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Pittsburgh Business Times
BNY colors its logo a new way and, no, it's not melon
The Bank of New York Mellon Corp. didn’t just shorten its brand to BNY, the logo was also tweaked.<\p> The logo changes include a more modern font, a refined arrow and a distinctive teal color. The new shade comes after more than a decade of steely metallics. <\p>
This Sewickley home is for sale for almost $3 million (photos)
A home in Sewickley is currently for sale for $2.95 million. <\p> The home is listed with Molly Howard of Howard Hanna Real Estate Services. It is located at 224 Thorn St., on a part of the street that Howard said is often referred to as "the parade route," where the Sewickley Memorial Day parade is held and where neighbors often gather for "porch parties." <\p>
Mountain Valley Pipeline goes into operation after tumultous decade
After a decade of development and court battles that included a literal act of Congress to achieve all the federal approvals, the Mountain Valley Pipeline is now in service.<\p> The 303-mile pipeline takes natural gas from Pennsylvania, via a connecting pipeline, from West Virginia to Virginia and markets in the southeast. The pipeline began operations this week for short-term natural gas transportation before its contracted, long-term natural gas carrying begins July 1.<\p>
Penguins, Live Nation reveal revised design of concert venue
The "pivot" of the Pittsburgh Penguins' development team to move forward with a new 4,500-capacity performance venue to the Lower Hill now includes its partner Live Nation on board to design and oversee its development.<\p> The development point man for the Penguins was joined by the design manager for Live Nation in presenting a new design and strategy approach for the new venue to the regularly scheduled June board meeting of the Urban Redevelopment Authority of Pittsburgh on Thursday, showing a new black-clad facility to replace the former design.<\p>
F.N.B. wins big for digital prowess at Banking Tech Awards
F.N.B.'s eStore has claimed a new honor. It was named Best Digital Initiative at the 2024 Banking Tech Awards USA as F.N.B. was recognized for successfully implementing a technology-driven customer banking initiative with a digital proposition at its core.<\p> F.N.B. Corp. (NYSE:FNB) is the second-largest bank headquartered in Pennsylvania according to assets, which were $46 billion, or 5th in the Pittsburgh metro by deposit market share. F.N.B., which develops its technology in-house, aims to create a single customer experience that spans its physical and digital delivery channels.<\p>
Newly Minted: Meet 23 top execs who are new to their roles
Throughout the year, the Business Times writes about and keeps track of executives who have been named to top leadership posts at the region’s largest companies and nonprofits.<\p> This year, we decided to take this coverage a step further. Welcome to the first ever Newly Minted!<\p>
Feds add new initiative to build commercial traffic on local waterways
The federal government is beginning a new push to diversify the moving of freight along the region's waterways and associated economic development.<\p> The Interagency Working Group on Coal and Coal Power Communities, a group made up of several federal agencies to help spur development in legacy energy committees, has been empowered by the Senate Fiscal Year 2024 Energy and Water Development Appropriations bill to come up with new ways to use the Ohio, Allegheny and Monongahela rivers where the traditional moving of coal has declined in recent years.<\p>
Most Americans still struggle to get away from work while on vacation
Most Americans struggle to get away from work while on vacation, even as some progress is being seen in restoring work-life balance.<\p> About 59% of the 2,000 Americans surveyed by communications firm Movchan Agency said they struggled to switch off during their downtime and 63% said they felt anxious if they didn’t check work emails while away. Overall, 54% said they worked while on vacation, although that's a lower share than previous years. <\p>
Moonshot Museum appoints new executive director after long search
Pittsburgh native Jimyse Brown will serve as the second executive director of the Moonshot Museum, Pittsburgh's space museum.<\p> "Becoming the first African-American Executive Director of a space museum in Pennsylvania and the first globally focused on career readiness for the 21st century space industry is a milestone I hold close to my heart," Brown wrote on LinkedIn. "I stand on the shoulders of those who have come before me, breaking barriers in civil rights, education, community engagement and various professional sectors."<\p>
