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Pittsburgh Business Times
FBI asks for help from public to investigate attempted assassination
FBI and state police were scouring Butler County and elsewhere around the Pittsburgh region late Saturday and early Sunday in the wake of the attempted assassination of former President Donald Trump. One of the centers of the investigation was the rooftop at a nearby complex where the shooter fired the shots.<\p> “It’s still an active crime scene,” said Kevin Rojek, special agent in charge of the Pittsburgh Field Office of the FBI during a late-night news conference.<\p>
Former President Trump wounded at Butler County rally
Former President Donald Trump was wounded and rushed to a Butler County hospital after a gunman fired multiple shots during an assassination attempt at a campaign rally Saturday evening in Butler. <\p> One person in the crowd was killed in the gunfire and two others critically wounded and transported by helicopter to AHN Allegheny General Hospital. The suspected shooter is dead.<\p>
Pitt to raise tuition for in-state students at main campus by 2%
Less than one day after the Pennsylvania State Legislature passed the state operating budget, granting the University of Pittsburgh and other state-related universities millions of dollars in funding, Pitt has officially passed its own operating budget for the coming year.<\p> The University of Pittsburgh board of trustees met on Friday to discuss and vote on the proposed $3.2 billion budget, which does include the $155 million that the state has granted for the university, an amount that remains flat over the past five years. <\p>
Here's what Pa. budget has for rural hospitals, long-term care
Pennsylvania's new budget will put some money toward helping the commonwealth's rural hospitals survive financial tough times.<\p> The $46 billion budget, which was signed late Thursday by Gov. Josh Shapiro, includes $34.5 million set aside to help rural hospitals and Pennsylvanians in those areas keep access to health care. There is $10 million set aside for supplemental one-time payments to help stabilize the finances of rural hospitals. There's also money to study what else can be done to get rural hospitals on a better financial track.<\p>
Local leaders, organizations react to new PA budget
Late Thursday night, after months of negotiations and discussion, Pennsylvania Gov. Josh Shapiro signed a state budget for 2024-2025.<\p> The signing came nearly two weeks late, as the state was operating without a budget for 11 days. In the end, the $47.6 billion budget was a comprehensive spending plan and a testament to bipartisanship.<\p>
Local telecom company to pay $6.5M to settle whistleblower allegations
Butler County-based Armstrong Group of Companies will pay $6.5 million to settle allegations that the company submitted false claims to the Federal Communications Commission as part of a program to provide federal funding to expand connectivity infrastructure in rural and underserved areas.<\p> The complaint, which was originally filed in 2017, alleges that the company had "knowingly submitted fraudulent cost reports" to the agencies to receive subsidies through the FCC's Universal Service Fund directly. These misallocated costs were alleged to include "upwards of 80% of executive compensation that was incurred in non-telecom work and should have been allocated to other non-subsidized Armstrong subsidiaries."<\p>
Pennsylvania Housing Finance Agency gives credits to six city projects
Two housing projects at key junctures of Hazelwood's redevelopment, one a long-planned proposal for its Second Avenue business district, the other on the Hazelwood Green site.<\p> An historic building conversion overlooking the Allegheny River.<\p>
Futrell's Viewpoint: Growing our own is key to region’s prosperity
There is a rule of thumb among economists that two-thirds of a region’s economy is driven by the activity in a region. And when it comes to growing that economy, the lion’s share of investment comes from businesses already located in your backyard. <\p> An analysis of over 3,400 business investment announcements identified by the Allegheny Conference on Community Development between 2007 and 2023 demonstrates the importance of ensuring an environment where a region’s existing businesses can thrive and grow. <\p>
Editorial: UPMC, city permit dispute caused more harm than good
The latest tussle between the City of Pittsburgh and UPMC over permitting took a very public and embarrassing turn that’s detrimental to our region.<\p> It all began when the City of Pittsburgh on June 20 abruptly ordered UPMC to stop work on some of the construction of its new Presbyterian Tower Expansion in Oakland, all because of one random and unscheduled visit by an inspector who uncovered that some of the electrical, mechanical and fire alarm/suppression work hadn’t been fully permitted. While the electrical and mechanical permits have now all been issued (the fire suppression and fire alarm ones are expected to come by next week), some workers were off the job for a few weeks, and it has been disruptive to all involved. <\p>
