Oct20Tue

Member News from John Furey

Why fast-growing Philadelphia biotech firm Imvax picked the iconic Curtis building for its new HQ
Philadelphia Business Journal

Imvax expected to host an event in April or May to unveil its new headquarters at The Curtis in the Old City section of Philadelphia, but the ongoing pandemic scuttled those plans.

“Covid-19 clearly got in the way,” said John Furey, the former Spark Therapeutics executive who was hired as CEO of Imvax last year. “Once we see the light at the end of the tunnel with all of this, we’ll do something” to show off the new space.

The company previously operated out of a small office in Chestnut Hill and took the 17,000 square feet of space at the iconic Curtis building to keep up with its expansion.

Click HERE to read more.

Oct19Mon

Member News from Villanova University

Fr. Donohue, 2020 Taoiseach Award Recipient (2/28/20)

THE INTERVIEW: Villanova’s Peter Donohue on leadership during the pandemic
Philadelphia Business Journal

Despite having about 5,000 students living on campus this semester, Rev. Peter Donohue says Villanova University is disquietingly … quiet.

The coronavirus pandemic has prevented student gatherings of any kind at the Catholic college in Radnor Township, Pennsylvania, so there’s “really nothing going on but academics,” said Donohue, now in his 14th year at the school’s helm.

The downtime has enabled the Augustinian priest to reflect on the role of a college president during a global pandemic — and on leadership in general — while simultaneously encouraging a community of young adults to sacrifice their individual needs to ensure the safety and wellbeing of the entire group (i.e. adhere to Covid-19 protocols). So far, his self-described stint as Villanova’s chief cheerleader has paid off with minimal confirmed coronavirus cases on campus and an otherwise uneventful start to the 2020-21 academic year.

Donohue recently spoke with The Business Journals’ Hilary Burns about how his job has changed since Covid-19 struck, and the effects the pandemic is having on college pricing and on-campus learning. Below is an edited transcript of their conversation.

Read More

Oct12Mon

Member News from Reading Terminal Market

Reading Terminal Market launches $250,000 crowdfunding campaign to offset pandemic losses
Philadelphia Business Journal

Philadelphia’s historic Reading Terminal Market has launched a crowdfunding campaign for the first time in its 128-year history in efforts to offset losses from the Covid-19 pandemic.

Launched via online crowdsourcing platform GoFundMe, the campaign has a goal of $250,000 and will run through the end of 2020. As of early Friday afternoon, just over $11,000 had been raised from 116 people.

The cash will go toward helping the public market stay open seven days a week, maintaining peak HVAC and ventilation operations, and subsidizing the extra cleaning and disinfecting practices in place during the health crisis. The fund will also help one of the city’s most popular attractions continue offering its various events and community programs, such as nutrition programs and food rescue collaborations with other local nonprofits like Philabundance, said General Manager Conor Murphy.

Read More

Sep29Tue

Member News from Neumann University

Neumann University Sisters Offer Prayers From the Porch
Delco Today

Coronavirus has caused most of the Sisters of St. Francis at Neumann University to maintain a healthy social distance from the students there.

Despite this hurdle, Sr. Marguerite O’Beirne, OSF, Neumann’s vice president for mission and ministry, and Sr. Linda DeCero, OSF, director of pastoral ministry, aren’t letting the virus interfere with their roles on campus.

Read More

Sep25Fri

Member News from Brian Tierney

Brian Tierney is happy to announce Tierney Business Networks will continue where Streamline Payroll left off.

The attached brochure is a golf outing supporting Family Services of Buck County.  This organizations has supported families in need in our area for years. Brian is on the board for the golf committee helping to promote and support this event.  He will be there on October 5th continuing to network, promoting business and charity event similar to this.

Read More

Sep24Thu

Inside Bentley Systems’ ‘very unusual’ $235M IPO

Philadelphia Business Journal

Bentley Systems Inc., an Exton software company founded by a team of five brothers 36 years ago, reached a milestone Wednesday when it debuted on the Nasdaq stock exchange. Shares opened at $22 and shot up more than 52% to close at $33.49.

The company, a maker of leading software applications for engineers who design large infrastructure projects like the new Tappan Zee Bridge in New York —  raised more than $235 million in its IPO under the ticker symbol BSY.

Unlike other IPOs, where a company issues new shares in order to raise cash and fuel expansion, Bentley Systems is only selling shares already owned by its more than 4,000 employees. The idea is to reward those employees with liquidity, CEO Greg Bentley said, after they helped the company get to where it is today.

Click HERE to read more.