Good News to Amplify - Recent Business Attraction and Expansion Wins!

We’re excited to share some incredible developments and achievements that highlight the region’s growing appeal in various industries via our monthly Momentum newsletter. Here's a recap of our October 2024 issue. Sign up to receive Momentum via email here!

In October, we highlighted stories showcasing how Greater Philadelphia continues to attract top companies and foster economic growth in various key industries from manufacturing to life sciences. Read on to learn more about the latest news and initiatives driving our region forward.

Alstom’s New Philadelphia Project Office Highlights Region’s Manufacturing Industry Appeal

?? With a prime East Coast location, a highly skilled workforce, world-class research institutions, and a supportive business ecosystem, it’s clear why top manufacturing companies like Alstom are choosing Greater Philadelphia for their business growth. #SelectGreaterPhiladelphia #GoodBizPHL #PAGetsItDone

Full Article: https://selectgreaterphl.com/2024/10/greater-philadelphias-assets-a-magnet-for-manufacturing-businesses/

CDMO Nucleus RadioPharma Partnering with Fox Chase Cancer Center on New Manufacturing Facility in Pennsylvania

?? CDMO Nucleus Radiopharma, in partnership with Fox Chase Cancer Center, is planning to build a state-of-the-art manufacturing facility at Springhouse Innovation Park in Montgomery County, PA. This development is a significant win for the Commonwealth and the entire Greater Philadelphia region.

Full Article: https://www.fiercepharma.com/manufacturing/radiopharma-cdmo-nucleus-lays-out-plan-boost-manufacturing-will-increase-access

Adare’s Headquarters Move to Pennsylvania Highlights State Support for Life Sciences

?? Exciting News for Greater Philadelphia’s Life Sciences Sector! ?? Adare Pharma Solutions’ headquarters relocation to Philadelphia is a nod to the region’s key assets and attractiveness as a place to do business. #SelectGreaterPhiladelphia #GoodBizPHL #PAGetsItDone

Full Article: https://selectgreaterphl.com/2024/10/adares-headquarters-move-to-pennsylvania-highlights-state-leaders-support-for-life-science-industry/

PhilaPort’s New Strategic Plan Boosts Greater Philadelphia’s Economic Development

PhilaPort’s new 15-year strategic plan aims to enhance infrastructure, create nearly 9,000 direct jobs, and generate over $2.84 billion in new business revenue, significantly benefiting Greater Philadelphia’s economy.

Full Article: https://pennbizreport.com/news/29475-philaport-unveils-15-year-strategic-plan-to-bolster-infrastructure-development/

Greater Philadelphia Now Ranks No. 8 U.S. Life Sciences Cluster

According to JLL’s annual analysis, Greater Philadelphia now ranks as the #8 U.S. life science cluster, moving up one spot from last year and surpassing New York City.

Full Article: https://www.bizjournals.com/philadelphia/news/2024/10/02/life-sciences-cluster-philadelphia-ranking-jll-bio.html

We hope you enjoyed this update! Stay tuned and subscribe to get the latest updates on company expansions, groundbreaking developments, and economic progress in our region.