Navigating Miami’s Opportunity Zones

By staff writer

February 2019

Credit: The Beacon Council.

One of the hottest topics regarding our current economy is opportunity zones (OZ), a designation that came about through the Tax Cuts and Jobs Act of 2017 that allows special advantages for investors who choose to invest in designated low-income areas throughout the country.

When Invest: Miami recently sat down with Ronald Fieldstone, partner at Saul, Ewig, Arnstein & Lehr LLP, he explained the three primary benefits of opportunity zones for investors.

“First, if you invest capital gains from the sale of any source — it could be real estate, stocks or business sales — that capital gains tax is deferred until December 31, 2026. Second, if you keep the investment in the OZ for seven years, you get a 15 percent reduction in the tax,” Fieldstone told Invest:. “Third, if the deferral is done properly, the entire appreciation in the investment as a capital asset is tax-free and the term limit is 30 years. In other words, you could invest in an OZ in 2018, build an apartment project, hold it for up to 30 years and then that entire appreciation in value is tax free.”

Florida is home to 427 opportunity zones. With 68 of those being located in Miami, it’s no wonder that the local business ecosystem is abuzz with talk of the legislation and how it can both promote economic development and ensure investors’ long-term capital gain.

Last week, Invest: Miami was featured at the local Bisnow event Opportunity Zones 101, which showcased panel discussions geared toward educating local businessmen on how to navigate this new and promising legislation. One of the featured speakers at the event was Don Peebles, CEO of the Peebles Corporation,  who offered his insights on how OZs can encourage economic growth.

“The power of establishing the zones is at the local level,” Peebles said. “For example, in Miami, if you look at where the zones are — they border Wynwood, they border Edgewater, they border Downtown with Overtown — they are areas that would ordinarily, over time, be recipients of economic growth and development. Opportunity zones stimulate that and make it happen faster.”

With its prevalence of designated opportunity zones and general reputation as a high-growth economy, legislation such as this will work to further ensure long-term growth and development for Miami.

To learn more about our interviewees, visit their websites:
Saul, Ewig, Arnstein & Lehr LLP: https://www.saul.com/
The Peebles Corporation: http://peeblescorp.com/

For more information on opportunity zones, pre-order a copy of Invest: Miami 2019 here: https://www.capitalanalyticsassociates.com/product/invest-miami-advance-purchase

 

Finding — and Keeping — Good People

By staff writer

February 2019

As the Greater Orlando area continues to grow its economy and lower the unemployment rate, companies in several sectors are having a hard time finding qualified candidates to fill their job openings. The workforce-skills gap — or the gap between the skills a workforce offers and the needed skills that will help local businesses grow — has been widening across various industries, but particularly in construction, accounting and hospitality. It is not about the quantity of resumes businesses receive but about the quality and level of skills the candidates provide.

In a recent conversation with Invest: Orlando, Jed Grennan, founding partner of Grennan Fender CPA & Advisors, said that finding quality talent and keeping it is one of the biggest challenges facing the accounting sector. There is a scarcity that is making it hard to recruit, retain and reward top-quality people,” he said. “To be the firm of choice, we have to create a more attractive office environment that provides our employees with the flexibility, challenges and continued growth opportunities they are looking for.”

A recent report from the Florida Department of Economic Opportunity revealed that Orange County’s unemployment rate was 2.9 percent in December 2018, which is the third lowest unemployment rate in the state. The Orlando-Kissimmee-Sanford area saw the largest nonagricultural employment gains, with 51,300 jobs added, or 4 percent growth.

“Because our economy and employment market is so strong, this challenge expands beyond real estate,” H. Bradley Peterson, senior managing director & co-head of HFF Orlando Office, told Invest:. “It is difficult to hire strong employees because there is a lot of demand for new talent across different sectors.”

Since the 2007 recession, workers who were forced to find jobs in different industries never returned to their previous sectors, and that is one of the reasons employers in industries like construction are struggling with finding quality craftspeople. The numerous opportunities in the Orlando area aggravate the situation because employees have more options to choose from.

