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Companies

Community and Economic Development Department approves $14M tax credits for early-stage tech companies

By Melina Druga  |   May 16, 2022   |   Companies

The Pennsylvania Department of Community and Economic Development recently approved $14 million in Keystone Innovation Zone (KIZ) 2021 tax credits for 197 early-stage technology companies statewide. ...

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Allegheny Technologies sells UK operation

By Melina Druga  |   May 16, 2022   |   Companies

Allegheny Technologies Incorporated (ATI), a producer of high performance materials and solutions for the global aerospace and defense markets, recently completed the sale of its Sheffield, United Kin...

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PJM releases summer forecast, estimates seasonal demand peaking at 149,000 megawatts

By Melina Druga  |   May 13, 2022   |   Companies

PJM Interconnection, the nation’s largest electric grid operator, recently released its summer forecast for electricity demand. According to the forecast, summer demand is expected to peak at app...

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Aramark to separate its uniform services into new company

By Melina Druga  |   May 12, 2022   |   Companies

Aramark, a food, facilities, and uniform services provider, plans to separate Aramark Uniform Services (AUS) into an independent, publicly traded company by the end of fiscal year 2023. Aramark Uni...

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Kraft-Heinz partners with Pulpex to develop sustainable, recyclable ketchup bottle

By Liz Carey  |   May 12, 2022   |   Companies

Pittsburgh-based Heinz announced Tuesday that it will team up with Pulpex to develop a sustainable, recyclable bottle made from wood pulp for its iconic ketchup brand. Using 100 percent sustainabl...

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KeyBank purchases Philadelphia loan forgiveness company

By Melina Druga  |   May 11, 2022   |   Companies

Cleveland-based KeyBank, one of the largest bank-based financial services companies, recently purchased Philadelphia-based GradFin, a public service loan forgiveness counseling provider. GradFin, f...

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Energy Harbor, Standard Power to develop nuclear energy data infrastructure

By Liz Carey  |   May 11, 2022   |   Companies

Energy Harbor Corp. and Standard Power announced Monday that they had signed a Memorandum of Understanding to develop a large-scale carbon free data infrastructure operation near Energy Harbor’s Shi...

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Penske initiative supports electric vehicle charging stations

By Melina Druga  |   May 11, 2022   |   Companies

Reading-based Penske Truck Leasing, a transportation services provider, and Shell Recharge Solutions North America, a global group of energy and petrochemical companies, recently announced a joint ini...

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Legislators announce $2M redevelopment grant for Bucks County’s Klover SEPA, Inc.

By Liz Carey  |   May 10, 2022   |   Companies

Pennsylvania Sens. Bob Mensch (R-24), Pat Browne (R-16), and Rep. Craig Staats (R-145) announced Friday that Klover SEPA, Inc., was the winner of a $2 million state redevelopment grant. The compan...

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Clearly Clean Products named fastest-growing manufacturer in Northeast Pennsylvania

By Melina Druga  |   May 10, 2022   |   Companies

The Northeast Pennsylvania Manufacturers and Employers Association (NEPA) recently named Clearly Clean Products as the fastest-growing manufacturer in Northeast Pennsylvania. NEPA also presented the ...

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PPG opens architectural paints and coatings color automation facility in Milan

By Melina Druga  |   May 10, 2022   |   Companies

PPG recently opened its $2.1 million Milan, Italy, architectural paint and coatings color automation laboratory. “The new paint color automation laboratory will further strengthen our leadershi...

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Caterpillar Inc. purchases Pennsylvania energy service company

By Melina Druga  |   May 9, 2022   |   Companies

Caterpillar Inc., a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, recently purchased Kennett ...

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Lumber company opening Clarion County facility

By Melina Druga  |   May 6, 2022   |   Companies

Lewis Lumber and Milling, a Tennessee-based producer of unfinished hardwood wide plank flooring, cabinet moldings, and components, plans to open a manufacturing facility in Clarion County. The fa...

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Ansys, BMW developing software for autonomous vehicles

By Melina Druga  |   May 6, 2022   |   Companies

Pittsburgh-based Ansys, an engineering simulation company, and the BMW Group recently extended their collaboration to create a tool guided by safety principles to develop and validate advanced driver-...

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Alcoa report highlights sustainability

By Melina Druga  |   May 5, 2022   |   Companies

Alcoa Corp. recently released its 2021 Sustainability Report, providing a detailed overview of progress toward achieving net zero greenhouse gas (GHG) emissions across its global operations by 2050 fo...

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Massachusetts company purchases Pennsylvania hydroelectric plants

By Melina Druga  |   May 4, 2022   |   Companies

Massachusetts-based FirstLight Power, a clean power producer, developer, and energy storage company, recently purchased two hydroelectric facilities on the Allegheny River from H2O Power, an Ontario-b...

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Freshpet to add Hanover Township facility

By Melina Druga  |   May 4, 2022   |   Companies

Freshpet, a pet food and treats manufacturer, recently announced it will build a 99,000-square-foot innovation kitchen near its existing location in Hanover Township in the Lehigh Valley. Freshpet ...

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3 Points Rising Ventures receives $2.5M from state entities

By Melina Druga  |   May 3, 2022   |   Companies

The Pennsylvania Department of Community and Economic Development (DCED) and the Ben Franklin Technology Development Authority (BFTDA) recently awarded $2.5 million on behalf of 3 Points Rising Ventur...

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Air Products signs long-term industrial gases supply agreement

By Liz Carey  |   May 2, 2022   |   Companies

Air Products' Global Headquarters, based in Lehigh Valley, Pa., announced its subsidiary, Air Products San Fu, was awarded a long-term contract to supply industrial gases to one of the world’s large...

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Utz subsidiary purchases manufacturing facility

By Melina Druga  |   May 2, 2022   |   Companies

Utz Quality Foods, a subsidiary of Hanover-based Utz Brands, recently purchased a 125,000-square-foot snack food manufacturing facility in Kings Mountain, N.C., for approximately $38.4 million. The...

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