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Home » Investment » Page 3

Investment

Grid modernization remains at core of Duquesne Light, Lehigh University partnership

By Kim Riley  |   August 3, 2026   |   Companies

Pittsburgh-based Duquesne Light Co. (DLC), which serves 600,000 customers in southwest Pennsylvania, continues an ongoing partnership with Lehigh University to turn advanced academic research into rea...

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GE Vernova expanding Charleroi facility

By Melina Druga  |   August 3, 2026   |   Companies

Massachusetts-based GE Vernova, an energy equipment manufacturing and services company, recently announced plans to expand its power transmission manufacturing facility in Charleroi. The $138 milli...

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Purchase to keep New Oxford turkey processing facility operational

By Melina Druga  |   July 31, 2026   |   Companies

The Wenger Group (TWG) recently purchased Plainville Farms, a turkey processing facility in New Oxford, from private equity firm Regent. TWG made the purchase through Farm Fresh Turkey Products, a ...

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Nasdaq to invest $6.2M into Philadelphia operations

By Liz Carey  |   July 31, 2026   |   Companies

Financial technology company Nasdaq, Inc., announced it will invest $6.2 million in its Philadelphia operations, buoyed by a $710,000 investment by the state. Gov. Josh Shapiro announced Nasdaq’...

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Penn State receives $20M National Science Foundation grant

By Melina Druga  |   July 29, 2026   |   Investment

The National Science Foundation recently awarded Penn State University a $20 million grant for the development of new semiconductor and quantum materials. Funding will be used to establish a new fa...

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Pennsylvania American Water investing in career opportunities

By Melina Druga  |   July 28, 2026   |   Companies

Pennsylvania American Water, the state's largest regulated water utility and a subsidiary of American Water, recently announced it is investing in programs and partnerships that create career opportun...

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Federal legislation would invest in shipbuilding, maritime manufacturing

By Melina Druga  |   July 28, 2026   |   Federal

U.S. Rep. Mike Kelly (R-PA) recently co-introduced legislation in the U.S. House of Representatives that would encourage long-term private investment in U.S. shipbuilding and maritime manufacturing by...

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Partnership purchases Easton industrial building

By Melina Druga  |   July 21, 2026   |   Companies

A partnership between Lancaster-based Benchmark Real Estate, a real estate development and construction company, and New York City-based Regal Ventures, a real estate investment manager targeting infi...

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Philadelphia shipyard selected to build vessels for the U.S. Missile Defense Agency

By Liz Carey  |   July 21, 2026   |   Companies

Philadelphia’s Hanwha Philly Shipyard will join TOTE Service, out of Florida, to build the U.S. Missile Defense Agency’s Missile Range Instrumentation Vessels, the companies announced recently. ...

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PA Chamber of Business, Keystone Space Collaborative partnership to advance space economy

By Melina Druga  |   July 20, 2026   |   Companies

The Pennsylvania Chamber of Business and Industry, representing employers of all sizes and sectors statewide, and Pittsburgh-based Keystone Space Collaborative, a nonprofit organization committed to a...

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Bedford County industrial park project receives $6.7M in state funding

By Melina Druga  |   July 20, 2026   |   Investment

The 44-acre Bette Brown Slayton Business Park in Bedford County recently received $6.7 million in state funding to support construction. The Bedford County Development Association (BCDA) project wi...

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Eos Energy Enterprises wins contract for Golden Dome for America

By Liz Carey  |   July 20, 2026   |   Companies

Pittsburgh-based Eos Energy Enterprises, Inc., announced it had won a contract with the U.S. Department of War to integrate mission-ready long-duration energy storage support for the Golden Dome for A...

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California tech company opens facility in York

By Melina Druga  |   July 17, 2026   |   Companies

California-based Kratos Defense & Security Solutions, a technology company specializing in defense and national security, recently opened a 167,000-square-foot advanced manufacturing facility in York....

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Credit: Philly Shipyard

Sen. McCormick-led defense summit draws $10B in commitments, 4,000 new PA jobs

By Bill Yingling  |   July 16, 2026   |   Companies

Pennsylvania is at the heart of the nation's defense, and a wave of 30 investments announced this week reflect the continuing drive to keep the state at the forefront. Nearly $10 billion in investm...

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Philadelphia-based ZeroEyes announces $10M investment in AI R&D

By Liz Carey  |   July 16, 2026   |   Companies

Analytics weapons detection and threat intelligence platform ZeroEyes, based in Philadelphia, announced it will invest $10 million into AI/ML research and development. The company said the investm...

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Impossible Metals picks Pittsburgh for new robotics hub

By Kim Riley  |   July 16, 2026   |   Companies

Impossible Metals Inc. said Wednesday it plans to open an Advanced Marine Robotics Hub in Pittsburgh, where the manufacturing company will develop autonomous underwater technology aimed at collecting ...

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Philly lands $24M JPMorganChase investment to boost Navy Yard shipbuilding jobs

By Kim Riley  |   July 16, 2026   |   Companies

JPMorganChase is investing $24 million to help expand shipbuilding and maritime manufacturing in Philadelphia, backing new workforce training, small business suppliers, and a major Navy Yard manufactu...

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U.S. Energy Department announces up to $150M funding opportunity for oil, gas projects

By Liz Carey  |   July 10, 2026   |   Federal

The U.S. Department of Energy’s (DOE) Hydrocarbons and Geothermal Energy Office (HGEO) announced a funding opportunity for cost-shared projects for the U.S. oil and natural gas industry. The fun...

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Mitsubishi Chemical Advanced Materials expanding in Berks County

By Melina Druga  |   July 10, 2026   |   Companies

Mitsubishi Chemical Advanced Materials, a subsidiary of Japan-based Mitsubishi Chemical Group, plans to invest $20.3 million to expand its Reading operations. “This investment reflects Mitsubishi...

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Pittsburgh company selected to advance energy infrastructure redevelopment initiative

By Liz Carey  |   July 9, 2026   |   Companies

Pittsburgh-based KeyLogic, LLC, a leading provider of advanced energy systems analysis, said it has been selected to lead an initiative to study energy infrastructure redevelopment. KeyLogic will ...

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