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CEO: Philly is a hive of innovation activity. So how can we cross-pollinate?

Tuesday April 28th, 2015 04:27:30 PM Mike Patterson
Philadelphia has the ability to rewrite the rules on collaborative innovation. While knowledge used to be power, it is now knowledge-sharing that can create a long-term, sustainable ecosystem of growth.If University City is a ‘hive’ of innovation, there’s no queen bee – it’s an orchestrated network of worker bees challenging antiquated beliefs and building a honeycomb of ingenuity. In our hive, we have access and exposure to world-class talent and technology from nearly every technical…

You know you're in a place like Devon when even Vetri restaurants give you agita

Tuesday April 28th, 2015 03:41:21 PM Fran Hilario
Two Vetri restaurants were announced on Monday to open in the Devon Yard project. Amid mixed reactions from community members, the restaurant group wants to prove itself.“We don’t ever want to go to a community that has doubts about our arrival,” said Jeff Benjamin, chief operating officer of Vetri Family. “We want to make sure we listen to all of their concerns so they’re comfortable with their new neighbors.”The Devon Yard project is a six-acre development that will have four stories…

5 things you need to know today, and David L. Cohen gets big pat on the back

Tuesday April 28th, 2015 12:53:32 PM Jeff Blumenthal
Here’s What’s Happening today:1. Brian Roberts offers support for David L. Cohen after Comcast- Time Warner deal rejection. Says Comcast is lucky to have him.2. It's harder than drawing a full house. Revel casino license can’t be transferred to new owner.3. Wells Fargo seeks state grants for job creation in Delaware.4. It's not all sweetness and light on East Passyunk Avenue. Cupcake shop closes.5. It's been a grand trip but it's coming to an end. Philadelphia Business Journal Publisher…

Newspaper union says new profit sharing comes from its give-backs

Tuesday April 28th, 2015 12:27:44 PM Jeff Blumenthal
Employees of the region’s largest newspaper company will receive a $903 profit sharing arrangement, Interstate General Media Owner and Publisher H.F. “Gerry” Lenfest said Monday in a memorandum. But union officials did not seem enthralled with the gesture in a memorandum of their own Monday.The memo swap comes as IGM has gone to mediation in its negotiations for a new contract with Newspaper Guild employees of its three main publications — Philadelphia Inquirer, Philadelphia Daily News…

Wells Fargo seeks state grants for job creation

Tuesday April 28th, 2015 12:23:06 PM Jeff Blumenthal
Wells Fargo & Co. is seeking $1.3 million in job creation grants and another $60,000 to help offset costs associated with relocating and creating new jobs in New Castle County, Del. The Associated Press reports that the state’s Council on Development Finance was to meet Monday to consider the proposal.The San Francisco-based bank says it will relocate 80 jobs from outside Delaware and add 100 more over the next three years.Wells Fargo (NYSE: WFC) is the region’s largest deposit taker.The…

Night Market Philadelphia returns

Tuesday April 28th, 2015 12:08:01 PM Jeff Blumenthal
It’s no secret that Philadelphia has a thriving dining scene and the long-awaited street food festival Night Market is back to prove it.Night Market Philadelphia is returning for its fifth year and will be hosting four food truck festivals throughout different neighborhoods this season.The street fest will take place on South Street West, Lancaster Avenue, Callowhill Street and Frankford Avenue, and Girard Avenue in Fishtown.This is the first time the festival will be held in two of those…

Brian Roberts defends key exec in wake of Comcast-Time Warner failure

Tuesday April 28th, 2015 11:59:31 AM Jeff Blumenthal
In the wake of Comcast Corp. pulling out of its planned merger with Time Warner Cable Friday because of regulatory opposition, The New York Post called into question the future of one of its top executives, David L. Cohen. And that generated a quick response from Comcast CEO Brian L. Roberts.Cohen, 60, is one of the most powerful people in Philadelphia with a long résumé of achievement. While serving as chief of staff to then-Mayor Ed Rendell from 1992 to 1997, he was given a large amount of…

Revel casino license can’t be transferred to new owner

Tuesday April 28th, 2015 10:05:03 AM Fran Hilario
In another hiccup in the ongoing Revel saga, New Jersey gaming regulators say the structure’s casino license can’t simply be transferred to its new owner.The state Division of Gaming Enforcement on Monday said Revel’s casino license can’t be transferred over to Florida developer Glenn Straub’s Polo North Country Club in bankruptcy court, according to the Associated Press.Glenn needs to be approved for a separate license from the state Casino Control Commission to operate the casino,…

East Passyunk cupcake shop closes

Monday April 27th, 2015 07:15:35 PM Fran Hilario
Ms. Goody Cupcake on 1838 E. Passyunk Ave. closed its doors on Monday after a three-year run.Owner Gigi Andrew decided not to renew the lease, according to spokesman Kory Aversa. The building was recently sold to Rockland Corp. and the rent was significantly raised at the end of the lease period, he said.Andrew is consulting for a few bakeries in South Jersey, where she resides. Andrew will announce if and when she will open a new location in the future.

Event shows the 'flavors' of East Passyunk Avenue

Monday April 27th, 2015 06:56:12 PM HughE Dillon
The East Passyunk Avenue Business Improvement District on Sunday hosted its annual Flavors on the Avenue where 25 East Passyunk Avenue restaurants served up delicious dishes of favorites to a sold-out crowd. (Check out the photo gallery).Dozens of award-winning restaurants, bakeries and bars offered tastes of their signature dishes and drinks during the day-long event under a big-top tent, which included a VIP section with specialty drinks and an outdoor area.Outside the tent, the East Passyunk…


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