1. opens in a new windowPhiladelphia banks working to find balance between physical and digital presence
Across the US, banks have been closing doors at a rate of three per day over the last 10 years. While the industry remains strong, thanks to rapid adoption of digitization in the banking sector, customers have realized they do not necessarily need a brick and mortar branch to conduct their banking activities. Greater Philadelphia has seen its share of recent branch closures.
In 2Q20 e-commerce sales soared, accounting for about 16% of all sales in the US. This growth has generated an increase in activity for auxiliary sectors, namely in logistics and transport. Over 2020, The Port of Jacksonville reported just a 6% year over year dip in operating revenues – an impressive feat considering the upheaval of last year.
Known as a world-leader in culinary, food science and hospitality management career tracks, Johnson & Wales University’s new College of Health & Wellness is leveraging the school’s legacy to meet the demand of students interested in a career in the healthcare industry.
Florida Realtors and the National Association of Realtors are advocating for a constitutional amendment to tackle the issue of housing affordability in the state. With recent financial contributions totaling $13 million to the political committee Floridians for Housing, the proposal is gaining momentum as real estate prices continue to rise, leaving many without access to affordable housing options.
In the United States, demand is high for infrastructure improvements. Boldly conceived transportation mega-projects, like Florida’s Brightline high-speed passenger rail system, are helping to answer this call. Opened to much fanfare in 2018, the privately run trainline can already claim a number of victories.
For the banking and finance sector, the pandemic ushered in a wave of disruption that forced clients and businesses of all sizes to rely on digital offerings and industry professionals more than ever. Maintaining a purpose driven people-first work culture has been instrumental for the sector as institutions contended with the uncertainty of a once-in-a-lifetime pandemic.