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Pennsylvania’s Wealthiest Is No Standout Among Wealthiest Americans
Pennsylvania’s richest individual, Chester County resident Mary Alice Dorrance Malone, is just another can on the wealth shelf, according to real estate firm Movoto’s map of the men and women with each state’s highest net worth. While Malone’s $3 billion Campbell Soup fortune outranks all others in her home state — and looks pretty good next…
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Warren Financial Leader Appears On FoxBusiness ‘After The Bell’ Segment
Randy Warren of Warren Financial Service in Lionville weighed in on Fox News’ After the Bell segment earlier this week offering his perspective on the run-up on Chipotle shares and overall market value. Warren, who runs a wealth management practice for high net-worth individuals in Lionville, had nice things to say about Chipotle (shares of…
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PBJ Editor Interviews Bill Covaleski, Victory Brewing Co. Founder
By Shannon Maria Jones Dell Poncet, Managing Editor of the Philadelphia Business Journal, recently sat down for a candid interview with Bill Cavaleski to learn more about the beginnings of Victory Brewing, their creative business philosophy, and changes on the horizon. According to Poncet, Victory Brewing’s President, Bill Covaleski believes he has, “the best job…
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CubeSmart Hunts Down Everyday Treasure (Boxes)
Forget about hidden treasure; it’s the treasure box that’s worth big bucks today, and Malvern-based CubeSmart just shelled out $35 million to buy up storage units that South Floridians stash their valuables in. The deal includes three self-storage complexes in Palm Beach County: a nearly 142,000-square-foot center in Delray East, more than 135,000 square feet in…
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Victory Brewing Celebrates National Ice Cream Day With New Beer Inspired Ice Cream
By Shannon Maria Jones Downingtown-based Victory Brewing Company has launched into a new kind of pints with the release of a beer-inspired ice cream line. Pints of Hopped Up Devil, Triple Monkey, and Storm Drop are now available at the Kimberton Whole Foods and the Victory retail outlet in Downingtown for $6.49. The Greater Philadelphia…
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Valley Forge Casino Outshines The Others In Slots Revenue
Those who are opening their school district property tax bills this month will be interested in the July 2 report from the Pennsylvania Gaming Control Board giving revenue and tax figures for slot machine play. The numbers are for June 2014 and for the fiscal year 2013-14. After a 6 percent drop in June compared…
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Exton CTO Takes On Director Role For Philly Startup Leaders
Philly Startup Leaders, a volunteer network of more than a thousand people who support technology-based startups in the region, have tapped Jeffrey Burk for the job of technical director. Burk is chief technology officer at Education Management Solutions (EMS) in Exton. Burk succeeds Frank Koehl, who was volunteer technical director for two years. “There is…
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Editorial: U.S. Export-Import Bank Makes A Real Difference
From West Chester to Malvern to Exton to Phoenixville and so many of the communities across southeastern Pennsylvania, the U.S. Export-Import Bank makes a real difference for the local small businesses; companies that are the real engines of job growth across the Delaware Valley. Whether it’s Schramm’s in West Chester, Turkey Hill in Conestoga, or…
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Shire Goes On Offensive To Fend Off $46B Takeover Bid
Over the last week Philly.com has kept close tabs on Abbvie’s $46.5 billion takeover initiative to acquire Shire Plc. Shire, officially headquartered in Ireland, has significant operations in Wayne and Exton. The Delaware Valley news site reported over the last week that Abbvie’s three offers to Shire’s board, a fourth is expected in the next week…
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West Chester Energy Fund Won’t Flinch In Their Fight With Washington
Rich and Kevin Gates of Powhatan Energy Fund LLC in West Chester have been profiled in The Wall Street Journal and Forbes. They’ve spoken on panels in Washington D.C. And they’ve received support from several national business publications, blogs and web sites in their battle with the Federal Energy Regulatory Commission (FERC). “We’re happy about…
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State Extends Deadline To Apply For State Property Tax Rebates
Father’s Day is just a few days away, and one of the best gifts you can give your aging father, mother or a resident with a disability is a reminder to apply for the state property tax rent/rebate program. The deadline to apply has been extended from June 30 to Dec. 31. The rebate program benefits…
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Area Health System CEO Honored For Regional Leadership
An area health care leader was recently awarded for his pioneering advocacy for local health issues and for rallying support around southeast Pennsylvania’s health community. Jack Lynch (above left), president and CEO of Main Line Health based in Bryn Mawr with Chester County facilities in Paoli and Exton, received the recognition from the Hospital and…
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Possible IPO For Radnor Lab Equipment Supplier
Talks between several banks and Radnor-based VWR Funding Inc. could indicate an imminent initial public offering for the laboratory equipment supplier or an outright sale of the company, according to a Wall Street Journal report. The potential IPO is believed to be $750 million, with a total valuation of the business at approximately $4 billion.…
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Innovative Drive-Thru Lumberyard Opens In Kennett Square
The newest location for Tague Lumber Inc.’s customer-friendly drive-through lumber warehouses for builders, remodelers and homeowners is now open at the former Danby Lumber site on McFarlan Road in Kennett Square, the Daily Local News has reported. To celebrate, the family-owned building materials distributor has planned summer-long grand opening events featuring prizes and giveaways. In…
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Malvern Company Charged In $557K Philly Billing Fraud
Federal prosecutors have accused Malvern industrial supplier Airmatic Inc. of fraudulently billing the city of Philadelphia $556,633 for unapproved industrial products and repair parts over the course of almost six years, according to official charges reported by Philly.com. If convicted, the consequences of the mail fraud could tally up to five years of probation, restitution,…
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Think It First Of Wayne Brings Fresh Look To Discover Philadelphia Convention Website
The Discover Philadelphia website, which aims to bring tourism and convention center business to Philadelphia, has a fresh look thanks to Wayne-based Think it First. Think it First partners Bradley Emmons, Jamie Trueblood and Joe Lashinger are encouraging meeting planners to “Make a deal, make believe, make an impression and make some noise” in Philadelphia.…
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Gaming Control Board Reports Table Game Casino Revenue Was Up In March
“With our casino in Pennsylvania, the possibilities are endless,” is one slogan the Valley Forge Casino and Resort tweets to patrons, and recent figures from the state show the casino is netting a consistent stream of cash. Revenue from table games at Pennsylvania’s casinos rose 1 percent during March, producing the highest level of revenue,…
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AT&T Announces 100 New Jobs, Some In Chester County
AT&T is hiring people to fill more than 100 key job openings in Chester County and other parts of the state. The openings are primarily customer service and retail jobs as the company continues to invest in Pennsylvania. “AT&T continues to expand our customer base in Pennsylvania and invest in our network to ensure we…
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