Friday April 21st, 2017 08:56:31 PM
Onconova Therapeutics’ stock price fell 15 percent Friday after the publicly traded Bucks County biopharmaceutical company, which is focused on developing cancer therapies, announced plans for a $5.2 million stock sale.The Newtown, Pa., company priced its offering of just under 2.5 million shares of common stock at $2.10 per share. Underwriters have been given a 45-day option to purchase an additional 364,000 shares to cover overallotments.Onconova’s stock closed at $2.11 a share, a 37 cent…
Friday April 21st, 2017 06:37:20 PM
Paul J. Gough
Pennsylvania's unemployment rate in March fell to the lowest level in nine years.The seasonally adjusted jobless rate was 4.8 percent in March, a drop of two-tenths of a percentage point from February and six-tenths of a percentage point compared to a year ago, according to data released Friday by the Pennsylvania Department of Labor and Industry. Local data will be released at a later date.The national unemployment rate is 4.5 percent.There were 17,000 more people employed and 9,000 fewer…
Friday April 21st, 2017 06:32:08 PM
The Pennsylvania Department of Revenue on Friday announced that it has launched a limited time tax amnesty program. Through the program, eligible individuals and businesses can apply through June 19 to pay past-due state taxes and have all penalties and half of the interest waived.The department estimated that there are 132,336 eligible taxpayers in Philadelphia – the most in the state. Act 84 of 2016 authorized a tax amnesty to net an estimated $100 million for the current year fiscal budget.Most…
Friday April 21st, 2017 04:21:27 PM
The "better burger" concept BurgerFi is continuing its Philadelphia expansion with the opening of its first on-campus college location through a franchise agreement with Aramark.BurgerFi, established in 2011, first launched in the Philadelphia market in February 2014 across the Pennsylvania Convention Center and the Reading Terminal Market. It's located next to the Panera Bread.BurgerFi's name was meant to reflect the company's involvement in the “better burger movement," according to the company,…
Friday April 21st, 2017 11:55:17 AM
The Philadelphia Theatre Company will not produce a 2017-2018 theater season.Instead, the company occupying the Suzanne Roberts Theatre on Broad Street intends to lie low for a year, while presenting performances and events by outside companies.PTC just hired a new producing artistic director, Paige Price, and she knew what she was getting into. The company, formed in 1974, has been on slippery financial footing for years, once nearly losing its theater to foreclosure. Price said it can’t keep…
Friday April 21st, 2017 11:00:09 AM
Staples has opened a distribution center at the Delaware River Industrial Park in New Castle, Delaware.The News Journal said the office supply retail giant is leasing 25,000 square feet of warehouse and office space at 6 Dockview Drive and will use the facility to serve its seven Delaware retail stores as well as online customers.Staples is the second new tenant to the Delaware River Industrial Park in 2017. American Training Driver Academy recently leased 4,685 square feet of office space and…
Friday April 21st, 2017 11:00:07 AM
Wells Fargo & Co. is launching a pilot to test an artificial intelligence-driven experience through Facebook Messenger.The San Francisco-based bank has hinted at incorporating financial services into third-party environments for a while now. Steve Ellis, head of Wells Fargo’s Innovation Group, talked about implementing banking tools in Facebook Messenger with the Charlotte Business Journal earlier this year.“It all comes back to making it easier for customers to do business with you,” Ellis…
Friday April 21st, 2017 10:00:05 AM
A Bucks County-based restaurant technology company has filed another one based in Atlanta.Doylestown-based Sicom Systems Inc., a provider of end-to-end solutions for quick-service and fast-casual restaurant, has acquired RTI, a Marietta, Ga.-based technology provider for QSR and fast-casual restaurants, Sicom announced Thursday.The combined new company will serve more than 25,000 restaurants globally in more than 38 countries. Financial figures were not disclosed.Sicom offers front-of-the-house…
Thursday April 20th, 2017 08:26:28 PM
The reaction of the beverage industry to the Philadelphia soda tax continues to be self-centered, hysterical, and dubious.Before looking at their claims, let’s keep in mind something very important: every tax has some negative consequences for some businesses. And, yes, it is a shame if some business absorbs some costs and a few people lose jobs as a result. But public policy has to be driven by the consequences for all of us. So, the question is not whether an individual business is hurt by…
Thursday April 20th, 2017 06:29:34 PM
Villanova University's new women's leadership institute will be headed up by the current leader of Rutgers University's Center for Women and Work.Villanova announced Thursday that Teresa Boyer, an alumna, will take on the new role of founding director for the Anne Welsh McNulty Institute for Women's Leadership. The institute was established this year through a $5 million gift from McNulty, the founder and managing partner at JBK Partners and a 1975 graduate of Villanova's College of Liberal Arts…
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Area Business News From The Posts
New Florist Shop Owners Search For Artisans
Flowers By Colleen will occupy a building now being renovated at 2296 E. High St., Sanatoga
SANATOGA PA – The owners of Flowers By Colleen, a new Sanatoga florist shop now under renovation at 2296 E. High St., are looking for selected local artisans interested in selling their made-in-the-U.S. works on consignment as part of the retailer’s gift offerings, they recently announced on their Facebook page.
