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Comcast and DreamIt fund minority entrepreneurs

Comcast Interactive Capital and DreamIt Ventures partner to provide business development to minority owned initiatives, according to TechCrunch.

Comcast Interactive Capital, the venture capital arm of the media giant, has partnered with Philadelphia based venture fund and startup accelerator Dreamit Ventures to provide seed funding, training, mentoring and other benefits to minority-led startups through DreamIt's accelerator program.

The new $350,000 fund will give five minority-led startups for its Fall Philadelphia 2011 program a extra infusion of capital on top of the funding DreamIt provides for its class of startups. For Comcast Interactive Capital, this is the first investment initiative from the $20 million fund that was created as part of the acquisition of NBC Universal. The $20 million fund will be used to invest in other minority led startups and initiatives (outside of DreamIt), mainly in the technology sector.

Source: TechCrunch
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NYT picks Philly's top coffee shops

Oliver Strand names six Philly coffee spots he loves as much as our sports, art and culture, according to the New York Times.

Philadelphia has plenty going for it: the best four-man rotation in baseball, art worth fighting over, a ruin so elegant and haunting it feels like Berlin. It also has superb coffee. Recently, I went on a coffee crawl that took me to a handful of shops where the baristas aren't just tremendously skilled, they're disarmingly sweet-natured. I found an energetic scene thriving outside the gravitational pull of the hometown giant La Colombe Torrefaction.

I was in Philadelphia to check out the local Thursday Night Throwdown --TNT to insiders -- a monthly cappuccino-off where 32 baristas compete for glory (the winner gets his or her initials embroidered on a strip of denim) and a decent-sized kitty (from the entrance fees). The evening was three hours of steaming milk in front of a crowd plied with pizza and beer. A news crew taped the throw-down, maybe because one of the judges was Winston Justice, offensive tackle for the Eagles and co-owner of Elixr Coffee, the host of the contest. Later, a good number of the competitors and spectators adjourned to a dive bar with a drag show -- the $7 cover included a can of beer and a shot of Jim Beam. Fun town.

Source: The New York Times
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Jazz 'incubator' thrives in Germantown

La Rose Nightclub in Germantown welcomes teen musicians who want to play jazz, according to Jazz Times.

The Sunday evening jam sessions led by drummer Rob Henderson and jazz promoter Kim Tucker at the La Rose Jazz Club on Germantown Avenue in Philadelphia for the past two years are the epitome of this playful re-enactment of traditional rites of passage between the young and the old, the neophyte and the old head, the apprentice and the master, the eager and the cautious.

Many of the "young ones" come from Cheltenham High School, University of the Arts, Temple University, and the Kimmel Center and Clef Club youth jazz ensembles. Some of the standouts are 19-year-old saxophonist Dahi Divine; 16-year-old pianist Jordan Williams; 11-year-old drummer Nazir Zbo, the little brother of Philly phenom Justin Faulkner; 17-year-old bassist Bruce Ketterer (whose father drives him in from Reading); drummer Ben Singer; and 17-year-old violinist Ben Sutin, whose band has appeared at Chris' Jazz Caf�, one of the few remaining jazz clubs in Philadelphia. Photographers L. David Hinton and Anthony Dean make it a point to be present to document these early moments of what could be the next generation of young lions.


Source: Jazz Times
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South Jersey robotics team goes international

NJ.com reports on Salem County's LuNaTecs robotics team, which took top honors at a national competition held at the Liacouras Center, advancing to the international competition.

PSEG, DuPont and Boeing sponsored FIRST robotics Team 316, the LuNaTeCs from Salem County, along with 55 other high school robotics teams from across the country as they competed in the FIRST Robotics Philadelphia Regional Competition on April 8 and 9 at the Liacouras Center at Temple University here.

After two days of stiff competition, the LuNaTeCs, along with 23 other teams, advanced out of the qualifying rounds and into the quarterfinal matches. Perhaps many did not expect Team 316 to do too well since they were ranked 23rd coming out of the qualifying rounds so it was no wonder that such a shocked hush fell on the packed stadium when the LuNaTeC's alliance beat the No. 1 and No. 2 seeded teams.

Source: NJ.com
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NYT goes off beaten path to Germantown for history, trolley and veggie burgers

The New York Times takes a tourist's road less traveled into Northwest Philly, where visitors get a heaping helping of Philly's quirks and charms in Germantown.

The No. 23 city bus running along the cobblestones is still known as the "trolley,"and you can take it to visit the house where a young Benjamin Franklin stopped for advice on books or to other homes where Revolutionary War battles left powder marks and bloodstains. George Washington slept here, a lot, and decades later so did runaway slaves at a well-preserved stop on the Underground Railroad. There's also a homey lunch spot known for its veggie burger.

Historic sites in Philadelphia (and restaurants that serve veggie burgers) may not seem so notable, but visitors don't often make it to Germantown Avenue, where the trolley runs, preferring instead to brave the crowds at Independence Hall and the National Constitution Center in Center City.

Source: The New York Times
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Cigna marks 52 percent profit in Q1

Philadelphia based insurance giant Cigna Corp. exceeded first-quarter expectations due to lowered medical claims and increased international business, according to The Associated Press.

Cigna Corp.'s first-quarter net income jumped 52 percent as medical claims fell, the international business grew again, and it raised its 2011 profit forecast like other big health insurers that also beat expectations for the quarter.

The Philadelphia company said Thursday earnings in health care, its largest segment, climbed 47 percent, and premiums and fees from its international business rose 32 percent, fueled in part by the purchase of the Belgian company Vanbreda International last year.

Source: The Associated Press
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New Philly WatchDog app targets corruption

Philly Watchdog gives citizens an active role in reporting fraud via iPhone, iPad and iPod Touch, according to the Wall Street Journal.

