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Home » Investment

Investment

Burlington Stores moving headquarters to West Philadelphia

By Melina Druga  |   September 8, 2026   |   Companies

Burlington Stores Inc., an off-price retailer, recently announced it will invest $370 million to relocate its corporate headquarters from Burlington, N.J., to West Philadelphia’s Schuylkill Yards de...

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Pittsburgh startup bank selects technology provider

By Melina Druga  |   September 4, 2026   |   Companies

Sagehaven Bancorp, a proposed national banking organization that will be headquartered in Pittsburgh, recently selected Florida-based Nymbus, a banking platform provider, as its technology provider. ...

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Chobani purchasing Allentown facility

By Melina Druga  |   September 2, 2026   |   Companies

New York-based Chobani, a food and beverage company, will purchase a 1.5-million-square-foot manufacturing and warehouse campus in Allentown from Keurig Dr Pepper and invest approximately $1.2 billion...

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Expanding energy in the state could lower costs, boost reliability

By Kim Riley  |   September 2, 2026   |   Featured

Pennsylvania could lower electricity costs, bolster grid reliability, and attract investment by expanding energy production, witnesses told lawmakers Aug. 26 at a state House Republican Policy Committ...

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Allegheny Health Network completes lighting upgrades

By Melina Druga  |   August 31, 2026   |   Companies

Allegheny Health Network (AHN), an integrated health care delivery system serving the greater Western Pennsylvania region, recently completed lighting retrofits and facility optimization projects at A...

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Battery company consolidates manufacturing at Warrendale location

By Liz Carey  |   August 31, 2026   |   Companies

Pittsburgh energy storage company Eos Energy Enterprises said it will consolidate its battery manufacturing operations at Thorn Hill, its production facility in Warrendale, Pa. Eos said it began c...

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Concurrent Technologies receives $14.9M military contract

By Melina Druga  |   August 31, 2026   |   Companies

Marine Corps Installations Command (MCICOM) Government Facilities (GF) recently awarded Johnstown-based Concurrent Technologies Corp. (CTC), an applied scientific research and development professional...

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Gerard Daniel Worldwide expanding in York County

By Melina Druga  |   August 28, 2026   |   Companies

Hanover-based Gerard Daniel Worldwide, North America's largest manufacturer and distributor of porous media to the filtration, separation and barrier markets, plans to invest $2.1 million to expand it...

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Westinghouse microreactor selected for Army project

By Liz Carey  |   August 28, 2026   |   Companies

Cranberry Township, Pa.-based Westinghouse announced its microreactor, eVinci, has been selected by the U.S. Army for use in the next phase of its Janus Program. The Janus Program is part of the Ar...

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Wabtec, Norfolk Southern to modernize 33 locomotives

By Melina Druga  |   August 28, 2026   |   Companies

Pittsburgh-based Wabtec Corp. and Norfolk Southern Corp. recently announced a program to modernize 33 of the railroad’s DC-traction Evolution Series locomotives. The program, which is underway, is p...

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Silvi Cement opening two new terminals

By Melina Druga  |   August 27, 2026   |   Companies

Fairless Hills-based Silvi Cement, a company in the ready-mix concrete, sand mining, stone mining, slag and cement businesses, recently announced it will be expanding its rail-served cementitious mate...

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Unisys announces high-performance AI infrastructure partnership

By Liz Carey  |   August 24, 2026   |   Companies

Unisys, based in Blue Bell, Pa., said it will partner with data center cooling technology company Refroid Technologies to help organizations build, deploy and maintain high-performance computing infra...

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Volvo Construction rolls out first U.S.-built equipment

By Liz Carey  |   August 21, 2026   |   Featured

Volvo Construction Equipment, based in Shippensburg, Pa., announced the roll out of its first American-built excavators and large wheel loaders. The company recently expanded its U.S. footprint wh...

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FORT Robotics enters agreement with Newbury Street, with plans to go public

By Liz Carey  |   August 20, 2026   |   Companies

Philadelphia-based FORT Robotics announced it has entered into an agreement with Newbury Street II Acquisition Corp to combine their businesses and eventually take the combined company public. FOR...

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Citadel Credit Union opening third Philadelphia branch

By Melina Druga  |   August 17, 2026   |   Companies

Exton-based Citadel Credit Union, a member-owned financial institution, recently announced it has signed a lease with Esperanza, a Hispanic faith-based nonprofit organization, for a building in the Hu...

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Penn State’s mining engineering program receives Department of Energy grant

By Melina Druga  |   August 14, 2026   |   Featured

The U.S. Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation recently awarded Penn State’s mining engineering program with a up to $100 million grant as part of the Prov...

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NextEra Energy, others reach gas-powered generation funding milestone

By Liz Carey  |   August 14, 2026   |   Companies

An agreement between NextEra Energy, Inc., the U.S. Department of Commerce and the Government of Japan will fund development and operation of natural gas-powered generation projects in Pennsylvania an...

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NFL Draft generated $177M in economic impact for Pittsburgh region, studies find

By Kim Riley  |   August 12, 2026   |   Featured

The 2026 NFL Draft generated $177 million in economic impact for the Pittsburgh region and more than $1.5 billion in economic value from global media exposure, according to two independent post-event ...

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Pennsylvania to receive more than $1.5M in grants for timber industry

By Liz Carey  |   August 11, 2026   |   Investment

U.S. Rep. Glenn “GT” Thompson (R-PA) said Pennsylvania will receive more than $1.5 million in funding for forestry businesses. Thompson said the grants will support forestry management, increa...

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Pittsburgh-based Continuim Equity Partners closes fund at $548M

By Liz Carey  |   August 10, 2026   |   Companies

Continuim Equity Partners, based in Pittsburgh, announced it had closed the Continuim Equity Partners Fund III, LP with $548 million in total commitments. Fund III closed after just 32 days in the...

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