Aramark is keeping is headquarters in Philadelphia, the company announced this morning. It might not, however, stay in the same Center City skyscraper currently topped with a sign bearing its name.
“The company’s global headquarters will remain in Philadelphia with the selection of an office site pending,” the company said in a press release.
Reports emerged last month that Aramark was considering a move. The news was alarming to local leaders: Aramark is one of just three Fortune 500 companies — Comcast and Crown Holdings are the others — that make its home inside the city limits (though the metropolitan area contains a few more). Read more »
Photo | Jeff Fusco
Honestly, we’d long thought Groupon had passed from being an exciting new thing to a stale joke about spending too much money to buy a coupon for a product or experience you’ll never end up using. But apparently Groupon’s still a thing.
We know this because this week a new company called Atairos announced it’s making a $250 million investment in Groupon. Why this matters in Philadelphia: Atairos was created by former Comcast CFO Michael J. Angelakis — and Comcast has a 10-year agreement to be the Atairos’ sole outside investor. Read more »
Screenshots from the videos for PATOS Shoes, Slice Capital, and NOMsense Bakery.
Penn has placed three finalists into Inc. Magazine’s Best College Startup of 2016 competition. Drexel added a fourth, making Philly-based teams one-fourth of the competition’s 16 finalists. Read more »
Daniel Schwen | Wikimedia Commons
Remember the Alamo?
The old Texas mission is historic, but the area surrounding it feels less so — overgrown with hotels and office buildings. Now a Philadelphia firm has been hired to oversee a renovation of the site, with the aim of restoring a sense of reverence and history to the popular landmark.
Preservation Design Partnership will lead that effort, San Antonio officials announced Thursday. Read more »
Alex Proimos | Wikimedia Commons
BioTelemetry, the Malvern-based company formerly known as CardioNet Inc., has announced it its intention to buy VirtualScopics Inc., a leading provider of clinical trial imaging solutions, for $15.5 million.
The deal is expected to close in the second quarter of 2016. Read more »
Pennsylvania Department of Labor & Industry
Pennsylvania’s unemployment rate stayed at 4.6 percent in February — unchanged from the month before, and lower than the 4.9 percent national unemployment rate. Read more »
Philly will play host to a couple of tech conferences this summer, helping showcase the burgeoning local scene. Read more »
Frank Hebbert | Flickr | Shared under a Creative Commons license.
With the exception of Tesla, electric cars haven’t gotten very far with the American car-buying public — or manufacturers for that matter. One reason? Keeping them on the road is hard. They either need big, cumbersome batteries, or more recharging stations than currently exist. And the conundrum gets more pressing when you consider the coming advent of driverless — yes, driverless — cars that advocates envision will be on the road perpetually, never parking.
Will Jones, the owner of Montgomeryville-based Philadelphia Scientific, has helped offer a possible answer: Electric roads.
No, the entire road wouldn’t be electrified: Instead, a metal charging strip would be embedded in highways — creating miniature trolleys of a sort — ensuring travelers don’t run out of juice far away from home or civilization. The proposal just won an innovation award from the Smart Transportation Alliance. Read more »
Photo by Morgan Burke, Creative Commons license.
More than 90 percent of Philadelphia’s chief financial officers say they’re optimistic about the growth of their business in the next six months, a new report says. Read more »
Pennsylvania ranks eighth among U.S. states for the size of its tech-oriented workforce, a new report says.
The Cyberstates 2016 report was produced by CompTIA. It said there were 228,754 tech workers in the state, making an average wage of $92,179. That average wage ranked 18th among the states.
Still, the tech sector’s growth in 2015 was much slower here than nationally — just a 0.6 percent growth in Pennsylvania compared to 3 percent nationwide. And while wages grew by 1.2 percent nationally, they declined a bit in Pennsylvania, by 0.1 percent. The state jus about kept up with patent growth, though, raising that rate by 8.2 percent — the national rate was 8.4 percent. Read more »