Philly Economy

Governor Announces Major Investment to Boost Economic Development in Pennsylvania

News Summary Governor Josh Shapiro has revealed a significant investment of $64 million through the PA SITES program to enhance…

3 months ago

Philadelphia Grocery Store Sells Winning Lottery Ticket Worth $798,244

News Summary A winning ticket for the Pennsylvania Lottery's Deep Pockets game was sold at Mason Grocery in Philadelphia, bringing…

3 months ago

New $40 Million Soil Cleanwashing Facility Opens in South Philadelphia

News Summary A new soil cleanwashing facility has opened in South Philadelphia, thanks to a $40 million partnership between Alterra…

3 months ago

Rite Aid Files for Bankruptcy Again Amid Financial Struggles

News Summary Rite Aid has filed for bankruptcy for the second time in under two years, revealing plans to close…

3 months ago

Rite Aid Files for Chapter 11 Bankruptcy Again in Philadelphia

News Summary Rite Aid has once again filed for Chapter 11 bankruptcy protection, aiming to sell most of its assets.…

3 months ago

Philadelphia High Schools to Mandate Financial Literacy Courses

News Summary Starting in the 2026-27 school year, Philadelphia high school students will be required to take financial literacy courses…

3 months ago

Philadelphia Commission Proposes Abolishing Business Income Tax

News Summary The Philadelphia Tax Reform Commission has presented an interim report advocating for the abolition of the Business Income…

3 months ago

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…

3 months ago

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…

3 months ago

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…

3 months ago