Unemployment compensation (UC) tax rates for Pennsylvania businesses will decline by 1.1 percent in 2020, the lowest tax rate in 41 years, after the elimination of the UC tax rate interest factor. ...
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Canonsburg-based CONSOL Energy recently purchased a 25 percent stake in CFOAM Corp., a new holding company, for $3.5 million. CFOAM Limited owns the remaining stake. CONSOL Energy produces high...
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Berwyn-based AMETEK recently signed an agreement to sell its Reading Alloys business to Kymera International, which is headquartered in North Carolina, for $250 million. It is an all-cash transaction....
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Penn State New Kensington campus' innovation hub, The Corner, will be hosting a free, 10-week, business course beginning in February. Participants will meet for nine two-hour sessions and will work...
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The 2020 Pennsylvania Farm Show opened Saturday at the Pennsylvania Farm Show Complex and Expo Center in Harrisburg. Gov. Tom Wolf and state Agriculture Secretary Russell Redding opened the show, ...
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Berwyn-based Triumph Group recently sold its Nashville-based structures assembly operations to TECT Aerospace. The sale is part of the company’s multiyear plan to revamp its portfolio. The Na...
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Utz Quality Foods recently completed its merger with Kitchen Cooked, which included the Kitchen Cooked snack-food brand, manufacturing operations, and direct store delivery operations. "We are very...
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The Keystone Communities program, administered by the Department of Community and Economic Development, recently awarded more than $5 million in funding to 42 community revitalization projects through...
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The United States holds a competitive advantage regarding its domestic supplies of affordable natural gas and natural gas liquids (NGLs), according to the American Chemistry Council. The council st...
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Sandvik, a Stockholm-based high-tech and global engineering company, recently signed an agreement to purchase for an undisclosed amount Summerill Tube Corporation, based in Scottdale, Pa. Founded i...
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The Pennsylvania Gaming Control Board recently issued final licensing approval to Penn National Gaming for Hollywood Casino York, which will be located at the York Galleria Mall in Springettsbury Town...
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State Rep. Jordan Harris (D-Philadelphia), House Democratic whip, applauds the passage of House Bill 1477 that restructures how the state’s occupational licensure system views criminal records. U...
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The Lehigh Valley’s gross domestic product (GDP) reached $41.2 billion in 2018, according to the U.S. Department of Commerce’s Bureau of Economic Analysis, which is 4.4 percent higher than 2017 an...
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The Erie Regional Chamber and Growth Partnership recently launched a $5.2 Million regional economic and community development initiative during its annual meeting. “Erie Forward is the most strat...
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Montgomery County Commissioners recently adopted a $428.4 million budget for 2020. The budget provides a 2.75 percent wage increase for all nonrepresented employees effective Jan. 1 and includes l...
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F.N.B. Corp. will relocate its corporate headquarters for First National Bank to FNB Financial Center in downtown Pittsburgh. The 24-story, mixed-use tower is planned for the corner of Washington ...
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Astrobotic Technology, a space robotics company, plans to relocate its headquarters from Carnegie Mellon University to Pittsburgh’s North Side neighborhood. The company will invest $6.55 million ...
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Pennsylvania is the nation’s second-largest natural gas provider, according to an Independent Fiscal Office (IFO) report. The state’s production volume grew 10.8 percent this year, 2 percentag...
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Limelight Bio, a multi-disease biopharmaceutical company developing gene therapies, recently raised $75 million in financing funded by life sciences innovation fund Apple Tree Partners (ATP). The c...
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PPG Industries recently announced it will raise the price of industrial coatings products up to 10 percent globally. The increase will go into effect as early as permissible by contract or on Jan....
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