As reported by KYW radio, former president Bill Clinton and former Mayor and now Governor Ed Rendell were in town today for the announcement of a $1 billion, 10-ship deal at the Kvaerner shipyard. Before Kvaerner, the former Philadelphia Navy Yard had gone three decades without a constructing a new ship. Ten double-hulled ships (pursuant to new environmental safety regulations) are to be fabricated, guaranteeing over 1,000 jobs through 2010 and could possibly generate 5,000 jobs in service/trade businesses that support the facility. Reviving the shipbuilding industry in Philadelphia was fueled by an infusion of hundreds of millions of Federal and State economic development funding; cynics and realists alike thought this might be too much. While hindsight is certainly 20/20 and nobody should gloat about the fabulous success of this revival initiative, it should be an inspiration to the Philadelphia region and others who would bring back manufacturing jobs to a city that used to be known as the “workshop of the world.”
Thursday, April 14, 2005
- A Smoke Filled Room
- Above Average Jane
- Akkam's Razor
- All for the Taking
- Boundless Philadelphia
- East Falls Development Corporation
- Greater Philadelphia Sustainable Business Network
- Kiko's House
- Mere Cat
- Our Green Cities
- Philadelphia Animal Welfare Society
- Philadelphia Bicycle News
- Philadelphia is My Home
- Philly Future
- Pound for Pound
- The Next American City
- The Tattered Coat
- Young Philly Politics
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- ► 2006 (196)
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- Clinton, Rendell, Kvaerner, and $1 Billion Dollars...
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- Center City Parking Lots: Enough Already
- Philadelphia Sustainable Business Network Annual C...
- Proposed Quantitative Performance Measurement to G...
- Philadelphia to Host 2020 Olympics?
- Encourage City Council to Pass Anti "Pay-to-Play" ...
- More Center City Condo News
- Spanning the Globe
- Philadelphia Taxis to Improve
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- Hotel Occupancy Off to a Strong Start in 2005
- More North Broad Street Rebound
- ▼ April (21)