Columbus
Pennsylvania Business Report
Gov. Shapiro signs into law education-focused FY 2024-25 budget at Cheyney University ceremony
Gov. Josh Shapiro on Friday held a ceremonial bill signing at Cheyney University of the higher education reforms that became law as part of the newly signed 2024-2025 state budget. “Every Pennsylvanian deserves the freedom to chart their own course and the opportunity to succeed — and that’s exactly what this budget delivers,” Shapiro said […] The post Gov. Shapiro signs into law education-focused FY 2024-25 budget at Cheyney University ceremony appeared first on Pennsylvania Business Report.
Roundtable discusses tax policies in 11th District
U.S. Rep. Lloyd Smucker (R-Lancaster), House Committee on Ways and Means member, recently hosted a roundtable in southern York County to discuss tax policies impacting small businesses in Pennsylvania’s 11th District. The Ways and Means Committee’s Main Street Tax Team, led by Smucker, is examining parts of the 2017 Tax Cuts and Jobs Act, including […] The post Roundtable discusses tax policies in 11th District appeared first on Pennsylvania Business Report.
Concurrent Technologies chosen to develop machine to make DOD weapons parts
Johnstown, Pa.-based Concurrent Technologies Corporation (CTC) recently nabbed a $4.4 million contract to develop an additive manufacturing machine specifically to make U.S. Department of Defense (DOD) advanced weapon systems parts. “CTC is committed to advancing manufacturing capabilities and supporting the defense industry’s critical needs,” said CTC president and CEO Edward Sheehan, Jr. The U.S. Air […] The post Concurrent Technologies chosen to develop machine to make DOD weapons parts appeared first on Pennsylvania Business Report.
Westinghouse Electric appoints new president of Energy Systems business
Westinghouse Electric, based in Cranberry Township, appointed Dan Lipman as president of its Energy Systems business unit. Lipman, who had previously worked for the company for three decades, will succeed David Durham who is retiring next June. Lipman started at Westinghouse as a field engineer and moved up to various executive roles across multiple regions […] The post Westinghouse Electric appoints new president of Energy Systems business appeared first on Pennsylvania Business Report.
Pennsylvania invests nearly $3M to relocate Adare Pharma Solutions headquarters from New Jersey
Adare Pharma Solutions will move its headquarters from New Jersey to Pennsylvania, Gov. Josh Shapiro’s office announced Thursday, after the Commonwealth invested nearly $3 million to help the company relocate. The life science company said it will invest at least $16.8 million to move from New Jersey to Philadelphia and upgrade its two current Philadelphia […] The post Pennsylvania invests nearly $3M to relocate Adare Pharma Solutions headquarters from New Jersey appeared first on Pennsylvania Business Report.
ARCH2 to receive $925M to jumpstart regional clean hydrogen economy in Appalachia
Under a new cooperative agreement with the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED), the Appalachian Regional Clean Hydrogen Hub (ARCH2) will receive up to $925 million in federal funding to lead the development of a clean energy hub in Appalachia. The funding, which will be doled out over the project lifetime, […] The post ARCH2 to receive $925M to jumpstart regional clean hydrogen economy in Appalachia appeared first on Pennsylvania Business Report.
Pennsylvania’s congressional members urge action on energy production bill
Pennsylvania lawmakers joined several of their colleagues in urging Congress to act on a bipartisan, bicameral energy production bill that aims to protect national security and American jobs while spurring investment in advanced biofuel sources. The Safeguarding Domestic Energy Production and Independence Act, introduced in July 2023 in both houses of Congress, would require the […] The post Pennsylvania’s congressional members urge action on energy production bill appeared first on Pennsylvania Business Report.
Natural gas pipeline expansion project in Pennsylvania, four other states on hold
A United States appeals court decision issued July 30 blocks the federally approved construction of a nearly $1 billion natural gas pipeline expansion project that aims to serve three million customers in Pennsylvania and four other mid-Atlantic states. “The court’s decision sets a dangerous precedent by dismissing the reliability needs of local distribution companies to […] The post Natural gas pipeline expansion project in Pennsylvania, four other states on hold appeared first on Pennsylvania Business Report.
PJM capacity auction secures resources to meet RTO reliability requirement
PJM’s recent capacity auction yielded sharply higher prices to meet the regional transmission organization’s (RTO) reliability requirement for the 2025-2026 delivery year. “The capacity auction has been a valuable tool over time to help PJM competitively secure resources to meet reliability requirements,” said President and CEO Manu Asthana. “The significantly higher prices in this auction […] The post PJM capacity auction secures resources to meet RTO reliability requirement appeared first on Pennsylvania Business Report.
Lawmakers hear testimony on clean energy manufacturing jobs
On Tuesday, lawmakers from across Western Pennsylvania heard testimony about clean energy manufacturing, energy efficiency and the jobs the industries create. As part of a public policy hearing hosted by state Rep. Mandy Steele (D-Cheswick), testifiers spoke to Western Pennsylvania’s manufacturing legacy, as well as its history of success through embracing innovation, as a way […] The post Lawmakers hear testimony on clean energy manufacturing jobs appeared first on Pennsylvania Business Report.