“We are recruiting outside of the metro area and relocating from other markets,” Peterson said. “Across the country most people are aware of how strong Orlando is, so employees are excited to move here because they feel the future is very bright and there are a lot of growth opportunities.”

Chambers of commerce, associations and the local government are developing different strategies to support businesses in the area as they combat this issue. For example, to provide support for their members, the Winter Park Chamber of Commerce launched a pilot program to identify talented professionals — mostly women who have stayed home to raise families but hold impressive degrees.

“Our program helps them present back to the workplace and assists them in finding work again. Through this pilot return-to-work program we placed 83 percent of the participating women within six months in local and global companies. We are very excited to have the ability to furnish our members with a talent base of people who are reliable and have the skills and talents they are looking for,” Betsy Gardner Eckbert, president and CEO of the Winter Park Chamber of Commerce, told Invest:.

To attend to the challenges in the lack of workforce that some industries are facing, Orange County’s public schools and the Orange Technical College have a training program targeting various in-demand industries such as construction, manufacturing and digital media/ information technology in order to make certain that there is a skilled workforce available to meet the job demand.

A report from the National Federation of Independent Businesses (NFIB) showed that unfilled jobs and the lack of qualified applicants continues to be a primary concern for businesses, with job openings setting a record high and job creation plans strengthening by December 2018. The report also stated that 60 percent of the companies surveyed reported hiring or trying to hire, but 54 percent of those cited few or no qualified applicants for the positions they were trying to fill. This underscores how important it is for companies to include innovative recruiting and retention tools, as well as flexible environments and positive company culture, to find and keep their employees.

For more information on our interviewees, visit their websites:

Grennan Fender CPA and Advisors: https://orlandoaccounting.com/

HFF Orlando: https://www.hfflp.com/locations/orlando.html

Winter Park Chamber of Commerce: https://winterpark.org/

 

Atlanta’s Transit-Centric Growth

By Sean O’Toole

January 2019

Transit-oriented development (TOD) is gaining popularity across America. TOD seeks to promote more walkable communities by mixing housing, office, retail and recreation space and situating it all within a half-mile of public transportation. The benefits of this kind of development are swift and pronounced. More walkable neighborhoods can lead to healthier and more community-minded residents. TOD also helps with environmental conservation by increasing public transit ridership and reducing the number of cars on the road, which simultaneously reduces traffic congestion. That last benefit is especially attractive in cities like Atlanta with a history of bad traffic.

Since 2017, Atlanta has seen delivery of 1.1 million square feet of office space located within a half mile of a MARTA station. In addition, the multifamily market within a half mile of a MARTA station experienced 68 percent growth in inventory from 2008 to 2017, compared to 19 percent in Metro Atlanta not in proximity to MARTA. With TOD on the rise, Atlantans are seeing more housing options near public transportation, and MARTA is simultaneously building its user base.

“You see transit-oriented development from the influx of Midtown, Downtown and Buckhead areas that have stations,” Arnie Silverman, president of Silverman Construction Program Management, told Focus: Atlanta when he sat down with our team in 2018. “I recently spoke to a business owner who plans to move his office so it can be next to a MARTA station in order to attract millennials.”

MARTA’s first TOD project was the Lindbergh Station, a mixed-use marvel consisting of housing, retail space and public transportation amenities that was completed about 20 years ago. Today, MARTA seeks to expand the city’s TOD footprint with even more such projects that will change Atlanta for the better in numerous ways. For one, more TOD is likely to have a positive impact on fare revenue and new ridership, which is not only good for MARTA but will also help to alleviate congestion and carbon emissions throughout the metro area. In addition, MARTA has vowed to use its TOD projects to eliminate eyesores like abandoned parking lots by turning them into vibrant, mixed-use communities. This type of development will complement other community-oriented projects already underway in Atlanta, such as the BeltLine, which aim to make the city a more interwoven, walkable community.

