Fastest-Growing Companies in Philly



The fastest-growing company in the Philadelphia area makes products that eliminate paper documentation in clinical research. Never heard of Clinical Ink? Well the Horsham, Pa.-based company has grown 4,614 percent in the past three years, has revenue of $5.9 million and employs 98 people, according to Inc. magazine.

Clinical Ink is tops in Philly and ranked No. 57 on the Inc. 5000, the financial publication’s new list of the fastest-growing companies in the United States. Read more »

Nutter Helping Spearhead Obama Trade Campaign

Photo Credit: Matt Rourke | AP

Photo Credit: Matt Rourke | AP

There’s long been speculation that Michael Nutter would go to work for the Obama Administration after leaving office. But it looks like the mayor might have a head start.

Politico reports Nutter is helping spearhead the Obama Administration’s campaign for the Trans-Pacific Partnership, a free-trade pact that opponents say would give corporations unprecedented powers and rights internationally.

Nutter is one of several big-city mayors pushing the trade agreement on behalf of the Obama Administration Read more »

Florida Governor’s Trip to Poach Philly Jobs Cost $40,000

Florida Gov. Rick Scott waves after the swearing in for his second term as governor of Florida at the Florida state capitol in Tallahassee, Fla., Tuesday, Jan. 6, 2015. The inauguration took place in front of the Old Capitol. (AP Photo/Mark Wallheiser)

Florida Gov. Rick Scott waves after the swearing in for his second term as governor of Florida at the Florida state capitol in Tallahassee, Fla., Tuesday, Jan. 6, 2015. The inauguration took place in front of the Old Capitol. (AP Photo/Mark Wallheiser)

From the schadenfreude files….

Remember when Florida Gov. Rick Scott came to Philadelphia to poach our jobs? Turns out A) the trip was kind of expensive and B) he didn’t come away with much.

WTSP in Tampa Bay reports that after Scott’s visit to Pennsylvania and California, “the only jobs announced are the expansion of two companies, Wawa and Nestle, already in Florida.” Read more »

Philly’s Business Environment Ranks Near Last in New Study



Almost every day, some organization releases a report ranking U.S. cities. Best cities for buying a home. Best cities to start a restaurant. Best cities to raise a family.

I’m typically a bit wary of such studies because the methodology can seem sort of random. Remember when Condé Nast Traveler ranked Philly the second-best shopping city in the world — ahead of Milan, Paris and New York? I love Walnut Street as much as the next person, but it’s safe to say that such rankings don’t always ring true.

Read more »

Welcome to BizPhilly!


Welcome to BizPhilly! I’m your host, Jared Shelly, and I’ll be leading you on a daily tour of the most fascinating business climate in the country. From our burgeoning tech scene to our booming real estate market to the behemoth in our backyard (Comcast), Philadelphia is full of amazing businesses led by dynamic people with incredible stories.

My goal with BizPhilly is to cut through the press releases and bureaucratic nonsense and answer a simple question: What does it mean? Read more »

Analysis: What if Comcast Has Peaked?


Here’s an important question for Philadelphia’s future: Has Comcast peaked? Has its trajectory of ever-more success, ever-bigger profits, and ever-far-reaching power hit a plateau? Has its ability to grow found its limits?

The failure of the Comcast-Time Warner merger doesn’t mean the company is finished and should pack it in, of course. Even without the addition of Time Warner’s subscribers, Comcast is still the largest cable provider in the United States. But the company is facing some headwinds — some that have been apparent for a while, some that revealed themselves during the failed merger process.

Here are three reasons to suspect it’s possible — possible — that Comcast has seen its brightest days, and may be about to go into a bit of decline: Read more »

Report: Comcast to Walk Away From Time Warner Cable Merger


[Update 4:20 p.m.] CNBC is now reporting that a source has told them that Comcast is planning to drop its plan to merge with Time Warner Cable.

[Original] Comcast is planning to drop plans for its $45.2 billion merger with Time Warner Cable, according to Bloomberg. It cites “people with knowledge of the matter” and said an official announcement could come as soon as Friday.

A Comcast representative declined to comment. Read more »

Cheap Parking in Philly? There’s an App for That

The Spot parking app is coming to Philly.

The Spot parking app is coming to Philly.

Picture this. You’re driving around Center City looking for a parking space. Forget about finding a free one, that’s just not going to happen. So you look for a metered spot. No luck. After 15 minutes of circling the block, you give up and park in a garage or lot.

When you exit the lot, you pass a private parking lot that’s empty. Why couldn’t I have just parked there? Soon, you’ll be able to with Spot. Read more »

Israeli Company With Montco HQ in $40B Bid to Become Largest Generic Drug Maker

Teva Pharmaceuticals has offered to acquire Mylan N.V. for $82 per share — or approximately $40 billion. Teva is an Israeli company that employs 2,000 people at its U.S. headquarters in North Wales, Pa. It’s unclear how the possible merger would affect those workers, and a Teva representative declined to comment.

The deal would create the world’s largest maker of generic drugs by sales, the Wall Street Journal reports. Read more »

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