In The News

Philadelphia named top city for millennials, even if they don't know it yet

Forbes Tuesday, June 21, 2016

While millennials tend to crave a New York lifestyle, a recent survey finds that Philadelphia would actually be a much better place for them to live and work.

In a recent survey one-in-five Millennials said New York is their ideal city. Less than 1% said the same of Philadelphia. Ironically, however, the city of Ben Franklin and cheesesteaks outranks its more popular brethren when it comes to qualities the young purport to value.

Millennial-run apartment search site Abodo set out to determine what their generational-peers look for in a city to call home by surveying 2,000 people born between 1982 and 1998. Respondents rated 20 qualities on a 1 to 10 scale, with 10 connoting the highest importance.

It turns out, the top three qualities Millennials want in a city are economic in nature: a thriving job market (average score: 8.19), affordable rent (7.94) and affordable home prices (7.55). Beyond those core three, the ratings for quality of life metrics were fairly evenly dispersed. Rounding out the top third of the list were parks or hiking trails (6.52), non-chain restaurants (6.49) and quality pizza (6.11). Meanwhile, items ranging from top-rate public schools (6.07) to an LGBTQ-friendly environment (5.47) to access to music venues (5.38) all have above average ratings. In fact, the only quality not achieving a score greater than five was the presence of a local college or university (4.99)...

The company judged Philadelphia as the best city for Millennials in part due to solid marks on job market (the Philadelphia region’s unemployment rate was 20 basis points below the national average when the data was pulled) and average home prices (sale and rental) of at or below 30% of average income.

Original source: Forbes
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International company establishes U.S. headquarters in Philly

Philadelphia Business Journal Friday, May 20, 2016

Pruftechnik, global provider of high-quality testing and measuring systems for industrial maintenance, has decided on Philadelphia for it's United States base.

The German company will add 35 new jobs to region, investing $1.4 million in the project. The decision comes a few months after the Kenney Administration said Germany would be a focus of efforts to recruit international businesses to the city.

Pruftechnik's Philadelphia office will hold sales and management positions at a renovated building on Bartram Avenue. Pruftechnik Services, a subsidiary that provides specialized machinery services, will also reside in the city.

“The new operation enables Pruftechnik to bridge the gap between R&D, product management, international sales and production in Germany, and the end-user community in the United States," said Florian Buder, Pruftechnik's North American CEO. "The ‘factory direct’ approach makes us more customer-centric.”

Original source: Philadelphia Business Journal
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Suburban Chinatowns on the rise, including one in Exton

The Atlantic Friday, May 20, 2016

Chinese immigrants are increasingly gravitating towards suburban communities. This is both a result of urban core gentrification and shifting tastes. In the Philadelphia region, Exton has a booming Chinese population.

Leong says Chinatowns on the East Coast are becoming a lot less Chinese. He and a group of researchers from the University of Pennsylvania recently studied the Chinatowns of New York, Philadelphia, and Boston, and found that gentrification and rising housing costs were making it hard for blue-collar immigrants to live there. Their study found that in 1990, Asian residents comprised 45 to 75 percent of the three Chinatown neighborhoods. Twenty years later, they made up 42 to 46 percent. During that time, the white population doubled in Philadelphia and Boston’s Chinatown neighborhoods...

America’s new Chinatowns are basically strip malls in the suburbs, says Leong. The town of Exton, an affluent suburb of Philadelphia where the average home value is about $340,000, is a good example of one. During a recent visit, I noticed a handful of Chinese restaurants and grocery stores scattered among big-box retailers like Walmart and Toys “R” Us. In 2000, only six percent of Exton’s residents were Asian. Now, about 20 percent are. Many Indian and Chinese immigrants who live there work for big financial and pharmaceutical companies in the area.

