Saturday, February 28, 2015

Update: Hay to add 65, grow software development at new Philly HQ

To 1650 Arch, from Wanamaker Building

Update: Hay to add 65, grow software development at new Philly HQ

Hay Group, a Philadelphia-based multinational management consulting firm, says it plans a $4.3 million move from the Wanamaker Building east of City Hall to expanded space at 1650 Arch St. (the white former Cigna tower), with help from an expected $280,000 in Pennsylvania state grants ($150,000 from Pennsylvania First, $130,000 in Job Creation Tax Credits), Gov. Tom Corbett said in a statement.

The expansion will accomodate 65 workers over the next three years, in addition to the current nearly 200 positions, chief executive Stephen Kaye said in a statement. Hay employs 3,200 globally. 

The expanded Philadelphia space will be "our hub for solutions and technology," Kaye told me. "Our web development group is based in Philadelphia; we are hoping to grow that group, and most of the jobs will be added in that group." In Philadelphia, he added, "we see the availability of technology graduates and people who can develop these applications." The fact Comcast plans a technology concentration in its new skyscraper a few blocks away is a fortunate coincidence, Kaye added: "What other companies are doing to increase technology (hiring) will help us." 

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
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