Category: Business

Business news and market updates

  • Brandywine Valley businesses are getting a Christmas bonus — from Longwood Gardens

    Brandywine Valley businesses are getting a Christmas bonus — from Longwood Gardens

    It’s December, by far the coldest week of the season to date and due to get colder, but to Jeff Hulbert, the Brandywine Valley these days evoke July — July at the Jersey Shore, that is.

    Business has been brisk, and the human traffic thick along State Street, where he and partner Sandra Morris own and operate the popular Portabello’s of Kennett Square restaurant.

    Like the peak summer weeks at the Shore, where Hulbert used to work in Atlantic City, this time of year, the Kennett Square area “is twice as busy.” The reason, in a word, is “Longwood.”

    Specifically, the annual “Longwood Christmas” festival, an “economic engine” not only for Kennett but for other towns in the region, said Cheryl B. Kuhn, CEO of the Southern Chester County Chamber of Commerce.

    Longwood has played a “significant role in the area’s growth,” said Nancy Toltain, director of hotel operations at the Hilton Garden Inn in Kennett. Some guests book their reservations a year in advance, she said.

    This year, the merchants on Kennett Street got a jump on the season by turning on the holiday lights and staging the July Fourth-style parade — complete with Mummers and a marching band — on Nov. 22, a week earlier than usual.

    Diners at Portabello’s on Friday evening.

    It was no coincidence that the event coincided with the first weekend that Longwood, four miles to the northeast and about twice the size of the borough, was throwing the switch to illuminate about 500,000 lights for its annual “Longwood Christmas” festival.

    The exuberance is understandable. The Longwood light show is a cause for celebration among the merchants in downtown Kennett Square, a time when business, shall we say, mushrooms in the so-called Mushroom Capital of the World.

    Longwood Christmas is a huge draw — 650,000 people visited last season, which ran from Nov. 22, 2024, to Jan. 11, 2025 — one-third of the annual total. And a whole lot of those who bonded with the plants and the lights ended up in downtown Kennett eating or shopping.

    Moving up the Kennett fest paid immediate dividends, said Daniel Embree, executive director of the Kennett Collaborative, a nonprofit development group that works with Kennett businesses.

    Downtown merchants reported “record-breaking” sales Thanksgiving week, he said, and it gave them five pre-Christmas weekends to make hay, rather than four. They’re planning an encore early start next year.

    Sandra Morris said she and Hulbert will be ready, that in the run-up to the Longwood Christmas, “We know that we need to be staffed up and ready.”

    Local business people and tourism officials say the region’s diverse population and attractions, in addition to Longwood, are tourist draws.

    The Brandywine Museum in Chadds Ford, famous for its Wyeth family paintings, not to mention its elaborate toy train set, and northern Delaware’s Winterthur, with a museum renowned for its Americana collection and its walking paths winding through 1,000 pastoral acres, have long lured holiday crowds.

    But if the area could be likened to a decorated room, Longwood would be the lighted tree with the star on top.

    “If there were no Longwood Gardens, there would be no Portabello’s,” said Hulbert.

    About the Gardens and the Longwood effect

    The theme for Longwood Christmas in 2021 was Fire and Ice, a study in contrasts.

    Longwood Gardens, located on land that Pierre DuPont opened to the public in 1921, is one of the nation’s preeminent horticultural attractions.

    It covers about 1,100 acres, the majority of which is in East Marlborough Township, with the rest in Kennett and Pennsbury Townships. (It has a Kennett Square postal address, but none of it is in the borough, popular perception notwithstanding.)

    About 1.78 million people visited in the fiscal year that ended Sept. 30, said spokesperson Patricia Evans, more than double the total of 15 years ago. According to its tax filing for the previous fiscal year, it generated about $35 million in admission and restaurant revenue.

    Longwood’s $250 million investment in new buildings and landscaping, part of the “Longwood Reimagined” project, was completed just before last season’s Longwood Christmas, and that likely contributed to a 7% increase in the holiday traffic, compared with last season, Evans said.

    All the land and its building are worth about $160 million, according to Chester County tax records.

    Close to 90% of that is tax exempt, Longwood having won a landmark case in the late 1990s, but local officials and business people say the region has reaped significant economic benefits from the gardens.

    “Longwood is an excellent regional partner,” said Chester County Tourism’s Nina Kelly.

    While the biggest impacts have been on local tourism and hotels, the presence of Longwood probably has given a boost to property values in the area, at least indirectly, said Geoffrey Bosley owner of the local real estate concern LGB Properties & The Market at Liberty Place, a food court and event space on State Street.

    In Kennett Square, aggregate commercial property values have increased nearly 30% in the last 20 years, adjusting for inflation, state tax records show.

    Longwood and Kennett Square

    Portabello’s Restaurant with the owners, Sandra Morris and Brett Hulbert.

    Kennett Square, literally a square mile, is home to many of those who work in the local mushroom industry. Latino residents constitute about half the borough’s population.

    Its median household income, about $75,000, according to Census figures, is among the lowest in Chester County and about half that of some of its wealthier neighboring towns.

    Tourism, particularly Longwood-related, has been a huge boon to the businesses by any measure.

