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2018 Philadelphia Venture Report

The PACT 2018 Philadelphia Venture Report is now available, powered by PitchBook Data and breaking down all key trends in the Philly MSA from last year.

For the fifth year in a row, the Philadelphia MSA venture ecosystem closed in on nearly 200 transactions. However, 2018 set its own record, seeing nearly $1.4 billion invested—eclipsing the prior high of $1.1 billion handily. Median financing sizes also remained relatively healthy as opposed to inflated, signifying a sustainable financing environment. Although larger rounds are occurring more frequently than in the past, as over 60% of all capital invested in the Philly MSA in 2018 was […]

March 11: CEO Council Recap

Members of the Greater Philadelphia regional Congressional Delegation joined the CEO Council for Growth (CEO Council) at Independence Blue Cross on Monday, March 11 to discuss and identify opportunities for advancing key regional and legislative priorities. In addition to the CEO Council, the meeting convened members of the Chamber’s Executive Committee; Policy, Research, and Legislative Committee; and the Regional College and University Presidents Alliance.

Congressional Members in attendance were:

  • Senator Robert Casey (D–PA);
  • Congressman Dwight Evans (D–PA);
  • Congresswoman Chrissy Houlahan (D–PA);
  • Congressman Donald Norcross (D–NJ);
  • Congresswoman Mary Gay Scanlon (D–PA); and
  • Congressman Lloyd Smucker (R–PA).

Each year, this meeting provides a forum […]

SEPTA Awarded $15 Million Grant for 30th Street Market-Frankford Station

The Southeastern Pennsylvania Transportation Authority (SEPTA) will receive $15 million federal grant to modernize infrastructure and improve passenger access at its 30th Street Market-Frankford Station. The grant, which the CEO Council for Growth enthusiastically supported, will be made through the U.S. Department of Transportation’s Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program. The grant will fund approximately 39 percent of the $38 million project, and will leverage more than $23 million in additional state, local and private funds, including a $2 million commitment from Brandywine Realty Trust.

Served by the Market-Frankford Line and five Trolley Lines, SEPTA’s 30th […]

CEO Council for Growth Calls For Release of Appropriated Funds

The CEO Council for Growth is a founding member of the Coalition for the Northeast Corridor (CNEC), a multi-stakeholder coalition advocating for increased infrastructure spending along Amtrak’s Northeast Corridor (NEC). The CEO Council works in collaboration with a spectrum of transportation and business community stakeholders that rely on the corridor to conduct commerce, create jobs, and drive the U.S. economy forward.  The Coalition is a regional and national advocacy effort led by market participants that benefit most from a strong, vibrant, safe, and reliable NEC. The CEO Council is proud to work with our regional congressional […]

Philadelphia International Airport to Provide Exclusive Service to 2 European Destinations

American Airlines, which controls nearly 70% of the air traffic at PHL, announced its plan to expand its services beginning in 2019 with daily service from Philadelphia to: Berlin, Germany; Bologna, Italy; Dubrovnik, Croatia; and Edinburgh, Scotland.

Philadelphia International Airport will be the only North American airport to provide direct flights to Bologna and Dubrovnik. These new additions strengthen Philadelphia’s connection to fellow UNESCO World Heritage cities, and will only help to continue visitation growth.

According to the Philadelphia Business Journal, American Airlines officials are excited for the future of PHL. The airline “reiterated PHL is a key trans-Atlantic gateway for […]

Career and Technical Education Reauthorization Signed Into Law

On July 31, President Trump signed into law one of the most significant education bills of his Administration, the Strengthening Career and Technical Education for the 21st Century Act. The bill will overhaul career and technical education programs across the U.S. by providing funding for job training and related programs for high school students, many of whom may be seeking postsecondary options other than a four-year college degree, as well as for students in higher education.

The new law reauthorizes the Carl D. Perkins Career and Technical Act (Perkins Act) for the first time since 2006. The CEO Council has long […]

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