Entries by Sydney Stressman

Drexel University Becomes Third R1 Institution in Greater Philadelphia

Drexel University was recently awarded as an R1 research institution, a prestigious honor for research universities with the “highest research activity.” Drexel joins the University of Pennsylvania and Temple University as the third R1 institution in our region to reach the highest level a research university can achieve, according to the Carnegie Classification of Institutions […]

NIH Renews $13 Million Partnership with Penn

The National Institutes of Health (NIH) has renewed a five-year contract with the University of Pennsylvania’s gene therapy program for $13 million to support gene-therapy research advancement. The contract was presented by the National Heart, Lung and Blood Institute, which operates as the Gene Therapy Program Preclinical Vector Core in the Perelman School of Medicine […]

Delaware Innovation Space Receives $3 Million to Transform DE Start-up’s

Delaware Innovation Space received $3 million from the National Development Council to continue transforming science-focused start-ups into leading companies. The start-up innovation loan program was established by Discover Bank and includes an additional $225,000 operating grant. “Delaware is a great place to start a business and Discover Bank is proud to help Delaware Innovation Space […]

PA Governor Implements Job Creation and Professional Development Initiative

The Governor of Pennsylvania, Tom Wolf, signed an executive order this past February to initiate the Keystone Economic Development and Workforce Command Center. “Our commonwealth is on the comeback and more people are working than ever before,” said Governor Wolf. “Businesses are hiring and cannot find the trained workers to fill open jobs. And too […]

Camden, NJ Welcomes Chase Bank

JP Morgan Chase has recently opened branches throughout the country and has set sights on Camden, NJ—the first bank to open in downtown Camden in a decade. The Mayor of Camden, Frank Moran, and Chase’s Regional Director for Philadelphia, Delaware and southern New Jersey, Michele Lawrence, were both present at the ribbon cutting ceremony and […]

Philadelphia Fusion Moves to South Philadelphia

Comcast Spectacor and The Cornish Company just announced they will build a $50 million esports arena in South Philadelphia. This soon-to-be constructed arena will be the Philadelphia Fusion headquarters, Philadelphia’s first esports franchise. The 60,000 square-feet arena was designed by Populous, a Kansas City-based architectural firm specializing in sports franchise, and will seat 3,500 spectators–making […]

Amazon Cancels New York HQ2 Plans

Four months after Amazon’s decision to open two headquarters in the Long Island City neighborhood of Queens in New York and Arlington, Virginia, the e-commerce company terminated plans to operate in Long Island City. The director of the New York state budget, Robert Mujica, wrote an open letter on this “tremendous loss for New Yorkers” […]

Rowan University “3+1” Program Supports Tech Industry Growth

Rowan University added two new majors to their curriculum to meet the business community’s needs for skilled technologists. “Engineering jobs are still rising but the technology jobs are rising just as fast, if not faster,” said Anthony Lowman, Dean of Rowan University’s Henry M. Rowan College of Engineering. The two majors in electrical engineering technology […]

New $18 Million Research and Manufacturing Facility in Newark, DE

Wilmington PharmaTech, a research and manufacturing organization, will invest $18 million for a new facility in Newark, DE and almost quadruple in size from 37 full-time employees to 139. “This marks the next wave of growth, positioning Wilmington PharmaTech as the leader in new drug manufacturing in the US,” said Hui-Yin Harry Li, Ph.D., President […]