How state and federal funding becoming critical to building up region
How far can the Shapiro administration’s $10 million pilot program go to make a difference with a pad-ready site? One of the handful of winners of the PA SITES funding can tell you first-hand that it makes a big difference.<\p> That project is the Windy Ridge Business & Technology Park, a 200-acre site in White Township, Indiana County. The Indiana County Development Corp. first acquired the site in 2010 and received several rounds of RACP monies for development of the site, which now includes a 958,000-square-foot Urban Outfitters Inc. fulfillment center.<\p>
Animal wins gold Addy at national advertising awards event
A Pittsburgh production firm brought home the gold at the American Advertising Awards.<\p> Animal Studio was honored with a gold Addy for Internet Commercial Campaign, film/video/sound. Titled “Who’s a Good Owner?" the campaign was created for Progressive Insurance.<\p>
Robotics firm to relocate near Pittsburgh International Airport
Titan Robotics, a nearly 10-year-old company working to build on its niche in serving the aerospace industry, is moving its headquarters to the Airside Business Park near Pittsburgh International Airport where it already operates a research facility.<\p> The company has reached an agreement with the Elmhurst Group, owner of the three-building flex office park in Moon Township, to take a 34,330-square-foot space in building 400 this fall, according to a joint announcement by Elmhurst and the Pittsburgh office of JLL, which represents the complex.<\p>
Citizens hires new market manager for business banking
Citizens has tapped a local executive well-versed in working with small and midsize companies in the Pittsburgh area for a leadership post. <\p> Renee Coyner came aboard as senior vice president and business banking market manager for western Pennsylvania. Citizens said its business banking segment covers companies with up to $25 million in annual revenue and that Coyner specifically will focus on businesses with up to $10 million in annual revenue. <\p>
Plum Borough School District announces $5 million for new project
Plum Borough School District announced $5 million in funding to add 25 electric school buses through the federal EPA Clean School Bus Program.<\p> “The addition of electric school buses into our fleet will not only help to improve air quality and reduce greenhouse gas emissions, but they also reduce maintenance expenses and provide a more comfortable and quiet ride for our students,” Superintendent Rick Walsh said in a release.<\p>
Pittsburgh Technical College bringing teach-out partners to campus
Following the news of its impending closure, Pittsburgh Technical College has released plans to host visits with six local institutions and universities with which it has entered into teach-out agreements for students. <\p> The first visit, according to information released by PTC on June 12, was scheduled for June 13 from 9 a.m. to 1 p.m. A second visit is scheduled for June 17 from 10 a.m. to 2 p.m. <\p>
The Playbook: The common pay threads for high-performing companies
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> During a time when more workers expect transparency around pay, most top-performing companies are proving to be forthcoming — but that's not the only common thread. <\p>
Iron City Distiller's Reserve Gin wins multiple industry awards
When distiller Matt Strickland joined Iron City Distilling, he and the team were focused on whiskey. He wasn't expecting to distill gin — and he certainly wasn't expecting to win multiple industry awards from the first batch.<\p> "I've made a lot of gin throughout my career but I did not expect to be doing it here," Strickland said. "We are very much focused on whiskey, but if we're going to do something we're going to try to do it the best we can."<\p>
BAM Capital buys Ascent 430 in Warrendale
A fast-growing Indianapolis investor group has bought a high-profile apartment complex in the north suburbs.<\p> The company couldn't be immediately reached for comment. But BAM Capital now lists Ascent 430, a garden-style multifamily development that Cleveland-based NRP Group built and opened in 2015 that includes a total of 319 apartments, as part of its growing portfolio on its website.<\p>
Wary Fed keeps rates steady, but indicates 1 rate cut in 2024
One and done, at least for 2024. The Federal Open Market Committee expects to make one rate cut this year. <\p> It didn’t happen at FOMC’s two-day June meeting, which concluded on Wednesday. The Federal Reserve kept rates steady at 5.25% to 5.5% as the regulator noted “modest further progress” on bringing inflation down to its 2% goal. <\p>
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