“A great example of transit-centric growth is the State Farm development,” Jeff Parker, CEO and general manager of MARTA, told Focus:. “Then NCR relocated and wanted to be on a MARTA stop. We have a great opportunity to provide good connectivity between businesses that want to relocate or expand in a vibrant place like Atlanta and grow with the city.”

MARTA currently has six TOD projects in the works, and although all of them are still in the construction or planning phases, a few are nearing the completion of their first stages of development. These projects are the Chamblee Station, Avondale Station, Edgewood/Candler Park  Station, Arts Center Station, King Memorial Station and upgrades to Lindbergh Center Station. All of these stations will include an innovative mix of office, commercial, residential and green space and will further MARTA’s goal of upping ridership while lowering congestion.

In October 2018, Invest Atlanta announced the launch of the city’s first-ever TOD fund — at a total of $15 million — designed to provide affordable capital to support the acquisition and pre-development of workforce housing near MARTA stations and other modes of public transit. Nearly 70 percent of Metro Atlanta’s residents commute to a different county for work every day, and reducing both travel time and cost could save these commuters close to $1,000 annually.

“If we want to make the biggest impact on people’s lives,” Eloisa Klementich, CEO of Invest Atlanta, told Focus:, “we need to lower their costs of transportation and housing. We are investing in transit-oriented development opportunities with the goal of increasing people’s ability to live in this beautiful city.”

With cities like College Park considering transit-oriented zoning and MARTA’s board of directors recently giving the greenlight to a more than $2.5 billion transit expansion, we’re sure to see more TOD projects cropping up across the metro area in 2019 and beyond. Focus: Atlanta will be keeping a close eye on the developments!

For more information on our interviewees, visit their websites:

Silverman Construction Program Management: https://silvermancpm.com/

MARTA: https://www.itsmarta.com/

Invest Atlanta: https://www.investatlanta.com/

 

 

Tampa Bay Is the Place to Be

By staff writer

January 2019

There is no denying that Tampa Bay is on the up and up; in fact, the region saw 3.98 percent job growth in the last year. With more young professionals coming into the region than ever before and a booming tech scene, Tampa is a hot place for development. In fact, Tampa is one of the fastest-growing metro areas in the U.S., and according to a 2017 study by NerdWallet, millennials make up nearly a quarter of its total population.

With this substantial population growth and millennial influence comes increased demand for more targeted talent to meet workforce needs and ramped-up construction to provide housing to the influx of new residents. Invest: Tampa Bay spoke with local leaders across Tampa’s major economic sectors to find out where they see the region growing and shining. While they might work in different industries, it is easy see that the general message is the same: Tampa Bay is the place to be.

“We’re working to develop an employee-led, demand-driven workforce strategy. Rather than simply push forward higher graduation rates and certificate completions, we’re starting from the demand side to understand exactly what we need today and in the future. Then we can develop a strategy to produce that. We are looking at five major industries that we think are critical to Tampa Bay’s economic future: healthcare, manufacturing, hospitality, information technology and construction.”

—Rick Homans, President & CEO, Tampa Bay Partnership

“Tampa is in a bigger growth position and has a more vibrant construction economy than it has ever had in its history. There are more large projects here than there ever have been — by a large margin. There is great growth from one end of Tampa Bay to the other. Channel Side is exploding. Downtown Tampa and Downtown St. Petersburg continue to be amazingly busy, and the beaches are strong. Growth is steady, and we haven’t seen any leveling off.”

John Bowden, Senior Vice President, Moss Construction

“The Tampa Bay region stands out as Florida’s business destination. We offer a high quality of life with a low cost of living. That’s what we’ve been known for because it’s rare to have both. With that, we’re attracting a lot of talent. When you have jobs and a high quality of life, it makes you very attractive to young professionals. We also have one of the most affordable markets for first-time home buyers.”

