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Home » Investment » Page 12

Investment

Appalachian Regional Commission awards $33.5M in economic development grants

By Melina Druga  |   November 1, 2024   |   Federal

The Appalachian Regional Commission (ARC), an economic development entity of the federal government and 13 state governments focusing on the counties in the Appalachian Region, recently awarded 12 col...

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New renewable natural gas plant goes online in the Keystone State

By Kim Riley  |   November 1, 2024   |   Companies

A new renewable natural gas (RNG) plant in Hegins, Pa., is up and running, according to joint venture partners Archaea Energy and UGI Energy Services LLC. “Pennsylvania is a critical state for Ar...

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EQT Corp. sells remaining interest in Northern Marcellus gas units to Equinor for $1.25B

By Kim Riley  |   October 31, 2024   |   Companies

EQT Corp., one of the largest producers of natural gas in the United States with operations in Pennsylvania, West Virginia, and Ohio, signed an agreement with Norway’s Equinor, which will acquire ad...

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Port of Philadelphia awarded $79.7M federal grant

By Melina Druga  |   October 31, 2024   |   Investment

The U.S. Environmental Protection Agency (EPA) recently awarded the Port of Philadelphia (PhilaPort) a $79.7 million Clean Ports Program grant. The program funds zero-emission port equipment and in...

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Penflex receives Alberta Boilers Safety Association approval for metal hose assemblies

By Melina Druga  |   October 30, 2024   |   Companies

The Alberta Boilers Safety Association (ABSA) recently approved Gilbertsville-based Penflex Corporation’s made-to-stock metal hose assemblies for a Canadian Registration Number (CRN). In Canada, ...

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New manufacturing factory, facility upgrades planned for western Pennsylvania with $86M investment

By Kim Riley  |   October 30, 2024   |   Companies

Western Pennsylvania is poised to reap the benefits of an $86 million investment being made by Mitsubishi Electric Power Products Inc. (MEPPI). MEPPI plans to construct a new 160,000-square-feet ad...

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Folkland Foods receives $3M reimbursement grant

By Melina Druga  |   October 29, 2024   |   Companies

The Redevelopment Assistance Capital Program (RACP), a reimbursement grant program administered by the Office of the Budget, recently awarded Waterford-based Folkland Foods a $3 million development gr...

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PeopleOne Health secures $32M+ in new capital to support strategic expansion

By Kim Riley  |   October 29, 2024   |   Companies

PeopleOne Health Inc., a value-based primary care provider located across Pennsylvania, said Oct. 24 the company secured up to $32.3 million in Series B funding. The new capital, led by Google Vent...

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First Carolina Bank to acquire BM Technologies

By Melina Druga  |   October 29, 2024   |   Companies

North Carolina-based First Carolina Bank recently entered into a definitive agreement to purchase Radnor-based BM Technologies (BMTX), a banking platform, for an equity value of approximately $67 mill...

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Pennsylvania to receive more than $244M in Abandoned Mine Land funds

By Melina Druga  |   October 28, 2024   |   Federal

The Department of the Interior and the Office of Surface Mining Reclamation and Enforcement recently awarded Pennsylvania more than $244 million in Abandoned Mine Land (AML) program funds. The progra...

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Credit: PA Gov. Shapiro's office

GSK, state support largest economic development project in Lancaster County’s history

By Kim Riley  |   October 28, 2024   |   Companies

GSK plc, a London-headquartered multinational pharmaceutical and biotechnology company, is investing up to $800 million in Pennsylvania to increase its R&D and manufacturing footprint at its exist...

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Philadelphia Gas Works awarded $40M federal infrastructure safety, modernization grant

By Melina Druga  |   October 24, 2024   |   Companies

The Pipeline and Hazardous Materials Safety Administration (PHMSA) recently awarded Philadelphia Gas Works (PGW) a $40 million Natural Gas Distribution Infrastructure Safety and Modernization grant. ...

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California power generator manufacturer to build facility near Pittsburgh

By Melina Druga  |   October 24, 2024   |   Companies

The U.S. Department of Energy Office of Manufacturing and Energy Supply Chains recently awarded California-based Mainspring Energy, a power generator manufacturer, a $87 million Advanced Energy Manufa...

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Tyoga Container completes $30M expansion

By Melina Druga  |   October 23, 2024   |   Companies

Tyoga Container, a corrugated box manufacturer, has invested $30 million to expand its facility in Tioga, Pa. The company redesigned its facility to included 126,000-square-feet of factory space an...

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Firepoint Energy plans to lease 100 acres in Pennsylvania for waste-to-coal-energy development

By Kim Riley  |   October 23, 2024   |   Companies

Firepoint Energy Inc., a developer of waste-coal-to-energy, intends to lease 100 acres in Indiana County, Pa., to develop a pilot site for extracting lithium, creating synthetic jet fuel, and eliminat...

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Little Leaf Farms expanding McAdoo location

By Melina Druga  |   October 22, 2024   |   Companies

Massachusetts-based Little Leaf Farms, a controlled environment agriculture (CEA) company, recently announced it is expanding its McAdoo campus. Earlier this month, the company opened a third green...

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Pittsburgh poised to become global hub for human health innovation, new study says

By Kim Riley  |   October 22, 2024   |   Featured

Data-driven healthcare and connected devices, along with the development and manufacturing of next-generation therapeutics, could make Pittsburgh a global hub for human health innovation, according to...

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Proposed federal funding would support construction of new Infinera manufacturing plant in PA

By Kim Riley  |   October 21, 2024   |   Companies

United States lawmakers representing Pennsylvania applauded a newly proposed federal investment that could help semiconductor manufacturer Infinera Corp. build a new plant in Bethlehem, Pa.  Speci...

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Hershey signs agreements with nine African cocoa-producing cooperatives

By Melina Druga  |   October 17, 2024   |   Companies

The Hershey Company recently announced it signed five-year agreements with nine cocoa-producing cooperatives in Côte d'Ivoire and with Sucden, a French soft commodities trader. The agreements inc...

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Partnership launches initiative to advance robotics, autonomy and artificial intelligence innovation

By Melina Druga  |   October 16, 2024   |   Investment

Carnegie Mellon University, in collaboration with the University of Pittsburgh and NVIDIA, a California-based computer hardware company, recently launched the NVIDIA AI Tech Community, an initiative t...

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