Holt Logistics Corp Gets Tenant for Port Terminal

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.”

Drexel University Moves Forward with Innovation Neighborhood

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.

New Executive to Lead Business Attraction Marketing Efforts in Greater Philadelphia

Recognizing the importance of strengthening the regional economy through attracting new businesses and helping to facilitate growth of existing businesses across the 11-county area of Greater Philadelphia, the corporate and civic leadership of the Greater Philadelphia Chamber of Commerce announced the appointment of Matt Cabrey as Executive Director of Select Greater Philadelphia (Select) and Senior Vice President, Regional Business Marketing for the Greater Philadelphia Chamber of Commerce. Cabrey’s focus is to lead the Select team on its collaborative marketing and business attraction efforts nationally and internationally, reinforcing the region as a top-tier location to do business.

An accomplished executive with diverse and extensive marketing and communications experience, Matt Cabrey’s concentration with Select is on showcasing the distinguishing characteristics that make Greater Philadelphia an attractive area for businesses to thrive through engaging with investors, partners, business and civic leaders to identify organizations and support the business location and expansion process.

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GPCC ANNOUNCES NEW EXECUTIVE TO LEAD BUSINESS ATTRACTION MARKETING EFFORTS

PHILADELPHIA – Recognizing the importance of strengthening the regional economy through attracting new businesses and helping to facilitate growth of existing businesses across the 11-county  area of Greater Philadelphia, the corporate and civic leadership of the Greater Philadelphia Chamber of Commerce is pleased to announce the appointment of Matt Cabrey as Executive Director of Select Greater Philadelphia (Select) and Senior Vice President, Regional Business Marketing for the Greater Philadelphia Chamber of Commerce. Cabrey’s focus is to lead the Select team on its collaborative marketing and business attraction efforts nationally and internationally, reinforcing the region as a top-tier location to do business.

An accomplished executive with diverse and extensive marketing and communications experience, Matt Cabrey’s concentration with Select is on showcasing the distinguishing characteristics that make Greater Philadelphia an attractive area for businesses to thrive through engaging with investors, partners, business and civic leaders to identify organizations and support the business location and expansion process.

“The growth of our region happens when we have active and supportive participation from our business and civic leaders,” said Rob Wonderling, President and CEO of the Greater Philadelphia Chamber of Commerce. “Select is the driver of our business attraction plan, and we could not be successful without the ongoing commitment from the business community to invest in the future of this region, seizing upon new opportunities in energy, manufacturing, and healthcare innovation to continue to put this region on the global map for business expansion.”

 

Select Operating Committee Chairman William R. Sasso, chairman of Stradley Ronon Stevens & Young, LLP noted “Matt has made his mark as a hands-on, collaborative leader, and his experience building partnerships will be a tremendous addition to the Chamber team and the work of Select Greater Philadelphia.”

“As Chair of First State Innovation in Delaware, we applaud the Chamber for leading the Select marketing initiatives to help tell the great story of innovation and opportunity this region offers, ultimately attracting new companies with great people and great ideas,” added Ernie Dianastasis, Managing Director of CAI, a global information technology consulting, integration and outsourcing services organization.

“Matt understands the importance of regionalism in the context of a global economy, and from my vantage point as a New Jersey-based financial services executive, that’s a great asset that will bring audiences together to deliver growth for all stakeholders,” said Michelle Y. Lee, Executive Vice President, Northeast Region President, Wells Fargo Bank.

As a native to the Greater Philadelphia region, and as a professional who has worked in several sectors, including non-profit, life sciences and financial services, Matt Cabrey brings unique insights and knowledge to his role leading Select.

“Each of us in the 11-county region has a unique opportunity to help grow our economy by attracting new organizations to locate or expand in northern Delaware, southern New Jersey and southeastern Pennsylvania,” said Cabrey. “By working collaboratively with economic development partners, as well as businesses, civic and community leaders, among others, the Select team is poised to market the region as a great, productive place for business that offers a dynamic quality of life for employees and their families.”

Prior to joining Select and the Chamber, he held numerous leadership roles with Shire plc, helping to shape the image, reputation and growth of this international specialty biopharmaceutical company. Before joining Shire, he was part of the corporate communications team at PNC Bank in southeastern Pennsylvania and New Jersey. He serves on the advisory board of Melmark, a human services organization dedicated to helping people with developmental disabilities; is a past board member of the Chamber; past chair of Third Century Initiative (3ci), a unique, forward-looking program of the Chamber; past board member of the Arts & Business Council, a Chamber initiative that delivers value by facilitating collaborations among arts organizations and businesses; volunteers with Pennsylvania Bio; and is a member and past chairman of the Philadelphia Public Relations Association.

 

Greater Philadelphia Chamber of Commerce
As the premier advocate for the business community, the Greater Philadelphia Chamber of Commerce works to attract, retain and grow jobs for companies and residents of the region. We represent member companies in southeastern Pennsylvania, southern New Jersey, and northern Delaware. www.gpcc.com.

