Six-figure sponsor for Philly Cycling Classic

The Philly Cycling Classic on Monday announced its first six-figure sponsor, New Penn Financial of Plymouth Meeting. Race organizers and New Penn, a lender, would not provide a specific dollar amount for the deal.

The Philly Cycling Classic is the race being organized by U.S. Rep. Bob Brady to replace the Philadelphia International Cycling Championship, which was cancelled after it could not find sponsorship. The Philly Cycling Classic is expected to announce a title sponsor in the next week.

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