Owners Colleen and Richard Rodgers of Pottstown expect the shop to open when work on the building is complete, but the company is already conducting business from a virtual store online. To discuss prospective consignments or floral needs, contact Colleen by e-mail, here.
At the Sanatoga location, their business sign has been erected, new doors and windows are installed, and the exterior has been painted in an eye-catching blue and yellow theme. Parking for vehicles driven by the disabled also has been added. Necessary plumbing, signage and electrical permits for some of the work were issued by Lower Pottsgrove late last year.
Colleen Rodgers has worked in floral design for more than 30 years, and for 14 years has been a special events designer for globally-known Longwood Gardens in Kennett Square PA. Flowers By Colleen will specialize in offering clients one-of-a-kind floral pieces and other merchandise for weddings, celebrations, corporate and business activities and seasonal events, according to its website.
Top photos by The Post; Colleen Rodgers’ portrait from Facebook
Virtual Campus Earns National Recognition
BLUE BELL PA – Montgomery County Community College’s Virtual Campus has received national attention after earning its first “Learning! 100” award from Elearning! magazine late last year.
The award recognizes innovative learning programs in public and private sectors across the country. The college ranked 24th in the public sector category and was specifically recognized for the comprehensive process through which faculty members design and refresh online courses.
“The refresh process is one of checks and balances. Faculty evaluate their courses to ensure they are meeting their intended goals, while providing the appropriate level of work for their students,” according to virtual campus Director Kelly Trahan. About 95 percent of more than 300 virtual campus courses now offered have been refreshed, she added.
During the Fall 2015 semester, 3,654 students were enrolled in online and hybrid courses through the Virtual Campus; an increase of almost 6 percent over the previous year. Courses are offered in flexible seven-, 10- and 15-week sessions, as well as a 21-day winter session.
Composite image from Montgomery County Community College
Ambler Savings Taps Dean For Business Lending
Commercial Lending VP John H. Dean, and the Limerick branch of Ambler Savings
LIMERICK PA – John H. Dean has been named by Ambler Savings Bank, which operates a branch office at 438 W. Ridge Pike, as its vice president of commercial lending, the company announced Thursday (Dec. 3, 2015). He will be responsible for expanding its small business relationships, and grow the bank’s Small Business Administration lending program.
Dean arrives at Ambler with more than 30 years of experience at several financial institutions, ranging from larger regional banks to local community banks in the greater Philadelphia area, the bank said. During his banking career, Dean has been responsible for business development, credit underwriting, loan presentation, loan settlements, and maintenance of a commercial loan portfolio.
Outside of the bank, Dean is a volunteer with the Boy Scouts of America – Cradle of Liberty Council. He is an advisory board member and finance chairman of the Sisters of St. Joseph Welcome Center, and a member of the Board of Observers and Alumni at Muhlenberg College.
Photos from Ambler Savings Bank and Google Maps