Tuesday, April 28, 2015

Economic Development

POSTED: Friday, October 15, 2010, 10:52 AM
Filed Under: Economic Development

VWR International L.L.C. had hoped to make a statement in early 2009 by making its new headquarters a key part of the redevelopment of a former steel plant in Chester County.

The privately held laboratory-supplies distributor had outgrown the two office buildings near West Chester where it had been since 1992.

However, financing headaches for the real estate developer produced project delays that led VWR to drop that idea and sign a 12-year lease in an existing office building in Delaware County in June 2009.

Mike Armstrong @ 10:52 AM  Permalink | 0 comments
POSTED: Thursday, September 23, 2010, 11:47 AM
Filed Under: Economic Development

Show me an office high-rise, and I’ll want to know which companies are in it.

Show me a luxury condominium building, and I’ll want to know how the residents who live there earn their living.

A new report by the Center City District may not name names, but it reinforces how important Philadelphia’s central business district is to the region as a whole. (Read it here.)

Mike Armstrong @ 11:47 AM  Permalink | 0 comments
POSTED: Wednesday, September 22, 2010, 11:24 AM
Filed Under: Economic Development

Never judge a book by its cover, nor a city by its portrayal in Hollywood movies. That’s what statistics are for.

Would you believe me if I told you some economists classifying U.S. and Canadian cities put Philadelphia in the exclusive-sounding category of “thinking” cities?

Take that, Rocky.

Mike Armstrong @ 11:24 AM  Permalink | 0 comments
POSTED: Tuesday, September 21, 2010, 11:31 AM
Filed Under: Economic Development

It seems like such a no-brainer: Encourage the growth of the types of economic activity that are already going on in your region.

And yet, politicians often cannot resist the lure of attracting that shiny new auto assembly plant, shipyard, or aircraft factory, regardless of cost or real-world prospects.

In the absence of a strong regional industry cluster, those economic-development “wins” are bound to lose in the end.

Mike Armstrong @ 11:31 AM  Permalink | 0 comments
POSTED: Thursday, September 9, 2010, 5:31 PM

It’s not often a billion-dollar public company decides to move its corporate headquarters to the Philadelphia area.

Particularly not one from the manufacturing sector.

That’s what’s happening with Gardner Denver Inc., which intends to relocate its headquarters from Quincy, Ill., where it was founded 151 years ago.

Mike Armstrong @ 5:31 PM  Permalink | 0 comments
POSTED: Thursday, August 26, 2010, 10:47 AM
Filed Under: Economic Development

So the federal government will sink $129 million into an “energy innovation hub” at the Philadelphia Navy Yard?

Tell me why I feel as if I’ve walked down this road before.

It’s not because Philadelphia’s economic development change agents have tried this particular project before. It’s that big-money, big-promises programs have been unfurled here before and generally found wanting.

Mike Armstrong @ 10:47 AM  Permalink | 0 comments
POSTED: Tuesday, June 15, 2010, 8:12 AM

Between 2008 and 2018, employment is expected to increase by 15.3 million, according to projections by the federal Bureau of Labor Statistics.

Coming after a recession that destroyed 8 million jobs, that sounds encouraging.

But a different forecast being released Tuesday by the Georgetown University Center on Education and the Workforce shows that there is a growing disconnect between the types of jobs that employers must fill and the number of Americans with the education and training to do them.

Mike Armstrong @ 8:12 AM  Permalink | 0 comments
POSTED: Monday, June 7, 2010, 8:19 AM

Ardmore’s experiment with its own local currency will be more than just a summer fling.

Four community banks have agreed to contribute a total of $10,000 to fund a return of Ardmore’s Downtown Dollars for the holiday shopping season.

Beneficial Bank, Bryn Mawr Trust, Firstrust Bank and St. Edmond’s Federal Savings Bank each agreed to commit $2,500 to subsidize an unusual effort the Ardmore Initiative business improvement district launched this spring: printing its own paper money in denominations of 10 and 20.

Mike Armstrong @ 8:19 AM  Permalink | 0 comments
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

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