall population decline of around 41,000 people between 2020 and 2023. However, Chester County recorded a population…
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Pennsylvania American Water Reveals $28.3 Million Investment Plan for Water Storage Upgrades in 2024
In conjunction with the start of the Infrastructure Week observation, Pennsylvania American Water has revealed its 2024 tank infrastructure investment plan to rehabilitate 10 of its water storage tanks and construct four new tanks. Pennsylvania American Water’s tank rehabilitation program of inspecting, sandblasting, and repainting tanks extends the tanks’ service lives and helps protect water…
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More Jobs Could Be Coming to Philadelphia Thanks to New Deal With Korean Shipbuilder
HD Hyundai Heavy Industries, the world’s largest shipbuilder, has partnered with Philly Shipyard to seek U.S. government shipbuilding and maintenance contracts, writes Joseph N. DiStefano for The Philadelphia Inquirer. The Korean company signed an agreement with Philly Shipyard, which employs nearly 1,000 at the former Philadelphia Navy Yard site, to “explore a potential business relationship”…
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Prospective Homebuyers Continue Facing Uphill Battle Looking for Home in Philadelphia Area
Burdened with high prices and mortgage rates, prospective homebuyers are continuing to face an uphill battle finding a home in the local housing market, write Aaron Moselle and Kenny Cooper for the WHYY. Over the last year, affording a typical home in the Philadelphia suburbs has become even more daunting. The median sale price of…
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Leonardo Helicopters US Showcases Philadelphia’s Appeal in New Momentum Makers Series
The Chamber of Commerce for Greater Philadelphia is making significant strides in attracting and expanding companies within the region, showcasing its impact on the local and global business landscape. Through a comprehensive regional marketing strategy, the chamber’s Economic Competitiveness team has been pivotal in promoting Greater Philadelphia as a premier global destination for business. This…
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CCCBI Holds State of the County Discussion with Chester County Commissioners
On Friday, March 22, 2024, the Chester County Chamber of Business & Industry held their Annual State of the County discussion at Penn Oaks Golf Club with Chester County Commissioners, Josh Maxwell, Marian Moskowitz, and Eric Roe. This renowned event, presented by Aqua America and Lamb McErlane PC, also honored Bobby Kagel with the prestigious…
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Some Philly Companies Are Embracing A Four-Day Workweek
Sen. Bernie Sanders recently introduced a bill to reduce the standard U.S. workweek to 32 hours over four days as opposed to 40 hours over five days. While the idea is gaining some traction now due to Sanders’ proposal, some companies within pockets of the corporate world have already implemented the move, writes Lizzy McLellan…
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Shapiro’s PAyback Initiative Halves Permit Wait Times in Pennsylvania
Gov. Josh Shapiro launched a new policy last year aptly named PAyback to speed up the process of permit issuance in Pennsylvania, writes the Editorial Board for The Wall Street Journal. In his efforts to whip the state’s bureaucracy into shape, Shapiro ordered all state agencies to adopt a strict timeline for issuing permits. He…
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United States Economy Adds 353,000 Jobs, Surpassing Expectations
The latest job report provided another proof that not only did the United States manage to avoid recession, it is adding new jobs in unexpectedly high numbers, writes Paul Wiseman for The Philadelphia Inquirer. The nation’s employers delivered a burst of hiring in January, adding 353,000 jobs to the economy. That surpassed the December gain…
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Average Debt Per Resident in Pennsylvania Lower Than National Average
Pennsylvania recorded an average debt per resident of $85,047 across mortgages, auto loans, student loans, credit cards, and other debts, which is significantly lower than the national average of $103,358, writes Liz Knueven for the Business Insider. The Keystone State’s average debt is the 16th lowest in the nation. The highest average belongs to Washington…
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What Does the CCEDC Think About PA’s First Economic Development Strategy in Nearly 20 Years?
When Pennsylvania Governor Josh Shapiro unveiled the Commonwealth’s first economic development strategy in nearly two decades, the Chester County Economic Development Council (CCEDC) was among those invited to attend. We had been part of several focus groups that provided input while the strategy was being developed, and we were anxious to see the final vision for how “Pennsylvania gets it…
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2024 Economic Outlook: Are We Above Water?
By Dario Bellot, Chief Financial Officer, Harcum College With gas prices hovering around $3 per gallon, inflation in decline, and unemployment the lowest in decades, is an economy recovery a reality? Not necessarily. The stock market performed well in 2023. The S&P 500 gained 24 percent, the Dow Jones 14 percent, and the NASDAQ soared,…
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What is the Expected Economic Impact of Philly’s 2026 FIFA World Cup Games?
The official match schedule for the 2026 FIFA World Cup has been released. As a result, a second look is being taken to analyze the economic impact the games will have on Philadelphia, writes Justin Udo for KYW Newsradio. Lincoln Financial Field in South Philadelphia will host six FIFA World Cup matches in 2026, each…
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Pennsylvania’s $4 Billion Forgotten Bounty: Could Some Be Yours?
Pennsylvania Treasury Department currently has over $4 billion in unclaimed property that includes dormant bank account funds, stocks, jewelry, and much more, writes Ashley Adams for The Keystone. Treasury Department data shows that one in ten Pennsylvanians is owed unclaimed property, with a typical claim amounting to approximately $1,600. With National Unclaimed Property Day –…
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More Companies Are Opting to Bring Employees Back to Office Five Days a Week
UPS recently informed its employees that it will require full-time office attendance, joining a small group of big companies that are pushing for five days in the office, writes Chip Cutter for The Wall Street Journal. Other major companies that already asked at least some segments of their workforce to return to the office full-time…
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