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February 2011

http://www.selectgreaterphiladelphia.com/

Dear Readers,

We're in the process of enhancing Momentum to better serve new and legacy mobile and desktop browsers.

We hope to have this update completed soon. In the interim, please take note of the key regional news items below.

-Bryan Evans, Director of Publications

Urban Outfitters to Expand at Navy Yard

Urban Outfitters will acquire and redevelop two Navy Yard buildings totaling more than 100,000 square feet, investing about $30 million in the expansion. This transaction will allow Urban Outfitters to expand their operations—currently housed in six Navy Yard buildings—and to add an additional 1,000 permanent employees at The Navy Yard over the next three years in addition to construction positions. The company currently has 1,200 permanent employees at its corporate headquarters

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GlaxoSmithKline to Relocate at Navy Yard

GlaxoSmithKline (GSK), a leading worldwide research-based pharmaceutical company with Philadelphia operations, will consolidate their operations and move their Philadelphia corporate headquarters to The Navy Yard Corporate Center.

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CHOP and VIRTUA form partnership

The Children's Hospital of Philadelphia (CHOP) and Virtua, South Jersey's largest healthcare provider, have developed a partnership that will provide pediatric services at Virtua's facilities in Mount Holly and Voorhees, New Jersey. As part of the partnership, CHOP-employed physicians will provide care in Virtua's inpatient pediatric units and its pediatric intensive care unit (PICU) as well as providing pediatric emergency care in its emergency departments.

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Campus Philly Online Internship Fair — Feb.28–Mar.6

Campus Philly's annual Spring Online Internship Fair will take place from February 28th — March 6th . Employers interested in recruiting summer interns are encouraged to participate. Campus Philly works with its 27 partner colleges and universities to promote the online event. Last year, over 1,600 students participated, vying for 600 internship positions. Participating in the online fair couldn't be easier. Employers can visit www.campusphilly.org/careers and click on "I Need an Intern". It's absolutely FREE and is the fastest way to connect with hundreds of talented, motivated and dedicated students eager to gain work experience and help your business grow. Post your opportunity online today and hire a summer college intern!

For questions, please contact Alethia Calbeck, Director of Retention Initiatives at 215.988.1707 ext 104 or at Alethia@campusphilly.org.

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Port of Philadelphia's 2010 Cargo Statistics Show Big Gains

A recovering national economy, in conjunction with a variety of new business relationships established at the Port of Philadelphia in 2010, has resulted in a sizable gain in overall tonnage last year compared to 2009 levels.  With 3,644,919 metric tons of cargo handled in 2010 compared to the 3,107,067 tons of cargo handled in 2009, overall tonnage at the Port of Philadelphia was up 17% last year, according to officials of the Philadelphia Regional Port Authority (PRPA).

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Rich Chapas named state project director for Delaware EPSCoR

After a nationwide search, Richard B. Chapas has been appointed the next state project director for the Delaware Experimental Program to Stimulate Competitive Research, or Delaware EPSCoR. He succeeds Stephen Borleske in the position.

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INVESTOR HIGHLIGHT: Drexel University: Committed to Growth and Collaboration in Greater Philadelphia

Since its founding in 1891, Drexel University has remained faithful to the vision of its founder, Philadelphia financier and philanthropist Anthony J. Drexel, who with the establishment of the Drexel Institute of Art, Science and Industry launched an institution of higher learning uniquely suited to the needs of a rapidly growing industrial society and of the young men and women seeking their place in it.

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