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Home » Investment » Page 2

Investment

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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Pennsylvania manufacturers get new path into defense supply chain through SBA-backed initiative

By Bill Yingling  |   August 7, 2026   |   Companies

Two Pennsylvania organizations will receive federal support for training and technical assistance to help in developing small manufacturers, the U.S. Small Business Administration announced this week....

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Shelfmark raises $3.5M to expand AI for continuous manufacturing

By Kim Riley  |   August 7, 2026   |   Companies

Shelfmark, a Pittsburgh-based industrial AI company, has raised $3.5 million in seed funding to expand its AI-driven technology for manufacturers that produce materials on reels, rolls, and other cont...

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Westinghouse, Amentum team up to speed up next-generation nuclear reactors

By Kim Riley  |   August 6, 2026   |   Companies

Westinghouse Electric Co., which has corporate headquarters in Cranberry Township, Pa., is joining forces with Chantilly, Va.-based Amentum to make it easier and faster to build new nuclear power plan...

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PNC celebrates opening of 50th branch since launch of coast-to-coast build out

By Liz Carey  |   August 5, 2026   |   Companies

Pittsburgh-based PNC Bank celebrated the opening of its 50th new location since announcing its coast-to-coast build-out of more than 300 branches across the country. The build-out is part of its s...

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Robotics & AI Discovery Day expands with Defense Pavilion

By Liz Carey  |   August 4, 2026   |   Investment

Pittsburgh’s Robotics & AI Discovery Day on Sept. 16 will add a new Defense Pavilion to the conference showcasing technologies transforming the industry, national security and the next era of innova...

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AlarMax Distributors opens two new facilities in Pittsburgh

By Kim Riley  |   August 4, 2026   |   Companies

Pittsburgh-based AlarMax Distributors Inc., a national wholesale distributor of security, fire, access control, surveillance, AV, networking, and low-voltage solutions, is opening two new facilities, ...

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