WELCOME TO MOMENTUM, a quarterly publication from Partners for Success, a collaborative of organizations with the common objective of celebrating the stories that make us proud of Pottstown. We salute the residents, business owners, and other stakeholders making Pottstown better every day. In Momentum, you’ll discover stories about business development; recreation and healthy lifestyles; education; and arts and culture.
Three groups of developers have pitched plans for converting the 72-year-old Family Court building at 18th and Vine Streets into a luxury hotel, raising expectations for another big investment in an area undergoing major change.
In plans submitted to the city Wednesday, each group was aligned with a hotel operator. They are:
Fairmont Hotels & Resorts, teaming up with Logan Square Holdings, a limited partnership that counts the Goldenberg Group of Philadelphia among its five investors.
Though the local economy is still struggling, Berks County is recovering jobs that were lost in the recession faster than most metropolitan areas across the country, according to a new report.
By the end of 2012, Berks is expected to have regained 73.2 percent of the 10,100 nonfarm jobs that disappeared during the recession from December 2007 to June 2009, according to the analysis by IHS Global Insight, an international financial forecasting company.
That means the Reading metro area is 54th from the top out of 363 metro areas in terms of the percentage of pre-recession jobs recovered.
HARRISBURG, PA – The Corbett administration hopes to promote business growth by taking advantage of low-interest bond rates and having more flexibility to move funds among different state economic development programs to meet evolving needs.
The administration wants to create a Liberty Financing Authority to oversee this initiative. The authority idea surfaced shortly after Gov. Tom Corbett took office last January, but it was left out of state budget negotiations after lawmakers of both parties raised concerns about it.
Now the proposal is getting a second wind with more details ironed out and lawmakers more receptive to it. The shift in attitude was noticeable when Alan Walker, secretary of the state Department of Community and Economic Development, testified about the authority recently before the Senate Committee on Community, Economic and Recreational Development.
The proposal contained in a Senate bill would combine nine existing state authorities and programs under a single authority with the ability to sell bonds to investors to generate revenue and shift available funds around to meet demand by businesses for financing.
It was a quote about the area’s manufacturing’s legacy that would resonate throughout the year across Washington County.
When French-based Alstom Grid officially opened its new 25,000-square-foot disconnect switch manufacturing plant in Speers Industrial Park in early March, Dennis Yablonsky, chief executive officer of Allegheny Conference on Community Development and the Pittsburgh Regional Alliance, succinctly summed up the company’s decision to add another operation to its high-voltage circuit-breaker plant here.
“We still make things here,” Yablonsky said, noting that within the Pittsburgh region there are 188 companies employing more than 10,000 people working in power management and distribution.
The Sustainable Communities grant was announced at a news conference this morning by Jane Miller, director of the HUD’s Pittsburgh field office.
The money will help local officials launch “Destination Erie,” which is described as a master plan for the future of Erie and the surrounding region, including Crawford, Venango, Warren and Clarion counties.