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Bank pledges $600K for N. Philly revitalizationPhiladelphia Business Journal: Thursday, June 20, 2013
Sovereign Bank said Thursday that it will commit $600,000 to support economic revitalization in eastern North Philadelphia in partnership with Nueva Esperanza, a faith-based organization founded to help the Hispanic community in that neighborhood.
Sovereign said it will provide $100,000 each year for six years through the Neighborhood Partnership Program in Pennsylvania. The funding will launch a revitalization project in the 5th Street business corridor, an area the bank says is vital to the...
IRS draws new criticism over $70M employee bonusesTony Phyrillas: Wednesday, June 19, 2013
The IRS did such a great job of harassing conservatives to swing the 2012 election to Obama that employes will get to share $70 million on bonuses. Who says government work doesn't pay?
IRS draws new criticism over $70M employee bonuses
Med device firm raises $12.5MPhiladelphia Business Journal: Wednesday, June 19, 2013
Echo Therapeutics Inc. raised $12.5 million in a public stock sale that closed Wednesday.
The Philadelphia medical device company, which is developing a non-invasive and wireless continuous glucose monitoring system called Symphony, sold slightly more than 4.6 million shares of common stock for $2.70 per share.
Echo (Nasdaq: ECTE), according to a filing with the Securites and Exchange Commision plans to use the proceeds from the offering for general corporate purposes, including “manufactu...
A new place to rehab in Chester CountyPhiladelphia Business Journal: Wednesday, June 19, 2013
Phoenixville Hospital is planning to open a $4 million “Regional Rehab Center” on its campus next month.
The center will have 14 private rooms and its own gym. It will also feature an ADL (activities for daily living) training suite with a bedroom, fully functioning kitchen and bathroom all designed to help patients who have suffered loss of function due to a stroke, brain injury, neurological disease, spinal cord injury, complicated orthopedic issue or other disabling condition.
The cente...
Rendell continues to stick it to PennsylvaniansTony Phyrillas: Wednesday, June 19, 2013
Democrat Ed Rendell has been out of office for more than 2 years as Pa. governor, but he's still sticking it to state residents. Under a bill he signed, it will eventually cost drivers $50 to travel the length of the Pa. Turnpike.
Auditor: Payments take heavy toll on Pa. turnpike