—Craig Richard, President & CEO, Tampa Hillsborough Economic Development Corporation

For more information on our interviewees, visit their websites:

Tampa Hillsborough Economic Development Center: https://tampaedc.com/

Tampa Bay Partnership: https://www.tampabay.org/

Moss Construction: https://mosscm.com/

A Prosperous Future

By staff writer

January 2019

Jupiter, Florida, is the northernmost town in Palm Beach County. The area was originally named for the Hobe tribe who lived at the mouth of the Loxahatchee River, but a sequence of mapmaker misunderstandings and mis-transcriptions led to the adoption of the name Jupiter, after the Roman god. Today, Jupiter is perhaps best known for its golfing community and the iconic red-brick Jupiter Inlet Lighthouse, built in 1860. However, the sands are beginning to shift as Jupiter, and the entire Palm Beach North region, tout the advantages of living and doing business on “Florida’s Prosperity Coast.”

Invest: Palm Beach recently sat down with Todd Wodraska, mayor of the Town of Jupiter, to talk about how Jupiter and the northern part of the county are changing.

When they think of Jupiter, most people think of the golfing community,” Wodraska told Invest:. “We’re trying to create a more significant experience on our waterfront. Over the past decade, we’ve had incredible success with making our waterfront accessible to the public. We created the Jupiter Riverwalk concept — a two-and-a-half-mile stretch of public access where people can enjoy the waterfront via a pathway that runs through residential, commercial and natural areas. We also have great waterfront places to dine. We’ve tried to make sure that our natural resources are enjoyed by everybody and not just walled off by condominiums and gated communities.”

In addition to ensuring access to the waterfront for everyone, Jupiter is also setting its sights on attracting a large employer. “We’re primed and ready for the bioscience sector and the biotech spin-offs of Scripps,” Wodraska said. “Since Scripps came online, the Jupiter Medical Center has matured from a regional hospital into a powerhouse player on the healthcare front. By partnering with Scripps, the Jupiter Medical Center has blossomed into this fantastic healthcare facility. With some of the land that we set aside for bioscience, we’re ready to have a large employer locate its headquarters, or second headquarters, in the state of Florida.”

Jupiter is one of Palm Beach North’s 10 municipalities that, along with unincorporated areas, are home to nearly 200,000 residents and a diverse mix of large and small businesses. In a recent conversation Beth Kigel, president and CEO of the Palm Beach North Chamber of Commerce, told Invest: about how the entire region is working together to attract business and preserve quality of life.

“Our shared purpose is to foster partnerships to ensure that Palm Beach North is Florida’s Prosperity Coast,” Kigel said. “‘Florida’s Prosperity Coast’ is a moniker that has been given to Palm Beach North, and it really fits who we are. Our average household income is higher than Florida’s average. 40 percent of our population has a bachelor’s degree, and we are becoming a tech hub and a great place for businesses to locate.”

While the Town of Jupiter and northern Palm Beach County certainly have plenty of sunshine, beaches and golf to offer residents and visitors alike, the region is turning to smart development, incentive programs and innovative partnerships in order to ensure a prosperous future for Florida’s Prosperity Coast. Invest: Palm Beach is excited to see what’s in store for Palm Beach North in 2019 and beyond!

For more information on our interviewees, visit their websites:

Town of Jupiter: https://www.jupiter.fl.us/

Palm Beach North Chamber of Commerce: http://www.pbnchamber.com/

Next-Generation Startups

By staff writer

January 2019

Miami’s growing reputation as a startup hub is no secret. The Miami/Fort Lauderdale/Pompano Beach region was ranked number one on the Kauffman Foundation’s 2017 Index of Startup Activity among 40 metropolitan areas. Furthermore, the city garnered a wealth of publicity when it was considered as a host for Amazon’s HQ2 site last year.

“I’m very happy with how the startup market in Miami has been evolving,” said Olivier Grinda, founder and CEO of local startup Home61, a digital real estate brokerage company, when he recently sat down with the Invest: Miami team. “The market now represents the first generation of startups i.e., those like us that came here in 2015-2017. Thanks to the work of local investors who decided to take a chance on the city back then, businesses such as ours were given the platform to grow and recruit employees.”