    While the town has just under 6,000 residents, it has a total restaurant seating capacity of 2,000, said Hulbert.

    In all, the downtown has about 150 businesses, said Embree. Part of the allure is Kennett Square’s quaintness and unaffected small-town atmosphere, but Longwood is a huge factor. “That’s why they want to be here,” he said.

    Said Hulbert, “When Longwood Gardens is slow, we are slow. When they are busy, we are busy.”

    While moving up the Kennett Square’s holiday parade gave sales a healthy boost, “I don’t want to overstate the significance of the date,” Embree said.

    Longwood has supported the Kennett Collaborative financially and in other ways, said Embree. The illuminated decorative bunting on State Street was donated by Longwood, a highlight in the conservatory during the 2023 display.

    Said Geoffrey Bosley, “I don’t think you would have as robust a town if we didn’t have a Longwood that would drive so much traffic, especially during the holiday season.”

  • Mental health workers in Philadelphia unionize following changes in their workplace and patient care

    Mental health workers in Philadelphia unionize following changes in their workplace and patient care

    Mental health professionals at Rogers Behavioral Health in West Philadelphia have formed a union, citing increased workloads and business changes that diminished patient care.

    The nonprofit mental healthcare provider last year transitioned from individual patient sessions to a group care model, said Tiffany Murphy, a licensed professional counselor and therapist at the facility. Some workers there were also moved from salaried to hourly positions then forced to reduce hours, their union has said.

    Some patients and workers have left amid the changes, says Murphy, estimating that 22 of her colleagues have quit in the past year.

    “A lot of us sort of put our jobs on the line by [unionizing], because we believe in the organization, but more so, we believe in our patients. We wanted to provide the best patient care that we possibly could for them,” said Murphy.

    The 19 West Philadelphia Rogers employees, including therapists and behavioral specialists, filed their petition last month to unionize with the National Union of Healthcare Workers. Rogers voluntarily recognized the union, according to NUHW, marking the union’s first unit in Pennsylvania.

    NUHW represents some 19,000 healthcare workers, primarily in California.

    Sal Rosselli, NUHW president emeritus, said the union is pleased that Rogers accepted the petition. “All too often, employers do the opposite and put together very anti-union campaigns, spending all kinds of patient care dollars to prevent their workers from organizing,” he said.

    The Philadelphia metro area, which also includes Camden and Wilmington, has the fifth-highest number of working therapists among U.S. metros, according to the Bureau of Labor Statistics. This region employs just over 500 therapists, with average salary of $79,510.

    A spokesperson for Rogers declined to comment on employees’ organizing efforts and remarks on workplace changes.

    Rogers provides addiction treatment and mental healthcare with facilities in 10 states. In Philadelphia, the nonprofit offers outpatient treatment and partial hospitalization, treating patients with depression, anxiety, and obsessive-compulsive disorder.

    In recent years, Rogers workers in California also unionized with NUHW. Their recently forged union contract includes caseload limits and a cap on how many newly admitted patients can be assigned to each therapist or nurse.

    Thousands of healthcare workers in the Philadelphia area have moved to unionize in recent years.

    Within the past few years, residents at Penn Medicine and the Rutgers University health system finalized their first contracts with their health systems, and attending doctors at ChristianaCare became the first group of post-training physicians in the region to unionize. Residents at Temple University Hospital, Thomas Jefferson University Hospitals, ChristianaCare, and Jefferson’s Einstein Healthcare Network also voted to unionize in early 2025. Residents at Children’s Hospital of Philadelphia narrowly voted against joining a union.

    The organizing push means that about 81% of the city’s resident physicians are unionized.

    What do workers want?

    When Murphy first started working at the Rogers facility in Philadelphia 4½ years ago, she said there was “a really good work-life balance.”

    At the time, clinicians had four patients per day, provided individualized care, and led group sessions. As the organization moved toward group counseling, she said, caseloads have grown, with up to 12 patients in each group.

    The organization hired behavioral specialists to support therapists, said Murphy, but “it was difficult to provide the patients with the care that they really needed and deserved with the new structure.”

    Some patients and staff left because of the new model, said Murphy.

    This year, some salaried workers were switched to hourly, and Rogers started sending workers home due to low patient demand, leaving the rest with larger workloads, according to the union. That meant some used paid time off to avoid going without pay, said Murphy.

    When Philadelphia Rogers employees heard their colleagues in California were unionizing, “That became a bit enticing to us,” said Murphy, noting the workplace had become challenging and sometimes “unbearable.”

    Now, she says, the union members want more manageable caseloads — or pay increases to account for the larger caseloads — and a return to the old pay model for those who were switched to hourly work.

    “We are unionizing to have a voice at work that will allow us to promote a healthier work-life balance as well as high-quality sustainable patient care,” therapist Sara Deichman said in a union news release.

    Where else have mental health workers unionized?

    The organizing in Philadelphia comes as the U.S. faces a shortage of mental healthcare professionals, and in the wake of a demand surge from the pandemic.

    “The industry is forcing fewer providers to care for more and more patients because the focus is on the bottom line,” said Rosselli.

