Greater Philadelphia Welcomes 2015 BIO Convention

Philadelphia hosted the world’s largest biotechnology gathering, the BIO Convention, at the Pennsylvania Convention Center from June 15-18.

Nearly 20,000 guests from more than 65 countries met in the City of Brotherly Love to discuss new ideas around innovation and technology, and to collaborate with other members of the life sciences community in order to form partnerships and advance research and development projects.

The tristate region of Delaware, New Jersey, and Pennsylvania is at the heart of the biopharmaceutical industry and is home to 80 percent of the United States pharmaceutical industry.  With a talent pool that is second to none, and being strategically positioned between the global financial center of the world – New York City – and the legislative and regulatory leaders in Washington, D.C., the Greater Philadelphia region is a prime location for life sciences companies to establish and grow their businesses.

Independence National Historical Park Generated $301M in 2014

In 2014, the Independence National Historical Park attracted more than 3.6 million visitors, generating more than $301 million into the local economy and supporting over 3,200 jobs.

A recent Philadelphia Business Journal article mentioned that the Park’s activity has been steadily increasing since 2012, with a 14 percent increase in economic impact and a 2.7 percent increase in visitation.

Last year’s visitation number is a 2.7 percent increase from 2013 and a 1.5 percent increase from 2012.

To see the full article, visit the Philadelphia Business Journal here: http://www.bizjournals.com/philadelphia/morning_roundup/2015/04/economic-growth-continues-for-independence.html?ana=twt

Talent Greater Philly Recognizes Organizations that Encourage Post-Secondary Educations

Talent Greater Philly announced the five honorees of their Regional Challenge on April 30 at the Greater Philadelphia Chamber of Commerce’s State of Education: The Power of Partnerships event at the DoubleTree Suites Philadelphia West in Plymouth Meeting. Honorees included The Community College of Philadelphia Center for Male Engagement, Peirce College, The Children’s Hospital of Philadelphia, Ben Franklin Technology Partners of Southeastern PA, and USLI.

The Regional Challenge was put in place in order to recognize local businesses and higher education institutions that are dedicated to the education and success of Philadelphia residents.

“We all know that college education is a critical issue for our region’s competitiveness,” said Deborah Diamond, President of Campus Philly and a member of Talent Greater Philly’s Steering Committee in a recent press release. “The Regional Challenge Honorees are models for other businesses and institutions in our region that are also motivated to invest in an educated workforce.”

The full press release can be seen here: http://news.gpcc.com/2015/05/talent-greater-philly-recognizes-five-regional-organizations-for-their-commitment-to-moving-the-needle-on-college-completion/

Global Survey Shows Positive Results for New Jersey Businesses

A recent survey conducted by the Entrepreneurs’ Organization found that the New Jersey business environment fares better than most when compared to other global areas.

According to the survey, 70 percent of Garden State businesses saw an increase in net profits compared to just 60 percent globally.

Furthermore, New Jersey entrepreneurs have a positive outlook on business, with 90 percent saying that they would start a business in the current day economy. The number of companies hiring for full-time positions is also higher than the global average, with 42 percent reporting an increase of full-time employees.

See the full results of the survey in the New Jersey Business here: http://www.njbiz.com/article/20150424/NJBIZ01/150429855/global-survey-finds-jersey-entrepreneurs-feeling-pretty-good

Huffington Post Names Philadelphia a Top Ten City for Relocation

A recent Huffington Post article included Philadelphia as a top ten city to relocate to in the United States. The article discussed the factors considered when choosing the cities, including culture, nightlife, and cost of living. The article also mentioned some of Philadelphia’s best assets, including its historical significance, higher education opportunities, and signature food options.

See how Philadelphia stacks up against other U.S. cities here: http://www.huffingtonpost.com/2015/04/29/best-places-relocate_n_7163924.html

Businesswoman to head Delaware Economic Development Office

Delaware Governor Jack Markell nominated Bernice Whaley, the Deputy Director of the Delaware Economic Development Office (DEDO), to become the state’s new director of DEDO to replace Alan Levin, who is expected to resign to persue business interests.

Whaley has been the deputy director of DEDO since 2009 and has extensive experience in inventory management and retailing. She was formally the vice president of distribution and inventory management at Happy Harry’s Pharmacy, then was an executive at Karabus Management before moving onto DEDO.

“If confirmed, I want to build on DEDO’s successes and focus on enhancing the support we offer to small businesses,” Whaley said in a Philadelphia Business Journal article. “I know what it takes to grow a small business to the next level – creating jobs and stability. If I am confirmed as DEDO Director, I want to extend DEDO’s outreach with programming on how to access capital, how to get your business noticed, how to benefit from e-commerce, and how to benefit from productivity strategies.”

