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Chicago firm to hire hundreds at its Chester County software center

Envestnet collecting $half-million in Pa. state aid

"I moved here from Chicago with my family" to head the operation, Josh Mayer, Envestnet's chief operating officer, told me. The company has hired over 100, expects to have 153 total staff to qualify for state aid by the end of the year, and has adjoining space to accomodate hundreds more.

Mayer likes the 10-minute commute, Tredyffrin-Easttown schools, and the "vibrant talent pool" of financial software developers and service professionals along U.S. 202 in Philadelphia's western suburbs.

The state Department of Community and Economic Development has agreed to give the company $459,000 in tax credits (corrected, not grants) after the new workers are hired, plus $36,000 from the WEDnetPA employee-training fund.

In a statement, State Sen. Andy Dinniman, D-Chester County, credited the recently-completed new lanes speeding traffic on congested US 202 for helping attract new and expanded employers to the aging office corridor.

According to Dinniman, the road helped open the way for Envestnet, as well as recent hiring announcements by health IT tech provider Cerner Corp., which is adding 250 at Great Valley Corporate Center north of Malvern, and biopharma developer Radius Health, which is adding 80 at its Swedesford Rd. location in eastern Tredyffrin Township.