    Staffing concerns plague the healthcare industry generally, said Rebecca Givan, an associate professor at Rutgers University’s School of Management and Labor Relations.

    “If the facility wants to hold down costs, it tries to keep staffing levels as low as possible,” said Givan. “In the case of mental health providers, it can be about shortening appointment times or increasing caseloads so that each provider has a very large number of cases or clients.”

    She says there’s not “a huge amount of union representation” in stand-alone behavioral health facilities, but some public hospitals are unionized.

    Private practice mental health workers can’t unionize because they’re self employed, Givan noted, but “one could argue that they might benefit from collectively negotiating, for example, with the insurance companies that determine their reimbursement rates.”

    NUHW is leading efforts to organize independent providers. The goal, Rosselli says, is to “establish an employer for them so that they can have leverage against insurance companies to increase pay and increase access to patient care issues.”

    The union has already done this in the home care industry in California, Rosselli noted.

    Staff reporter Aubrey Whelan contributed to this article.

  • Philly is now the No. 1 market for online gambling companies — and addiction helplines are ringing off the hook

    Philly is now the No. 1 market for online gambling companies — and addiction helplines are ringing off the hook

    One man, buried under $20,000 in online gambling debt, became homeless. A woman lost $13,000 and missed her last five mortgage payments. A mother gambled away her son’s college tuition, piling up over $100,000 in debt.

    Such dire stories — shared with gambling helplines in Pennsylvania and New Jersey in recent years — are on the rise. And for the growing number of people, the problem isn’t the casino, but the apps on their phones that let them gamble anywhere, 24-7.

    “My family is hosting fundraisers for my son who had a stroke, and here I am, gambling on my phone,” one caller said. “What’s wrong with me?”

    The Philadelphia media market — which encompasses the city, Southeastern Pennsylvania, and central and southern New Jersey — has become an epicenter of online gambling in the United States. In 2024, internet gaming and sports wagering revenues alone topped $6 billion in Pennsylvania and New Jersey, up from about $3.6 billion in 2021.

    In the same period, the number of calls and texts to 1-800-GAMBLER rose in both Pennsylvania and New Jersey, two of only six states in the U.S. where both sports betting and online casino games are legal. But calls about online gambling problems rose significantly more — 180% in Pennsylvania and 160% in New Jersey in that period. In 2019, only about one in 10 Pennsylvania callers said online gambling was the main issue. By 2024, it was every other caller.

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    The Inquirer analyzed anonymized helpline call logs, state revenue reports, and advertising data to shed light on how the Philadelphia-area market has become a hub for the online gambling industry. An increasing volume of gamblers face financial devastation as they struggle to get off the apps.

    As of this fall, the Philadelphia media market outpaced New York City and Las Vegas as the No. 1 market for internet gambling advertisement, with companies spending more than $37 million on ads between January and September, according to data provided by Nielsen Ad Intel.

    As many as 30% of Pennsylvania adults now gamble on online sports with some regularity, according to researchers at Pennsylvania State University who conduct an annual, state-funded survey of online gambling. And as many as 6% of Pennsylvanians, or 785,000 people, are estimated to be problem gamblers, according to the most recent survey, which is not yet published.

    While problem gambling has a range of severity, the American Psychiatric Association recognizes it as a mental health condition. A gambling disorder is defined by a persistent pattern of problematic betting with an inability to limit or stop, leading to emotional, financial, and or relational distress.

    For many, the losses are crushing. In New Jersey, helpline callers reported a combined $28 million in debt at least among people who disclosed this financial information, averaging about $34,000 for each of these callers. In Pennsylvania, 60% of those people willing to share said they owed money, though the state does not track totals.

    Across both states, callers reported they had drained entire retirement accounts, lost homes to bank foreclosure, or blown through entire paychecks. One anonymous caller in New Jersey reported losing $400,000 in a single night — his life savings.

    “We [also] have people who call us and say, ‘I think I’m doing this too much. I think I need a little bit of help,’” said Josh Ercole, executive director of the Council on Compulsive Gambling of Pennsylvania, the state-funded nonprofit that runs the hotline for the commonwealth’s residents.

    Four calls made in New Jersey between 2023 and 2024 were about children under the age of 12 struggling with gambling problems, according to the state’s fiscal year report. Ten other calls were about children under the age of 18. In Pennsylvania, 10 calls involved children between the ages of 13 and 17.

    Experts say the explosion of sports betting and casino apps has fueled what is increasingly seen as a public health crisis, as gambling profits and state tax revenues derived from them have soared since sports betting’s legalization in 2018. And Philadelphia is now viewed as something of a promised land for e-gambling boosters.

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    Uttara Madurai Ananthakrishnan, an economics professor at the University of Washington who has studied the psychology of gambling, said lawmakers have struggled to keep pace with the industry’s meteoric growth.

    “I don’t think people expected it to explode at this level,” said Madurai Ananthakrishnan, who previously worked in Pennsylvania. “All of this is going to slowly add up and cause a ton of issues downstream.”

    Harrisburg also benefited handsomely from the high rollers, drawing $165 million last year in gambling taxes, up from $46 million five years prior. About $10 million was earmarked for gambling addiction helplines and treatment programs, which came directly from industry profits.

