December 11, 2012 |
I'm fascinated by start-ups because of the sheer amount of energy on display within them. By their nature, those who start businesses are optimistic souls, believing they have the solution, or at least a better one, to some problem. If they have sold others on that vision, founders can attract the talent and capital needed to turn those ideas into reality. But few new firms are truly high-growth enterprises, which are as prone to frenetic expansions as they are to spectacular implosions.
October 27, 2012 |
The Nutter administration is expected to announce Friday two initiatives, including a seed-capital fund aimed at supporting the city's growing entrepreneurial community. Through the Philadelphia Industrial Development Corp., the city intends to invest up to $3 million in a new "Startup PHL Seed Fund," which would be managed by an outside professional investment firm. That money would need to be matched by private investors at least dollar for dollar, according to a request for proposals that the city intends to issue.
October 26, 2012 |
It didn't take long for the expat community to discover that Pat and Seiko Dailey had opened a Japanese market by the Narberth train tracks. Finding the place was another matter. "People used to call us and we'd have to talk them in, like aircraft controllers," Pat says. "Because no thoroughfare goes through town. " When he thought about the borough he chose for his business in 2003, Shangri-la came to mind - that mythical place, untouched by time and totally isolated. "It is hard to find," says Tracy Tumolo, owner of Sweet Mabel, a folk-art shop at the foot of the Narberth Avenue Bridge.
October 24, 2012
For years, joggers, walkers, cyclists and outdoor enthusiasts have had a tough time reaching Schuylkill River Park. Not any more. A 680-foot pedestrian bridge now connects the park to the riverfront trail known as Schuylkill Banks in Center City. The safe passageway should give users some peace of mind, in that they no longer have to put themselves in harm's way to ride their bikes or head out for a hike. That is, no more dodging freight trains or crossing CSX railroad tracks to get to the popular waterfront spot at 25th and Spruce Streets, where thousands flock daily.
October 12, 2012 |
With most of its money gone, Coatesville narrowly averted shutting down by transferring $2.1 million from a rapidly dwindling city trust fund. City Council approved the transfer after voting three times in recent weeks against tapping the fund, which it has relied on to bail out the cash-strapped city for several years. Finance director John Marcarelli noted that the $2.1 million represented a quarter of the city's $8 million budget. "It's an unfortunate thing that we have to do, but the city has been doing it for years," he said after council unanimously approved the transfer Monday night.
October 6, 2012 |
However wide the policy gulf between Pennsylvania's U.S. Senate candidates, Republican Tom Smith and incumbent Democrat Bob Casey, it is dwarfed by the gap in their personal finances. Smith, who has been buying millions of dollars in TV ads with his own money, reported total income of almost $22 million in 2010, the year he sold his main coal-mining businesses, according to federal tax returns he has released to The Inquirer. Smith made far less - about $265,000 - last year, his returns indicated.
September 27, 2012 |
Looking forward to a year festooned with a potential blockbuster Bruce Springsteen exhibit, the 225th anniversary of the Constitutional Convention, plus the launch of its biggest self-curated exhibition ever, the National Constitution Center had every reason to be optimistic going into 2012. But the Boss didn't deliver. Springsteen-driven revenue fell far short of budgeted projections, fueling a deficit and forcing the center to implement a major cost-cutting course correction.
September 24, 2012 |
Six years ago, after it became tragically clear that children were dying under the city's care, Philadelphia officials promised to fix things - to do better at saving innocents. "Who is in charge who gives little children to people who are so obviously, absolutely, completely incapable of taking care of them?" one Common Pleas Court judge asked of Philadelphia's Department of Human Services. A 2006 Inquirer investigation found that at least 20 children in two years had died of abuse or neglect after coming to the agency's attention.
September 23, 2012 |
STATE COLLEGE, Pa. - Temple made a statement. But it was the opposite of the one it had hoped to make. Saturday's 24-13 setback to Penn State proved that Temple has a lot of work to do. The Owls (1-2) showed that they lack a legitimate passing game. And for the second straight game, Temple's pass defense proved it needs a lot of work, too. Coming into Beaver Stadium, the Owls expected to beat the Nittany Lions (2-2) for the first time since 1941, covering 30 games. Maybe Temple could then take a huge step toward becoming Pennsylvania's premier program.