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Home » Investment » Page 33

Investment

Sen. Casey announces Pennsylvania Economic Growth Initiative

By Liz Carey  |   October 24, 2023   |   Featured

U.S. Sen. Bob Casey (D-PA) announced Friday new federal initiatives would support economic and workforce growth for Pennsylvania energy communities. Joined by U.S. Department of Energy Secretary E...

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PPL to receive nearly $50M for grid modernization from U.S. DOE

By Liz Carey  |   October 23, 2023   |   Featured

On Oct. 19, Allentown-based PPL Electric Utilities (PPL) announced it would be receiving nearly $50 million from the U.S. Department of Energy (DOE) for a grid modernization project. PPL said it w...

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Triumph Group business to maintain aircraft seats

By Melina Druga  |   October 23, 2023   |   Companies

An unnamed major U.S. mainline operator recently selected Radnor-based Triumph Group’s (TRIUMPH) Product Support business in Hot Springs, Ark., to perform shipset maintenance for Passenger Service U...

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Mawson to host approximately 50 megawatts of bitcoin machines at Midland facility

By Melina Druga  |   October 23, 2023   |   Companies

Sharon-based Mawson Infrastructure Group, a digital infrastructure company, recently signed a customer co-location agreement to host approximately 50 megawatts of bitcoin machines for at its Midland f...

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DOE awards PECO with up to $100M in grant funding

By Liz Carey  |   October 20, 2023   |   Companies

Philadelphia-based PECO will receive up to $100 million in grant funding from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program to support investment into it...

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AHF Products purchases Tennessee company

By Melina Druga  |   October 20, 2023   |   Companies

Mountville-based AHF Products, a manufacturer of hard surface flooring, recently purchased Tennessee-based Crossville, a manufacturer of porcelain tile and accessories. The purchase brings AHF to 1...

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PPG divests some Australian, New Zealand operations

By Melina Druga  |   October 19, 2023   |   Companies

Pittsburgh-based PPG recently divested its Traffic Solutions operations in Australia and New Zealand to Swedish-based Geveko Markings, a pavement markings specialist, for an undisclosed amount. â€...

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State, local leaders discuss benefits of hydrogen hub

By Liz Carey  |   October 19, 2023   |   Featured

Pennsylvania Gov. Josh Shapiro joined local leaders in Philadelphia Tuesday to discuss the economic benefits and job creation aspect of the $750 million in federal investments for the Mid-Atlantic Cle...

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Hilco Redevelopment Partners breaks ground on South Philadelphia project

By Melina Druga  |   October 18, 2023   |   Companies

Hilco Redevelopment Partners (HRP), a real estate investment and redevelopment company, recently broke ground on the first phase of transforming an obsolete industrial site into a state-of-the-art inn...

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Eaton begins expansion of Texas facility

By Melina Druga  |   October 18, 2023   |   Companies

Pittsburgh-based Eaton, an intelligent power management company, recently broke ground on the 200,000-square-foot, $100 million expansion of its Nacogdoches, Texas, manufacturing facility. The exp...

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Harmony Biosciences Holdings purchases Zynerba Pharmaceuticals

By Melina Druga  |   October 17, 2023   |   Companies

Plymouth Meeting-based pharmaceutical company Harmony Biosciences Holdings recently completed its purchase of Zynerba Pharmaceuticals, a pharmaceutical company producing transdermal cannabinoid therap...

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U. S. Steel holds ribbon cutting for steel line

By Melina Druga  |   October 16, 2023   |   Companies

Pittsburgh-based United States Steel Corp. (U. S. Steel) recently held a ribbon-cutting ceremony to celebrate the opening of its $450 million, nongrain oriented electrical steel line at its Big River ...

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PennDOT seeks Public-Private Partnership proposals

By Liz Carey  |   October 16, 2023   |   Featured

The Pennsylvania Department of Transportation (PennDOT) announced Thursday that it would be accepting unsolicited public-private partnership proposals for transportation projects through Nov. 10. ...

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Venatorx Pharmaceuticals awarded federal contract

By Melina Druga  |   October 16, 2023   |   Companies

The U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority recently awarded Malvern-based Venatorx Pharmaceuticals a contract to support the development...

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Two Pennsylvania projects selected as hydrogen hubs with up to $1.68B in federal funds

By Liz Carey  |   October 13, 2023   |   Featured

Two projects partly located in Pennsylvania will become some of the first clean hydrogen hubs in the country after being selected by the U.S. Department of Energy (DOE) on Friday. The projects, kn...

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M&T Bank invests $250,000 in science and technology center

By Melina Druga  |   October 13, 2023   |   Companies

M&T Bank recently invested $250,000 in the Center for Innovation and Entrepreneurship (CIE) at Harrisburg University of Science and Technology. The center offers opportunities for partners to inves...

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Rolls-Royce taps Westinghouse for reactor fuel

By Liz Carey  |   October 13, 2023   |   Companies

Cranberry Township-based Westinghouse Electric Company will develop and design the nuclear fuel for Rolls-Royce’s Small Modular Reactor program, the companies said Wednesday. Westinghouse is a l...

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Pennsylvania Congressional delegates announce $10M for Clean Energy Manufacturers

By Liz Carey  |   October 12, 2023   |   Featured

On Tuesday, U.S. Sens. Bob Casey (D-PA) and John Fetterman (D-PA) and U.S. Reps. Chris Deluzio (D-PA) and Summer Lee (D-PA) announced Pittsburgh-based Catalyst Connection would receive $10 million to ...

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Conference addresses state contracting opportunities

By Melina Druga  |   October 12, 2023   |   Companies

The Pennsylvania Department of General Services (DGS) hosted earlier this month the Small Business Empowerment Summit, a two-day conference to connect small, small diverse, and veteran-owned businesse...

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Texas company purchases Royal Truck & Equipment

By Melina Druga  |   October 12, 2023   |   Companies

Texas-based Alamo Group, a provider of equipment for vegetation management, infrastructure maintenance and other applications, recently purchased all of Shoemakersville-based Royal Truck & Equipmentâ€...

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