 

Select Greater Philadelphia

Select Greater Philadelphia (Select) is a business attraction marketing organization dedicated to promoting the Greater Philadelphia region nationally and globally as a top-tier place to do business. Select is an affiliate of the Greater Philadelphia Chamber of

Marcellus Shale Gas Production Hits Another Record

Natural gas production from the Marcellus Shale hit another record, producing more than 15 billion cubic feet per day through July, according to data from the U.S. Energy Information Administration (EIA).

The Marcellus Shale formation is located primarily in Pennsylvania, accounting for almost 40 percent of U.S. shale gas production. “Marcellus region production has increased dramatically over the past four years, increasing from 2 [billion cubic feet per day] in 2010 to its current level,” according to the EIA. Improved drilling productivity has boosted production numbers while keeping rig counts relatively steady.

Proposed 105-mile pipeline would bring more shale gas to region

A consortium of New Jersey and Pennsylvania utilities proposes to develop a 105-mile pipeline to deliver low-cost Marcellus Shale natural gas to East Coast customers, relieving bottlenecks that caused wild price spikes last winter.

The PennEast Pipeline Company, L.L.C., on Tuesday announced plans to build a $1 billion, 30-inch pipeline from Luzerne County, Pa., to the Trenton area. Utilities and customers in eastern Pennsylvania, South Jersey and the Shore would be the beneficiaries.
Read more at http://www.philly.com/philly/business/20140813_Proposed_105-mile_pipeline_would_bring_more_shale_gas_to_region.html#aYWED7erybhZArpX.99

University of Pennsylvania Establishes Penn Center for Innovation

University of Pennsylvania President Amy Gutmann announced the launch of the Penn Center for Innovation, a new initiative that will provide the infrastructure, leadership and resources needed to transfer promising Penn inventions and related assets into the marketplace.

“The Penn Center for Innovation will maximize our mission as a research university of putting knowledge into practice for the good of our community and society,” said Penn President Amy Gutmann. “‘Pennovation’—our ability to advance both basic discovery and the society-improving applications those discoveries enable—makes Penn a leader in this vitally important field. The Penn Center for Innovation also will transform our region’s capacity to support an ecosystem of innovative entrepreneurs, companies and workers all making essential contributions to our collective economic future.”

The Penn Center for Innovation consolidates and unifies the University’s Center for Technology Transfer with other campus organizations devoted to the commercial advancement of University research and development, allowing for a more streamlined experience for Penn researchers and potential business and industry partners.

In 2007, Penn established the UPstart Company Formation Program, a model for University venture creation. UPstart now boasts a portfolio of over 50 companies, including Nelum Sciences, which develops transparent coatings that keep solar panels clean; CytoVas, developing high-throughput diagnostic tests for patients at high risk for cardiovascular disease; Graphene Frontiers, commercial scale production of high quality graphene sheets; and RightCare Solutions, which produces software packages designed to ensure patients are healthy enough to leave the hospital before they are discharged.

Children’s Hospital of Philadelphia Ties for First

The Children’s Hospital of Philadelphia (CHOP) tied for first place as the best pediatric medical center in the country, according to the annual study conducted by U.S. News & World Report. The publication ranks the medical centers based on their performance in 10 pediatric specialties: cancer, cardiology and heart surgery, diabetes and endocrinology, gastroenterology and GI surgery, neonatology, nephrology, neurology and neurosurgery, orthopedics, pulmonology, and urology. Read the full story here: http://www.chop.edu/news/us-news-world-report-ranking-2014.html

Greater Philadelphia’s healthcare assets include 197 hospitals, three children’s hospitals, six medical schools, three pharmaceutical schools, and more than 15 major health systems.

Brandywine Realty Trust Breaks Ground on FMC Tower at Cira Centre® South 49-story “vertical neighborhood” to anchor intersection of Center City and University City in Philadelphia

The final phase of Brandywine Realty Trust’s 2.7 million square foot mixed-use development along the western bank of the Schuylkill River broke ground in May. Known as the FMC Tower at Cira Centre® South, the LEED Silver certified building is located adjacent to Philadelphia’s most robust transportation hub, and innovative mix of commercial, residential and retail space.

The 49-story, 730-foot tall tower will be a striking addition to the City’s skyline, with 10-foot floor-to-ceiling glass walls allowing for 360-degree panoramic views of the Schuylkill River, Center City and nearby green spaces such as Schuylkill Banks Park and Penn Park.  Its 861,000 square feet of rentable space will feature 622,000 square feet of office space, 268 luxury apartments and executive suites, and a bar/restaurant on the ground floor.  Amenities will include an aquatic center with pool and deck, fitness center and spa, and a state-of-the-art business conference center.

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Select Greater Philadelphia and PA DCED Meet with Site Selection Consultants in Dallas to Talk Energy

Select Greater Philadelphia’s Vice President of Business Development Jeanne Nevelos and the Pennsylvania Department of Community & Economic Development (DCED) Secretary C. Alan Walker, along with representatives of Team PA and the Governor’s Action Team, met with influential site consultants from Texas in conjunction with The Energy Forum in Dallas and at a dinner hosted by the Commonwealth to share why Pennsylvania is an ideal location for businesses to expand or relocate.

Read what Texas’ Fort Worth Star-Telegram wrote about the visit.