Browsing: Business
The Federal Reserve Bank of Philadelphia’s April 2025 Manufacturing Business Outlook Survey reveals steady growth but notes challenges in supply chain delays and rising costs impacting regional manufacturers.
WuXi advances with a $510M life sciences campus in Delaware, despite selling its Navy Yard operations. The move underscores the company’s commitment to expanding its U.S. footprint and innovation capabilities.
“Working on the Edge,” featured in The Philadelphia Citizen, explores the challenges and resilience of city workers navigating evolving job landscapes. The article highlights innovation, labor struggles, and community impact in Philadelphia’s workforce.
The Philadelphia region’s 35,000 federal workers play vital roles, from boosting business exports to providing veteran care. Their diverse efforts highlight the government’s impact on local economy and community well-being.
Philly-area businesses faced supply chain disruptions, labor shortages, and inflation in 2024. Many anticipate cautious growth in 2025, focusing on innovation and workforce stability to navigate ongoing economic uncertainties.
Philadelphia business groups have filed a lawsuit against the city over its late-night curfew, arguing it harms local commerce and violates their rights. The Northeast Times reports the legal battle intensifies as restrictions remain in place.
Southern Land Co. has secured a $900M footprint in Philadelphia’s luxury multifamily market, marking a major investment that underscores the city’s rising appeal for upscale residential development.
A Trump executive order is raising concerns in Philadelphia, potentially restricting small business lending. Local advocates warn the policy could limit access to crucial funds, stalling growth and job creation in the city.
A Center City apartment building has been listed for sale, presenting a prime value-add opportunity for investors. The property offers potential for renovation and increased returns in a competitive market.
The University of Pennsylvania has received a $2.55 million gift from the foundation of the former Aramark CEO. The donation will support university programs and initiatives, enhancing educational opportunities.
The PA Department of Community & Economic Development highlights 7 key resources supporting minority-owned businesses in Pennsylvania. These programs offer funding, training, and networking to boost growth and equity in the state’s economy.
The Department of Revenue in Philadelphia faces mounting criticism over inefficiency, mismanagement, and outdated systems, sparking calls for urgent reform to better serve residents and improve city finances.
A recent WHYY survey reveals growing concern among Philadelphia businesses over uncertain government regulations. Owners cite fears that unclear policies could hinder growth and complicate operations in the coming months.
Pennsylvania commits $30 million to redevelop the Navy Yard, aiming to boost economic growth and create new jobs. The investment targets infrastructure upgrades and attracting new businesses to the historic site.
Philadelphia developers warn that Trump-era tariffs are stalling real estate projects, citing increased material costs and delays. They say these “death by a thousand cuts” policies threaten the local market’s growth.
The City of Philadelphia’s Department of Commerce highlights PHL’s business expansion and recent achievements, showcasing the airport’s role as a key economic driver and hub for regional growth and innovation.
A local game store owner warns that prices will rise with new inventory due to increased costs. However, customers can expect more diverse selections and exclusive releases, offering value despite the higher prices.
Five years after COVID-19 reshaped lives, El Fuego, a small business in Center City Philadelphia, reflects on the pandemic’s lasting impact. Local owner shares challenges, recovery, and resilience with 6abc Philadelphia.
The February 2025 Nonmanufacturing Business Outlook Survey by the Federal Reserve Bank of Philadelphia shows service sector growth slowing, with moderate optimism despite ongoing economic uncertainties.
“The city is electric right now,” as Philadelphia erupts in celebration during the Eagles’ Super Bowl parade. Fans flood the streets, igniting a jubilant party that captures the city’s infectious pride and spirit.