4moms acquired by Massachusetts firm
UPPAbaby, a global baby products company, has closed on an asset purchase agreement with the parent company of 4moms, a local robotics company specializing in products for infants.<\p> 4moms was founded in 2005 by Henry Thorne and Robert Daley. The company's initial product was a folding stroller. It then received larger recognition for a robotic baby rocker, which has sold millions of units.<\p>
Experts expect $500M PA SITES program to generate local investment
The specific projects to benefit most quickly remain under veil.<\p> But two key economic development professionals in the region expect the benefits to be quickly felt from the new $500 million PA SITES program passed in the $47.6B state budget, providing a major new tool to spur development investment throughout the region and state.<\p>
Here's why BNY CEO believes 'our best days are ahead'
The top executive at BNY touted the growing momentum and evolution of an internal movement that's been referenced for more than a year, during a wide-ranging investors call on Friday. <\p> Robin Vince, president and CEO, returned to the "One BNY" concept repeatedly. Analysts pressed him to "put more meat on the bones."<\p>
Pharmacy benefits manager reform bill on governor's desk
A bill that will tighten regulations on pharmacy benefit managers and sponsored by two Allegheny County lawmakers is headed to the governor's desk.<\p> House Bill 1993 passed the Pennsylvania House of Representatives in late June and then passed the Senate on Thursday, with an additional approval by the House after a slight amendment in the Senate. The bill's prime sponsors are state Rep. Jessica Benham, D-Allegheny County and state Rep. Valerie Gaydos, R-Allegheny County, who has also sponsored previous bills on the issue.<\p>
Pitt sees flat state funding for fifth year in a row
With Thursday’s late-night passage and signing of the Pennsylvania State Budget by the legislature and Gov. Josh Shapiro also came funding granted for the commonwealth’s four state-related universities.<\p> That includes the University of Pittsburgh, Penn State, and Lincoln University and Temple University on the other side of the state. Funding for these universities is granted via a separate appropriations bill, HB 613, and must be passed by a two-thirds vote rather than simple majority. <\p>
This Mars home is for sale for over $2 million (photos)
A property in Mars in Allegheny County is currently for sale for over $2 million.<\p> The home is located at 665 Chilliwack Ln. in the Venango Trails neighborhood. It is listed for sale with Angela Hoying Pulkowski of Berkshire Hathaway HomeServices for $2.19 million. <\p>
Herky Pollock lays out vision of Billy Porter for Homewood landmark
Billy Porter's storybook career on stage and screen that started in Pittsbugh now is stoking a new vision for a long-empty building in Homewood.<\p> After the Urban Redevelopment Authority of Pittsburgh first announced Porter's unsolicited bid for one of its buildings last year, Herky Pollock and Joe King made the first public presentation for Porter's proposal for the Greater Pittsburgh Coliseum at a Homewood community meeting on Thursday evening, fleshing out the vision for a community center and business incubator in the long-vacant building.<\p>
Michigan grocery giant hires real estate exec from Giant Eagle
With more than 240 stores throughout the Upper Midwest, including one on the edge of the Pittsburgh market in Boardman, Ohio, Grand Rapids-based Meijer may have made its most aggressive move yet in a potential bid to expand into western Pennsylvania.<\p> Peggy Walsh, who spent more than five years in real estate leadership roles at Giant Eagle, is now a real estate manager for the Greater Pittsburgh region for Meijer, according to her recently updated LinkedIn account, a new post she started in July.<\p>
Turtle Creek manufacturer reaches compliance with Nasdaq listing rules
Eos Energy Enterprises shares jumped 5.1% in early trading Friday after the Turtle Creek battery manufacturer announced it had satisfied minimum listings on the Nasdaq stock exchange.<\p> Nasdaq told Eos (Nasdaq: EOSE) on May 20 that it had 180 days to spend at least 10 consecutive trading days above the $1 a share price minimum or face delisting. Eos had fallen to as low as 61 cents a share and was 70 cents a share in late May. It hadn't closed at $1 or above since April 5.<\p>
Shapiro signs $47.6B budget
After eleven days without a state budget, lawmakers from both parties agreed on a $47.6 billion budget for 2024-25, increasing spending by 6%.<\p> Late Thursday night, Gov. Josh Shapiro put ink to paper and signed the budget, ending a months long stalemate.<\p>
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