MontCo Is the Way to Go

By staff writer

February 2019

Student debt and the growing cost of education are topics of discussion across the country. In the Greater Philadelphia region, these concerns affect the hundreds of thousands of students who pursue their education in the City of Brotherly Love and its surrounding suburbs. Students and parents alike are looking for ways to minimize debt while maximizing education and experience. At the same time, colleges and universities are looking for ways to cut costs and increase enrollment while continuing to support the local economy.

Many students are choosing to attend community college, either to pursue an associate’s degree or to begin their education at a lower cost before transferring to a four-year institution. While community college once held a stigma, that perception is quickly shifting as more and more students recognize the value of the programs offered at these institutions. Montgomery County Community College (MCCC), located in Blue Bell in Montgomery County, PA, has been educating students since 1964. It has an enrollment of almost 13,000 students seeking education in programs like business, health, engineering, social services and more.

“One of the areas we are focusing on is workforce development to address the needs of the businesses in Montgomery County, as well as surrounding counties,” Dr. Kevin Pollock, president of MCCC, told Invest: Philadelphia when he sat down with our team. “We work closely with employers to develop customized training programs that have value in the workplace today and in the future. Through our training programs, businesses gain a skilled, knowledgeable workforce and a competitive advantage in the workplace.”

With a tuition that comes in significantly lower than many of the surrounding options, especially for in-county students, MCCC proves to be a smart economic choice for students of all ages and backgrounds. The college has programs for every type of student, from those looking to continue their educations to high schools students looking to get a jumpstart on their postsecondary degrees.

“We offer dual enrollment for high school students.” Pollock told Invest:. “This program allows high school students to earn college credits while still in high school. Students are able to challenge themselves with college-level courses and gain credits that can then be used toward completion of their associate’s degree here or transferred to a four-year institution.”

As education costs continue to grow, community colleges in the area are standing out for their lower price tags and exceptional programming. Whether a student wants to immediately enter the workforce or seamlessly transfer into a four-year institution, Montgomery County Community College is paving the way for students to meet their goals.

And that’s not the only benefit MCCC provides to the community; it is also a significant economic driver for the county. According to a recent study, MCCC students earn $6 more per hour for every dollar they invest in their education. From 2009 to 2010, these higher earnings and the related increased business output contributed an additional $362.4 million to the regional economy. Taxpayers also see a 7.2 percent return on their investment in MCCC.

Rising costs and accessibility will continue to pose challenges to higher education across the country, but community colleges are stepping in to provide cost-effective and quality alternatives to students while also serving as important economic engines for their local economies.

For more information on our interviewee, visit https://www.mc3.edu/.

Philly braved the rain to make Invest: Philadelphia’s inaugural launch conference a huge success!

January 25, 2019
FOR IMMEDIATE RELEASE

Philadelphia, PA – Philadelphia was the star of the show at the Invest: Philadelphia launch conference. Covering topics like healthcare, education and innovation, the standing room-only crowd was enrapt throughout the entire event. The 2019 edition, which debuted at the inaugural launch event on January 24, 2019, 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. The launch conference took place at the Loews Philadelphia Hotel in Center City with over 300 people in attendance.

Following a short networking breakfast, the program began with an insightful keynote speech by Director of Commerce Harold Epps, who highlighted Philadelphia as a City on the Rise that has an abundance of offerings for talent and businesses alike. “Our economic success is all the more reason for Philadelphia to double down and keep moving forward,” said Epps.

Capital Analytics then hosted three in-depth discussion panels that focused on key topics related to the area’s dynamic growth and economy.

The first panel discussed Philadelphia’s leading healthcare industry. The panel was moderated by Susanne Svizeny of Wells Fargo, and panelists were Jack Lynch from Main Line Health, Jay Feldstein from Philadelphia College of Osteopathic Medicine, Larry Kaiser from Temple University Health System and Lauren Murdza from DLA Piper. Jack Lynch discussed the importance of collaboration between healthcare institutions, providers and payers. Jay Feldstein discussed the challenges and opportunities of being a graduate medical school. Lauren Murdza discussed private equity groups’ involvement in the healthcare space, and Larry Kaiser talked about making sure healthcare is accessible to all.

