Business News

Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

American City Business Journals, Inc. and its licensors. All rights. reserved.
View Breaking Local News Headlines in Philadelphia from the Philadelphia Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Crowdfunding site launched for Chef Eli Kulp's recovery

Friday May 22nd, 2015 08:55:00 PM Fran Hilario
A friend of Eli Kulp's has launched an online fundraiser to help the award-winning chef's family offset the costs of his medical care, saying she hopes the money will allow the family to focus on his recovery and their 3-year-old son."It's going to be a very long road," said Kelly Mawn Silkworth.Silkworth, who met Kulp's wife about 20 years ago while in college, organized the crowdfunding campaign, launching The Kulp Family Medical Fund Wednesday with the goal of raising $25,000. Another friend,…

Philadelphia newspapers union, management agree to one-month contract extension

Friday May 22nd, 2015 08:54:02 PM Jeff Blumenthal
The parent company for the Philadelphia Inquirer, Daily News and said Friday afternoon that it has agreed with the Newspaper Guild of Greater Philadelphia to extend the union’s current contract through June 27.Philadelphia Media Network said the extension came at the suggestion of a federal mediator and that the company “is hopeful this additional time will result in an agreement that is in the best interest of all parties involved.”The Newspaper Guild’s contract was set to…

King of Prussia's Nordstrom Rack to relocate

Friday May 22nd, 2015 07:31:00 PM Natalie Kostelni
Nordstrom Rack plans to relocate a store that now sits across from the King of Prussia Mall to the King of Prussia Town Center, which is about a mile away and under construction.The new store will total 35,000-square-feet and is scheduled to open in the fall of 2016. Its current Nordstrom Rack at the Overlook at King of Prussia is slightly bigger at 45,000-square-feet and opened in 2002. It is on the second floor of a structure that houses a Best Buy.Though not far from its current location,…

Bonjour! Philadelphia to play host to National Escargot Day

Friday May 22nd, 2015 07:30:42 PM Fran Hilario
Philadelphia will be playing host to a day completely devoted to a versatile protein that puts a new meaning to the slow food movement.The city will be hosting National Escargot Day, which means participating restaurants will be plating more than 30,000 Wild Burgundy snails, or more than 600 pounds, according to organizer and self-professed snailman, Douglas Dussault.This is the fourth year Philadelphia will be hosting the event. It previously hosted in 2007, 2011 and 2012. It’s grown from…

Bill introduced to clear way for Philadelphia Airport expansion

Friday May 22nd, 2015 06:59:50 PM Natalie Kostelni
A bill has been introduced to City Council that would make way for Philadelphia to buy International Plaza, a two-building office complex on 27 acres in Tinicum, Pa.It is assumed the property would go toward the eventual expansion of the Philadelphia International Airport. The airport has eyed the property for years for possible runway expansion or even for cargo operations.As the bill is written, the property would be acquired by the city, which would then enter into a master lease with the…

TOP 10: Phillies' Phantastic Auction's highest bids

Friday May 22nd, 2015 05:24:45 PM John George
The numbers are in from the third annual Philadelphia Phillies Charities Inc. “Phantastic Auction” and the final tally shows the event — which features opportunities to eat, play golf and receive hitting tips from current and former players — raised nearly $105,000 for a variety of nonprofit organizations supported by the team.A dinner party for eight with a former Phillie great received the highest bid at this year’s auction. The auction itself has raised nearly $400,000 since its inception.…

Firm developing wearable health monitors leaves Philadelphia for New Jersey

Friday May 22nd, 2015 05:04:28 PM John George
Echo Therapeutics’ tumultuous four years in Philadelphia are over.The formerly Center City-based medical device company has moved its corporate headquarters from its 7,900-square-foot-office at 8 Penn Center to a 2,800-square-foot office in Iselin, N.J.While in Philadelphia, Echo:• Saw its former CEO Patrick Mooney take of “leave of absence” and never return to the company• Twice cut its workforce, first by 33 percent, or about 12 people, then by another 10, to conserve cash•…

Developer sets sights on Superfresh site in Society Hill

Friday May 22nd, 2015 04:30:27 PM Natalie Kostelni
Alterra Property Group is in the preliminary stages of a proposal to construct a mixed-use development on a Society Hill property that now houses a Superfresh.The thought of losing the small supermarket that occupies 13,000 square feet at 309 S. 5th St., has many in the community upset. However, it’s early in the process and more information is needed, said Matt DeJulio of Society Hill Civic Association.“We haven’t seen or heard all of the details,” he said. “Once we do, we will have…

The Economist asks: Can Kenney build on Nutter's momentum?

Friday May 22nd, 2015 01:46:10 PM Jeff Blumenthal
Everyone in town is weighing in on the likely transition from Mayor Michael Nutter to his friend-turned-foe-turned-possibly-friend-again Jim Kenney, the former city councilman who secured the Democatic mayoral nomination in Tuesday’s primary election.They are even talking about the pending changeover across the pond. The Economist offered an essay praising Nutter and said, given Kenney’s politics, it will be a challenge for him to live up to his promise to build on the momentum the city has…

Local food truck inching closer to opening brick-&-mortar location

Friday May 22nd, 2015 01:31:07 PM Fran Hilario
A local food truck received a portion of a $50,000 grant this week, bringing it one step closer to its brick-and-mortar goal.Spot Gourmet Burgers, Steaks & Pork, or Spot, won $15,000 this week during Cooking Up Success, a culinary business competition by The Enterprise Center. The remaining funds were divvied up among other winners.The prize, set up like a forgivable loan program, is significant for the food cart because it’s currently in the midst of opening up a brick-and-mortar restaurant.“As…

Comments are closed.