Editing Millbourne, Pennsylvania (section)

== Economy ==
[[File:The Shops at Millbourne.jpg|thumb|Local shops in Millbourne alongside [[Market Street (Philadelphia)|Market Street]]]]Millbourne relied on property taxes from a Sears store but faced financial hardship after its closure in 1988. Mismanagement of funds pushed Millbourne towards bankruptcy. The state of Pennsylvania designated Millbourne as financially distressed in 1993 and hired Fairmount Capital Advisors Inc. for a recovery plan. Taxes increased for homeowners.<ref name=":1" /> In the 2000s, Millbourne implemented a land value tax, generating revenue from the land itself. The former Sears lot became a major income source.{{how|date=September 2024}} On October 21, 2014, Millbourne was removed from the distressed list.<ref name=":12" />

In 2012, a development plan was created for the vacant {{Convert|18|acre|ha}} plot of land that originally hosted [[Sears]]. It included multiple retail stores and anchors, housing units and apartments, and new townhall.<ref>{{Cite web |date=January 27, 2022 |title=Millbourne Borough - Station Area Development Plan (Final Draft) |url=http://www.millbourneborough.org/wp-content/uploads/Millbourne-Development-Plan-Final-Draft.pdf |access-date=January 27, 2022 |website=Millbourne Borough}}</ref> Due to the property lying within the [[Cobbs Creek|Cobb's Creek floodplain]] and being located in a disadvantaged area, the plan was scrapped.<ref>{{Cite news |last=Bannan |first=Pete |date=January 25, 2021 |title=Development finally coming to Sears site in Millbourne |work=[[Delaware County Daily Times]] |url=https://www.delcotimes.com/2021/01/25/development-finally-coming-to-sears-site-in-millbourne/ |access-date=January 27, 2022}}</ref> On October 7, 2022, after 7 years of planning, the [[Children's Hospital of Philadelphia]] opened a logistics facility at the former [[Sears]] lot.<ref name=":16">{{Cite news |last=Bannan |first=Pete |date=October 7, 2022 |title=CHOP opens $85 million supply chain and logistics facility in Millbourne |work=Daily Times |url=https://www.delcotimes.com/2022/10/07/chopsupply-chain-logistics-milbourne/ |access-date=June 15, 2023}}</ref> With the arrival of the new facility, Delaware Country reassessed the site's value at $50.6&nbsp;million.<ref name=":102">{{Cite news |last=Morgan |first=Sunny |date=June 5, 2023 |title=The tiny Delco borough on the edge of Philadelphia that has its own MFL stop |work=Billy Penn @ WHYY |url=https://billypenn.com/2023/06/05/millbourne-delaware-county-philadelphia-septa-bangladeshi-community/ |access-date=June 15, 2023}}</ref>

According to the [[2020 United States census|2020 Census]], The median income for a household in Millbourne was $45,800, and the median income for a family was $44,732. The [[per capita income]] for Millbourne was $15,752. About 7.8% of families and 10.9% of the population were below the [[poverty line]], including 9.0% of those under age 18 and 16.9% of those age 65 or over. In Millbourne, the top three industries residents over the age of 16 are employed in include [[retail trade]], [[recreation]] and [[Foodservice|food services]], and [[Central administration|administrative]] and [[waste management]].<ref name=":22" />

=== Grants ===
Throughout the years, Millbourne has received grants to improve infrastructure. This included grants to improve the heart of Millbourne,<ref>{{Cite web |date=December 3, 2009 |title=Fall 2009 Service Grants Announced |url=https://cdesignc.org/blog/2009/12/03/fall-2009-service-grants-announced |access-date=July 8, 2022 |website=Community Design Collaborative}}</ref> local recycling and leaf collection programs,<ref>{{Cite web |last=Shader |first=Neil |date=October 12, 2018 |title=Wolf Administration Boosts Local Recycling And Leaf Collection Programs |url=https://www.media.pa.gov/Pages/DEP_details.aspx?newsid=1083 |access-date=July 9, 2022 |website=Pennsylvania Pressroom}}</ref> develop the Service and Logistics Center for the [[Children's Hospital of Philadelphia]],<ref>{{Cite web |date=December 23, 2020 |title=Senator Kearney Announces $7.5 Million in Local Grants |url=https://pasenate.com/senator-kearney-announces-7-5-million-in-local-grants/ |access-date=July 8, 2022 |website=Pennsylvania Senate Democrats}}</ref><ref>{{Cite news |last=Degrassa |first=Peg |date=November 16, 2019 |title=Davidson announces $250K grant for Millbourne infrastructure project |work=[[Delaware County Daily Times]] |url=https://www.delcotimes.com/2019/11/16/davidson-announces-250k-grant-for-millbourne-infrastructure-project/ |access-date=July 9, 2022}}</ref> and for planning around Millbourne Station to attract new businesses.<ref>{{Cite web |last=Luong |first=Khiet |date=October 13, 2011 |title=Project Updates & Cobbs Creek 5k Run/Walk |url=http://phillywatersheds.org/sites/default/files2/DCWPEOC%2010.13.11%20Mtg%20Notes.pdf |access-date=July 9, 2022 |website=Philly Watersheds}}</ref>