Community Health Systems to sell three Pennsylvania hospitals
On Tuesday, Franklin, Tenn.-based Community Health Systems, Inc. announced it had entered into an agreement to sell three Pennsylvania hospitals in Scranton and Wilkes-Barre to WoodBridge Healthcare, Inc. The $120 million deal would sell 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, as well as […] The post Community Health Systems to sell three Pennsylvania hospitals appeared first on Pennsylvania Business Report.
Pennsylvania American Water to expand water service
On Friday, Mechanicsburg, Pa.-based Pennsylvania American Water announced that it had been awarded to low-interest loans to finance two water main extension projects in Washington County. The projects, totaling more $15.5 million, will expand the company’s service to nearly 60 homes, a public school district and a fire department, officials said. The loans are part […] The post Pennsylvania American Water to expand water service appeared first on Pennsylvania Business Report.
Environmental Services Laboratories, Inc. acquired by Pace Analytical Services
Earlier this month, Indiana, Pa.-based Environmental Services Laboratories, Inc. (ESL) announced it had been acquired by regulatory testing and analytical laboratory services provider, Pace Analytical Services. As part of the acquisition, Pace will add a full-service environmental testing laboratory in Indiana, PA and three satellite locations at Montoursville, Sharpsville, and Van Voorhis. Pace officials said […] The post Environmental Services Laboratories, Inc. acquired by Pace Analytical Services appeared first on Pennsylvania Business Report.
Milestone Partners completes sale of Pennsylvania coal mining company
Saint Nicholas Investor Group LLC recently completed its purchase of Blaschak Anthracite of Mahanoy City, Pa., led by majority shareholder Milestone Partners. Terms of the management-led buyout of Blaschak were not disclosed. “We deeply appreciate Milestone’s 15-year investment in Blaschak, a commitment that surpasses industry norms and has been a rewarding long-term partnership,” said Boyd […] The post Milestone Partners completes sale of Pennsylvania coal mining company appeared first on Pennsylvania Business Report.
PANTHERx Rare appoints new CEO
Pittsburgh-based PANTHERx Rare, a specialty pharmacy purely focused on rare and orphan diseases, recently named Bansi Nagji CEO, effective Aug. 1. Nagji is currently executive chairman, and he will continue to hold his seat on the board of directors. The executive chairman is responsible for working with industry partners to ensure PANTHERx Rare maintains its […] The post PANTHERx Rare appoints new CEO appeared first on Pennsylvania Business Report.
Malvern-based business secures brain injury treatment patent
On Wednesday, Malvern, PA-based Annovis Bio Inc. announced it had been issued a U.S. patent for treating acute traumatic brain injuries with its drug buntanetap. Annovis, known for transformative therapies for neurodegenerative disorders like Alzheimer’s disease and Parkinson’s disease, said it had filed a patent in 2016 covering the treatment of various nerve insults, like […] The post Malvern-based business secures brain injury treatment patent appeared first on Pennsylvania Business Report.
EnerSys completes acquisition of N.Y.-based battery manufacturer
Reading, Pa.-headquartered battery manufacturer EnerSys completed its all-cash $208 million purchase of another leading portable power solutions manufacturer. “We are very pleased to have closed this important transaction and can officially welcome Bren-Tronics to the EnerSys family,” said EnerSys President and CEO David Shaffer. “EnerSys’ combination with Bren-Tronics will strengthen our position as a critical […] The post EnerSys completes acquisition of N.Y.-based battery manufacturer appeared first on Pennsylvania Business Report.
Penn State researchers awarded $1.1M federal grant to research potential of geologic hydrogen
The U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) recently awarded a group of Penn State researchers a $1.1 million grant for early-stage research and development into the low-cost, low-emission production of geologic hydrogen. Funding is through ARPA-E’s Exploratory Topic H: Subsurface Engineering for Hydrogen Reservoir Management that focuses on technologies for the extraction […] The post Penn State researchers awarded $1.1M federal grant to research potential of geologic hydrogen appeared first on Pennsylvania Business Report.
Enviri reaches sustainability goals across company divisions, new ESG report shows
Company divisions of publicly traded Enviri Corp. recycled or reused a total of 19 million tons of waste last year, according to the Philadelphia-based company’s 2023 Environmental, Social, and Governance (ESG) Report. “Enviri reimagines how some of the world’s most challenging waste can be remediated, recycled, and reused, and our work leads us towards a […] The post Enviri reaches sustainability goals across company divisions, new ESG report shows appeared first on Pennsylvania Business Report.
MSA Safety releases 2023 Impact Report
Cranberry Township-based MSA Safety, a safety products, technologies and solutions company, recently released its 2023 Impact Report. The report focuses on three areas within the company’s corporate social responsibility program: products and solutions, people, and planet. Products and solutions explores how the company’s offerings protect people, places or the planet. People explains how the company’s […] The post MSA Safety releases 2023 Impact Report appeared first on Pennsylvania Business Report.
Pennsylvania Business Report
2K+
Posts
4M+
Views
Pennsylvania Business Report, a publication of Macallan Communications, is your daily must-read source for news about the latest business and policy developments that serve as a catalyst for economic growth in the state of Pennsylvania. Our team of experienced journalists deliver topical articles on issues that shape the business climate and impact the wide array of industries and businesses operating in Pennsylvania today.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.