    Online betting now accounts for nearly half of all gambling revenue in Pennsylvania, according to an Inquirer analysis of state reports. Pennsylvanians wagered a staggering $8.3 billion during the 2024-25 fiscal year in online sports betting alone, making it by far the most popular gambling method. Total revenue for sportsbook and iGaming sites rose past $2.9 billion last year.

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    In New Jersey gaming revenue was nearly $6.3 billion in 2024 — $3.3 billion of which came from internet gaming and sports wagering, according to the state’s Casino Control Commission’s annual report.

    Yet the amount spent online is almost certainly higher than what states can track — as is the number of people who have developed online problems.

    Caron Treatment Center, a Pennsylvania-based substance use treatment facility, said 160 people in their inpatient treatment problem were struggling with gambling this year — a 162% increase from five years ago.

    “I’ve been getting call after call about gambling,” said Eric Webber, a behavioral health specialist and gambling counselor at Caron. “It’s a national crisis that doesn’t have a national solution.”

    Fewer than two dozen gambling sites are technically legal in Pennsylvania. But thanks to pervasive online advertising, many gamblers now use so-called offshore gambling sites that are not regulated by the state.

    As of last year, more than 20% of online gamblers were using these illegal or unregulated sites, according to the 2024 Penn State report. Such sites often lack state-mandated guardrails like easily allowing users to set weekly betting limits or request a “self-exclusion” — a voluntary ban from licensed casinos, internet-based gambling, video gaming terminals, and fantasy sports wagering.

    Self-exclusions in Pennsylvania are higher this year than last year — 8,315 people have already opted out compared with the 7,489 people who requested a ban through Dec. 31 of last year.

    Major online sportsbooks say they are going above and beyond.

    Beyond self-imposed spending limits, FanDuel, one of the largest sports betting advertisers in the Philadelphia market, introduced a dashboard to allow gamblers to track their spending habits. The company also began tracking betting patterns on its platform and alerting customers when they bet more than their normal wager.

    “When users attempt to deposit significantly more than their predicted amount, we surface that information to them and prompt them to reduce their deposit or to set a go-forward deposit limit,” a FanDuel spokesperson said.

    DraftKings, in a statement, said it works closely with a gambling company alliance to support responsible betting, “leveraging technology to help detect signs of potentially problematic behavior.”

    Some lawmakers want to see more regulation. State Rep. Tarik Khan, a Democrat who represents parts of Montgomery County and Philadelphia, has called for hearings to examine best practices to rein in an industry that he said heavily targets youth.

    “More and more people, especially young people, are getting addicted to it, and blowing large portions of their paychecks on feeding this addiction,” Khan said. “It’s already pervasive, and it’s going to get worse.”

    ‘I’ve gambled everything away on FanDuel’

    In New Jersey, more than half of the callers to gambling hotlines who disclosed their age were under 35. In Pennsylvania, people under 35 accounted for 41% of callers.

    “Things have shifted to a younger crowd,” said Ercole, of the Council on Compulsive Gambling of Pennsylvania. “Typically our highest call volume used to be in the 35 to 55 ranges.”

    People from all professions are affected — nurses, construction workers, software engineers, chefs, attorneys, postal workers, microbiologists, and tattoo artists. Some are students, retirees, or unemployed.

    Regardless of one’s income level, online gambling can put serious strain on personal and professional lives. Some people told of losing contact with their parents, getting divorced, or being cut off from friends.

    Others lost jobs or had their homes and cars repossessed.

    “I have nothing,” a 30-year-old caller told a New Jersey helpline operator in 2023. “I’ve gambled everything away on FanDuel.”

    Most people are calling about their own gambling problems. But dozens of family members called to ask for help with their loved ones’ betting. In one case, a woman asked if she could use her father’s Social Security number to ban him from online betting apps.

    Many gamblers do not call the hotlines or seek professional help until they face financial ruin or they are confronted by family members.

    At the height of his problem, one man from New Jersey started gambling on Russian table tennis matches and Australian basketball games. His wife, who spoke to The Inquirer on condition of anonymity to discuss a sensitive family matter, said his compulsion had grown so severe that he needed a fix to hold him over between sports seasons.

    “He was betting $1,000 on a sport he knows nothing about, played by people he’s never heard of before,” his wife said.

    The husband kept his gambling hidden for her years, until she found his secret bank account — along with two dozen maxed-out credit cards and records of tribal loans he had taken out, one of them with a 300% interest rate. She also learned that, in 2021, he had quietly lost $70,000 while the newlyweds were on their honeymoon in France.

    “It’s horrifying,” she said.

    FanDuel, DraftKings and other online gambling apps are displayed on a phone. (AP Photo/Jeff Chiu, File)

    The casino-to-app pipeline

    Across Pennsylvania, as of 2024, people sought help for addiction to internet games more than any other type of gambling, especially in the suburbs.

    In Montgomery County, the most common type of gambling problem cited was internet slots — with 47 calls. In Bucks, internet sports had the highest volume with 34 calls.

    In Philadelphia, home to both Live! Casino and Rivers Casino, in-person games remain the largest reported problem for struggling gamblers, according to call center logs.

