Priced out of New York, American Bible Society decamps to Philadelphia

c. 2015 Religion News Service

(RNS) After almost two centuries in New York City, the nonprofit American Bible Society is moving its headquarters to Philadelphia.

“New York has become so extraordinarily expensive that nonprofit staff cannot afford to live in proximity to headquarters,” said Roy Peterson, the society’s president and CEO. “We don’t have a cohesive, synergistic global headquarters staff right now. And that’s why we wanted to find a city that was diverse, rich with culture and churches and language, but yet affordable.”