Cheryl Wang, a risk analyst for a large U.S. bank, lives in Exton with her husband and their two children. She says about half of her neighbors are Asian and the other half are white. Wang, 42, is representative of many of the new Chinese immigrants: She has two master’s degrees, one in information sciences and the other in business administration, and has spent most of adult life in the Philadelphia suburbs. She avoids Chinatown at all costs. “Our backgrounds are very different—we speak different languages,” says Wang, who speaks Mandarin. “I really dislike [Chinatown]. It's not as clean as the suburbs and there are a lot of crowds.” Wang says she prefers the peacefulness of the suburbs, where, unlike in China, she doesn’t need connections to get her children into good schools.

Original source: The Atlantic
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Delivery app Favor lands in Philly

Philadelphia Business Journal Tuesday, April 12, 2016

Favor is the latest app-based delivery system to come to town. How will it handle the competition?

A Texas-based on-demand delivery app has come to Philadelphia, promising to deliver goods — including food from local restaurants — to residents in less than an hour, competing with companies already in the market like Instacart and Postmates.
Favor of Austin, Texas., launched in June 2013 and has since expanded to more than 20 cities across the United States with more than 10,000 so-called personal delivery assistants, or "runners."

"We've always been excited about Philly," said Ben Doherty, cofounder and COO. "I researched the market a long time ago, and I thought it was a really great potential place to launch."

"Overall, Philly is a dense market; it has lots of students and young working professionals," Doherty said. "That's generally who we focus on for our market."

Favor's runners will serve Philadelphia neighborhoods, including Temple University, University City, Northern Liberties, Fishtown, Fairmount, Center City and Old City.

The app connects customers to a runner, who will pick up and deliver "anything from tacos, to groceries, to your laundry that you’ve neglected to pick up," according to Favor.

"We do deliver anything you want," Doherty said. "That's a strong value proposition. Because they're personal assistants, they can act on your behalf and purchase anything you need."

Delivery times average about 35 minutes, according to the company. There is a flat deliver fee rate of $5 in Philadelphia plus 5 percent of the cost of the item ordered, Doherty said.

Original source: Philadelphia Business Journal
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Philadelphia named 'best place to retire without a car'

The Street Tuesday, July 29, 2014

Philadelphia named the top city in the country to retire in without a car.

If downsizing the empty nest, ditching the car and diving into vibrant, tightly packed city life are on a retiree's agenda, there's no time like the present to make that move. However, many of Walk Score's top cities -- New York, San Francisco, Boston, Washington and Chicago -- are also among the nation's most expensive. With an eye toward cutting costs, we took a look at some of the less expensive options listed. They're still near some of the costlier locales, but aren't quite as spendy...

[Philadelphia's] most walkable neighborhoods in Center City, the Old City and along the riverfront near Penn's Landing are pleasant enough, but the combination of easy transit access and building amenities such as markets, shops, bars and restaurant are bringing folks into Fishtown, Northern Liberties and South Philadelphia. Except for the extreme northeast, southwest and northwest corners of the city, about 95 percent of the city is easily accessible by means other than a car.

Transit ridership still has a way to go before it catches up to other cities along the Northeast Corridor, but retirees are joining young newcomers in places such as Manayunk and Kensington to take advantage of a city where the options are growing and the options for getting there are ample. Oh, and as is the case in Pittsburgh, the lottery keeps all public transit here free for seniors.

Original source: The Street
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NYC's beloved Big Gay Ice Cream coming to Philadelphia

Eater Tuesday, June 17, 2014

This New York institution is opening up a location on Broad Street. Oh, happy day!

Last night Douglas Quint and Bryan Petroff announced that they were bringing their beloved NYC ice cream shop Big Gay Ice Cream to Philadelphia....

As reported by Philly.com, Quint and Petroff will be opening at the SouthStar Lofts. They liked this location for the fact that it made them part of a "culinary neighborhood." "Something that we always try to do when we choose locations is make sure that we're amongst good company ... [In Philadelphia], we'll be in walking distance to Marc Vetri's restaurants, Kevin Sbraga's, and Jose Garces' restaurants." They've been working on securing the lease for the Philadelphia shop since the beginning of the year.

