“Philadelphia’s premier creative workplace environment – converting a a warehouse into 260,000 square feet of the most exciting office space in Philadelphia; in a millennial neighborhood with an already thriving Live-Work-Play dynamic.”
For more information, visit sonohsp.com.
Regional leaders share how their engagement with the Greater Philadelphia Chamber of Commerce helps them engage, lead, and collaborate.
Select Greater Philadelphia, in collaboration with multiple partners, created the Business Media Kit for over 5,000 journalists, producers, editors, and other media who covered the historic event of the World Meeting of Families and Papal Visit. It offered insights, facts and ideas – including sources and their contact information – that showcased the business stories and assets that drive economic growth and vibrancy across our Greater Philadelphia region. It helped journalists that came from across the nation – and the world – uncover the nuances that make our business community and economy so special as they reported on the historic 2015 World Meeting of Families and Papal Visit.
The University of Pennsylvania has released its plans for developing a research park on the 23-acre former DuPont property, located along the Schuylkill River in the Grays Ferry section of Philadelphia. The master plan for Penn’s South Bank envisions a new University asset devoted to advancing research and innovation, and the commercialization of research into new products, services and entrepreneurial ventures.
The South Bank plan, produced by Philadelphia-based planning firm WRT, is a critical aspect of the Penn Connects 2.0 campus development strategy, which has already added nearly 3 million square feet of space to Penn’s campus since 2006 while increasing open space on campus by 25 percent.
The plan is designed to support entrepreneurial growth as well as innovation for the technology-led economic development shift underway in Philadelphia. The South Bank master plan aligns with the already-released plans by the Philadelphia Industrial Development Corporation for the long-term revitalization of the entire Lower Schuylkill River into a 500-acre Innovation District that creates a stronger corridor of commercial activity anchored by Penn to the north and the Navy Yard to the South, with the Philadelphia International Airport and other transportation hubs located within the center.
The PIDC master planning, utilizing public/private partnerships, will expand riverfront green space, and connect Penn Park and the Schuylkill River Banks trail system with park land and trails east and south of the site. The South Bank’s strategic location has potential for creating a new keystone that secures University City, Center City and the lower river Innovation District as the three engines of Philadelphia’s economy.
The South Bank will be anchored by the Pennovation Center, a new business incubator and accelerator that will provide lab space and a hub for collaboration, creativity and the exchange of ideas for innovators from all disciplines. Such facilities are key components in the success of research parks as they combine the technically advanced facilities, expert workforce and researchers that a university can supply with the professional development and venture capital that entrepreneurs provide. South Bank has been attracting tenants to the space since 2010 through the adaptive use of existing buildings and some new construction, including such innovators as:
- Penn Vet Working Dog Center— the premier educational and research facility dedicated to harnessing the unique strengths of our canine partners for public safety and human health;
- Penn Dental Research Greenhouse — conducting research on plants as shelf-stable incubators for medicine at a cost effective distribution method;
- Penn School of Arts & Sciences Bio Garden — researching the impact of insects on plants;
- Penn Transit Services — the fleet management operation of the University, including a new sustainable propane fueling station for the city;
- KMEL Robotics — a spinoff of Penn’s GRASP lab in the School of Engineering and Applied Sciencethat has achieved recognition for its customized flying Quadrotor robots;
- Novapeutics — established through Penn’s UPStart program, developing treatment for diabetes;
- Jin+Ja — offices of locally produced health beverage company;
- Edible Philly — local offices of a national publishing company focused on culinary arts;
- The Philadelphia Free Library Operations Center.
While currently utilizing the existing building capacity of 200,000 square feet, the market analysis absorption planned for the next 20 years is estimated at 750,000 square feet with a long-term site development capacity envisioned up to 1.5 million square feet. Additional information about the South Bank is available at www.pennconnects.upenn.edu.
Sunoco Logistics’ Natural Gas Liquids Projects to Support More Than 30,000 Jobs, Create Recurring Economic Benefits Across the Commonwealth of Pennsylvania
Econsult Solutions, an economic consulting firm based in Philadelphia, released an economic impact study in February that concluded the Sunoco Logistics (NYSE: SXL) Mariner East projects are expected to add up to $4.2 billion to Pennsylvania’s economy, supporting more than 30,000 jobs during the construction period and approximately 300-400 permanent jobs.