Thanks to decisions made over the last decade by local organizations and co-working spaces such as the Knight Foundation, Refresh Miami, LAB Miami and Pipeline, among others, the city was provided a foundation on which to grow its tech sector. However, there are other factors driving the city’s appeal for those looking to found or invest in startups.

When Invest: spoke with Richard Lavina, co-founder and CEO of Miami-based startup Taxfyle which has been the number one tax-time app in the App Store for the past three years he pointed to the city’s relatively low cost of living as a key asset for startup activity.

“$1 million doesn’t go as far in Silicon Valley as it does here in Miami,” Lavina explained. “Cost of living is cheaper, so people hired to come here can experience a better quality of life for lower pay.”

The low cost of living, favorable tax laws, weather and geographic location all work to ensure the city’s long-term appeal for startups, thus giving way for an upcoming “second generation” of startups over the next decade, which, according to Grinda, will further stabilize the local startup market and allow for continued growth.

“The city, which was once generally considered to be nothing more than a vacation destination, will grow into an intricate and diverse business center,” Grinda stated.

Given the city’s penchant for innovation and the velocity at which its tech sector has flourished, surely we can look forward to this second generation being just as robust and groundbreaking as the first. For more information on our interviewees and the local startups they founded, visit https://www.home61.com/real-estate and https://taxfyle.com/.

 

Small-Town Incubators

By staff writer

January 2019

Pinellas County usually conjures up images of the white-sand beaches and resorts of Clearwater or the eclectic and vibrant downtown St. Pete hubs of Grand Central and Kenwood. Yet as one of the most populous counties in Florida, with 17 cities and dozens more towns and census-designated places, there are plenty of other idyllic communities where increasingly more businesses and individuals are choosing to relocate.

Within the charming confines of these smaller towns and cities of Pinellas County, corporations and small to medium-sized business owners have found the tools that have allowed them to prosper — namely, local government that has been pro-business and pro-growth at sustainable levels, proximity to nearby metropolitan hubs, a qualified workforce, great schools and public benefits, affordable real estate and an overall great quality of life.

Recently, Invest: Tampa Bay sat down with the mayors of three cities in Pinellas County to talk about what they offer to the diverse economic and social landscape of the bay area.

Mayor Woody Brown of the City of Largo explains that Largo was recently ranked the seventh-fastest home sales market in the state of Florida. “There are a couple reasons for that,” Brown told Invest:. “First, it’s a great location; there are still safe, affordable places to live in Largo, and it’s right in the center of Pinellas County. Second, the schools in Largo have really improved over the last 10 years. These are the main drivers that are not only bringing more people and more families here but are also attracting small, medium and large businesses.

“As mayor, my goal is to attract quality employers, regardless of what field they’re in, and improve the quality of jobs available to our residents,” Brown continued. “The school board for Pinellas County is a big employer here, and so is Tech Data. On the east side, we have the Medical Arts District, which is a huge employer as well. There are always some target industries — we mirror the state in that respect — but frankly, it doesn’t necessarily matter which industry relocates to Largo as long as it’s paying a good wage and it feels like it has access to good employees with a good quality of life. Those are the types of businesses we’re looking for.”

Sandra Bradbury, mayor of Pinellas Park, says that one of the reasons her city is such an optimal location for businesses is due to it being situated right in the heart Pinellas County. “You can’t get to St. Pete, Clearwater or Tampa without passing through Pinellas Park,” she told Invest:. “We have one of largest commercial and industrial areas in Pinellas County. Very few cities still have vacant industrial manufacturing land available. We’ve had upticks of job growth and business expansion in Pinellas Park over the last couple of years.”