With an August or September opening, the Philadelphia location will be opening around the same time as the upcoming Los Angeles location. Petroff says that project got delayed due to some trouble with the city, but that construction will soon be underway. Petroff, who moved to Los Angeles recently, will be overseeing the LA build out while Quint works on getting the Philadelphia shop open.

Original source: Eater
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Philadelphia's population continues to rise

The Philadelphia Inquirer Tuesday, April 01, 2014

According to recently-released census data, Philadelphia's population continues to rise -- though the rate has slowed slightly.

The city's population as of July 1, 2013, stood at an estimated 1,553,165 people, an increase of 4,518 residents, or 0.29 percent from the previous year. It marks the seventh consecutive year of growth for the city, according to the Census Bureau’s population estimates. So the turnaround continues, but not as dramatically.

Philadelphia saw steep declines in the latter part of the 20th century as it continued to struggle with the loss of its industrial base. That trend continued into the new millennium. Indeed, the city’s population declined every year between 2000 and 2006, losing nearly 26,000 residents during the span. But since 2006, the city has added more than 64,000 people.

Original source: The Philadelphia Inquirer
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Drop in traffic on local highways speaks to broader societal changes

The Philadelphia Inquirer Tuesday, March 25, 2014

A drop in traffic on local highways indicates a change of habits in the metro area -- and could lead to a changes for infrastructure planners.

Before beginning a $2.5 billion project to widen the New Jersey Turnpike, turnpike officials said the construction was necessary to reduce existing congestion and to cope with future traffic.

"Turnpike traffic is on the rise," the state Turnpike Authority said in its justification for the project. "By 2032 northbound traffic volume is expected to increase by nearly 68 percent [above 2005 levels]; southbound traffic is forecasted to increase by 92 percent."

Now, one-third of the way through that 27-year forecast, turnpike traffic is actually about 10 percent lower than it was in 2005...

"The millennials are really changing the world dramatically," Hughes said. "We have a younger generation that is driving less and doesn't want to live in Valley Forge. They want to live in Center City Philadelphia."

"We had a 50-year period of unrestricted suburbanization, and now there's a dramatic shift."

Cars and driving are less important to young adults, who find that trains and buses allow them to work and socialize on mobile electronic devices, he said. That may mean fewer cars on future roads.

"Nobody was really anticipating this," Hughes said. "The models have to be recalibrated."

Original source: The Philadelphia Inquirer
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Huffington Post lists reasons Philly is 'most underrated city in America'

Huffington Post Tuesday, March 04, 2014

The Huffington Post has put together a list of the reasons Philadelphia is "the most underrated city in America." Sure, it's click-bait, but it's also kinda great -- soft pretzels, Eastern State, beer! And even a couple of things to snark about -- the Citywide Special is actually $5.

Original source: The Huffington Post
Read the complete list here.

Local organizations partner behind new slogan, 'PHL: Here for the Making'

CBS News Tuesday, February 18, 2014

The Greater Philadelphia Chamber of Commerce, the Pennsylvania Convention & Visitors Bureau and other partners are putting forth a new slogan for the city -- PHL: Here for the Making. They hope to encourage not only visitors but businesses to head to Philly.

Rob Wunderling, president and CEO of the chamber, says it sparks a new energy at the grass-roots level.

“We really believe that the citizens in the greater Philadelphia region want to make something happen here,” he says. “They want to make it here. It can be made here.”

Wunderling says 42 percent of the leads for companies considering coming to the Philadelphia region come from individual Philadelphians who reside here.

“So we want everybody to sing from the same page,” he says, “and that is truly we are here for the making.”

Original source: CBS News
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New York Times takes note of new Comcast tower

The New York Times Tuesday, February 04, 2014

The big Comcast tower news got Philadelphia some national press, including in the New York Times.

The influx of young technology employees to a building designed by a prestigious international architect is likely to encourage boosters of a city that has long harbored an inferiority complex because it lacks either the financial power of New York or the political clout of Washington.

“This new development really speaks to a more favorable outlook for the city,” said [Michael Silverman, managing director in the Philadelphia office of Integra Realty Resources].

