In The News

Center City looking good for retailers, with annual retail demand at $710.9M

Shopping Center Business Tuesday, February 14, 2012

Shopping Center Business takes a stroll through Center City Philadelphia, finding a bright spot for U.S. retailers via redevelopment and growing assets.

Meanwhile, Walnut Street -- Center City’s high street shopping district -- and its surrounding streets continue to pick up additional retailers who want to capture the city’s affluent residents (Philadelphia has the third largest CBD residential population following New York and Chicago). Center City District estimates that a business located on the 1400 block of Walnut Street can expect to see an average of greater than 2,000 people per hour. The Center City District estimates retail demand within one mile of City Hall is $710.9 million per year. Center City has a population of nearly 180,000, 73% of which have at least a bachelor’s degree.

Original source: Shopping Center Business
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Chester County's Organic Mechanics makes money on dirt

Entrepreneur Tuesday, December 20, 2011

Mark Highland and Organic Mechanics, operating in the tiny Chester County borough of Modena, are achieving success by shaking up the huge specialty soils market.

Founded in 2006, Organic Mechanics is now profitable and will pay off one of its first low-interest business loans this year. The seven-employee firm, which started with just one product, now sells nine different SKUs on the East Coast and in the Midwest at independent garden centers and Whole Foods Markets.

Instead of peat, Organic Mechanics' mixes contain compost, which Highland says requires less watering and is reusable for a second season, another green aspect attractive to serious gardeners.

Original source: Entrepreneur
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Sales, offerings up for West Chester electric bicycle retailer

Daily Local Tuesday, October 18, 2011

The owner of Hybrid Cycles on East Gay St., West Chester, has added another line of electric bicycles and reports that sales are up 80 percent, reports the Daily Local.

At Hybrid Cycles, President Gary DiVincenzo said sales of electric bikes -- he sells four lines altogether -- are up 80 percent so far this year. Even so, electric bikes are in their infancy in the U.S. compared to the rest of the world, and the East Coast is about two years behind the trend compared to the West Coast, DiVincenzo said.

"There were 20 million (electric bikes) sold in China last year, 1 million in Europe and 125,000 in the U.S.," said DiVincenzo, a former pharmaceutical industry worker who spent 10 years doing custom woodworking before starting Hybrid Cycles.

Original source: Daily Local
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BioTube: Nonprofit Energy Cooperative's video contest encourages bioheat use

Biodiesel Magazine Tuesday, October 04, 2011

The Energy Cooperative wants to increase awareness of bioheat through a video contest, according to Biodiesel Magazine.

The Energy Cooperative, a Philadelphia-based member-owned nonprofit, has launched an initiative to encourage the use of Bioheat. To kick off the Clean Heat initiative, The Energy Co-op is holding a Clean Heat video contest. Members of the group submitted videos of their experiences using Bioheat. The Energy Co-op will use these videos as a way to promote the use of the biodiesel-blended heating oil, as well as create more awareness of the renewable heating fuel. The contest is scheduled to conclude on Oct. 20.

Source: Biodiesel Magazine
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Mural Arts Month, of course, means rooftop dancing

Los Angeles Times Tuesday, October 04, 2011

October is Mural Arts Month, with 31 days of art activities and celebrations, as told by the Los Angeles Times.

Art is in the air in October as Philadelphia celebrates many of its more than 3,500 murals during Mural Arts Month.

What began in 1984 as part of the Philadelphia Anti-Graffiti Network has blossomed into the Philadelphia Mural Arts Program. Muralist and founder Jane Golden redirected the energy and creativity of graffiti artists from marring neighborhood walls into murals, and the program now gives birth to about 150 murals a year.

Highlights of "31 Days, 31 Ways: Art Ignites Change" include mural dedications, outdoor celebrations and free tours.

Source: Los Angeles Times
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Georgia biofuel company moving to King of Prussia, hiring 150 in three years

BusinessWeek Tuesday, October 04, 2011

Renmatix, a company that creates biofuel from sugar, is setting up shop in King of Prussia, according to BusinessWeek.

