Penn Medicine and Penn Nursing have entered int an alliance with the largest private health service provider in Vietnam, Vingroup, in an effort to improve and advance medical education and clinical care in the country. Penn will work with Vingroup’s VinUni, a newly formed private not-for-profit university, to enhance graduate medical education and health care programs and eventually build a new teaching hospital. Read more at the Philadelphia Business Journal.
Fast Company’s announced the winners of its Innovation by Design Awards recognizing “trailblazing design in business” and several local companies made the list: Center City-based LIA Diagnostics, Fishtown’s Bluecadet, Aerial Applications and Orai. Read more at Technical.ly Philly.
RESIDENTIAL REAL ESTATE
The Philadelphia Housing Authority broke ground on phase three of its $30 million Norris Apartments project aimed at revitalizing the North Central neighborhood. Plans call for replacing the 1950s Norris homes complex at 11th and Norris Streets with a 87,789-square-foot development with 50 affordable rental units. Read more at Curbed Philadelphia.
J.P. Morgan Chase has launched its AdvancingCities plan, pledging to invest $500 million to improve economic growth in cities around the world. Cities of all sizes can submit proposals for grants and low-cost loans to support programs that address jobs and skills, small business growth, neighborhood revitalization and financial health. Read more at CNBC.
Cigna announced the creation of a corporate venture fund aimed at supporting transformative and innovative health care companies. The global health service company will invest $250 million in capital to Cigna Ventures to invest in companies working on insights and analytics, digital health and retail and care delivery/management. Read more at Business Wire.
U.S. median household income rose 1.8 percent in 2017 to $61,372 from $60,309 in 2016, according to data from the Census Bureau. The number of employed people in the country also increased to 1.7 million and the number of workers with full-time, permanent positions rose to 2.4 million. Read more at Washington’s Top News.