Welcome!

News Feed Item

Governor Corbett: Pennsylvania Secures Historic $1.2 Billion 'Comcast Innovation and Technology Center' in Philadelphia

World-class complex will create more than 20,000 direct and indirect jobs during construction; will be one of the tallest buildings on the East Coast

PHILADELPHIA, Jan. 15, 2014 /PRNewswire-USNewswire/ -- Governor Tom Corbett today joined Comcast Chairman and CEO Brian Roberts and Liberty Property Trust Chairman and CEO Bill Hankowsky for an historic announcement that will drive economic progress and transform Philadelphia's skyline with the construction of a $1.2 billion, 59-story tower that will become the dedicated home for the company's growing workforce of technologists, engineers and software architects.

"The transformative investment Comcast has chosen to make with this project will have a strong impact throughout the region," said Corbett. "The commonwealth's partnership with Comcast will create more than 20,000 direct and indirect jobs during construction, at least 1,500 new Comcast positions, and energize Philadelphia's Center City. I believe that it is our people – their creativity, ingenuity, talents and skills – who drive companies like Comcast to make Pennsylvania home."

Comcast Corporation and Liberty Property Trust announced today they will develop the 'Comcast Innovation and Technology Center' in Center City Philadelphia. The mixed-use tower is expected to be the one of the tallest buildings on the East Coast.

The 'Comcast Innovation and Technology Center' will generate $2.75 billion in total economic impact within Pennsylvania and support more than 20,000 direct and indirect jobs during the construction phase. The direct and indirect ongoing impact is projected to create nearly 4,000 permanent jobs in Pennsylvania.

"We are thrilled to mark another historic moment in our company's history in Pennsylvania with the development of the Comcast Innovation and Technology Center," said Brian L. Roberts, Chairman and CEO of Comcast Corporation.  "This expansion of Comcast's vertical campus in Philadelphia will create tens of thousands of jobs and drive billions of dollars in economic development in the Commonwealth and the City.  This exciting project would not be possible without the support of the Commonwealth and Governor Corbett, who is a true and committed partner in driving Pennsylvania's growth."

Designed by world-renowned architect Lord Norman Foster of Foster + Partners, the glass and stainless steel tower will complement Comcast Center as a new energetic dimension to Center City. The project will include a Four Seasons hotel and a block-long lobby with a glass-enclosed public indoor plaza accompaniment to Comcast Center's existing, dynamic outdoor plaza. The lobby will feature a restaurant and a new concourse that will provide direct connections with SEPTA's Suburban Station, enhancing accessibility and providing new options for commuters.

"This entertainment and innovation complex elevates downtown Philadelphia's strong reputation as a world-class destination for culture and connection," Corbett said. "We're investing in public spaces where visitors and Pennsylvanians alike can marvel at our world-class art, our incomparable architecture and our unique attractions. This project is not only about building a new tower on Philadelphia's skyline, or about creating new and beautiful public spaces in Center City. This project shows that Philadelphia is taking a bite out of the 'Big Apple' and we are ready to compete with anyone in the world to bring jobs to Pennsylvania."  

The commonwealth has committed to providing up to $30 million in grants to be disbursed over multiple years and $4.5 million in job creation tax credits to support the $1.2 billion project. According to an econometric study by Econsult, the Commonwealth's grants will be more than repaid with the more than $80 million in tax revenues just during the construction phase giving taxpayers a 200 percent return on investment.

The grants must be directed to costs associated to the public improvement aspects of the project. This includes the plaza area, and upgrades and direct connection to Suburban Station, and the widening of sidewalks and roads which will improve access to the area for all Philadelphians.

Media contact: 
Valerie Caras, Governor's Office; 717-783-1116
Steve Kratz, DCED; 717-783-1132

SOURCE Pennsylvania Office of the Governor

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.