    Some brick-and-mortar casinos, however, have seen business drop as bettors migrate to their phones. At Rivers Casino Philadelphia, sports-betting revenue fell from $29 million in fiscal 2019 — the first full year of legal wagering — to $11 million in 2024, according to state records.

    But even in Philadelphia, a county with two casinos, the number of calls and texts for online gambling shot up in recent years. And experts say that people who gamble exclusively online show heightened risk.

    “You can get cut off at the casino. You could walk away from the machine,” said Gillian Russell, an assistant Penn State professor who works on the annual online gambling survey. “Those things that maybe cause breaks, a lot of those things are removed.”

    About 13% of people who gamble both online and in person were classified as problem or pathological gamblers, according to the 2024 Penn State survey. Online-only gamblers, though just 3% of the total gambling population, showed even greater risk: 37% fell into problem categories.

    Prop bets, the practice of betting on various occurrences within a game rather than just the outcome, are a pointed concern. Such wagers have come under scrutiny as bet-fixing schemes ensnare athletes from the NBA, MLB, the NCAA, and even niche sports like table tennis.

    Among normal gamblers, however, prop bettors are far more likely to develop problems, Russell said. Webber, the gambling counselor, likened in-game prop betting to a constant stream of small dopamine hits, which create a kind of withdrawal.

    And with gambling sites offering bonus cash and rewards points, he said, the temptation can feel constant.

    “DraftKings says, ‘Hey, I haven’t seen you in a couple weeks, here’s $50.’ The local beer distributor doesn’t say, ‘Hey, you haven’t been here in a while, here’s a cold six-pack,’” he said. “That doesn’t help somebody who’s struggling.”

  • Sarah Test 2 – Adding Gallery

    Sarah Test 2 – Adding Gallery

    Hello word!!

    Adding HTML

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  • Your next chance to get FIFA World Cup tickets starts Thursday

    Your next chance to get FIFA World Cup tickets starts Thursday

    The 2026 FIFA World Cup is officially six months away, and Philadelphians’ next chance to buy general admission tickets starts Thursday.

    From Dec. 11 to Jan. 13, fans can enter a lottery for the chance to buy World Cup match tickets, like the two previous lottery phases. The “random selection draw” is the third of several ticket sale phases leading up to the World Cup’s first match on June 11, 2026, in Mexico City.

    During the first two ticket phases, the United States, Canada, and Mexico (in that order) drove the bulk of ticket sales, according to FIFA. Fans in 212 countries have bought tickets.

    However, since the final draw on Friday, the World Cup matchups and schedule have been finalized. This will be the first ticket sale phase in which fans can apply for single-game tickets for exact matchups and teams.

    Next year’s World Cup will take place in 16 cities across the United States, Canada, and Mexico, including in Philadelphia, where six matches will be played. Powerhouses Brazil and France, home to some of the world’s best players, are confirmed to be playing in the City of Brotherly Love.

    Brazil’s Raphinha (center) celebrates with teammate Vinícius Júnior after scoring his side’s opening goal against Venezuela during a World Cup qualifying match.

    How to enter the random selection draw for FIFA World Cup tickets

    To enter the ticket lottery, applicants must first create a FIFA ID at FIFA.com/tickets.

    The lottery application form will become available on FIFA’s website starting at 11 a.m. Thursday and will close at 11 a.m. on Jan. 13.

    Log in during the application window and complete the random selection draw application form.

    Winners will be selected in a random draw, with notifications starting soon after Jan. 13. Those selected will receive an assigned date and time to purchase tickets, subject to availability.

    Single-match tickets to all 104 games, plus venue-specific and team-specific options, will be made available to choose from. That means fans in the Philadelphia area could buy tickets for matches at Lincoln Financial Field — if selected.

    Fans who have applied to previous ticket sale lotteries must submit a new application form.

  • Longtime Philly grocer Jeff Brown buys his fourth ShopRite-anchored complex for $30.8 million

    Longtime Philly grocer Jeff Brown buys his fourth ShopRite-anchored complex for $30.8 million

    Jeff Brown, the fourth-generation Philly grocer, has added another ShopRite shopping center to his real estate portfolio.

    The Brown family, which operates a dozen local ShopRites, recently purchased the Shoppes at Wissinoming for $30.8 million, according to JLL real estate, which represented the seller. The nearly 98,000-square-foot complex in Northeast Philadelphia is anchored by one of Brown’s ShopRites.

    “We think it’s important to own the real estate where our supermarkets are located, so we can ensure the long-term healthy food access for the local community and the overall sustainability of our stores,” Brown, executive chairman of Brown’s Super Stores, said in a statement. “We are excited to add the Shoppes at Wissinoming shopping center to our real estate properties.”

    Brown said he owns the shopping centers surrounding his ShopRites in Cheltenham, Brooklawn, and Roxborough.

    The ShopRite in Roxborough, pictured in 2020, is run by Jeff Brown and located in a complex owned by the longtime grocer.

    The family also runs ShopRites in Eastwick, Nicetown, Parkside, Port Richmond, South Philadelphia, Bensalem, Fairless Hills, and Mullica Hill..