Last but certainly not least, the City of Oldsmar is also getting in on the action. With the newly announced roller and street hockey rink at Oldsmar Sports Complex, the city government is proudly brandishing its partnership with the Tampa Bay Lightning. “We tried to get the Rays, we got the Red Bulls — for one season, at least — and now we’ve got a deal with the Lightning, one of the best franchises in all of sports,” Mayor Doug Bevis told the local newspaper. Mayor Bevis said that after the city lays the foundation, the Lighting will be building the rink, providing equipment for the players, facilitating and operating the camps and taking care of all the marketing.

Pinellas Park, Largo and Oldsmar have made compelling cases for their inherent value as places to live and work. Given their proximity to the hubs of Tampa and St. Pete, they are integral pieces in the larger success story of Pinellas and Hillsborough counties. As they continue to grow, city governments will have to focus on keeping the growth in check and not getting too overzealous. Surely they will have their hands full. The days of flying under the radar seem to be long gone, and Invest: Tampa Bay is excited to see what’s in store for these small-town incubators in 2019!

For more information on our interviewees, please visit their websites:

City of Pinellas Park, https://www.pinellas-park.com/

City of Largo. https://www.largo.com/

City of Oldsmar, https://www.myoldsmar.com/

A 21st-Century Vision

By staff writer

January 2019 – 2 min. read

 From the moment former Civil War Major Nathan Boynton laid eyes on the more than 12 acres of sunny, pristine beaches that would later bear his name, Boynton Beach has been a vision.

Beginning with the hotel Boynton built in 1895 as an escape from harsh Michigan winters, through the city’s years as a thriving farming community connected to the country by the Florida East Coast Railroad and later through its evolution into the third-largest municipality in Palm Beach County, Boynton Beach has shown both its resilience and adaptability. The city has weathered the rise and fall of the dairy industry, widespread damage from Hurricane Wilma in 2005 and more than its share of gang-related violence but is heading into 2019 led by a young mayor with his own vision for this community built on sunshine and sand.

And it’s a vision that will take Boynton Beach back to its roots.

“My vision for Boynton Beach is a family-friendly farming and fishing city,” Mayor Steven Grant told Invest: Palm Beach when he sat down with our team in December. “When Henry Flagler built the train station back in the 1920s, that’s what this city was. We’re trying to adopt a version of that designed for the 21st century.”

Part of this vision is the $500 makeover that will transform the city by turning its east end into a walkable and vibrant downtown area. Projects in this massive revitalization broke ground in 2018, and the entire effort is expected to be complete by September 2019. In addition to the four-block Town Square — which will feature a new city hall, library, playground, fire station, parks, amphitheater and parking garage — mixed-use developments like the eight-story Ocean One and the 371-unit Villages at East Ocean Avenue will bring both residential and retail space.

“We have a great retail base here,” Mayor Grant said. “But we’re going to have to start redeveloping that retail presence for the 21st century. Sears, ToysRUs and Sports Authority have all recently closed. We have a lot of the big-box retailers that will need to find a new market or model, and I feel there is a great opportunity now to transform those retail spaces for mixed-use, modern applications, whether it’s co-working spaces or incubators.”

The hope is that moving toward a pedestrian-friendly downtown center with sleek, modern shops and amenities will encourage both residents and visitors alike to spend time in Boynton Beach, sparking economic growth and at the same time instilling a larger sense of community.  “We’re embracing new technology in Boynton Beach to make sure that we’re connecting and working with our residents while we all strive to develop as a community and an economy,” Mayor Grant told Invest:.

With three leaders under the age of 35 (Grant, Commissioner Christina Romelus and Commissioner Justin Katz) forming a three-to-five majority on the Boynton Beach Commission, it seems the long-awaited redevelopment of Boynton Beach is getting the youthful injection it needed. Invest: Palm Beach will be keeping a close eye on Boynton Beach’s transformation in 2019!

For more information on our interviewee and the City of Boynton Beach, visit https://www.boynton-beach.org/.