The $1.2 billion building will create 20,000 direct and indirect jobs during construction, adding $2.75 billion to the local economy, according to Gov. Tom Corbett of Pennsylvania, who announced the project, along with Comcast officials, on Jan. 15.

Original source: The New York Times
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Hot Stuff: Sriracha plant coming to Philadelphia?

Philadelphia Business Journal Tuesday, December 03, 2013

According to the Philadelphia Business Journal, what once sounded like a joke -- the beleaguered Sriracha factory moving to Philadelphia -- is gaining some traction. Now that's some spicy news.

Philadelphia Councilman at-Large Jim Kenney is hoping to entice the company to move its plant to Philadelphia. When he heard that Huy Fong Foods was facing backlash from its Irwindale, Calif. neighborhood, Kenney made some headlines by saying the plant would be welcomed with open arms here in Philadelphia.

But now his invitation seems (at least a little bit) more serious. A judge ordered a partial shutdown of the Huy Fong Foods plant because of the stinky odors it emits into the neighborhood. In response, Kenney said he's looking for potential sites in the area where they can make sriracha sauce without the smell bothering neighbors.

Original source: Philadelphia Business Journal
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Adam Erace reps Philly's restaurant renaissance in the Guardian

The Guardian Tuesday, September 24, 2013

Local food critic Adam Erace wrote about Philadelphia's ascendent food scene in The Guardian -- and gave some credit to the latest wave of non-native chefs.

Formerly the chef of the trendsetting Torrisi Italian Specialties in Manhattan, [Eli] Kulp is part of a recent wave of acclaimed chefs who've moved from New York to start a new life in the city that has long lived in the Big Apple's shadow. His fellow expats can be found captaining Philly's hottest restaurants: Serpico, former Momofuku chief Peter Serpico's solo smash, and Vernick Food + Drink, a two-storey dining room in ritzy Rittenhouse Square from Gregory Vernick, a veteran of Jean-Georges Vongerichten.

The new cooks on the block are discovering what homegrown chefs such as Marc Vetri, authority on Italian cooking and owner of five restaurants, including Pizzeria Vetri have known for a long time: Philly's easy-going pace, small-town vibe and affordability make it a great place to live – and eat. Immigrants, whether from New York or much further afield, have always been the reason for this.

Original source: The Guardian
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Technorati talks Philly's uptapped tech talent

Technorati Tuesday, August 27, 2013

Rich Gorman talked to Technorati about the great potential for startups in Philadelphia.

You can get a lot of bang for your buck in Philadelphia. It’s considerably less expensive to start a company in Philly versus NYC or San Francisco. Rent, salaries, vendors, shopping, and entertainment are a fraction of what you would pay in more common tech start up areas. cost of living among the nation’s 20 largest metropolitan areas in the 3rd quarter of 2012, according to the American Chamber of Commerce Researchers Association.

"In Philadelphia, there’s a TON of talented people that are competing for a great career," Gorman continues. "In places like Silicon Valley, it’s the exact opposite; it’s cut throat in competing for talent." This, he explains, is why Silicon Valley startups are forced to take outside capital. In Philly it’s easy to bootstrap a company with no outside capital, preserving your shares early in the game.

Original source: Technorati
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It's Always Sunny in Philadelphia hits Comic-Con

Huffington Post Tuesday, July 23, 2013

The Philly-centric program It's Always Sunny in Philadelphia hyped its upcoming ninth season in San Diego. Sign us up for the "Flowers for Algernon" riff written by the men behind Game of Thrones.

"Always Sunny" cast members Rob McElhenney, Glenn Howerton, Charlie Day, Kaitlin Olson and Danny DeVito were on hand to answer fans' questions after screening the first episode of the new season, which is debuting on the FX spin-off network FXX in September.

Howerton said the new season will include episodes featuring Thanksgiving, "Lethal Weapon 6," a flu epidemic and an installment written by "Game of Thrones" co-creators David Benioff and D.B. Weiss titled "Flowers for Charlie."

Original source: The Huffington Post
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