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Home » Investment » Page 28

Investment

Lehigh Valley International Airport receives $40.8M federal grant

By Melina Druga  |   January 24, 2024   |   Federal

The U.S. Department of Transportation recently awarded the Lehigh Valley International Airport with a $40.8 million Nationally Significant Multimodal Freight and Highways Projects Grants program grant...

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Amtrak holds groundbreaking ceremony for Philadelphia station project

By Melina Druga  |   January 23, 2024   |   Companies

Amtrak recently held a ceremony to celebrate the start of construction on major renovations at William H. Gray III 30th Street Station in Philadelphia. The event was attended by Amtrak officials, c...

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MCE acquires Piedmont Electric Motor Repair, Inc.

By Liz Carey  |   January 23, 2024   |   Companies

Zelienople, PA-based Motion & Control Enterprises (MCE) announced Thursday it had acquired Piedmont Electric Motor Repair, Inc., of Asheboro, N.C. Founded in 1971, Piedmont offers a range of indus...

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Appalachian Regional Commission funds PSU research into sustainable power grids

By Liz Carey  |   January 22, 2024   |   Investment

The Appalachian Regional Commission (ARC) is funding a $10 million multi-state collaboration with Penn State University to develop and deploy smart grids for rural electric cooperatives, researchers s...

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Pennsylvania legislators announce natural gas expansion investment

By Liz Carey  |   January 18, 2024   |   Featured

On Tuesday, Pennsylvania Sen. Gene Yaw (R-23) and Rep. Joe Hamm (R-84) announced the state had awarded Muncy Township in Lycoming County more than $552,000 for a natural gas line expansion. Funded...

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Acrisure launches Mid-Atlantic Region

By Melina Druga  |   January 18, 2024   |   Companies

Acrisure, a Fintech company, recently created a Mid-Atlantic Region, encompassing its businesses in Pennsylvania, Delaware, Maryland, Virginia and West Virginia, that will operate under the Acrisure b...

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PQ purchases Swiss silicate business

By Melina Druga  |   January 17, 2024   |   Companies

Malvern-based PQ, a silicates, silicas and derivative products provider, recently purchased Switzerland-based vanBaerle Group’s specialty silicate business. The purchase allows PQ to further dive...

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U.S. Steel, GTI Energy awarded DOE funding to test Industrial Carbon Capture technology

By Liz Carey  |   January 16, 2024   |   Companies

On Thursday, GTI Energy announced it would be testing its new carbon management technology at the U.S. Steel Edgar Thomson Facility in Braddock, Pa. GTI, a leader in carbon management tech, said i...

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Penn State receives $3.3M state grant for EV implementation

By Melina Druga  |   January 16, 2024   |   Investment

The Pennsylvania Department of Environmental Protection (DEP) recently awarded Penn State a $3.305 million grant to implement electric vehicles (EV) and infrastructure at University Park. The gran...

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East Penn launches environmental campaign

By Melina Druga  |   January 16, 2024   |   Companies

East Penn Manufacturing, a manufacturer of high-quality lead batteries and accessories, recently launched Power2Recycle, an environmental campaign designed to highlight the importance of proper recycl...

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Alcoa to curtail production at Western Australia facility

By Melina Druga  |   January 12, 2024   |   Companies

Pittsburgh-based Alcoa Corp. will fully curtail production at its 60-year-old Kwinana Alumina Refinery in Western Australia, during the second quarter. The company took into consideration multiple ...

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Axalta Coating Systems products win innovation award

By Melina Druga  |   January 12, 2024   |   Companies

The Business Intelligence Group (BIG), an annual business awards program recognizing organizations, products and people, recently awarded two Glen Mills-based Axalta Coating Systems’ products with t...

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Legislation would prioritize American made products

By Melina Druga  |   January 11, 2024   |   Investment

Legislation recently introduced in the state House of Representatives would require state government operations prioritize American-made products when items are purchased. House Bill 1917 would req...

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Excelitas Technologies relocating to Pittsburgh

By Liz Carey  |   January 11, 2024   |   Companies

On Tuesday, Pennsylvania Gov. Josh Shapiro announced photonics technology company Excelitas Technologies Corp., will move its headquarters to Pittsburgh in the coming year. Officials said Excelita...

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PPG hires Morgan Stanley as financial advisor for strategic review

By Melina Druga  |   January 11, 2024   |   Companies

Pittsburgh-based PPG recently hired Morgan Stanley & Co. LLC as financial advisor. Morgan Stanley will be tasked with helping review strategic alternatives for PPG’s silica products business. The...

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AmerCareRoyal purchases California company

By Melina Druga  |   January 10, 2024   |   Companies

Exton-based AmerCareRoyal (ACR), a disposable foodservice supplies supplier, recently purchased California-based Thermosource Tooling and Manufacturing (TTM), a thermoformed and flexible packaging sol...

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Pennsylvania awards nearly $500,000 in Farm Bill Grants to future ag leaders

By Liz Carey  |   January 10, 2024   |   Featured

On Monday, the Pennsylvania Agriculture Secretary awarded nearly $500,000 in grants to prepare young farmers for success. The PA Farm Bill Agriculture & Youth Grants were awarded to 47 organizatio...

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Pennsylvania’s investment helps Astrobotic Technology lead trip back to the moon

By Liz Carey  |   January 9, 2024   |   Companies

Pittsburgh-based Astrobotic Technology’s Peregrine lander will carry out the first American mission the moon in more than 50 years, thanks to Pennsylvania’s investment, Gov. Josh Shapiro said. ...

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LB Capital opens Bristol headquarters

By Melina Druga  |   January 9, 2024   |   Companies

LB Capital, a company specializing in positioning smaller companies for successful future acquisition by private equity firms, recently opened its 25,000-square-foot Bristol headquarters. The new h...

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Aurora Innovation, Continental AG close to finalizing autonomous truck design

By Melina Druga  |   January 9, 2024   |   Companies

Pittsburgh-based Aurora Innovation, an autonomous freight solutions company, and Germany-based Continental AG, a technologies and services company, recently announced they have finalized the design an...

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