Select Greater Philadelphia congratulates Ms. Whaley on her nomination.

You can read the full Philadelphia Business Journal Article here:

http://www.bizjournals.com/philadelphia/morning_roundup/2015/05/markell-nominates-delaware-businesswoman-to-head.html?ana=e_phil_rdup&s=newsletter&ed=2015-05-05&u=10936288424f47d74f5b53e0ae75a9&t=1430831700

JPMorgan Chase to Supply Grant for the University City Science Center

JPMorgan Chase announced on May 20 that it will be providing a $200,000 grant over two years to the University City Science Center, which will support the Center’s Port business incubator along with other economic development initiatives.

“The Science Center has existed at the intersection of innovation and economic development for 52 years,” said Stephen Tang, Science Center President and CEO in a press release. “We are honored and delighted to partner with JPMorgan Chase to help entrepreneurs and innovators turn flashes of inspiration into thriving businesses.”

The press release also mentioned the economic impact of the Science Center, noting that it has created 15,000 jobs and driven over $9 billion in the Philadelphia region. Mark Schrieber, Executive Director and head of the Greater Philadelphia middle market commercial bank for Chase, noted, “As impressive as those numbers are, we at Chase want to see them grow. And I am proud to announce here today that Chase is committing a $200,000 donation to attract new businesses and give them the tools they need to succeed.”

To see the full press release, visit the University City Science center website here: https://www.sciencecenter.org/science-center-news/press-release-jpmorgan-chase-grant-supports-innovation-and-entrepreneurship-at-university-city-science-center

Commercial Development Company, Inc. Announces Redevelopment Plan in Claymont, DE

The Commercial Development Company Inc. (CDC) has revealed a redevelopment proposal for the 425-acre waterfront property in Claymont, Delaware formerly known as Evraz Steel Mill.

The plan to redevelop the property proposes the reestablishment of the historic state crossroad as well as the rebuilding of the former steel mill. The “First State Crossing” plan will establish the historic site as an area of economic growth in Delaware and preserve the Naamans creek for recreational use.

The CDC intends for the site to host a mixed use space of offices, warehouses, railroads, highways, and more in order to drive economic growth the the area.

For more information, read the full Business Wire article here: http://www.businesswire.com/news/home/20150210006189/en/Commercial-Development-Company-Purchases-425-Acre-Shuttered-Steel#.VV4xX7lVhBc

Thomas Jefferson Health Systems and Abington Health Complete Biggest Healthcare Merger in Region’s History

Thomas Jefferson Health Systems and Abington Health have recently united in what Philadelphia Magazine calls the biggest healthcare merger the Philadelphia region has ever seen.

This union has been in progress since October 2014, when a letter of intent was signed by each organization. The binary healthcare system, now known as “Jefferson,” will be home to over 19,000 employees and 1,700 inpatient beds. There will be five hospitals associated with the new merged entity, including Abington Memorial Hospital, Thomas Jefferson University Hospital, Jefferson Hospital for Neurosciences, Lansdale Hospital, and Methodist Hospital.

The chair seat is to be split between the two heads of each organization, with the boards having equal representations as well.

“The speed of this merger’s closing is proof positive that we have closely aligned cultures,” said Larry Merlis, executive vice president and chief operating officer of Jefferson Health in the Philadelphia Magazine article. “[These are] built on a combined vision to reimagine health, health education, and discovery to create unparalleled value and be the most trusted healthcare partner.”

Check out the full Philadelphia Magazine article here: http://www.phillymag.com/business/2015/05/05/jefferson-abington-complete-mega-merger/

Complete the Greater Philadelphia Metro Export Plan Business Survey

Help increase regional business growth by taking the Metro Export Plan Business Survey. The Economy League of Greater Philadelphia, the World Trade Center of Greater Philadelphia, and various partners in the Philadelphia region have developed a metro export plan in order to help business growth in the Greater Philadelphia region. The survey is designed to reveal local companies’ experiences with exporting, which will help to create the metro export plan that is being developed for the region in 2015.

The 10-minute confidential survey is designed to gather information about area businesses’ current exporting activity, challenges, and needs. In addition to contributing to a more effective export growth plan for Greater Philadelphia, everyone who completes the survey will have the option to be entered to win a $150 Garces Restaurant Group gift certificate.

Click the link to complete the survey:

http://www.surveygizmo.com/s3/2052799/Business-Survey-Greater-Philadelphia-Metro-Export-Plan

Questions? Contact Anne Marie Bonner at [email protected].