Audubon, Pa.-based Globus Medical, a musculoskeletal solutions company, recently agreed to acquire California-based Nevro Corp., a medical device company, for $250 million. “This transaction furthe...
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U.S. Rep. Mike Kelly (R-PA) on Feb. 6 cosponsored a bipartisan bill to make permanent the New Markets Tax Credit (NMTC) Program, which incentivizes community development and economic growth through th...
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Federal legislation that would prohibit any federal moratorium on the use of hydraulic fracturing cleared the U.S. House of Representatives on Feb. 7 and now heads to the U.S. Senate for action. Th...
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Allentown-based PPL Electric Utilities recently completed the sale of the approximately 450,000-square-foot 2 North Ninth Street Tower Building and office complex in downtown Allentown to Scranton-bas...
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Philadelphia-based software company Piano recently raised $120 million in financing, funds the company said it will use to optimize its platform, expand its market presence, and support strategic grow...
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Wexford-based COEPTIS, a biopharmaceutical and technology company focused on developing innovative cell therapy platforms for cancer, autoimmune, and infectious diseases, recently closed on an additio...
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Pittsburgh-based PNC Financial Services Group, one of the largest diversified financial services institutions in the United States, appointed Douglas Dachille to its board of directors’ risk committ...
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The Pennsylvania Industrial Development Authority (PIDA) recently approved more than $2 million in low-interest loans PIDA provides businesses that commit to creating and retaining full-time jo...
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As part of Pittsburgh-based Astrobotics Griffin Mission One, the company will work with Venturi Astrolab to deliver an Astrolab rover to the moon. Using Astrobotic’s Griffin lander, the companie...
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The Philadelphia Department of Commerce recently launched the $5 million Philadelphia Small Business Catalyst Fund to help high-potential small businesses and entrepreneurs. The fund will foster c...
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Pennsylvania senators approved legislation on Feb. 4 that would repeal the state’s participation in the Regional Greenhouse Gas Initiative (RGGI). The legislation, Senate Bill 186, formally repeals...
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The state Senate recently voted to approve Senate Bill 187, legislation that would create an Independent Energy Office (IEO). The bill now moves to the state House of Representatives for consideration...
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The Pennsylvania Department of Agriculture recently awarded 88 companies from 45 counties $10 million in Agricultural Innovation Grant Program grants. The program reimburses agricultural businesses...
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Pennsylvania Gov. Josh Shapiro on Tuesday presented his proposed $51.47 billion budget for 2025-2026, a 7.5-percent increase over the current fiscal year, and it isn’t faring well with Republican la...
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Republican legislators heard testimony that Pennsylvania’s energy policies are harmful to the state during a hearing on Monday. State Reps. Martin Causer (R-Bradford), chairman of the House Energy ...
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Affiliates of Berkshire Partners, a multi-sector specialist investor in private and public equity, and Warburg Pincus, an aerospace and defense and industrial technology sectors investor, recently ent...
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Pennsylvania remained the top electricity export state while relative carbon emissions from electricity generation continued its long-term decline, according to a Feb. 3 research brief released by the...
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Pittsburgh-based Kennametal, a materials science, tooling and wear-resistant solutions company, recently elected Douglas Dietrich, Minerals Technologies executive chairman and CEO, to its board of dir...
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SIMONA AMERICA Group, a thermoplastic products manufacturer and supplier, plans to invest $23 million to expand its Archbald facility. The facility, SIMONA AMERICA Industries, will be expanded by m...
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Ahead of the governor’s budget address on Tuesday, the Stop New Energy Taxes Coalition urged Gov. Josh Shapiro and the Pennsylvania General Assembly to prioritize policies that support the state’s...
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