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Investment

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BUSINESS
October 27, 2012 | By Mike Armstrong, Inquirer Staff Writer
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.
NEWS
December 19, 1992
To paraphrase Groucho, "Say the secret word and win . . . millions and millions of dollars. Double, triple, quadruple your money - even more. That not-so-secret word, in the transition to Clintonomics, is investment. Which is a sanitized way for Democrats to talk about (shhh!) spending, often by government or by private concerns with incentives from government. Put out some money now, reap big dividends later. At the two-day economic conference this week, various special pleaders told the president-elect what they believe the country should spend - ahem, invest in. Infrastructure, job creation, education, training, high-speed rail.
NEWS
February 11, 1990 | By Al Haas, Inquirer Automotive Writer
The average new-car buyer spends $15,395 on his or her purchase. That's a real investment. Most people only make one bigger one: when they buy a home. Obviously, most people will want that new-car investment to retain as much value as possible. They will want it to be as long-lived, trouble-free and pleasurable as possible. As economically as possible. Here are some recommmendations on how to protect that costly investment - and how not to waste your money in the process. CHECK RE-SALE VALUE.
NEWS
June 21, 1995 | By Connie Langland, INQUIRER STAFF WRITER
The ins and outs of money management preoccupied the Chester County Commissioners at their meeting yesterday. Commissioners Joseph Kenna and Andrew Dinniman agreed the county should act quickly next week to invest the proceeds of a $22.5 million loan from the Delaware Valley Regional Finance Authority. Over time, the funds will be used to finance several major projects in the county, including open-space programs, a public-safety communications system and property reassessment, according to Mark Rupsis, director of administrative services.
NEWS
September 27, 2010
TetraLogic Pharmaceuticals, a privately held Malvern company that develops small-molecule drugs to treat cancer, announced today that it has received an investment of $5 million from Pfizer Ventures. The money brings to $37 million that investors have raised to finance the company since August. The fund will be used for the clinical development a drug that mimics naturally occurring proteins that help promote cell death.    - Christopher K. Hepp
NEWS
October 13, 2010
Discovery Laboratories Inc., Warrington, said today that it will get a $500,000 investment from PharmaBio Development Inc. as Discovery continues development of treatments for respiratory diseases. PharmaBio already owned 5.6 million Discovery shares. It agreed to purchase about 2.4 million additional shares of common stock and warrants for about 1.2 million shares, Discovery said. If it exercises the warrants, PharmaBio would own about 4 percent of outstanding shares. PharmaBio is the former strategic investing subsidiary of clinical research organization Quintiles Transnational Corp.
NEWS
February 11, 1988 | By Dominic Sama, Inquirer Staff Writer
The Radnor Township commissioners have asked for more information on a state-backed investment trust before investing township funds. The commissioners Monday night tabled a resolution that would have authorized the finance director to invest in the Pennsylvania Local Government Investment Trust (PLGIT), whose rates are sometimes higher than those of a commercial bank. Despite assurances from Commissioner George M. Aman 3d that the trust "is safer than banks," Commissioner Clinton A. Stuntebeck moved that the resolution be tabled for further discussion.
BUSINESS
February 20, 2016 | By Jacob Adelman, Staff Writer
Iron Hill Brewery & Restaurant is teaming with a Greenwich, Conn.-based private-equity firm to expand the brewpub's regional footprint, making it the latest Philadelphia-area food and beverage chain to get a boost from a deep-pocketed benefactor with a broad geographic scope. Iron Hill received the investment from A&M Capital Opportunities to support the Wilmington-based chain's expansion into new Mid-Atlantic markets, the companies said in a statement Thursday. The investment from AMCO puts Iron Hill on a footing with La Colombe Torrefaction Inc. coffee roasters and Honeygrow fast-casual eateries in tapping private investment to take a locally developed concept to broader markets.
NEWS
March 9, 1995 | By Andy Wallace, INQUIRER STAFF WRITER
Ralph Allen Sturdivant Sr., 47, of Cedarbrook, , founder and co-owner of a prominent North Philadelphia investment firm, died Friday while scuba diving on vacation with his wife in the Grand Cayman Islands. Mr. Sturdivant was born in Pilesgrove, N.J., and educated in Baltimore public schools. He received a bachelor's degree in chemistry from Morgan State University. He also studied at the University of Pennsylvania's Wharton School. After two years in the Army, where he attained the rank of first lieutenant, Mr. Sturdivant worked for U.S. Steel and then for Merrill Lynch, where he was an account executive.
NEWS
November 11, 2002
Westward ho! That could be the latest rallying cry for housing in Philadelphia thanks to Citizens Bank's new program in and around University City. The news couldn't be more welcome. Not only will the effort build upon the University of Pennsylvania's success in redeveloping that area, it could encourage other lenders to invest in neighborhoods with the potential to go from high-risk to highly desirable. Citizens will make available $28.5 million in grants and low-interest loans for small businesses, and for residents and community groups to buy properties and do renovations.
