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Home » Investment » Page 99

Investment

New grant program to provide hospitality industry relief

By Melina Druga  |   March 4, 2021   |   Companies

A new grant program, the COVID-19 Hospitality Industry Recovery Program (CHIRP), will assist local businesses in the hospitality industry that were affected by the COVID-19 pandemic. In December, G...

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Pittsburgh biotech firm LyGenesis to merge with AgeX

By Dave Kovaleski  |   March 4, 2021   |   Companies

Pittsburgh-based LyGenesis, a biotechnology company developing cell therapies that enable organ regeneration, is merging with AgeX Therapeutics, which develops therapeutics for human aging and cell re...

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Pennsylvania receives $27.4M mine reclamation grant

By Melina Druga  |   March 3, 2021   |   Federal

The U.S. Department of the Interior recently awarded Pennsylvania a $27.4 million grant through the Surface Mining Control and Reclamation Act’s (SMCRA) Abandoned Mine Land (AML) grant program. T...

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Investment company closes on new AmerisourceBergen headquarters

By Melina Druga  |   March 3, 2021   |   Companies

PRP, a real estate investment management company, recently closed on its preferred equity investment in the new headquarters for AmerisourceBergen in Conshohocken. AmerisourceBergen, a developer of...

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Hershey sets new sustainability goals to reduce global emissions

By Dave Kovaleski  |   March 3, 2021   |   Companies

The Hershey Company has set new goals to reduce its global emissions as part of its Environment, Social and Governance (ESG) agenda. Specifically, Hershey plans to reduce its absolute Scope 1 and S...

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University of Pittsburgh gets $25M gift for life sciences research from Henry L. Hillman Foundation

By Dave Kovaleski  |   March 2, 2021   |   Investment

The University of Pittsburgh received a $25 million grant from the Henry L. Hillman Foundation to enhance its research in the life sciences. "This gift is an investment in the University of Pittsbu...

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Legislation would require General Assembly to consider RGGI

By Melina Druga  |   March 2, 2021   |   Investment

State Rep. Jim Struzzi (R-Indiana), a member of the House Appropriations Committee, re-introduced legislation in the state House of Representatives that would require the General Assembly’s particip...

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Bill aims to align state government spending with economic concerns

By Melina Druga  |   March 2, 2021   |   Featured

Legislation recently introduced in the state Senate would ensure the state budget aligns with the economy and what taxpayers can afford. The Taxpayer Protection Act, Senate Bill 286, creates a cons...

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Packing company to open Bethel facility

By Melina Druga  |   March 1, 2021   |   Companies

Pregis, a protective packaging manufacturer, plans to open a 300,000-square-foot facility in Bethel in early May. The plant is part of the company’s strategy to add capacity to its e-commerce pr...

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Volvo Construction Equipment to build world-class training center in Shippensburg

By Dave Kovaleski  |   March 1, 2021   |   Companies

Volvo Construction Equipment is building a $4.3 million technical training center at its Shippensburg headquarters. The facility will provide the company with the space to deliver in-person and vir...

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Rep. Joyce joins discussion on nation’s supply chains

By Melina Druga  |   February 26, 2021   |   Federal

U.S. Rep. John Joyce (R-PA) recently joined Congressional leaders, President Joe Biden, and Vice President Kamala Harris in a discussion on America’s supply chains. “Today, I went to the White ...

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PPG purchases Kansas City manufacturer

By Melina Druga  |   February 25, 2021   |   Companies

PPG Industries recently completed the acquisition of VersaFlex, a Kansas City specialty coatings company, from DalFort Capital Partners for an undisclosed amount. The purchase is part of PPG’s co...

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Mid Penn Bancorp distributes more than $290M in small business loans

By Melina Druga  |   February 24, 2021   |   Companies

Millersburg-based Mid Penn Bancorp has approved and disbursed more than $290 million in loans for small businesses since the 2021 Paycheck Protection Program (PPP) portal opened for community banks on...

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Triumph Group signs agreement to distribute spare parts

By Melina Druga  |   February 24, 2021   |   Companies

Berwyn-based Triumph Group, a company that designs, engineers, manufactures, repairs, and overhauls aerospace and defense systems, recently announced its Triumph Systems and Support business signed an...

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Rep. Keller visits manufacturing facilities to support efforts bolstering workforce development

By Melina Druga  |   February 23, 2021   |   Companies

U.S. Rep. Fred Keller (R-PA) recently visited several manufacturing companies in his district to get input on ways to support the workforce and learn how companies are adapting to the pandemic. “...

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Partnership aims to improve design process for additive manufacturing parts

By Melina Druga  |   February 23, 2021   |   Companies

Ansys, a Pittsburgh-based engineering simulation company, recently partnered with Siemens Energy to improve the design process for creating additive manufacturing (AM) parts. "Siemens Energy's exte...

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Biopharmaceutical companies spend nearly $8B in Pennsylvania

By Melina Druga  |   February 22, 2021   |   Companies

According to We Work for Health Pennsylvania, the state’s 16 biopharmaceutical companies spent $7.9 billion in the state in 2018 and employed 253,876 Pennsylvanians, while supporting 7,294 vendors a...

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Koppers sells West Virginia facility

By Melina Druga  |   February 22, 2021   |   Companies

Pittsburgh-based Koppers, a treated wood products, wood treatment chemicals, and carbon compounds provider, recently completed the sale of its Follansbee, W.Va., facility to Petro Empire Liquids and S...

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Victaulic purchases Lawrenceville facility

By Melina Druga  |   February 19, 2021   |   Companies

Victaulic, a mechanical pipe joining, fire protection, and flow control solutions manufacturer, recently purchased a 220,000-square-foot manufacturing plant in Lawrenceville from Waupaca. “The a...

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Century Therapeutics expanding in Philadelphia

By Melina Druga  |   February 19, 2021   |   Companies

Century Therapeutics, a cell therapy company developing cell therapies for cancer, recently announced it plans to expand its operations and laboratory space in Philadelphia. The expansion will he...

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