The study, commissioned by Sunoco Logistics, is designed to forecast the potential economic and fiscal impacts of its proposed Mariner East projects on the Commonwealth’s economy. This includes the development of a 50-mile pipeline that connects with an existing pipeline, construction of a new 350-mile pipeline, and the re-purposing of its Marcus Hook Industrial Complex to store and process natural gas liquids (NGLs).
Move from New York City to create 200 new jobs in the city
Philadelphia, January 28, 2015 – Mayor Michael A. Nutter and American Bible Society President and CEO Roy Peterson announced today that American Bible Society, one of the nation’s first and enduring nonprofits, will relocate its national headquarters to the historic center of Philadelphia, an area often called the most historic square mile in America. Mayor Nutter and Dr. Peterson were joined by Alan Greenberger, Deputy Mayor for Economic Development and a host of faith, business, and community leaders at a press conference at Independence Visitors Center this morning.
“We are very excited to welcome American Bible Society to their new home in Philadelphia,” said Mayor Nutter. “Working with Dr. Peterson, his team and the American Bible Society Board as they made this decision was a pleasure and we are very proud that one of America’s first nonprofits has chosen to move to our city. Thank you to all involved in this effort.”
The move comes after nearly 200 years in New York City. The new American Bible Society headquarters will be located at 401 Market Street in Philadelphia’s historic district. Ministry offices will encompass nearly 100,000 square feet on the 8th and 9th floors of the building. In addition, American Bible Society has proposed creating a Bible Discovery Center on the first floor, as well as a conference center, Rare Scriptures Depository and scholarly working library on the concourse level of the building. The new Bible Discovery Center will provide quick access to 5th Street, the center point of Independence Mall, and will add a new dimension to the historic area, sharing American Bible Society’s uniquely American story.
CEO Roy Peterson said the city was selected based on a number of factors, including strategic collaboration opportunities, affordability and livability. Coincidentally, one of the ministry’s founders and its first president, Elias Boudinot, was a native son of Philadelphia. The ministry anticipates opening the doors of its new offices this summer, with the Bible Discovery Center opening being explored for 2016.
“For 20 decades, American Bible Society has worked to make the Bible available where needed most so that all may experience its life-changing message,” said Peterson. “As we work toward the goal of having 100 million Americans engaging with God’s Word and 100 percent of the world’s languages open for Bible engagement, our new Philadelphia headquarters will become the launching pad for Bible ministry in the U.S. and around the world. We are thrilled that we will be starting a third century of service, headquartered here in Philadelphia. Home to America’s first hopes as a new nation, Philadelphia is now home to a very bright future for American Bible Society.”
The effort to attract American Bible Society to Philadelphia was led by the Department of Commerce, including the Commonwealth of Pennsylvania, the Archdiocese of Philadelphia, PIDC, Select Greater Philadelphia, the Greater Philadelphia Chamber of Commerce, and leaders from across the business and faith community.
“This truly was a team effort and the warm welcome extended by the Philadelphia community gave American Bible Society the confidence that this city should be their new home,” said Alan Greenberger, Deputy Mayor for Economic Development. “American Bible Society is the latest in a series of companies and organizations to recognize the great benefit of locating in Philadelphia and we have many more such announcements to make in the coming weeks and months.”
Philadelphia’s business community was very engaged in welcoming American Bible Society led by the Greater Philadelphia Chamber of Commerce and Select Greater Philadelphia.
“We are pleased to welcome the American Bible Society to Philadelphia,” said Rob Wonderling, a member of Select Greater Philadelphia’s board and President and CEO of the Greater Philadelphia Chamber of Commerce. “Through its many ministries, the American Bible Society provides a message of hope to people around the world. Our region’s strategic location in the heart of the nation’s largest market will undoubtedly help spread the word and advance the mission of this superb organization.”
About American Bible Society
Since 1816, American Bible Society has worked to make the Bible available to every person in a language and format each can understand and afford, so all people may experience its life-changing message. One of the nation’s first and most enduring ministries, today’s American Bible Society provides resources across a variety of platforms enabling first-time readers and seasoned theologians alike to engage with the best-selling book of all time. For more information, visit AmericanBible.org.
On December 5, over 200 national and international business leaders attended an energy summit hosted by the Greater Philadelphia Energy Action Team (GPEAT) of the CEO Council for Growth and the Greater Philadelphia Chamber of Commerce. The summit brought together energy and manufacturing executives interested in attracting energy-intensive businesses to the Greater Philadelphia region. Both business and labor groups have lined up in support of the campaign to make Greater Philadelphia the strategic energy hub in the Northeast United States.
