Mayor Welcomes Financial Firm To New City Headquarters
Mayor Nutter just had a little gathering in City Hall to welcome Penn Capital Management Company, a financial firm that is relocating from Cherry Hill in July to offices in the former Philadelphia Naval Yard. "Even in these current economic conditions, firms are still interested in what Philadelphia has to offer," Nutter said.
Mayor Welcomes Financial Firm To New City Headquarters
Chris Brennan
Mayor Nutter just had a little gathering in City Hall to welcome Penn Capital Management Company, a financial firm that is relocating from Cherry Hill in July to offices in the former Philadelphia Naval Yard. "Even in these current economic conditions, firms are still interested in what Philadelphia has to offer," Nutter said.
The firm, which counts the city's pension fund as one of its clients, will bring 60 employees to Philadelphia.
Speaking of the pension fund, PhillyClout asked company officials what they think about the controversial Deferred Retirement Option Program [DROP], which has caused quite a dust-up in City Council this week.
"Don't even think about responding to that," Nutter told the firm's leaders with a chuckle.
yeah, they want what the city has to offer without the city's tax burden (KOZ site).— dreinterests
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics – which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans. E-mail tips to ransomj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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