Daily Local News (West Chester, PA)
Vanguard announces location for innovation center
Vanguard announced Thursday it has chosen 2300 Chestnut Street, Philadelphia, as the location for its Innovation Center.
The site provides the fastgrowing global investment management firm proximity to the city’s academic and business communities, the region’s transportation centers and the firm’s global headquarters near Malvern.
The Innovation Center, which will be focused on developing services to meet the evolving needs of Vanguard’s clients, will occupy nearly 16,000 square feet of open plan office space over two floors. Initially, a team of 20 employees will occupy the space, but eventually it is expected that up to 100 employees and external partners may co-locate as projects require. The new office space is expected to open during the second quarter of 2017.
“We are pleased to set up shop in Philadelphia, and give the Vanguard Innovation Center the benefits and resources of the region’s thriving entrepreneurial scene,” said Vanguard CEO Bill McNabb. “Our new location solidifies our commitment to the city, and we’re grateful to the local support we have received as we establish this new venture.”
The office of Mayor Jim Kenney helped to facilitate Vanguard’s Philadelphia initiative and search with support and guidance from others, including Commerce Director Harold Epps and PIDC President John Grady. Vanguard said it has also begun collaborating with others, including Drexel University, the University of Pennsylvania and corporate innovation centers, consultants, and experts within Philadelphia’s innovation ecosystem.
DNB names 2 to advisory board
DNB First recently announced the appointments of two Philadelphia community leaders to its DNB First Bank Advisory Board.
Attorney Salvatore M. DeBunda, a partner at Archer & Greiner, and CPA John E. McGovern of John E. McGovern & Associates are now advising on the board.
DeBunda has over 40 years of legal and business experience. Some of his major accomplishments in the legal profession include representing cable television franchisees in obtaining and negotiating cable franchises throughout many jurisdictions in the United States. He also serves as Vice President of the Longport Seaview Condo Association and IS a member of the board of directors and chairman of the Philly Pops.
DeBunda is a Philadelphia native and resides in Blue Bell. He is a thoroughbred horse owner and breeder and president of the Pennsylvania Thoroughbred Horsemen’s Association.
McGovern is the president and founder of John E. McGovern & Associates, P.C., which was established in 1992 in Philadelphia. McGovern & Associates represents many successful businesses and individuals throughout the Delaware Valley in various industries including health care, manufacturing, high tech, services, nonprofit, agriculture and hospitality. The focus of the firm is tax compliance, financial reporting, business and personal tax, financial and retirement planning. A die-hard Philadelphia Eagles fan, he also serves on community nonprofit boards.