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Pittsburgh Business Times
Women In Tech PGH hosts international coalition
Women In Tech PGH hosted representatives from around the world for an event on workforce development backed by the State Department.<\p> The event was co-hosted by The Equity | Impact Center and hosted international delegates as part of the U.S. Department of State's International Visitor Leadership Program, which focuses on workforce development in emerging technologies.<\p>
Barges being restricted due to water levels on part of Mon River
Commercial traffic on the Monongahela River is being restricted to smaller vessels, impacting some of the barges that ply the river carrying coal and other products.<\p> A notice to mariners Tuesday night said only vessels, including barges, that have a 7-foot draft would be allowed through the Elizabeth Locks. A draft is how the boat sits in the water and is the amount of space between the bottom of a boat to the surface water. The higher the draft, the more space it requires to navigate waters.<\p>
Strassburger McKenna opens new office
Strassburger McKenna Gutnick & Gefsky has added another office, not uncommon for Pittsburgh law firms, but SMGG's strategy is unique. Instead of going to new metros, it favors nearby communities roughly half an hour's drive from its downtown headquarters.<\p> The new location is Wexford, north of the city, in the Brooktree Office Park. SMGG also has an office in downtown Beaver, which it had opened back in 2001. <\p>
Local advisory firm heads up health care acquisition
Mount Lebanon-based health care advisory firm The Braff Group announced Wednesday the completion of an acquisition of Community Concepts Inc. and Community Visions LLC (CCI/CV) by Beacon Specialized Living.<\p> Based in Michigan and with a number of locations in eastern Pennsylvania, Beacon Specialized Living provides services to those with intellectual and developmental disabilities and mental health needs, ranging from supported employment to residential adult foster care. CCI/CV runs residential and day support programs in Northern Virginia.<\p>
UPMC CEO discusses how the system is navigating current challenges
UPMC, the state’s largest nongovernmental employer, is going through some tough times, with more than $100 million in operating losses in the first quarter alone and in the midst of a restructuring that will see it lose about 1% of its nearly 100,000 employees.<\p> Yet while UPMC isn’t immune to challenges, it’s in relatively better shape compared to other health care systems because it, like Highmark Health and Allegheny Health Network, owns not only hospitals, but also a significant health insurance division. And both UPMC and Highmark Health are likely to leverage those opportunities even further in the coming years, as the health care landscape shakes out and there are fewer and fewer small and independent hospitals and health care systems.<\p>
Attorney General files objection over Sharon Regional Medical Center
The Pennsylvania Attorney General's office and the former owners of the Sharon Regional Medical Center filed Tuesday to have a voice in a potential sale of the Mercer County hospital by bankrupt Steward Health System.<\p> Steward filed for bankruptcy in early May and immediately announced plans to sell its hospitals, including Sharon Regional that it acquired in 2017 from another privately owned company, CHS. Sharon had previously been owned by the Christian H. Buhl Trust. While there have been interest in Sharon there were no qualified bidders and the auction was postponed at the last minute.<\p>
Doing the math on the future prospects of downtown office tower
Rising 54 stories above Grant Street, BNY Mellon Center stands as a teetering question mark for downtown as its second largest building.<\p> As Bank of New York Mellon works to renovate the building it owns next door at 500 Ross, the financial institution has yet to show any signs of renewing its master lease at the more than 1.5 million square foot office tower at 500 Grant, which is set to expire in 2028.<\p>
U.S. Steel plant manager urges more review of county air-permit fees
The manager of United States Steel Corp. Clairton plant urged the Allegheny County Board of Health to do more review and analysis before passing on sizable proposed increases in fees on industrial air emissions.<\p> “Significant increases in fees will have a detrimental impact on businesses throughout the county and make the county less attractive to new businesses and manufacturing,” said Mark Jeffrey, who is also a member of the advisory council that met last month and was unable to move the potential changes to the county’s air pollution control act to the larger board.<\p>
See which housing developments are the biggest in Pittsburgh
Home builders and developers in the region continue to try to catch up with demand for new real estate and dozens of housing plans are under construction throughout southwestern Pennsylvania, as shown by the almost 100 plans on the recently published List of Pittsburgh-area Housing Plans Under Construction.<\p> More than 25 plans being built have at least 100 homes in the entire plan, according to the data from builders and from the plan or builder websites.<\p>
Tail End Capital raises a new fund, here's what to know
