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
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.