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Investment

Philadelphia-based bank deal receives $35M investment, calls for reconstitution of board

By Dave Kovaleski  |   September 29, 2023   |   Companies

Republic First Bancorp, based in Philadelphia, reached an agreement with the Norcross Braca Group for a multi-million-dollar investment in the bank and changes to the board. Under the terms of the...

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Wawa announces plans to invest $7M to support Ohio expansion

By Melina Druga  |   September 29, 2023   |   Companies

Wawa-based Wawa, a family-owned chain of convenience stores, plans to invest approximately $7 million to expand into Ohio. Over the next decade, the company plans to open approximately 60 stores. T...

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Gov. Shapiro unveils process to create economic development strategy

By Liz Carey  |   September 28, 2023   |   Featured

Pennsylvania Gov. Josh Shapiro kicked off the process of developing a comprehensive economic development strategy for the state, the first in two decades, his office said on Tuesday. During a visi...

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MSA Safety opens business services center in Warsaw, Poland

By Liz Carey  |   September 27, 2023   |   Companies

Cranberry Township, Penn.-based MSA Safety Inc. announced the grand opening of its new EMEA Global Business Services Center in Warsaw, Poland this year. The company’s business hub is located in ...

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US Pipelining completes refinery rehab project

By Melina Druga  |   September 27, 2023   |   Companies

Philadelphia-based US Pipelining, a company specializing in trenchless pipe rehabilitation technologies, recently completed a refinery rehabilitation project at Motiva’s refinery in Texas. Work i...

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Grupo Bimbo to invest in startups in the cookie and energy bar sector

By Liz Carey  |   September 26, 2023   |   Companies

Grupo Bimbo, the parent company of Horsham, Pa.-based Bimbo Bakeries USA, is currently accepting registrations for the second edition of “Bimbo Open Door,” its platform to invest in startups in th...

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Cecilian Partners secures $11M in Series A Funding

By Liz Carey  |   September 25, 2023   |   Companies

New Hope, Pa.-based Cecilian Partners, a proptech firm providing digital solutions for home builders and land developers, announced Wednesday, it had raised $11 million in its first institutional equi...

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Westinghouse to design, build Poland’s first nuclear plant

By Melina Druga  |   September 25, 2023   |   Companies

Cranberry Township-based Westinghouse Electric Co., a nuclear power company, and Bechtel, a Virginia-based engineering, construction and project management company, recently signed an agreement to des...

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Rendering of Bristol PHL Cool Port

Bristol Group to build cargo facility Philadelphia International Airport

By Melina Druga  |   September 22, 2023   |   Companies

Bristol Group, a privately-owned real estate investment and development firm, plans to build a approximately 261,000-square-foot climate-controlled cargo facility at Philadelphia International Airport...

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U.S. Steel, NETL collaborate on greenhouse gas capture project

By Liz Carey  |   September 22, 2023   |   Companies

Pittsburgh-based US Steel Corporation and the National Energy Technology Laboratory (NETL) announced they would be collaborating on a plan to test an advanced carbon capture technology. The project...

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Hearing examines available technical, vocational education services

By Melina Druga  |   September 21, 2023   |   Investment

The House Republican Policy Committee recently held a hearing in Hawley to discuss available technical and vocational education services. The hearing also discussed how to develop existing services...

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Mural Health raises $8M to expand clinical trial modernization platform

By Liz Carey  |   September 21, 2023   |   Companies

On Tuesday, Berwyn, Pa.-based Mural Health Technologies, Inc. announced it had raised $8 million in seed funding to accelerate the growth of its Mural Link platform to modernize the clinical trial exp...

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Eos Energy Enterprises to invest $500M into long-duration energy storage demand

By Liz Carey  |   September 20, 2023   |   Companies

Turtle Creek, Pa.-based Eos Energy Enterprises, Inc. announced recently it would invest $500 million into Project AMAZE (American Made Zinc Energy), an expansion program designed to scale up long-dura...

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Pratt Industries investing $500M in Carlisle corrugated packaging facility

By Melina Druga  |   September 20, 2023   |   Companies

Pratt Industries, a corrugated packaging company, recently announced that it will invest $500 million in its Carlisle facility. The project is expected to create hundreds of jobs over the next 10...

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Iowa company purchases Reading-based Northeast Spring

By Melina Druga  |   September 20, 2023   |   Companies

Iowa-based Iowa Spring, a manufacturer of springs used in the overhead door, construction, agriculture, and recreational equipment industries, recently purchased Reading-based Northeast Spring, a cust...

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International Paper opens Atglen plant

By Melina Druga  |   September 19, 2023   |   Companies

International Paper, a Tennessee-based packaging, pulp and other fiber-based products producer, recently opened a $100 million corrugated packaging facility in Atglen. The facility will produce cor...

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Strategic Investment Fund Partners completes first close of private offering

By Dave Kovaleski  |   September 19, 2023   |   Companies

Pittsburgh-based Strategic Investment Fund Partners (SIF) completed a first close at $34.1 million in a private offering from its existing investors and launched a new strategic focus for the fund. ...

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PennDOT awards bid for Central Susquehanna Valley Transportation Project

By Melina Druga  |   September 19, 2023   |   Investment

The Pennsylvania Department of Transportation (PennDOT) recently reviewed bids for the second construction contract of the Southern Section of the Central Susquehanna Valley Transportation Project (CS...

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Sofidel America increasing capacity at Ohio plant

By Melina Druga  |   September 15, 2023   |   Companies

Horsham-based Sofidel America, a subsidiary of the Sofidel Group, is investing $185 million to increase capacity at its Circleville, Ohio, plant. The investment will help the company meet the gro...

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Pixelle Specialty Solutions installs smelting robot

By Melina Druga  |   September 15, 2023   |   Companies

Spring Grove-based Pixelle Specialty Solutions, a specialty papers manufacturer, recently installed a smelt spout robot in its Spring Grove facility. Valmet, a technology, automation and services d...

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Most Read Last 7 Days

  • PennDOT awards bid for Central Susquehanna Valley Transportation Project
  • New report examines positive economic impact of natural gas industry for Pa.
  • Westinghouse to design, build Poland’s first nuclear plant
  • Cecilian Partners secures $11M in Series A Funding
  • Grupo Bimbo to invest in startups in the cookie and energy bar sector
  • Bristol Group to build cargo facility Philadelphia International Airport
  • U.S. Steel, NETL collaborate on greenhouse gas capture project
  • New report shows oil, natgas industry progress to reduce methane emissions
  • Kentucky company purchases Dutchland
  • MSA Safety opens business services center in Warsaw, Poland

State Policy News

  1. Gov. Shapiro unveils process to create economic development strategy
  2. Executive order establishes standards for artificial intelligence use among state agencies
  3. Hearing examines available technical, vocational education services
  4. PennDOT awards bid for Central Susquehanna Valley Transportation Project
  5. EPA proposal could damage economy, groups warn
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