August 2016

Economy: The Economy League of Philadelphia recently (July 13th) hosted their World Class 2016 event focused on developing initiatives that drive growth and opportunity in the greater Philadelphia market. That market is described as Southeastern Pennsylvania, Southern New Jersey and Northern Delaware.

The featured campaign “Selling to the World” offered some interesting facts on exports. “Only 5% of US companies export, and 58% of those export to only 1 market.” To learn more about the Economy League of Philadelphia, visit them at www.economyleague.org.

 

Our Region – These current facts about our region are provided courtesy of Select Greater Philadelphia.

* Largest % growth in millennials among the nation’s 30 largest cities.

* Lowest cost of living and lowest rental rate for class A office and industrial space in Northeast metro areas.

* The region’s top economic sector, by employment, is Education and Health Services at 27.39%

 

Legislative Note: Permits Certain Small Businesses to Qualify for EDA Loans – S-1030 (Weinberg/D-37)/A-1451 (Lampitt/D-6; Mosquera/D-4; Green/D-22): Senate committee passed. Permits small, women owned, or minority owned businesses located in certain areas to qualify for loans from EDA as if located in a designated urban center. For more information contact Laura Lalicon (laura.lalicon@njchamber.com). Provided courtesy of New Jersey Chamber of Commerce.

 

Local Development News – Courtesy of Builders’ League of South Jersey

Camden: Dranoff Properties is proposing to build a 156-unit apartment complex at the northwest corner of Cooper Street and Delaware Avenue, next to Campbell’s Field.

Pennsauken: Haddon Point Urban Renewal, LLC is proposing a redevelopment project involving approximately 200 apartment units in the first phase of the project at the site of the former Pennsauken Mart at the intersection of State Highways 73, 90 and 130.

 

Chamber News: Check our end of July newsletter for instructions to upload the Chamber app icon to your phone to make reserving for events, and access to the web site faster and easier.

 

We are “Stronger Together”.

Art Campbell

President/CEO