A Pittsburgh-based firm focused on a hot niche in private equity investing has raised its first fund.<\p> Tail End Capital Partners has raised a $34.45 million fund, Tail End Strategic Equity II LP, according to a filing with the U.S. Securities and Exchange Commission.<\p>
Builder pessimism grows with rising interest rates, added inventory
Homebuilders continue to offer a bevy of incentives to remain competitive, but sustained higher mortgage rates and an increase in the number of homes for sale is dampening their overall sentiment about market conditions. <\p> Major homebuilders like Lennar Corp. (NYSE: LEN) and D.R. Horton Inc. (NYSE: DHI), among others, have been offering various concessions to prospective buyers at a time of much-higher mortgage rates than a few years ago and record home-price appreciation. Among the more popular offerings is a mortgage-rate buydown, in which a builder will put points down to reduce a buyer's mortgage rate.<\p>
New York Times names Mineo's top 15 favorite pizzas in the world
Local pizza chain Mineo's Pizza House was featured in a New York Times' piece on reader's 15 favorite pizza places in the world.<\p> The New York Times food section initially published multiple articles on the history of pizza, as well as a ranking of some of the "best pizza spots in the country." Feedback from readers led to a new feature from the Times, leaving it up to the readers.<\p>
PASSHE board of governors approves tuition freeze
On Wednesday morning, the Board of Governors for the Pennsylvania State System of Higher Education voted unanimously to freeze tuition for the seventh year in a row.<\p> That means tuition for undergraduate in-state students at all 10 PASSHE schools, including Slippery Rock, Indiana and PennWest universities, will remain at $7,716 per year.<\p>
Near Earth lands Navy contract using its helicopter technology
The Naval Air Systems Command has selected Near Earth Autonomy as part of an aerial logistics connector program.<\p> For the program, Wilkinsburg-based Near Earth will utilize Leonardo AW139 helicopters to demonstrate an autonomous piloting system that can be operated without a remote pilot. According to a spokesperson for Near Earth, the goal of the program is "to field a flexible solution capable of transporting up to 3,000 pounds of cargo over a 200 [kilometer] radius" as well as serve in casualty evacuation roles.<\p>
New Ashley HomeStore coming to Monroeville
Ashley HomeStore, currently building out a new store at South Hills Village, is also preparing a new location in Monroeville as well.<\p> According to officials with the municipality of Monroeville, an Ashley HomeStore is taking over the former location of Phantom Fireworks at 4680 Old William Penn Highway, a one-time Giant Eagle store across from the community's M@C Discount location in a former Gander Mountain store. <\p>
Allegheny County may raise air pollution emissions fees
The Allegheny County Board of Health will hear Wednesday about revisions to Allegheny County air pollution control regulations that would see the fee rise substantially for large and small emitters.<\p> The proposed fee for the major air control permit fees — called Title V — would jump dramatically, from the current annual fee of $8,000 to an annual proposed fee of $15,000, $28,000 or $55,000 depending on the size of the plant and the emissions. The renewal fee, due every five years, would go from $4,000 to between $10,000 and $20,000, according to data presented to the Air Pollution Control Advisory Committee in June and published by the Group on Smog and Pollution (GASP).<\p>
LA law firm enters Pittsburgh, nabs 12 attorneys from Whiteford Taylor
At least a dozen lawyers jumped from Whiteford Taylor & Preston's downtown Pittsburgh office to Raines Feldman Littrell LLP, establishing a beachhead for the rapidly expanding Los Angeles law firm. The count zoomed from nine on Tuesday afternoon to 12 by Wednesday morning and there may be more.<\p> The three newest additions are Daniel Schimizzi, who joined as a partner, and associates Vivi Besteman and Jian Manganti.<\p>
Pittsburgh-based health provider expands in Florida
Pittsburgh-based direct primary care provider PeopleOne Health is expanding in Florida.<\p> PeopleOne announced Tuesday it would open a primary care clinic in Palatka, near St. Augustine, in July, in a project with RosenCare, the health care subsidiary of Rosen Hotels & Resorts. This will be followed by other primary care centers in other parts in Orange County, Florida, according to its website.<\p>
New state budget includes quadrupled historic tax credit
At a time when so much development is stalled in downtown Pittsburgh and building owners are scrambling for resources for their struggling properties, the newly passed $47.9B state budget offers some new opportunities as well as some sources of disappointment.<\p> Count a quadrupling of the value of Pennsylvania's Historic Preservation Tax Credit from $5 million statewide each year to $20 million as a major positive, say close observers. <\p>
Massive hunting property in Elk County sold
One of the largest hunting properties in Pennsylvania has been sold<\p> Whitetail Properties Real Estate announced the sale of North Fork Lodge, a 6,792-acre wilderness property in Elk County in northcentral Pennsylvania near St. Marys.<\p>
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