Gov. Tom Corbett traveled to suburban Philadelphia on Tuesday to welcome a biomass energy company that plans to move its headquarters from Georgia and create 150 jobs over the next three years as it tries to develop ways to turn products such as wood and waste into fuel.

Venture capitalist John Doerr moderated a discussion of alternative energy inside the warehouse building that Renmatix -- which has another facility in Kennesaw, Ga. -- will be calling home.

The company is developing ways to access the fermentable sugars that are the foundation of biofuels. The effort, along with other alternative energy efforts, are all part of helping the country become less dependent on foreign oil, Doerr said.

Source: BusinessWeek
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PMN news tablets "performing well within expectations"

News & Tech Tuesday, October 04, 2011

Consumers initially seem to be taking to Philadelphia Media Network's $99 bundled tablet and digital subscription offer , according to News & Tech.

Just weeks after Philadelphia Media Network put its faith in an Android tablet device to help it flex its digital marketing muscle, the publisher said the initiative is gaining traction.

"It's performing well within our expectations," Yoni Greenbaum, PMN's vice president and general manager, digital, told News & Tech.

Source: News & Tech
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Why OpenDataPhilly's different approach works

GovFresh Tuesday, September 27, 2011

Philadelphia's approach to making government data public differs from other efforts around the country, and it's paying off, according to GovFresh.

Several months ago, with the unveiling of the OpenDataPhilly website, the City of Philadelphia joined the growing fraternity of cities across the country and around the world to release municipal data sets in open, developer friendly formats. But the City of Brotherly Love did things a bit differently than most of its contemporaries.

The city actively partnered with outside parties, private firms, not-for-profits and universities to help set the direction of the city’s open data efforts. The OpenDataPhilly website itself, although it’s brimming with data collected and maintained by the city, was developed by the geospatial and civic application firm Azavea, and is not hosted or operated by the city. The website, and the larger open data effort in Philadelphia, operates under the stewardship of a group made up of both public sector and private sector partners.

Source: GovFresh
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Kensington firm restoring 1930s steel house from Connecticut

Associated Press Tuesday, September 27, 2011

A steel house built in the 1930s will be transported panel by panel from Connecticut to be restored by Milner + Carr, according to the Associated Press.

Shedding paint flakes the size of dinner plates, the rusty steel house huddled in a corner of Connecticut College's campus appeared for years to be more of an eyesore than a historic treasure.

As one of few 1930s steel houses of its type still standing nationwide, though, the prefabricated cottage holds a pedigree on par with many better-known architectural jewels — and now it's getting its chance to shine again.

A crew of restoration specialists spent much of the past week dismantling the boxy two-bedroom, 800-square-foot structure and meticulously marking each piece to be sent to a Philadelphia conservation firm.

Source: Associated Press
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Philly's finest farm-to-table offerings

OffManhattan Tuesday, September 27, 2011

Local restaurants are getting a reputation for farm fresh ingredients, according to OffManhattan.

To taste the freshest produce in the region, you can shop one of the city’s many farmers market, haul your selections back home, and crack open a cookbook. Or you can take the effortless route, and settle into one of the top farm-to-table restaurants in Philadelphia.

Uniquely positioned between ‘Jersey Fresh’ territory and Amish Country, Philly offers its chefs an impressive variety of local, seasonal ingredients from which to craft their award-winning menus. And diners will be excited to know that much of this produce makes its way from farm to plate just one day after harvesting. Yes, the peppery radishes and buttery greens in your appetizer salad may have been plucked from the dirt just hours ago.

Source: OffManhattan
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Flourtown man's startup online bookstore creates jobs, scholarships

The Chestnut Hill Local Tuesday, September 27, 2011

A Huntingdon Valley online bookseller with a socially conscious focus, Education By Inclusion recently gave a $40,000 scholarship to a Camden, NJ resident, according to The Chestnut Hill Local.