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NEWS
April 28, 2016
By Kathy Fisher A well-funded ad campaign should not dictate the fate of policy that will improve our children's future. If you live in Philadelphia, you've most likely seen the American Beverage Association's "grocery tax" commercials. These misleading spots, replicated in major and neighborhood newspapers alike, claim that families' supermarket bills will rise astronomically should Mayor Kenney's proposed tax on sugar-sweetened beverages go into effect. The simple facts are: The tax is on sugar-sweetened beverages only, not other grocery items, and people of all income levels can choose to cut back on their consumption by choosing other beverages.
NEWS
April 12, 2016 | By Claudia Vargas, Staff Writer
On paper it seemed pretty simple. The state gave a newly created venture capital fund $1.5 million to invest in small minority businesses in Philadelphia. Those businesses would share their profits with the fund and the money could be used to invest in more businesses. But 20 years and several lawsuits later, taxpayers lost on their bet. Of $1.25 million invested in 14 businesses between 2004 and 2006, the city recovered only $225,000. Nine of the businesses paid nothing back.
NEWS
April 4, 2016
Kevin R. Johnson is president and CEO of the Philadelphia Opportunities Industrialization Center When it comes to addressing Philadelphia's persistently high poverty rate, what many people fail to understand is that creating jobs is simply not enough. There must be educational investment in the very neighborhoods struggling the most. In a city where an estimated two-thirds of its residents read at an eighth-grade level, or below, we must build creative pathways to employment.
NEWS
April 1, 2016 | By Bonnie L. Cook, Staff Writer
Samuel Williams Parke Jr., 77, formerly of Phoenixville, an investment manager in Philadelphia for a quarter century, died Thursday, March 24, of cancer at his retirement home in Tiburon, Calif. Born to Samuel W. and Sarah E. Parke in Philadelphia, he graduated from Germantown Friends School in 1956 and Dartmouth College in 1960. Mr. Parke married Marily Clapham in 1975. The couple lived in Wyndmoor and Ambler. She died in 1994. In 2003, Mr. Parke married Marilyn M. Johnston, and the two lived in Phoenixville before moving to Tiburon.
NEWS
March 29, 2016 | By Len Champney
Polls prior to the March 8 Michigan primary were showing Hillary Clinton with a double-digit lead over Bernie Sanders. However, as we now know, Sanders eked out a win over Clinton in the state. Professionals in the survey research community are fully aware of the challenges facing public opinion polling in general, and preelection polling in particular. It is no longer simply a matter of selecting a sample of respondents that is representative of the population and contacting them.
NEWS
March 28, 2016 | By Bonnie L. Cook, Staff Writer
Brenda D. Gavin, 67, of Philadelphia, a nationally known venture capitalist and a business leader in Philadelphia, died Thursday, March 17, of a stroke at Pennsylvania Hospital. In life, Dr. Gavin nurtured many new life-science companies and mentored numerous colleagues; in death, she became a gift-of-life donor for four patients in need of transplant organs. One of the earliest women to become schooled and active in health-sciences venture capital investing, Dr. Gavin knew how to connect the right scientists and physicians to start successful new companies, her family said.
BUSINESS
March 8, 2016 | By Erin E. Arvedlund, Staff Writer
Regulators are waging a new campaign to educate us about investing - before we invest. On Wednesday, the Securities and Exchange Commission's regional office here plans a seminar at the Free Library of Philadelphia's Parkway Central branch, 1901 Vine St. Attorneys from the SEC will educate seniors - and anyone else - who want to learn to avoid investment scams and recognize the red flags. Hosted by SEC attorney Cindy Hoekstra, the seminar is the first of two this month. The second one, "Choosing the Right Investment Adviser," is set for March 30, also at the library's Parkway Central branch.
BUSINESS
March 1, 2016
CenterSquare Investment Management focuses on "real assets" such as real estate and infrastructure (think utilities, telecommunications towers, and airports). This $8.2 billion firm is a quiet giant with headquarters in Plymouth Meeting. It runs money mostly for institutions, but there are ways to invest with CenterSquare through listed mutual funds. For instance, CenterSquare is contracted to run the Dreyfus Global Infrastructure Fund and the Dreyfus Global Real Estate Securities Fund.
SPORTS
February 22, 2016 | By Matt Gelb, STAFF WRITER
CLEARWATER, Fla. - When the new-look Phillies debut in six weeks at Cincinnati's Great American Ballpark, it is possible that two players in the starting lineup will make $33.5 million while the other seven account for a total of $6.5 million. The team's payroll could dip below $100 million for the first time since 2006. That is by design. "Sometimes where we spend our money is pretty public, in the case of a major-league player contract," Phillies general manager Matt Klentak said.
BUSINESS
February 21, 2016
As an economist, it is assumed I am an astute investor. The economy does determine the direction of the markets, right? Though that's true to some extent, investors must recognize that economic data provide current or even lagging indicators of activity, and are emotion- free. Meanwhile, the markets may be efficient, but that doesn't mean they don't move for periods of time on emotion, or on perceptions that don't match economic reality. That the economy and Wall Street may not be in sync is hardly an idea that requires a lot of research to back up. Just take the recent sharp decline in stock prices.
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