    The ShopRite at the Shoppes at Wissinoming opened in 2018, and was acquired by Brown earlier this year. The grocery store anchors the center, occupying about 68,000 square feet.

    The complex is 98% occupied, according to JLL. Other tenants include Wawa, Popeyes, and AT&T.

    “The transaction reflects broader trends in the retail investment market, where investors continue to prioritize grocery-anchored properties with proven tenant performance,” said Jim Galbally, JLL senior managing director. “Shoppes at Wissinoming has an ideal combination of dominant grocery anchor, diverse tenant mix, and strategic location within one of Philadelphia’s most densely populated submarkets.”

    Brown and his wife, Sandra, have been running grocery stores for nearly four decades. Over the years, the family has received national attention for opening stores in underserved neighborhoods, hiring people who were formerly incarcerated, and partnering with Black-owned businesses.

    Better Box owner Tamekah Bost (left) talks with ShopRite owner Jeff Brown at the Cheltenham ShopRite in 2021. Brown has brought local restaurateurs into his stores.

    An outspoken critic of former Mayor Jim Kenney’s soda tax, Brown ran an unsuccessful campaign for mayor in 2023. During his run, the city’s Board of Ethics accused Brown of campaign-finance violations, over which Brown later sued. The lawsuit was dismissed last year by a Philadelphia Common Pleas Court judge. During Brown’s campaign, The Inquirer also reported that his grocery stores had received $1.5 million from a nonprofit he founded.

    After Brown lost to now-Mayor Cherelle L. Parker in the Democratic primary, his grocery chain went on to further expand its holdings, making a substantial investment in DiBruno Brothers in 2024.

    Brown’s Super Stores is headquartered in Gloucester County and also runs the Fresh Grocer stores near City Avenue and in Wyncote.

  • A worker cooperative is a different form of employee benefit. Some say it’s better

    A worker cooperative is a different form of employee benefit. Some say it’s better

    Thinking of selling your business? Or starting a business? You may want to consider a worker cooperative.

    This type of business structure is different from a consumer cooperative, where customers each own a piece of the organization in exchange for a membership. It’s also different from an employee stock ownership plan where ownership is assigned to employees based on other factors such as compensation, responsibility, and tenure; retirement value builds up; and day-to-day control is given up to management.

    A worker cooperative is a form of business organization where all workers equally own the business. There are no majority shareholders. Management is elected by the workers and reports to the workers. All profits are shared equally.

    One example is Home Care Associates of Philadelphia, a worker-owned, women-led cooperative providing in-home personal care, mobility support, and household assistance to seniors and people with disabilities in the Philadelphia region. Employees can buy one share of the company for $500 via payroll after a probationary period.

    “You have full rights at that point to run for a seat on the board, to participate in the worker-owner meetings, and to vote,” said CEO Tatia Cooper. “If anyone decides not to be a worker-owner anymore, they get the full amount back that they invested.”

    Pennsylvania is one of the easier places in the country to form a worker’s cooperative, according to Kevin McPhillips, the CEO of the Havertown-based nonprofit Pennsylvania Center for Employee Ownership, because the commonwealth has designated this type of organization separately from other business forms like corporations and partnerships. New Jersey also has specific regulations enabling the formation of worker cooperatives.

    Why should a business consider the worker cooperative structure?

    For many it builds stronger retention and loyalty to the organization. When people are owners, they have more devotion to the company, so turnover is generally lower, resulting in lower costs for recruiting, hiring, and onboarding.

    Some believe worker cooperatives are more apt to deliver better service because the employees care more about their end work product. They’re more devoted to safety, quality, and minimizing waste.

    “Home care agencies struggle with retention and providing consistent care,” says Cooper. “For the simple fact that you have workers who stay longer, it really impacts your bottom line.”

    Cooper also believes that when workers have a say in how the business is run and the work that they do, they feel more empowered and that then translates to better care.

    Scott Moon, the executive director at Baker Project, an employee ownership advocacy group related to the Pennsylvania Center for Employee Ownership, says that while worker cooperatives can be a good vehicle for succession planning, owners will need to make some hard decisions about their objectives if they’re looking to sell their business.

    “Business owners who are having a difficult time finding a buyer for their company but want to see it continue to exist and support their employees can use a worker cooperative as a way to pass their work to a new generation of owners,” he said.

    Jobs and the company’s brand can be kept in place and the owner can be paid for the value of their company by the workers via a seller’s note or through a bank loan, which is serviced by the company.

    “There are many owners who feel it’s not just about selling and that their business has an ongoing responsibility to their employees, their customers, and their community,” Moon said. “So this type of strategy best fits those goals.”

    Cooper has found that their organization has a unique culture because of their employee ownership structure.

    “It’s the kind of environment where workers can say, ‘Hey, listen, I see a problem, I see a gap. Here’s how I think we should solve it. What do we need to do to make it happen?,” she said. “We have a happiness committee, we have a policy action group, we have a safety committee all led by board members who are worker-owners.”

    Downsides of worker cooperatives

    Worker cooperatives have their drawbacks. Owners need to understand that they’re giving up complete control.

