American Bible Society Bids Farewell To New York After Two Centuries

(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.”

Philadelphia Mayor Michael Nutter said the city is “honored to welcome American Bible Society to its new home.”

The Huffington Post