Philadelphia Business News
Finance
Ardent Credit Union Recognized as a Philly Favorite Again
News Summary Ardent Credit Union has earned the title of ‘Philly Favorite’ for the second consecutive year, winning gold in the Favorite Credit Union category. This prestigious recognition highlights the...
Philadelphia’s Asian Bank Expands to Serve Local Communities
News Summary Philadelphia’s Asian Bank has seen remarkable growth, doubling in size over the past five years. With new branches and a commitment to support local businesses, the bank is...
Pittsburgh’s Economic Concerns Rise Amid New Tariffs
News Summary Philadelphia currently faces economic uncertainties as new federal tariffs threaten job losses and inflation. Experts caution that these tariffs could lead to significant price increases on imports, particularly...
King of Prussia’s Hotel Market Faces Major Changes
News Summary The Buccini Pollin Group will hand over two of its King of Prussia hotels, the Fairfield Inn and Crowne Plaza, to their lender amid a $32.5 million loan...
Philadelphia’s Small Businesses Affected by Tax Break Elimination
News Summary The decision by Mayor Cherelle Parker’s administration to end the Business Income and Receipts Tax (BIRT) exemption has sparked concern among 75,000 small businesses in Philadelphia. The exemption,...
Philadelphia’s Business Tax Break Set to Vanish
News Summary Philadelphia is poised to eliminate the BIRT exclusion, a tax break that has benefited small businesses for a decade. Legal challenges have raised concerns over the exclusion’s constitutionality,...
McAdam Achieves Tope Ranking in Financial Advisory Industry
News Summary McAdam Financial Advisory has achieved prestigious recognition once again, securing a position on the list of Best Financial Advisory Firms for the third year in a row. This...
Philadelphia’s Budget Proposal Addresses Tax Reforms and Transit
News Summary As spring arrives, Philadelphia officials present a $6.7 billion budget proposal tackling the Business Income and Receipts Tax (BIRT) and funding for SEPTA. Mayor Parker aims to introduce...
Philadelphia Takes Action on Historical Injustices
News Summary Philadelphia has launched the Reparations Task Force to address the historical injustices of slavery and discrimination affecting Black residents. The task force aims to explore reparations through community...
Construction
Van Buren Transforms Municipal Building into Community Hub
News Summary The Town Council of Van Buren plans to revitalize an old municipal building into a community hub and small business incubator. With a $1.79 million grant request, the...
Real Estate & Properties
Van Buren Transforms Municipal Building into Community Hub
News Summary The Town Council of Van Buren plans to revitalize an old municipal building into a community hub and small business incubator. With a $1.79 million grant request, the...
King of Prussia’s Hotel Market Faces Major Changes
News Summary The Buccini Pollin Group will hand over two of its King of Prussia hotels, the Fairfield Inn and Crowne Plaza, to their lender amid a $32.5 million loan...
D2 Collins LLC Sells Logistics Park in Carneys Point, NJ
News Summary D2 Collins LLC has sold a 48-acre logistics park development site in Carneys Point, NJ, to EQT Real Estate for $707.4 million. This transaction signifies a considerable transformation...
Philadelphia’s Commercial Real Estate Market Sees Growth
News Summary Philadelphia’s commercial real estate market is experiencing notable activity, with significant property transactions highlighting its resilience. The sale of luxury apartments like The Palmer and renovations of existing...
Philadelphia Welcomes Back Historic Tavern Full of Stories
News Summary A Man Full of Trouble Tavern, the only surviving pre-Revolutionary bar in Philadelphia, is set to reopen in spring 2024 after decades of closure. Originally opened in 1759,...
Pennsylvania Allocates $20 Million for Community Projects
News Summary Pennsylvania’s governor has announced a $20 million investment for community projects through the ‘Main Street Matters’ initiative during the 2025 National Main Street Now Conference. This funding aims...
Marketing
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