Philadelphia’s Diversified Economy Highlighted at the Launch of Invest: Philadelphia 2019

FOR IMMEDIATE RELEASE

January 14, 2019

City of Philadelphia Director of Commerce Harold Epps will give the keynote address at the launch of Capital Analytics’ first publication focusing on Greater Philadelphia.

Philadelphia, PA – Greater Philadelphia’s robust healthcare industry, historically strong higher education sector and focus on innovation are just some of the focal points in the first edition of Invest: Philadelphia from Capital Analytics. The 2019 edition highlights the five-county region of Greater Philadelphia, including Philadelphia, Montgomery, Bucks, Delaware and Chester counties, with special focus chapters on the City of Chester and the dynamic neighborhoods in the City of Philadelphia.

Philadelphia’s housing market is one of the hottest in the country, and the region’s real estate industry is attracting increased interest from investors both domestically and abroad, particularly in the multifamily space. Utilities and infrastructure are covered in detail as the city looks to alternative sources of energy to sustainably grow and develop. Transportation is a hot topic, with the Philadelphia International Airport continuing to expand its reach and SEPTA making improvements to help keep counties connected via extensive bus and train routes. The Invest: Philadelphia publication from Capital Analytics is a 208-page economic analysis that highlights business opportunities for investors, entrepreneurs and innovators alike looking to Philadelphia for opportunities.

The official launch of the publication will take place on January 24, 2019, at the Loews Hotel. Following a short networking breakfast, Harold Epps, Director of Commerce for the City of Philadelphia, will give a keynote address that underscores some of the major achievements of Philadelphia’s economy over the past 12 months. This will be followed by three robust panel discussions.

The panels will address major themes currently dominating Philadelphia’s economy: education, healthcare and innovation. The “Healing the Community: Healthcare in Philadelphia” panel will be moderated by Susanne Svizeny of Wells Fargo. Panelists will be Dr. Jay Feldstein of the Philadelphia College of Osteopathic Medicine, Jack Lynch of Main Line Health, Dr. Larry Kaiser of Temple University Health System and Ray Williams of DLA Piper. The “World Class Minds: Education in Philadelphia” panelists will be Craig Carnaroli of University of Pennsylvania, Guy Generals of Community College of Philadelphia and Michael Mittelman of Salus University. The “On the Cutting Edge: Innovation in Philadelphia” panel will be moderated by Mathieu Shapiro of Obermayer, and panelists will be Dan Hilferty of Independence Blue Cross, Tricia Marts of Veolia, Atif Ghauri of MAZARS and John Giordano of Archer Law.

The event will be attended by hundreds of high-level guests and officials from some of Philadelphia’s key industries and economic institutions.

“Invest: Philadelphia is Capital Analytics’ first foray into the Northeast,” said Abby Melone, president of Capital Analytics. “After resounding success in South Florida and Georgia, we wanted to expand up the coast to the hidden gem of the Northeast. Philadelphia is increasing its global visibility, and we wanted help the city capitalize on that. As the most affordable major city in the Northeast corridor, Philadelphia has a great deal to offer people of all ages, from students to young professionals and from entrepreneurs to capital investors. We are excited to be a part of Philadelphia’s journey.”

 

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About Invest: Philadelphia

Invest: Philadelphia is an in-depth economic review of the key issues facing Greater Philadelphia’s economy featuring the exclusive insights of prominent industry leaders. Invest: Philadelphia is produced with two goals in mind: 1) to provide comprehensive investment knowledge on Philadelphia to local, national and international investors, and 2) to promote Philadelphia as a place to invest and do business.

The book conducts a deep dive of the top economic sectors in the county including real estate, construction, utilities and infrastructure, transportation and aviation, banking and finance, legal, healthcare, life sciences, education, sports, and arts culture and tourism. The publication is compiled from insights collected from more than 200 economic leaders, sector insiders, political leaders and heads of important institutions. It analyzes the leading challenges facing the market, as well as covers emerging opportunities for investors, entrepreneurs and innovators.

For more information, contact us at: contact@capitalaa.com