Gas prices on the rise in Philadelphia

Gasoline prices have remained steady for the nation, but not for Philadelphians. As of this morning, the average price for a gallon of gasoline in Philadelphia is $2.73. Gas in New Jersey remains near $2.53, and the nation is looking at an average of $2.69 a gallon. However, this time a year ago gas in Philly averaged $4.16 a gallon, so be sure to keep your complaints in perspective If you’re in southerneastern Pennsylvania and are aware of gas bargains, please drop us a comment and share the savings with our readers!

City of Philadelphia plans to cut funding to PCDC

For over three decades, the Philadelphia Commercial Development Corp. has provided financial support to local minority businesses and start up companies. To date, much of the PCDC’s funds are received from state and federal grants provided by the city of Philadelphia. In early July, the city plans to cease its funding of PCDC, and to redirect those funds, in whole or in part, to other established goverment agencies. According to city officials, the two primary functions of PCDC, lending to small businesses and development of commercial properties, will continue without any interruption, but will be handled through the city’s Commerce Department.  “Lending will …

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Homeowners should Beware of Mortgage Scams

Homeowners across the US should beware of so-called mortgage counselors that are making money taking advantage of financially strapped homeowners. These companies are charging fees ranging from a couple hundred up to thousands dollars to modify home loans under the Obama administration’s Recovery Plan. Approximately 100 homeowners throughout the country have been scammed by two companies in particular, Hope Now Financial and New Hope Modifications. These companies are presently being sued by the State of New Jersey. Read more…