    Because decisions are being made by elected groups of managers that need approval from employees, processes can be slower and potentially messier. Everything is open for scrutiny, and sometimes this level of transparency can hinder decision-making. Some employees may be enthusiastic about attending meetings and paying attention to the organization’s management, but others may not be up for the time and responsibility it takes.

    Financing is also harder. According to Cooper, banking is a “real challenge” because, in her experience, worker cooperatives can’t apply for typical small-business loans.

    “Most financial entities are looking for someone who owns 5% or more of the company, and we’re constantly explaining to banks and other institutions that this is a different model,” she said. “This is something that we’ve been advocating for with legislators, but it still continues to be a struggle.”

    For those interested in forming a worker’s cooperative, many organizations can help. For example, the U.S. Federation of Worker Cooperatives and the Democracy at Work Institute both provide technical assistance, education/training, advocacy, and a directory of worker co-ops. Other organizations like the ICA Group, Project Equity, and Workers to Owners Collaborative help businesses transition from a traditional form of ownership to worker ownership.

    Cooper acknowledges that worker cooperatives aren’t for everyone, but they do present a “unique way” of viewing work.

    “In my opinion, the benefits outweigh the challenges,” she said. “It’s about everyone feeling empowered to do their best.”

  • Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix

    Paramount goes hostile in bid for Warner Bros., challenging a $72 billion bid by Netflix

    NEW YORK — Paramount has gone hostile bid for Warner Bros. Discovery, challenging Netflix which reached a $72 billion takeover deal with the company just days ago.

    Paramount said Monday that it is going straight to Warner Bros. shareholders with a $30 per share cash bid for the entirety of the company including its Global Networks business, asking them to reject the deal with Netflix.

    That is the same bid that Warner Brothers rejected in favor of the offer from Netflix in a merger that would alter the U.S. entertainment landscape.

    Paramount criticized the Netflix offer, saying it “exposes WBD shareholders to a protracted multi-jurisdictional regulatory clearance process with an uncertain outcome along with a complex and volatile mix of equity and cash.”

    Paramount said it had submitted six proposals to Warner Bros. Discovery over a 12 week period.

    “We believe our offer will create a stronger Hollywood. It is in the best interests of the creative community, consumers and the movie theater industry,” Paramount Chairman and CEO David Ellison said in a statement. ”We believe they will benefit from the enhanced competition, higher content spend and theatrical release output, and a greater number of movies in theaters as a result of our proposed transaction,”

    On Friday Netflix struck a deal to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max. The cash and stock deal is valued at $27.75 per Warner share, giving it a total enterprise value of $82.7 billion, including debt. The transaction is expected to close in the next 12 to 18 months, after Warner completes its previously announced separation of its cable operations. Not included in the deal are networks such as CNN and Discovery.

    But President Donald Trump said Sunday that the deal struck by Netflix to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share.

    The Republican president said he will be involved in the decision about whether the federal government should approve the $72 billion deal.

    Paramount’s tender offer is set to expire on Jan. 8, 2026, unless it’s extended.

    Shares of Warner Bros. and Paramount jumped between 5% and 6% at the opening bell Monday. Shares of Netflix edged lower.

  • How these Philly-area consumers are spending $150 on all their holiday gifts

    How these Philly-area consumers are spending $150 on all their holiday gifts

    Kacii Hamer has no financial stress this holiday season.

    In past years, “holidays were always ‘give, give, give,’ and that’s what I always felt like I had to do,” said Hamer, a 33-year-old pre-K teacher and wedding photographer. Back then, “I couldn’t imagine thrifting gifts or DIYing gifts. You have that fear of ‘Oh my god, are these people going to judge me?’ or ‘Is this good enough?’”

    This year, however, Hamer is celebrating “Thriftmas,” a social-media trend where participants buy many of their holiday gifts secondhand.

    Between a family Pollyanna, a gift for her boyfriend, and a present for her goddaughter, she plans to spend no more than $150 total. For her goddaughter, she is sanding and repainting a $14 rocking horse that she got at the 2nd Ave. Thrift store in South Philadelphia.

    The thrift-focused holiday season will mark a fitting end to what Hamer calls her first “hardcore” low-buy year, one during which she cut out most nonessential spending.

    Hamer, who splits her time between the Philadelphia region and Scranton, was one of several low- and no-buyers whom The Inquirer talked with in April.

    The frugal challenge took off this year amid broader economic pressures, including continued inflation. Philly-area participants said they were trying to save money, pay off debt, reduce waste, and, in some cases, stop patronizing large retailers that don’t align with their values.

    Now as the holidays approach, some low- and no-buyers are making exceptions for gifts, or using some of their recent savings to fund their festivities.

    Others, however, are standing firm in their low-spending habits. They’re setting budgets, trimming their gift-recipient lists, or shopping secondhand.

    Shoppers descend on the King of Prussia Mall on Black Friday in this 2022 file photo.

    This time of year, some local low-buyers said, it requires extra strength to resist consumerist pressures and go against the norm. Each U.S. adult is expected to spend about $628 on average on holiday gifts this year, according to the National Retail Federation, which anticipates overall holiday spending will surpass $1 trillion for the first time ever.

