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NEWS
October 31, 2015 | By Kristen A. Graham, Inquirer Staff Writer
The firm that has struggled to fill Philadelphia's substitute-teaching vacancies said Thursday that it will pay more in an effort to attract more workers. Source4Teachers will now pay certified teachers who previously worked for the school system $160 per day, up from $110. Long-term certified subs will make $200 per day, up from $140. For those new to the system, the rates jump to $140, $160, or $180 per day, depending on subject area taught, from $110, $125, and $140. The Cherry Hill-based firm was awarded a two-year, $34 million contract to manage substitute services beginning in September.
NEWS
October 25, 2015 | By Mark Fazlollah, Inquirer Staff Writer
Federal prosecutors made a sharp turn Friday afternoon in the bank- and tax-fraud trial of Chaka "Chip" Fattah Jr., portraying him as a budding executive being groomed as the "right-hand man" of a Philadelphia School District contractor. Earlier in the week, government witnesses focused on his throwing huge Super Bowl parties, enjoying fancy clothes, and spending afternoons lounging on his couch, eating pizza and watching Law and Order . But on Friday, government witness Mattie Thompson told the jury of his managing school budgets, finances, grants, and banking for Delaware Valley High School Inc., a now-defunct for-profit network of schools for students with disciplinary problems.
NEWS
October 23, 2015 | BY JOHN F. MORRISON, Daily News Staff Writer morrisj@phillynews.com, 215-854-5573
ARCHITECTS FROM Frank Lloyd Wright to Frank Gehry have always been a rare breed, as aloof and self-centered as Ayn Rand's Howard Roark. Frank Vitetta understood this very well. He realized that to many architects, marketing their services is beneath them. "Architects often put the aesthetics of their profession ahead of marketing," he told a class of architectural students at Temple University in 1994. "For many, marketing has always been a no-no, and some may still feel it is inappropriate.
BUSINESS
October 17, 2015 | By Jacob Adelman, Inquirer Staff Writer
Resmark Land and Housing of Los Angeles has become an equity partner in the redevelopment of South Philadelphia's Mount Sinai Hospital site into 95 townhomes, it said on Friday. The division of the Resmark Cos., a private equity firm, has formed a joint venture on the project with the Bethesda, Maryland-based Concordia Group and Philadelphia's D3 Developers. Sales at the project, called Southwark on Reed, will begin later this year, with first occupancies expected in spring. Resmark said last year that it was joining the Mignatti Cos. to develop housing for the Waterside mixed-use project on the banks of the Delaware River in Bensalem Township.
BUSINESS
October 17, 2015 | By Jane M. Von Bergen, Inquirer Staff Writer
Saying that he's better equipped to create and build a business than scale it up, Vertex Inc. chief executive Jeff Westphal told his 900 employees Thursday that he would step aside as CEO in favor of the tax software company's executive vice president, David DeStefano. The change will occur in phases, starting Jan. 1, when DeStefano, 52, becomes president and Westphal, 53, takes over as chairman of the Berwyn company founded in 1978 by his father. The following January, DeStefano will become chief executive.
NEWS
October 17, 2015 | By Allison Steele, Inquirer Staff Writer
The state Economic Development Authority on Thursday approved $9.4 million in tax credits to the Winslow branch of the Eggo Co., a subsidiary of Kellogg, for an expansion, as well as $5 million for a laundry company to move from Bellmawr to Camden. The authority also approved $5 million in tax breaks for public housing in Camden's Centerville neighborhood and signed off on transferring the rights of a 16-acre parcel of Camden's waterfront to Liberty Property Trust, the powerhouse developer that last month announced plans to build offices, homes, and a hotel on the land.
NEWS
October 16, 2015 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
SUPERINTENDENT William Hite has just about had it with the outsourcing firm Source4Teachers. The Cherry Hill firm "guaranteed" improvement this fall in the district's fill rate - the percentage of vacant classrooms covered by substitute teachers - over the previous system run by the Philadelphia Federation of Teachers. The company said its rate would be 75 percent by the start of school and 90 percent in January. That guarantee fell apart from the first week of school when the Source4Teachers fill rate was about 11.5 percent.
BUSINESS
October 14, 2015 | By Jonathan Takiff, Inquirer Staff Writer
If Electronic Ink had done the presentation on "data visualizing" to the board of a fictional law firm on the hit TV show The Good Wife , maybe cranky elder partner Howard Lyman wouldn't have thrown up his arms in dismay, declaring "I don't see the use!" On the Oct. 4 broadcast, the firm's young name partner Cary Agos suggested that the partners "listen to new ideas" like working with visual depictions of their workflow "to communicate complex multivariable data" that anyone can grasp.
NEWS
October 10, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brennan Investment Group has purchased Markel Corp.'s 168,000-square-foot headquarters and production facility in Plymouth Township, the Chicago-based real estate investment firm said in a release on Thursday. Brennan will lease the space at 435 School Lane back to Markel, a provider of fluoropolymer products to the automotive, communications, environmental, and industrial markets, according to the statement. The company did not immediately respond to a phone message seeking details of the purchase price.
NEWS
October 10, 2015 | By Jacob Adelman, Inquirer Staff Writer
Adaptimmune, an Oxford, U.K.-based biopharmaceutical company, has moved its U.S. operations from the University City Science Center and will relocate to a new facility at the Philadelphia Navy Yard, the company said Friday. The 47,400-square-foot building being developed by Liberty Property Trust and Synterra Partners will accommodate a manufacturing plant and Adaptimmune's U.S. headquarters, according to the company, which focuses on cancer therapies. The new facility, which will enable Adaptimmune to increase its staff by 110, is scheduled to be completed in late 2016, chief executive James Noble said in the release.
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