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Home » Investment » Page 37

Investment

L&I awards $800,000 to train workforce to build broadband infrastructure

By Melina Druga  |   August 25, 2023   |   Investment

The Pennsylvania Department of Labor & Industry (L&I) recently awarded four registered pre-apprenticeship and apprenticeship programs $800,000 in federal Infrastructure Investment and Jobs Act grants ...

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Sen. Casey highlights areas that qualify for energy communities tax credits

By Melina Druga  |   August 24, 2023   |   Federal

U.S. Sen. Bob Casey (D-PA) recently released a map showing areas of Pennsylvania that qualify as “energy communities” under a provision in the Inflation Reduction Act, where bonus tax credits are ...

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Noveome Biotherapeutics completes first close of $40M financing

By Melina Druga  |   August 22, 2023   |   Companies

Pittsburgh-based Noveome Biotherapeutics, a clinical-stage biopharmaceutical company, recently completed the first closing of a $40 million Series E financing aimed at tackling a rare pediatric diseas...

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Penelec to install 350 reclosing devices in 2023

By Melina Druga  |   August 21, 2023   |   Companies

Penelec, a subsidiary of FirstEnergy Corp. recently announced it is on track to install approximately 350 automated “TripSaver” reclosing devices in 2023. The programmable devices are installed...

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Top scientists gather in Pittsburgh to discuss mitigating climate change

By Liz Carey  |   August 21, 2023   |   Investment

Some of the country’s top scientists and engineers will gather in Pittsburgh this month to discuss climate change mitigation research. The meeting, the 2023 Fossil Energy & Carbon Management (FE...

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L&I awards more than $685,000 in work force development grants

By Melina Druga  |   August 21, 2023   |   Featured

The Pennsylvania Department of Labor & Industry (L&I) recently awarded 16 programs statewide more than $685,000 in Digital Literacy and Workforce Development (DLWDG) grants. Most programs received $45...

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PPG to invest $5M in environmental sustainability education

By Melina Druga  |   August 18, 2023   |   Companies

PPG and the PPG Foundation recently announced they will invest $5 million by 2030 in environmental sustainability education worldwide. PPG and the PPG Foundation will support educational programmin...

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Frontage Laboratories, Frontage Canada purchase Canadian company

By Melina Druga  |   August 18, 2023   |   Companies

Exton-based Frontage Laboratories and Frontage Canada, its wholly-owned subsidiary, recently completed their purchase of Toronto-based Nucro-Technics and its affiliate Nucro-Technics Holdings. Nucr...

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FTC signs off on EQT’s deal to acquire assets from Tug Hill and XcL Midstream

By Dave Kovaleski  |   August 18, 2023   |   Companies

The U.S. Federal Trade Commission (FTC) has resolved its review of EQT Corp.'s agreement to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets, both in the Appalach...

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Sen. Casey pushes Tech Hub designations for Pittsburgh, Philadelphia, Lehigh Valley

By Liz Carey  |   August 17, 2023   |   Featured

On Tuesday, U.S. Sen. Bob Casey (D-PA) sent a letter of support to designate Pittsburgh, Philadelphia, and Lehigh Valley as Regional Technology and Innovation Hubs, or “Tech Hubs.” Created by ...

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UGI invests more than $1M in educational programs in Pennsylvania

By Melina Druga  |   August 17, 2023   |   Companies

Over the past year, UGI Utilities has invested more than $1 million in education through the Pennsylvania Department of Community and Economic Development’s Education Improvement Tax Credit (EITC) p...

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Astrobotic building lunar research facility in California

By Melina Druga  |   August 17, 2023   |   Companies

Pittsburgh-based Astrobotic has begun work at its propulsion and test facility in Mojave, Calif., on a high-fidelity 3D test field that will mimic the topography and optical properties of the moon’s...

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Harmony Biosciences Holdings purchases Zynerba Pharmaceuticals

By Melina Druga  |   August 16, 2023   |   Companies

Plymouth Meeting-based Harmony Biosciences Holdings, a pharmaceutical company specializing in the treatment of rare neurological diseases, recently entered into an agreement to purchase Devon-based Zy...

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PennDOT announces nearly $34M in federal funding for EV charging stations

By Liz Carey  |   August 16, 2023   |   Featured

Pennsylvania will receive more than $33.8 million for electric vehicle charging stations officials said Monday. In a joint announcement, Pennsylvania Department of Transportation (PennDOT) Secreta...

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Truck-Lite opens lighting laboratory

By Melina Druga  |   August 15, 2023   |   Companies

Erie-based Truck-Lite, a provider of lighting, wiring harnesses, turn signals and safety accessories for the medium- and heavy-duty vehicles, recently opened its Advanced Transportation Lighting Labor...

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House Republican hearing examines tourism, local opportunities in Lehigh Valley

By Melina Druga  |   August 15, 2023   |   Investment

The House Republican Policy Committee recently met in Lehigh Valley to discuss bringing more business to the region with local leaders. The goal was to highlight the economic importance of touris...

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Broadband Development Authority approves multi-year plan

By Melina Druga  |   August 14, 2023   |   Federal

The Pennsylvania Broadband Development Authority recently approved a multi-year plan to secure $1.16 billion in federal funding to expand broadband access statewide. The five-year plan, Connecting ...

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U. S. Steel to build AI applications

By Melina Druga  |   August 14, 2023   |   Companies

Pittsburgh-based United States Steel Corp. (U. S. Steel) recently announced it will be building applications using Google Cloud’s generative artificial intelligence (gen AI) technology to improve ef...

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House Majority Policy Committee holds hearing on business diversity

By Melina Druga  |   August 11, 2023   |   Investment

The House Majority Policy Committee recently held a hearing on how supplier diversity and supporting minority-owned businesses will strengthen the supply chain. “The region, state and nation is b...

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Sen. Casey applauds Biden executive order to screen investments in national security

By Dave Kovaleski  |   August 11, 2023   |   Featured

U.S. Sen. Bob Casey (D-PA) applauded an executive order signed by President Joe Biden to screen U.S. investments in national security sectors that are made in countries of concern, like China. “T...

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