The second panel was centered on higher education in Philadelphia. The panel was moderated by Capital Analytics’ very own Abby Melone, and panelists were Craig Carnaroli from the University of Pennsylvania, Michael Mittelman from Salus University and Guy Generals from the Community College of Philadelphia. All of the panelists addressed the growing issue of student debt and the accessibility of higher education. Craig Carnaroli talked about Penn’s involvement in the community. Michael Mittelman discussed the importance of making sure students are ready to join the workforce directly after graduation, and Guy Generals spoke to the importance of switching the mindset of education to a K-16 focus.

 

The third and final panel focused on innovation across all industries. The panel was moderated by Mathieu Shapiro of Obermayer, and panelists were Tricia Marts of Veolia, Atif Ghauri of Mazars, John Giordano of Archer Law and Terry Booker of Independence Blue Cross. “I was able to walk from my office in Centre Square all the way to the event underground. If anyone from SEPTA is here, that is truly innovation at its finest,” moderator Mathieu Shapiro mused as he kicked off the panel.

Tricia Marts revealed that through Veolia’s partnership with Penn, they have accomplished the equivalent of taking 75,000 cars off the road. Terry Booker spoke to Independence Blue Cross’ partnership with Comcast and its focus on human-centered innovation. John Giordano discussed the innovation he sees in the clients he works with, while Atif Ghauri spoke about the importance of innovation in tech and cybersecurity. “The key term is pace, and the pace of innovation is now,” said Ghauri.

The event was attended by high-level guests and officials from some of Philadelphia’s key industries and economic institutions. Attendees were engaged, high energy and excited despite the bad weather. The house was still full at the end of the event.

“The panels were engaging and educational. This was a wonderful event,” Kathy Schriver of AKA Residences said after the event. Even the rain couldn’t dampen the excitement of celebrating the launch of Invest: Philadelphia!

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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

The Bank of Millennials

By staff writer

January 2019

For the last few years millennials have been accused of “killing” products and industries — everything from Applebee’s to starter homes. Of course, millennials are not the sole cause of the downward trend in purchasing homes and breakfast cereals; rather, they are simply spending their money differently than their parents and grandparents did before them.

With this in mind, our team at Invest: Philadelphia sat down with local industry leaders to look into what effect millennials have had on the city’s, and the country’s, banking and finance industry. Here’s what they had to say:

The world has changed so much for individual investors. People are living much longer than ever before, and the cost of basicneeds like education and healthcare are at an all-time high. We have also seen a shift in financial planning responsibility from institutions to individuals. More and more people, especially younger generations, are looking for ways to secure their futures financially, and we are helping them do that by accessing alternative forms of investments.”

Steve DeAngelis, President, FS Investment Solutions

“Digital connectivity is important right now. With more millennials in the market than ever before who are used to seamless digital experiences, offerings need to be simple, and it needs to be easy to open an account. We have found success customizing our products for the different demographics we serve, like the student loan refinancing program. We provide a number of services online, like wealth management.”

Dan Fitzpatrick, President, Citizens Bank, Mid-Atlantic Region Head of National Industry Verticals, Citizens Bank

“We build long-term relationships with clients through high-touch and high-tech solutions that help establish life plans and stay on track. While the perception is that millennials and the younger populations are savvy with digital products, we think that is true of the more mature generations, too. It is our aim to offer banking how, where and when our clients want it.”

James Dever, Philadelphia Market President, Bank of America

For more information on our interviewees, visit their websites:

FS Investment Solutions: https://www.fsinvestments.com/support/articles/FS-Investment-Solutions

Citizens Bank: https://www.citizensbank.com/HomePage.aspx

Bank of America: https://www.bankofamerica.com/

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