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Home » Investment » Page 27

Investment

Triumph Group opens Connecticut center

By Melina Druga  |   February 7, 2024   |   Companies

Radnor-based Triumph Group, an aerospace and defense systems and components manufacturer, recently announced it created a Thermal Solutions Development Center in its existing Triumph Systems Electroni...

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Pennsylvania governor’s budget taps surplus to fund education, transit

By Tracy Rozens  |   February 6, 2024   |   Featured

Pennsylvania Gov. Josh Shapiro unveiled his 2024-25 budget to the General Assembly on Tuesday, a $48.3 billion proposal that relies on the state’s surplus reserves to invest in education, economic d...

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Westinghouse to supply reactor to Czech Republic

By Melina Druga  |   February 6, 2024   |   Companies

Westinghouse Electric Co. and its construction partner Bechtel, an engineering, construction and project management partner to industries and governments, recently signed a cooperation agreement with ...

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PPL, partners to receive $72M for research from DOE

By Liz Carey  |   February 6, 2024   |   Companies

Allentown, PA-based PPL Corporation announced Friday that it and its research partners have been awarded $72 million by the U.S. Department of Energy’s Office of Clean Energy Demonstrations to fund ...

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Alcoa to supply French company with aluminum

By Melina Druga  |   February 5, 2024   |   Companies

Pittsburgh-based Alcoa, a bauxite, alumina and aluminum products provider, recently agreed to supply France-based Nexans, a cable producer, with aluminum. “Alcoa is well positioned to supply low ...

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Solesis building facility in Costa Rica

By Melina Druga  |   February 5, 2024   |   Companies

Telford-based Solesis, a designer, developer and manufacturer of textile- and polymer-based healthcare solutions for the medical device and biopharmaceutical industries, recently announced it will be ...

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Delaware Valley Industrial Resource Center awarded $1M contract for Submarine Industrial Base initiatives

By Melina Druga  |   February 2, 2024   |   Companies

BlueForge Alliance, a nonprofit, neutral integrator that supports the U.S. Navy’s Submarine Industrial Base (SIB) initiatives, recently awarded Philadelphia-based Delaware Valley Industrial Resource...

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DOE chooses Coherent for battery tech funding

By Liz Carey  |   February 2, 2024   |   Companies

On Wednesday, the U.S. Department of Energy (DOE) announced Pittsburgh-based Coherent Corp., would receive multimillion dollar funding to develop its chemical immobilization technology for lithium sul...

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Pennsylvania Biotechnology Center will provide support for promising life sciences startups

By Liz Carey  |   February 1, 2024   |   Companies

On Monday, the Pennsylvania Biotechnology Center (PABC) announced it will provide support to more than a dozen life sciences startups in the state. Part of PABC’s initiative, the Academic Innova...

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International company purchases DisSolves

By Melina Druga  |   February 1, 2024   |   Companies

Generation Food Rural Partners I (GFRP), an international investment fund, recently agreed to purchase Pittsburgh-based DisSolves, a material science company. “DisSolves was founded to reimagine ...

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Sale closes on Essential Utilities properties in Allegheny County

By Melina Druga  |   February 1, 2024   |   Companies

Phoenix-based Cordia, an energy solutions provider, recently closed on its $165 million purchase of three Essential Utilities, nonutility microgrid and district energy properties in Allegheny County. ...

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United Natural Foods to install robotic automation system at Manchester facility

By Pennsylvania Business Report  |   January 31, 2024   |   Companies

United Natural Foods (UNFI), a grocery wholesaler, plans to implement an A.I.-powered robotic automation system in its s distribution center, in Manchester. The 1.3 million-square-foot facility wil...

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State awards $2.232M to agricultural industry

By Melina Druga  |   January 31, 2024   |   Investment

The Pennsylvania Department of Agriculture recently awarded $2.232 million in research grants for project proposals statewide. Research grants address issues critical to sustaining and growing Penn...

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Shapiro launches statewide economic development strategy

By Liz Carey  |   January 31, 2024   |   Featured

On Tuesday, Pennsylvania Gov. Josh Shapiro joined Rick Siger, Secretary of the Department of Community and Economic Development in announcing the first comprehensive economic development plan for the ...

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Westinghouse provides nuclear fuel rods for testing

By Melina Druga  |   January 30, 2024   |   Companies

Westinghouse Electric Co. recently provided Idaho National Laboratory with 25 irradiated nuclear fuel rods for testing and examination -- a step toward qualification of the new design. The rods, wh...

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Duquesne Light names winner of underground electrical network challenge

By Dave Kovaleski  |   January 29, 2024   |   Companies

Duquesne Light Company (DLC) selected a winner for its two-year innovation challenge to create a safer and more reliable underground electrical network. The winning solution for DLC’s Monitoring...

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Pennsylvania College of Technology receives $1.4M in funding

By Melina Druga  |   January 29, 2024   |   Companies

Coterra Energy, in conjunction with the company’s Neighborhood Assistance Program (NAP), recently provided the Pennsylvania College of Technology with $1.4 million NAP funding. Funding will pay f...

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Philadelphia to benefit from $20B investment under TD Bank’s three-year Community Impact Plan

By Melina Druga  |   January 26, 2024   |   Companies

Philadelphia will benefit from a $20 billion investment TD Bank is providing through its three-year Community Impact Plan to support lending, philanthropy, and banking access in diverse and underserve...

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Ralph S. Alberts receives $72,000 state investment

By Melina Druga  |   January 26, 2024   |   Companies

The Department of Community and Economic Development (DCED) recently awarded Ralph S. Alberts Co., a multifaceted custom molding company, a $72,000 Pennsylvania First grant to offset a portion of the ...

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Texas company to supply Covestro with chemicals

By Melina Druga  |   January 24, 2024   |   Companies

Texas-based Encina Development Group, a producer of circular chemicals derived from end-of-life plastics, recently entered into a long-term supply agreement to supply Covestro, a manufacturer of polym...

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