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Home » Investment » Page 80

Investment

Legislators announce $2M redevelopment grant for Bucks County’s Klover SEPA, Inc.

By Liz Carey  |   May 10, 2022   |   Companies

Pennsylvania Sens. Bob Mensch (R-24), Pat Browne (R-16), and Rep. Craig Staats (R-145) announced Friday that Klover SEPA, Inc., was the winner of a $2 million state redevelopment grant. The compan...

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PPG opens architectural paints and coatings color automation facility in Milan

By Melina Druga  |   May 10, 2022   |   Companies

PPG recently opened its $2.1 million Milan, Italy, architectural paint and coatings color automation laboratory. “The new paint color automation laboratory will further strengthen our leadershi...

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Caterpillar Inc. purchases Pennsylvania energy service company

By Melina Druga  |   May 9, 2022   |   Companies

Caterpillar Inc., a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, recently purchased Kennett ...

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Butane blending could lower gas prices, Appalachia energy leaders say

By Liz Carey  |   May 9, 2022   |   Featured

Leaders from Appalachian natural gas producers told U.S. Sen. Joe Manchin (D-WV) in a letter last week that butane could be an effective means of lowering gasoline prices. Representatives from Mar...

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Event highlights “transformative effects” of broadband in Pennsylvania

By Liz Carey  |   May 6, 2022   |   Featured

Bringing broadband internet access to rural communities in northeastern Pennsylvania will bring with it opportunities, officials said at a broadband infrastructure event on Wednesday. Representati...

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Lumber company opening Clarion County facility

By Melina Druga  |   May 6, 2022   |   Companies

Lewis Lumber and Milling, a Tennessee-based producer of unfinished hardwood wide plank flooring, cabinet moldings, and components, plans to open a manufacturing facility in Clarion County. The fa...

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Ansys, BMW developing software for autonomous vehicles

By Melina Druga  |   May 6, 2022   |   Companies

Pittsburgh-based Ansys, an engineering simulation company, and the BMW Group recently extended their collaboration to create a tool guided by safety principles to develop and validate advanced driver-...

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Cheyney University receives $5M grant through Redevelopment Assistance Capital Program

By Melina Druga  |   May 5, 2022   |   Investment

The state recently awarded Cheyney University a $5 million grant through the Redevelopment Assistance Capital Program (RACP). The program supports critical expansion projects, provides job creation...

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Massachusetts company purchases Pennsylvania hydroelectric plants

By Melina Druga  |   May 4, 2022   |   Companies

Massachusetts-based FirstLight Power, a clean power producer, developer, and energy storage company, recently purchased two hydroelectric facilities on the Allegheny River from H2O Power, an Ontario-b...

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Freshpet to add Hanover Township facility

By Melina Druga  |   May 4, 2022   |   Companies

Freshpet, a pet food and treats manufacturer, recently announced it will build a 99,000-square-foot innovation kitchen near its existing location in Hanover Township in the Lehigh Valley. Freshpet ...

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3 Points Rising Ventures receives $2.5M from state entities

By Melina Druga  |   May 3, 2022   |   Companies

The Pennsylvania Department of Community and Economic Development (DCED) and the Ben Franklin Technology Development Authority (BFTDA) recently awarded $2.5 million on behalf of 3 Points Rising Ventur...

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Gov. Wolf, state Democrats propose $1.7B for small businesses

By Melina Druga  |   May 3, 2022   |   Featured

Gov. Tom Wolf and his Democratic colleagues in the General Assembly have proposed a $1.7 billion spending plan for small businesses struggling from continually rising costs. Under the plan, uncommi...

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Ben Franklin clients generated more than $2 billion in revenue in 2021

By Melina Druga  |   April 28, 2022   |   Companies

Ben Franklin Technology Partners’ clients generated more than $2 billion in revenue in 2021 and secured $917 million in post-Ben Franklin financing, according to a recent report. According to the...

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Investments in hemp industry highlighted at summit

By Melina Druga  |   April 28, 2022   |   Featured

The 2022 Pennsylvania Hemp Summit ran Tuesday and Wednesday in Lancaster, featuring nearly 100 hemp growers and entrepreneurs. Industrial hemp is grown for fiber and seed. It is a different variety...

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Officials tour Philadelphia Navy Yard to discuss federal investments

By Melina Druga  |   April 27, 2022   |   Federal

Government and business officials recently toured the Philadelphia Navy Yard to discuss ongoing federal investments at the facility. Officials included U.S. Reps. Mary Gay Scanlon (D-PA) and Steny ...

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Crown Holdings to build high-speed aluminum line in Spain

By Melina Druga  |   April 27, 2022   |   Companies

Yardley-based Crown Holdings, a rigid packaging products supplier, recently announced that it will build a new high-speed aluminum line at its Agoncillo, Spain, beverage-can facility. The additio...

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Manufacturing PA Initiative grant to improve glass recycling technology

By Liz Carey  |   April 27, 2022   |   Featured

New funding that is part of the Manufacturing PA Initiative will help students at Pennsylvania State University promote higher glass recycling rates in Pennsylvania. The project, “Enabling Impro...

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Lockheed Martin celebrates grand opening of Johnstown plant

By Melina Druga  |   April 26, 2022   |   Companies

Lockheed Martin, a global security and aerospace company, recently celebrated the grand opening of a facility that expands its Johnstown operations. "We are proud to bring the new F-16 manufacturin...

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Air Products, partner to expand California sustainable aviation fuel facility

By Melina Druga  |   April 26, 2022   |   Companies

Lehigh Valley-based Air Products, a hydrogen energy transition company, recently partnered with World Energy, a producer and distributor of low-carbon fuels, to expand World Energy’s Sustainable Avi...

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State funding award to support manufacturing education in Cambria County

By Liz Carey  |   April 26, 2022   |   Featured

Pennsylvania Gov. Tom Wolf announced Friday that the Greater Johnstown Career & Technology Center (Center) would receive new funding for phase two of its Advanced Manufacturing and Programming Educati...

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