Despite deploying additional funds to help businesses during the pandemic, the Philadelphia region’s most active seed fund still struggled to expand its total company portfolio, create jobs, and retain employees in 2020.
We’re in the era of stakeholder capitalism.
Thinking has shifted about companies’ responsibilities to society. Now, it’s more generally believed, a company owes more to those affected by its work — customers, employees, suppliers, communities — than to its shareholders. Accordingly, employee ownership is emerging as part of the discussion on fulfilling those responsibilities.
More than year after the pandemic changed how professionals worked, the City of Brotherly Love is showing new signs of life. At the same time, though Philadelphia has slipped in the year-over-year rankings of national real estate services firm CBRE’s annual report on tech talent, steady growth is still happening in the market.
This week’s Well City Expo marked the culmination of several months of work and business development for five Philly startups.
Bringing years of experience working with small firms, Philadelphia business leader Donavan West is building a new program to help the local small business community: The tentatively-named Black Business Accelerator (not to be confused with Amazon‘s Black Business Accelerator of the same name).
Boomi is set to have new owners.
The Chesterbrook-based SaaS company, which was first acquired by Dell more than a decade ago, is now the center of an impending deal to be spun out of the computing giant to global investment firms Francisco Partners and TPG Capital.