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Inquirer Daily News

Economic Development

POSTED: Wednesday, May 25, 2011, 5:59 PM

Ask me how thrilled I am that we’ll soon have a jobs commission in Philadelphia to come up with ways to put people to work.

Not that we don’t need to reverse the decades-long decline in employment in the city. It’s just that this is the wrong way to go about it.

In case you missed it amid all the excitement over the Pennsylvania primary election, voters in the city on May 17 approved a ballot question establishing a 17-member jobs commission.

POSTED: Wednesday, April 20, 2011, 11:43 AM

April showers seem to be bringing lots of opinions about the state of Philadelphia.

Mayor Nutter presented his “State of the City” address to a business audience at the Union League of Philadelphia last week. A few days before, the Pew Charitable Trust’s Philadelphia Research Initiative released its sobering report on how the city is performing, or more precisely underperforming, vs. other cities.

On Tuesday, it was the Center City District’s turn to spin the numbers with its annual glossy publication that certainly sells its subject well.

POSTED: Tuesday, April 5, 2011, 11:01 AM

Once, New Jersey’s Gov. Christie said that Pennsylvania was “eating our lunch” when it came to providing incentives to attract and keep companies.

It would appear that lunch is being served in the Garden State now.

Bayer HealthCare on Monday said it planned to consolidate its North Jersey locations in Wayne, Morristown, and Montville into one new complex in New Jersey and move its Tarrytown, N.Y., operation there as well.

POSTED: Tuesday, March 8, 2011, 4:08 PM
Filed Under: Economic Development

Robert B. Zoellick, president of the World Bank, will be on the University of Delaware campus Wednesday for a “conversation” as part the school’s Global Agenda series on how the rest of the world views the United States.

Zoellick won’t be giving a speech so much as answering questions posed by Ralph Begleiter, director of Delaware’s Center for Political Communication, and those in the audience.

One topic that should come up is food prices, as their increase has been a contributing factor in the ongoing unrest in the Middle East. The World Bank’s Food Price Index shows prices to be 29 percent higher than a year ago.

POSTED: Wednesday, February 23, 2011, 1:25 PM

Comcast Corp. CEO Brian L. Roberts and DuPont Co. CEO Ellen Kullman were added Wednesday to a business/labor group that the White House wants to focus on American jobs and competitivness.

Called the President's Council on Jobs and Competitiveness, the panel emerged out of ideas President Obama discussed in his State of the Union speech last month.

The White House released a list of 22 men and women from industry and labor to serve on the council, which is being chairman by General Electric Co. CEO Jeffrey Immelt.

POSTED: Wednesday, January 19, 2011, 1:21 PM
Filed Under: Economic Development

While business activity is expected to pick up in 2011, poor sales remain the biggest worry for companies, according to a new survey by the Federal Reserve Bank of Philadelphia.

The local Fed surveyed the members of the Greater Philadelphia Chamber of Commerce during the first half of December.

Jason Novak, the Fed research and policy support manager who presented the survey's results at a chamber economic outlook event Wednesday morning, said the results may reflect a "downward bias" given the uncertainty of tax policy and other issues at the time that survey was conducted.

POSTED: Tuesday, December 21, 2010, 10:59 AM
Filed Under: Economic Development

I would have thought that we’d plowed the faddish field of the creative economy enough by now.

But no. Judging by the data released Monday by the city’s Office of Arts, Culture and the Creative Economy, we’ve only begun to document whether the creative sector can become a growth engine for the city.

With a three-year, $75,000 grant from the William Penn Foundation, the office bought data from the Western States Arts Federation to benchmark where the city and region stand using an index.

POSTED: Wednesday, December 15, 2010, 11:27 AM
Filed Under: Economic Development

When we hear that the U.S. economy is expected to strengthen in 2011, as economists are now forecasting, the statistic they’re wielding is “gross domestic product.”

That’s the value of goods and services produced in a country each year.

But just as Philadelphia is a city of neighborhoods, so too is the United States a nation of metropolitan areas. Cars, vaccines, mutual funds, and social media websites are all dreamed up, designed, assembled, marketed, and distributed from some actual city or suburb. Thus, U.S. GDP is actually composed of lots of smaller gross metropolitan products.

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.

Mike Armstrong Inquirer Columnist
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