Who would have thought that reselling books and electronics could be such a lucrative business and result in scholarship money for needy students? Flourtown resident Chetan Bagga, a Columbia University graduate, ran the numbers and started Education by Inclusion (EBI) about a year ago.

The home page of their web site offers this comment to customers. "We are a socially conscious online bookstore with a simple promise -- everything you buy contributes to a deserving student’s education. This year, you’ve made over 100,000 purchases toward scholarships. We sincerely thank you! Let’s keep the momentum going."

Source: The Chestnut Hill Local
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UPenn research successfully 'trains' immune system to defeat cancer

The New York Times Tuesday, September 20, 2011

New findings at The University of Pennsylvania may signify a turning point in the long struggle to develop effective gene therapies against cancer, according to The New York Times.

A year ago, when chemotherapy stopped working against his leukemia, William Ludwig signed up to be the first patient treated in a bold experiment at the University of Pennsylvania. Mr. Ludwig, then 65, a retired corrections officer from Bridgeton, N.J., felt his life draining away and thought he had nothing to lose.

Doctors removed a billion of his T-cells -- a type of white blood cell that fights viruses and tumors -- and gave them new genes that would program the cells to attack his cancer. Then the altered cells were dripped back into Mr. Ludwig’s veins.

Source: The New York Times
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Used appliances from all over come to Philly for recycling

Gizmodo Tuesday, September 20, 2011

A Philadelphia facility's 40-foot high UNTHA Recycling System can process up to 150,000 used refrigerators a year, reports Gizmodo.

Back in the day, your old refrigerator wasn't thrown away after a new one was purchased. It was refurbished and resold, again and again, until the doors fell off (then it was sold again). Now? Now they get shredded.

As of late, most refrigerators are no longer repaired after their first service run and are simply destroyed—releasing massive amounts of CFCs from the insulating foam—and the other 55 pounds or so of their remains dumped into a landfill. Now, GE and Home Depot are teaming with the EPA and the Appliance Recycling Centers of America (ARCA) to lead the charge to recycle these appliances in the greenest way available—by feeding them to this fridge-shredding behemoth.

Source: Gizmodo
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SAP still sitting on top of the enterprise software world

The Globe and Mail (Canada) Tuesday, September 13, 2011

Despite challenges in court and changes in management, enterprise software giant SAP remains at the top of its game, according to The Globe and Mail.

It’s been a tumultuous two years for German technology giant SAP AG. Its CEO was dismissed in the face of poor numbers, and two new co-CEOS were appointed. It was ordered to pay $1.3-billion (U.S.) in penalties after an SAP unit stole trade secrets from rival Oracle Inc. But now things are breaking SAP’s way. A U.S. judge last week rejected the damages as ‘grossly excessive’ and recommended Oracle get $272-million – or seek a fresh trial. And 39-year old SAP – with annual revenue more than €12-billion ($16.8-billion) – is still on top of the enterprise-software world. At the centre of the whirlwind is co-CEO Bill McDermott, a rangy hoops-shooting U.S. marketer who operates out of suburban Philadelphia. He was interviewed the day before the judge’s decision.

Source: The Globe and Mail (Canada)
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KOP Sharepoint providers NextDocs raises $10.3M

TechCrunch Tuesday, August 30, 2011

King of Prussia based NextDocs raises $10.3 million to provide Microsoft SharePoint to life sciences, according to TechCrunch.

NextDocs, a company that sells Microsoft SharePoint based software for the life sciences industry, has raised $10.3 million in a Series A financing from OpenView Venture Partners.

NextDocs helps life sciences companies of leverage SharePoint-based document and management software.The company actually customizes SharePoint for companies in the pharmaceuticals, medical device and biotech industries. NextDocs actually has over 100 customers across the life sciences industry (including five of the ten largest pharmaceutical companies in the U.S.).

Source: TechCrunch
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