October 2020
News + Updates
In This Issue
October Spotlight
ESI Practice Area Roll-Out
Featured Project Highlight
PACDC Collective Strength Report
Upcoming Events
18th Annual World Trade Centers Day Awards
Broad Street Ministry's Be Our Guest
CCGP: Annual Meeting
News from the Lab
Driving ROI Through AI
ESI's Practice Area Roll Out
Over the past few weeks and into the coming month, ESI is doing a coordinated promotion of each of the eight Practice Areas it focuses its client work on:
  • Economic Development
  • Equity & Inclusion
  • Government & Public Policy
  • Higher Education
  • Litigation
  • Real Estate
  • Transportation
  • Thought Leadership 

We hope you're enjoying this information on each Practice Area and we look forward to posting more, in the form of blog posts, project profiles, and promotional videos.
 
Please enjoy this short video that reflects ESI’s values, perspectives, and practices.
Highlights
We're proud to collaborate with PACDC in their latest report on the impact of Community Development Corporations in Philadelphia.
We are partnering with Philadelphia Real Estate Council and Philadelphia Business Journal to gather your experience of industry conditions previous and upcoming quarters. Complete the survey here
ESI was retained by William Jessup University, a nationally-ranked Christian college, to measure its impact in terms of annual operations, capital investments, ancillary spending, wage premium, and social and community impact.
Application Period Open
PennDOT Multi-Modal Transportation Fund 
Now through November 6, 2020 by 4pm

Econsult Solutions can help with your application for FY 2021-22 Act 89 funding of transportation projects. Act 89 established a dedicated Multimodal Transportation Fund for ports and rail freight, aviation investments, as well as bicycle and pedestrian improvements, targeting priority funding for investments in any mode. 
Upcoming Events and Sponsorships
Proud to Sponsor
Oct 17
Proud to Sponsor
Oct 20
Proud to Sponsor
Oct 29
Staff and Senior Advisor Updates
Lee Huang and Peter Angelides were recently guests on Executive Leaders Radio Show. Consisting of 10-25 minute interviews, the show features informal conversations of prominent local executive leaders. Listen here
We proudly announce 7 new members have joined our Senior Advisory board. Welcome Rysheema Dixon, Dan Garofalo, Wilson Goode Jr., Curtis Gregory, Bernadine Hawes, Khalil Meggett, and Michael Pearson.
Richard Bickel is participating in a virtual site visit for the University of Buffalo’s Master of Urban Planning program re-accreditation review
Stephen Mullin will be a speaker at the General Building Contractors Assocation's National Economic Forecast and Impact on Construction Webinar on November 12. Register here
ESI ThoughtLab is excited to welcome a new Editorial Assistant to our team! Laura Garcell Nimylowycz joins us while getting her Masters at Columbia Journalism School. Welcome, Laura!
Michael Pearson
Michael Pearson is a board member of the CHOP Foundation Board of Overseers
Blane Stoddart's firm, BFW, is one of the Owner’s Representatives on the new Jefferson Health Specialty Care Pavilion project in Philadelphia
Welcome Kyle Nguyen as our new Marketing Assistant and Al-Jalil Gault as our new Analyst Intern. We are glad to have you here!
News from the Lab
Our thought leaders believe AI will transform many parts of business, from customer engagement to R&D, to cybersecurity and back-office operations. Artificial Intelligence is already becoming a new way of doing business, managing risks, and driving top- and bottom-line growth.

In the Driving ROI Through AI study, 2/3 of execs believe that AI will be critically important yet firms are only seeing an average 1.3% return on AI investments. ESI ThoughtLab's full findings from this innovative study are now publicly available. Read here
U.S. - China Research
Why Does Amazon Hire so Many PhD Economists?
Predicting a country's inflation is a tricky and complex task. Apparently, Amazon thinks it can do better than the U.S. Bureau of Labor Statistics. In the past few years, it's the largest employer of Ph.D. economist after the Federal Reserve. Read the article.
Present Value
We held a discussion with a few of our Senior Advisors to to hear their perspectives on economic development initiatives and strategies in the age of COVID-19.
Philadelphia’s restaurant industry is a core part of the city’s identity. While numbers are showing signs of rebounding since April, this still represents a substantial drop from the typical baseline.
We caught up with some of our thought leaders in the higher education space to ask them some of the most critical questions facing the industry after the pandemic has changed college admissions
College
The events of this past year have underscored the deep inequities and systemic injustices in this country. We sat down with three of our Senior Advisors to address diversity and inclusion
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RACP is a highly competitive economic development program that funds capital projects all over the Commonwealth of Pennsylvania. We have worked with a variety of clients to assist their application process.
Client Spotlight
Thomas Jefferson University and Jefferson Health unveiled plans for a new Specialty Care Pavilion in Philadelphia. The state-of-the-art medical building was developed by National Real Estate Development. Read more
Imvax Inc. is named by Fierce Biotech as one of its "Fierce 15" biotech companies of 2020. Congratulations!
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