Philadelphia is using 21st-century technology to fight corruption.

City Controller Alan Butkovitz launched an iPhone app that allows citizens to upload and send audio, photos and video to the city's Fraud Unit, so it can investigate. The free Philly Watchdog app allows for anonymous tips, has a geolocation feature that provides the location of the incident and a one-touch button to call the unit directly.

"When it comes to reporting fraud and waste in Philadelphia, I'm proud to say that 'we now have an app for that,' " Butkovitz said last week at a press conference announcing the app.

Source: The Wall Street Journal
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J&J plans to buy Chesco's Synthes for $20B

Johnson & Johnson plans to buy West Chester-based Synthes, and the deal may usher in future medtech investment, according to Reuters.

Johnson & Johnson's plan to buy Synthes for some $20 billion may mean more deals in the sector as rival medical technology firms try to bulk up in tough times, though antitrust issues are a hurdle.

A weak economy and high unemployment have hit sales of medical devices hard, since patients have to take time off and, in the United States, dig deep into their own pockets to help pay for procedures such as knee replacements.

As a result, more and more companies are looking at acquisitions as a way to add new avenues of growth.

Source: Reuters
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Baltimore thinks PIFA's April in Paris feeling is daytrip worthy

The Philadelphia International Festival of the Arts is worth a trip to experience the French Arts connection, according to the Baltimore Sun.

If you want to spend April in Paris but can't afford it, a short hop to Philadelphia may at least give you that French feeling.

After nearly three years of planning, the city kicks off the first Philadelphia International Festival of the Arts this weekend, featuring 1,500 artists and 135 exhibits, performances, lectures and films, all paying homage to Paris.

Source: The Baltimore Sun
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Young, involved Philly: City has second-largest rise in young professionals nationally

The USA Today reports the young professional population is on the rise in urban centers, especially in Philadelphia, which saw a 57 percent increase among college-educated 20- and 30-somethings.

In more than two-thirds of the nation's 51 largest cities, the young, college-educated population in the past decade grew twice as fast within 3 miles of the urban center as in the rest of the metropolitan area - up an average 26 percent compared with 13 percent in other parts.


"This is a real glimmer of hope," says Carol Coletta, head of CEOs for Cities, a non-profit consortium of city leaders that commissioned the research. "Clearly, the next generation of Americans is looking for different kinds of lifestyles - walkable, art, culture, entertainment."

Source: USA Today
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Philly schools battle against bad eating habits, in classroom and at home

The School District of Philadelphia puts new programs in place to help kids eat more healthfully, according to The New York Times.

Tatyana Gray bolted from her house and headed toward her elementary school. But when she reached the corner store where she usually gets her morning snack of chips or a sweet drink, she encountered a protective phalanx of parents with bright-colored safety vests and walkie-talkies.

The scourge the parents were combating was neither the drugs nor the violence that plagues this North Philadelphia neighborhood. It was bad eating habits.

The parents standing guard outside the Oxford Food Shop are foot soldiers in a national battle over the diets of children that has taken on new fervor. With 20 percent of the nation's children obese, the United States Department of Agriculture has proposed new standards for federally subsidized school meals that call for more balanced meals and, for the first time, a limit on calories. The current standard specifies only a minimum calorie count, which some schools meet by adding sweet foods.

Source: The New York Times
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One Philly rapper's 'Freeway' to Islam, art

Philly rapper Freeway talks about how Islam shaped his life and career, according to CNN.

It's noon on a Friday, and the parking lot at Al-Aqsa Islamic Society in North Philadelphia is quickly filling up.

One of Philadelphia's best-known rap artists, Freeway, jumps out of a black sport utility vehicle and dashes through the pouring rain to the prayer hall inside.

Islam has been a part of his life since he was a teenager. Yet it wasn't until adulthood that his faith changed who he was an artist.

Source: CNN
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Steuer: Creative economy can lift Philly's poorest neighborhoods

Philadelphia's Office of Arts, Culture and Creative Economy boss says underserved neighborhoods will improve with cultural infusion, in an essay Steuer writes in The Huffington Post.

The new Census numbers for Philadelphia are in, and the city managed to actually record a population increase, the first in 50 years. And while the increase was tiny -- 8,456 residents, which represents a .6% increase to 1,536,006 - the reversal of the decades-long decline is huge.

Virtually all the neighborhoods that have seen huge population increases during this ten-year period have also seen large increases in the number of arts organizations and artists living and operating in them.

Source: The Huffington Post
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Big Willie Style: Smith saves the day with donation of computers for West Philly HS

Actor and rapper Will Smith provided 30 computers to West Philly High School, according to ABC News.

Will Smith is donating replacements for 30 stolen computers to a high school in West Philadelphia, where he was born and raised.

The Will and Jada Smith Family Foundation and the Charlie Mack Cares philanthropic organizations are giving 29 Apple laptops and one desktop to West Philadelphia High School.

Source: ABC News
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Creator of Philly idols Frankie Avalon and Fabian remembered by NYT

Rock music idol maker Bob Marcucci, who created the careers of Frankie Avalon and Fabian, has died at age 81, according to the New York Times.

Bob Marcucci, who discovered Frankie Avalon and Fabian and helped make them two of the biggest rock 'n' roll stars of the late 1950s and early 1960s and whose career inspired the 1980 film "The Idolmaker," died on March 9 in Ontario, Calif. He was 81 and lived in Los Angeles.

Mr. Marcucci was a lyricist and co-owner of Chancellor Records, a Philadelphia label hungry for a hit, when he first laid eyes on Frankie Avalon in 1957.

Source: The New York Times
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78 regionalism Articles | Page: | Show All
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