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Philadelphia as a startup hub: How do we supercharge it?

Thursday December 18th, 2014 09:36:52 PM
Editor's note: This is the 13th in a series of contributed articles authored by members of The Forum of Executive WomenPhiladelphia's startup scene has been evolving since the 70s. The 70s saw the founding of TDH by the Buck family as the first Philadelphia venture fund; The 80s saw the joint City of Philadelphia/Wharton task force to form the first national venture capital firm based in Philadelphia as well as the founding of the "Delaware Valley Venture Group" (now PACT) and Ben Franklin Partners…

Why these businesses are moving into one shared space

Thursday December 18th, 2014 09:13:01 PM
Four area companies have decided to join forces at a new, shared office space at the Navy Yard.The collaborative workspace will allow the companies — Environmental Construction Services Inc., United American Builders, BFW Group and Jidan Cleaning— to share resources, like printing, Internet access and building information modeling. They'll also share a receptionist and collaborate on mutual business opportunities.The space is inside a renovated, 5,300-square-foot building that once was marine…

Lyft approved in Pennsylvania, but not Philadelphia

Thursday December 18th, 2014 07:40:00 PM
The Pennsylvania Public Utility Commission voted Thursday to allow Lyft to operate in the state. The ride-share company has been granted a two-year experimental license, where it must follow a number of strict rules.But, here's the kicker for Philadelphia: Since the PUC doesn't regulate taxis and similar vehicle services in the city (that's the Philadelphia Parking Authority's domain), Lyft is still off limits here.The Pittsburgh Business Times has the story.Just last month, the PUC granted…

Ground broken on industrial building in South Jersey

Thursday December 18th, 2014 07:35:00 PM
Dermody Properties broke ground on a 171,600-square-foot industrial building at the LogistiCenter at Logan in Logan, N.J.The building is designed for multiple tenants and is located at 1110 Commerce Blvd. Work on the building is expected to be complete next summer. Colliers International is marketing the property. Great Point Investors is the capital partner on the project.At build out, LogistiCenter will be a 7.4-million-square-foot warehouse and distribution campus on 1,100 acres.

Pa. Convention Center launches $1.2M art competition to complete expansion

Thursday December 18th, 2014 07:15:00 PM
The Pennsylvania Convention Center has launched a juried art competition in order to complete its expansion by acquiring more than $1.2 million in original works by Pennsylvania artists.The Convention Center will hold a 60-day open call to collect artwork, including paintings, photographs and sculptures, that will become permanent installations in the building. Submissions will be accepted until March 2, 2015 at 11:59 p.m.An expansion art committee comprising of members of the state's arts community…

Wistar Institute CEO Russel Kaufman stepping down

Thursday December 18th, 2014 07:00:06 PM
Dr. Russel E. Kaufman is stepping down as president and CEO of the Wistar Institute in March. He will be succeeded by Dr. Dario C. Altieri, who will continue to serve as director of the West Philadelphia biomedical research organization's cancer center.Altieri is also currently the executive vice president and chief scientific officer at Wistar."I've been here for 12-and-a-half years," Kaufmann said in an interview Thursday morning. "When I came here, I had a bunch of huge challenges and we took…

PHL International Airport gets new restaurants, retailers

Thursday December 18th, 2014 07:00:00 PM
Footwear retailer Finish Line and Irish pub Jack Duggan's are among the four new restaurants and retailers that have recently opened at the Philadelphia International Airport's Marketplace Food & Shops.Ruby Blue, a jewelry and accessories retailer, and Lick, a Las Vegas candy shop, join the two tenants. The PHL airport is Finish Line's second airport location in the county, while Jack Duggan expanded into the existing holding room across from its current location.The airport is expected to open…

Don't raise Philadelphia's minimum wage to $15/hour, say PBJ readers

Thursday December 18th, 2014 06:29:19 PM
Proposals for a minimum wage hike have gained ground in cities across the United States., and the conversation is picking up in Philadelphia after a new proposal from Councilman Kenyatta Johnson .More than 300 online readers responded to a recent Philadelphia Business Journal poll: Should the city raise the minimum wage to $15 per hour? Fifty-nine percent said no.Some could argue that raising the minimum wage that high would be detrimental to many of the region's small businesses. Owners would…

Generocity: Why Philadelphia should invest in skilled labor development

Thursday December 18th, 2014 06:19:41 PM
Philadelphia finds itself in a dilemma: The wage tax is the city's biggest source of revenue, and yet more than 25 percent of its residents are unemployed or underemployed and pay little, if any, wage tax.This doesn't mean the city should necessarily raise taxes. Instead, Philadelphia needs to find ways to increase wages. Short-term investments in low-cost skill certifications, for example, would quickly generate new sources of wage tax revenue by employing new people.The Red Cross offers a 4-week…

The Wilmington Blue Rocks have new owners

Thursday December 18th, 2014 05:45:00 PM
Clark Minker and Main Street Baseball have acquired the Wilmington Blue Rocks.Minker is the son of Matt Minker, who had been the long-time owner of the franchise.Terms of the deal were not disclosed."This team has been in my family ever since the first pitch was thrown back in 1993," said Clark Minker. "My family's construction company built Frawley Stadium and my dad and I were the first people to play catch in the outfield. This team means more to me than just about anything, and I'm going…

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