Pennsylvania Makes Business-Friendly Statement with New Economic Development Initiatives
Just days into his administration, Governor Josh Shapiro quickly signed two transformative executive orders, demonstrating that Pennsylvania will do what is needed to drive economic growth and ensure the state is a friendly place to do business.
A Look at University of Pennsylvania’s $1.3 Billion Campus Development Plan
The Penn Connects plan, which has nearly 75 projects in various stages of development, includes $772 million of new development, $388 million of reinvestment and renovations, and $133 million in third-party-developers-led projects.
Lidl Purchases 69-Acre Site in Falls
Purchased for roughly $145 million, the German grocer plans to build a new warehouse at the Keystone Trade Center in Bucks County.
JPMorgan Chase to Invest in Delaware Campuses and Jobs
The massive real estate and renovation project will include modernization efforts at its Wilmington and Newark offices, such as the renovation of 33 floors of office space, a new parking garage for Wilmington employees, and the filling of over 700 open and new positions.
Philadelphia’s Historic Quartermaster Campus to Become the Quartermaster Science + Technology Park
The $250 million transformation will include wet and dry lab space for both life science startups and established companies. Also planned: restaurants, a hotel, and other amenities.
Campbell Soup Company to Consolidate Snack Acquisitions to Headquarters in Camden
Campbell’s recently announced $50 million renovation and expansion of its Camden headquarter aims to bring together the central offices of Snyder’s-Lance Inc., purchased in 2018, and Pepperidge Farm Inc., which was purchased over 60 years ago. The move will bring about approximately 330 jobs to their Camden Office.