Daniel Yergin, Pulitzer Prize-winning author of The Prize, a history of the energy business, spoke to summit attendees about establishing the region as an energy hub. Mr. Yergin said that Greater Philadelphia has the assets needed to become an energy hub, including first-rate infrastructure, world-class colleges and universities with significant R&D capabilities, and an engaged and committed business community.
Greater Philadelphia has a long history as an energy center. The Delaware River is now home to five refineries that receive crude oil by train, and ship and distribute the fuels they produce to regional and international markets.
GPEAT Chairman and CEO of Philadelphia Energy Solutions Phil Rinaldi said “Greater Philadelphia is in a prime position to be the center of this major transformation in the energy industry by taking advantage of outstanding infrastructure and the tremendous regional talent pool of science, engineering, and business professionals augmented by craftsmen well trained in manufacturing trade skills that are deeply ingrained in the region’s history.” He added that the “development of Marcellus Shale offers not only significant opportunities to reduce consumer energy costs, but perhaps more importantly to promote sustainable economic growth and create new, family-sustaining jobs throughout the Commonwealth that would raise the region’s economic might.”
In addition, Sunoco Logistics Partners L.P., a Philadelphia pipeline company, is investing billions of dollars to build its Mariner East pipelines to deliver Marcellus natural-gas liquids to former refinery sites in Marcus Hook and Westville.
To view videos about Greater Philadelphia’s energy initiative, visit www.ceocouncilforgrowth.com/energy. For information about business opportunities in Greater Philadelphia, contact Mari Juarez at [email protected] or (215) 790-3653.
Select Greater Philadelphia investor Holt Logistics Corp, working in collaboration with South Jersey Port Corporation, Gloucester County Economic Development and other partners in southern New Jersey, secured NLMK Steel as their first tenet in the newly constructed, state-of-the-art terminal at the Port of Paulsboro. NLMK is one of the leading suppliers of steel products in the US.
“Our choice of the Paulsboro Marine Terminal was driven by confidence in New Jersey to complete the project in a timely and professional manner, the professional reputation of South Jersey Port Corporation, access to a deep water port for large supply ships, and the availability of ample space upon the river to grow,” said Bob Miller, president of NLMK USA. “Our company is one of the leading suppliers of steel products in the US, and the supply chain for our fundamental raw material, steel slabs, is a critical link in the success of our business plan.”
The site includes a new $23 million access road that diverts truck traffic from the area neighborhoods.
New Jersey Senator Donald Norcross, whose Economic Opportunity Act spurred the chain reaction of Holt coming to the Port of Paulsboro said, “The announcement of this new tenant will equate to the creation of upwards of 100 permanent jobs here. That is what this project was always about, creating commerce up and down this river to create good paying jobs for our residents.”
Project could exceed 5 million square feet of mixed-use development
JLL, a professional services and investment management company specializing in real estate, has been retained by Drexel University to advise in the selection of a Master Developer for its ambitious Innovation Neighborhood plan for University City. The Master Developer will have exclusive rights to plan and develop approximately 10 acres of urban, transit-oriented real estate, anchoring University City’s Innovation District.
At the threshold between University City and Center City, and adjacent to Amtrak’s 30th Street Station, Innovation Neighborhood provides the opportunity to redefine the gateway to University City with a blend of education, research, commercial, retail, hospitality and residential uses.
“Innovation Neighborhood represents an unprecedented opportunity for a private developer to obtain development rights in the mostly institutionally-controlled University City,” said Mark Seltzer, JLL senior vice president of Development Advisory Services.
The project is situated in a submarket grounded in intellectual assets, strong growth and multimodal transportation, located in a city with the highest growth rate of millennials in the U.S. The Master Developer is expected to aggressively market the project to pioneering organizations and advance America’s next great innovation district.
Select Greater Philadelphia (Select) is the business attraction organization for northern Delaware, southern New Jersey, and southeastern Pennsylvania. A non-profit entity, Select highlights Greater Philadelphia’s unique business assets to national and global audiences with the ultimate goal of growing the economic vibrancy of our collective community through attracting new businesses and new jobs to our 11-county region. Select assists companies interested in locating in Greater Philadelphia by providing resources, detailed information, and connections.