Philadelphia Business News

Finance

Philadelphia skyline with business travelers at night

Philadelphia Ranked Among Top Business Trip Destinations

June 5, 2025

Philadelphia Business Hub Philadelphia Business Hub is a premier destination for corporate and professional events, known for its vibrant business environment and strategic location. Historically recognized as a center for...

Local Philadelphia sports shops affected by tariffs

Philadelphia Businesses Struggle Amid Tariff Changes

May 31, 2025

Bungee USA Founded in 2023 by Darrell Alston, Bungee USA is a Philadelphia-based sports gear company specializing in Philadelphia-themed merchandise such as custom Phillies jerseys and Eagles face masks. The...

City landscape of Philadelphia representing business growth

Philadelphia’s Tax Reform Commission Proposes Business Tax Elimination

May 29, 2025

Philadelphia City Government – Office of the Tax Reform Commission The Philadelphia City Government’s Office of the Tax Reform Commission was established to evaluate and recommend strategies for comprehensive tax...

View of Philadelphia highlighting local businesses and city architecture

Philadelphia Tax Reform Commission Proposes Tax Elimination

May 19, 2025

Philadelphia Business Community The Philadelphia Business Community is a dynamic and diverse organization representing a wide range of businesses within the city. Established in response to ongoing economic developments and...

City street in Philadelphia bustling with businesses and people.

Philadelphia Considers Major Tax Reform to Boost Economy

May 19, 2025

Philadelphia City Government / Philadelphia Tax Reform Commission The Philadelphia Tax Reform Commission was established by City Council President Kenyatta Johnson to address the city’s economic stagnation and high poverty...

Philadelphia skyline representing economic reform

Philadelphia Tax Reform Commission Proposes BIRT Elimination

May 19, 2025

Philadelphia Tax Reform Commission The Philadelphia Tax Reform Commission was established to evaluate and recommend improvements to the city’s tax system, with a focus on the Business Income and Receipts...

Philadelphia Tax Reform landscape showcasing local economy

Philadelphia Tax Reform Commission Recommends Phasing Out BIRT

May 19, 2025

Philadelphia Tax Reform Commission The Philadelphia Tax Reform Commission is a key governmental initiative dedicated to analyzing and recommending improvements to the city’s tax policies, particularly the Business Income and...

Closed Rite Aid store in Philadelphia

Rite Aid Files for Bankruptcy and Closes U.S. Stores

May 19, 2025

Rite Aid Rite Aid is a prominent American pharmacy retail chain with a rich history dating back to its founding in 1962. Over the decades, it expanded across the United...

Exterior view of a LaVie Care Center nursing facility

LaVie Care Centers Files for Chapter 11 Bankruptcy

May 16, 2025

LaVie Care Centers LaVie Care Centers is a network of skilled nursing facilities dedicated to providing high-quality long-term care and rehabilitation services. Operating 43 facilities across Atlanta, the company focuses...

Construction

Water damage restoration specialists removing water from a flooded property

Priority Restoration Expands Emergency Services Ahead of Storm Season

May 16, 2025

Priority Restoration LLC Priority Restoration LLC is a family-owned water damage restoration company located in Philadelphia, PA. With over eight years of experience, their team of IICRC certified specialists offers...

Architectural rendering of a new single-family residence in Germantown.

New Single-Family Residence Approved in Germantown

May 14, 2025

News Summary The Germantown neighborhood in Philadelphia will soon see a new single-family residence at 458 Earlham Terrace, following the approval of building permits. Designed by MC Architectural LLC, this...

New three-story single-family home in Germantown, Philadelphia

New Single-Family Residence Approved in Germantown

May 13, 2025

News Summary Building permits have been issued for a new three-story single-family home at 458 Earlham Terrace in Germantown, Philadelphia. Covering 1,085 square feet, it will consist of an interior...

Industrial development site in Pennsylvania

Governor Announces Major Investment to Boost Economic Development in Pennsylvania

May 7, 2025

News Summary Governor Josh Shapiro has revealed a significant investment of $64 million through the PA SITES program to enhance economic development across Pennsylvania. The initiative will support 11 projects,...

Aerial view of the soil cleanwashing facility in South Philadelphia.

New $40 Million Soil Cleanwashing Facility Opens in South Philadelphia

May 6, 2025

News Summary A new soil cleanwashing facility has opened in South Philadelphia, thanks to a $40 million partnership between Alterra IOS and Eco Materials. The facility aims to process over...

Render of the new Van Buren Community Hub and Business Incubator

Van Buren Transforms Municipal Building into Community Hub

April 28, 2025

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

Exterior view of Matson Mill apartment complex in Conshohocken, Pennsylvania

Trammell Crow Company Sells Matson Mill for $109 Million

May 19, 2025

Trammell Crow Company Trammell Crow Company is a leading real estate development and investment firm with a strong presence in the United States. Established with a focus on creating high-quality...

Luxury apartment complex Matson Mill in Philadelphia

Trammell Crow Company Sells Matson Mill Apartment Complex for $109 Million

May 19, 2025

The Trammell Crow Company The Trammell Crow Company is a leading real estate development and investment firm with a history of creating innovative and high-quality properties across various sectors. Established...

Aerial view of Matson Mill apartment complex with amenities

Trammell Crow Company Sells Matson Mill for $109 Million

May 19, 2025

Trammell Crow Company The Trammell Crow Company is a leading real estate development and investment firm with a rich history dating back over 70 years. Founded in 1948, the company...

Illustration of a closed pharmacy store with urban redevelopment in the background.

Rite Aid Files for Chapter 11 Bankruptcy Again

May 19, 2025

Ole Smoky Distillery and Yee-Haw Brewing Co. Joint Venue Ole Smoky Distillery, established in 2010, is renowned as a leading global producer of premium moonshine, celebrated for its authentic craft...

Architectural rendering of a new single-family residence in Germantown.

New Single-Family Residence Approved in Germantown

May 14, 2025

News Summary The Germantown neighborhood in Philadelphia will soon see a new single-family residence at 458 Earlham Terrace, following the approval of building permits. Designed by MC Architectural LLC, this...

New three-story single-family home in Germantown, Philadelphia

New Single-Family Residence Approved in Germantown

May 13, 2025

News Summary Building permits have been issued for a new three-story single-family home at 458 Earlham Terrace in Germantown, Philadelphia. Covering 1,085 square feet, it will consist of an interior...

Interior view of Tailored Home retail store showcasing stylish home staging products.

Tailored Home Opens in Greenville, Enhancing Local Retail

May 11, 2025

News Summary Greenville welcomes Tailored Home, a new retail store launched by home staging expert Starr Osborne. Offering home design and staging services, Tailored Home fills the space left by...

Modern apartment buildings and local businesses in Conshohocken

Conshohocken’s Transformation into a Trendy Suburb

May 11, 2025

News Summary Conshohocken is experiencing a significant transformation from an industrial hub to a trendy neighborhood, with a 30% population increase since 2020. With nearly 1,000 new residential units, the...

Render of the new Van Buren Community Hub and Business Incubator

Van Buren Transforms Municipal Building into Community Hub

April 28, 2025

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...

Marketing

Aerial view of Philadelphia water infrastructure and skyline

Philadelphia Faces Significant Water Rate Increase Proposal

May 8, 2025

News Summary The Philadelphia Water Department is proposing an 18% rate increase for residential water bills over the next two years, raising typical monthly costs from $82 to $97 by...

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