    At the same time, others say economic uncertainty has made for easier conversations about gifting.

    “I’m not under pressure to spend, and I think this year it’s actually easier to [cut back on gifts] than in years past,” said Mylena Sutton, 48, of Voorhees. “A lot of my friends are sensitive to what’s happening in the economy … you don’t have to explain.”

    Parents buying less for Christmas

    Some Philly-area parents have found that Santa can be thrifty, too.

    Heather Fertig, 38, of Fishtown, said about 80% of her toddler’s Christmas gifts will be secondhand. They’ll include a marble run, which she bought this week from a local thrift store, and a wooden train table, for which she remains on the hunt.

    Thanks to secondhand stores, Facebook marketplace, and neighborhood parent groups, Fertig, a stay-at-home mom, said she and her husband will likely spend about $150 in all.

    Her motivation is as much environmental as it is financial.

    After having her son, she realized, “Wow, there is so much waste,” Fertig said. “I kind of felt, previous to that, that there was a stigma around getting things secondhand.”

    But “it was never there,” she added. “It was this made-up thing that everything had to be brand-new to you.”

    Santa James Claus greets children at the Fashion District in this 2022 file photo. Some local parents have found Santa can cut back on spending, too.

    For young children, whose interests change so quickly, it makes even more sense to buy items secondhand, Fertig said. On Christmas morning, her 2-year-old doesn’t know the difference.

    “He’s just as happy as if I bought it straight from Walmart,” she said.

    In Montgomery County, Jenna Harris-Mosley said she takes a combo approach to gift-giving for her 5-year-old daughter, whose birthday is on New Year’s Eve.

    The 41-year-old bought some smaller, new gifts, including Shrek snow globes and Squishmallow stuffed toys, throughout the year to spread out spending.

    She plans to get other items secondhand, including one or two American Girl dolls for $20-$30 each. And she will set aside some money for experiences, such as an upcoming day trip to New York City for tea at the American Girl store — with the new-to-her doll, of course.

    Harris-Mosley said she took an especially intentional approach to spending this year after getting laid off from her job in tech sales in October. It has helped that she had already bought many of her daughter’s Christmas and birthday gifts when she found deals earlier in the year, she said.

    “I have things hidden in every corner of my house,” she said. And as for grown-ups “I don’t stress myself about holiday gifts,” figuring most adults in her life have the things they need — and can buy things they don’t.

    In Port Richmond, Rachel Dwyer is making homemade felt ornaments for the adults on her list, and getting two books for each child. The 34-year-old nanny has learned that too many toys and trinkets can be overwhelming for kids and parents.

    “It’s just a lot of clutter,” she said, “and a lot of junk.”

    People walk through the Shops at Liberty Place in this 2021 file photo.

    How to spend less on holiday gifts

    Seasoned low-buyers say it’s hard to cut back on spending. But once you get over the initial hurdle, they say, it’s freeing.

    “Push through the fear,” Hamer said. “It feels nice going into the holidays with such a positive attitude.”

    In South Jersey, Sutton has never been a big holiday gift-giver, saying she prefers to buy loved ones presents intentionally throughout the year.

    If others feel overwhelmed by their holiday gifts-to-buy list, she recommends they ask themselves: “Do you do these things because they have value for you? Or do you do these things because they are expected?”

    People browse the Christmas Village at LOVE Park in this 2021 file photo.

    “Be brazen about it,” said Sutton, a consultant and leadership coach. That might mean telling people: “If you only get me a gift because you expect an exchange, don’t buy me one.”

    “People who have stayed away from thrifting should get back into it,” said Jen Benner, 34, of Conshohocken. “The thrift stores are jam-packed with very good stuff.”

    If you aren’t sure about buying secondhand, “start small. Start with a child’s gift or a truck or a train or something little,” Fertig said. “Work your way up to bigger items.”

    Benner, a real estate agent, keeps a running list on her phone of gift ideas that her loved ones mention throughout the year. This can save time and anxiety around the holidays, and reduce the urge to overspend.

    Remember, too, that the most meaningful gifts can be among the least expensive, Dwyer said. She recommends personalized, handmade gifts or framed photos, as well as gifts of time or skills, such as a babysitting session, a home-cooked meal, or a family-photo session.

  • Sarah Test 2-  Adding elements – Update on 12/10

    Sarah Test 2- Adding elements – Update on 12/10

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    SEPTA strike is ‘imminent,’ say TWU leaders

    Its cash reserves have fallen to $208 million, while its debt stands at $1.6 billion, according to Fitch. Fitch called that “precipitously weak.” By contrast, Temple University Health System reported Wednesday that its cash reserves amounted to 218% of its debt at the end of June.

    Tower’s low cash reserves and large debt load mean that its ability to invest in its facilities is extremely limited, effectively only fixing things that break, Fitch said. Long-term, that would make it increasingly difficult to attract patients.

    [Temple University Health System reported a $64 million annual operating loss, its first since 2014] Edit info

    Fitch noted, however, that Tower had improved financial performance from April through June.

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    The Himalayan Institute, In Honesdale, Pa.
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