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News

Day & Zimmermann Awarded 5-Year, $311M Army Contract

By Liz Carey  |   August 5, 2021   |   Companies

Philadelphia-based Day & Zimmermann announced Tuesday that its Munitions and Government unit has been awarded a five-year, $311 Million U.S. Army Grenade and Consolidate Fuze Contract. The century...

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FDIC approves Investors Bank’s acquisition of eight Berkshire Bank branches

By Liz Carey  |   August 4, 2021   |   Companies

The Federal Deposit Insurance Corporation approved Investors Bank’s acquisition of eight New Jersey and eastern Pennsylvania branches of Berkshire Bank on Monday. Investors announced in December...

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Companies partner to purchase Malvern manufacturer

By Melina Druga  |   August 4, 2021   |   Companies

New York-based Cerberus Capital Management, an alternative investment firm, and its partner, Kansas-based Koch Minerals & Trading, specializing in the exchange and logistics of global commodity produc...

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State GOP urges Wolf to use $372M in pandemic funds for struggling businesses

By Melina Druga  |   August 4, 2021   |   Featured

In a memo sent to Gov. Tom Wolf, the state’s Republicans urge the use of the $372 million pandemic response discretionary account to assist restaurants and small businesses still struggling from the...

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Seneca Resource Company, U.S. Well Services partner for all-electric well completion field trial

By Liz Carey  |   August 3, 2021   |   Companies

Seneca Resources Company, one of Pennsylvania’s largest natural gas producers, announced Thursday that it has partnered with U.S. Well Services on an upcoming field trial using all-electric fracturi...

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Rep. Benninghoff: Transportation funding report “ill-timed, short-sighted”

By Melina Druga  |   August 3, 2021   |   Featured

The Transportation Revenue Options Commission recently submitted a report to Gov. Tom Wolf and the General Assembly on transportation funding. The report contains an overview and outlines potential...

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Legislation would allow individuals in distressed zones to receive student loan forgiveness

By Melina Druga  |   August 3, 2021   |   News

Legislation soon to be introduced in the state House of Representatives would allow individuals living in a distressed zone to receive either student loan forgiveness or zero percent interest rate on ...

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Northeastern Pennsylvania Industrial Resource Center launches job board

By Melina Druga  |   August 2, 2021   |   Companies

The Northeastern Pennsylvania Industrial Resource Center (NEPIRC), a nonprofit organization providing professional services to manufacturers, recently launched a job board to connect job seekers to ma...

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Lackawanna remediation project awarded nearly $500,000 grant

By Melina Druga  |   August 2, 2021   |   Investment

The Pennsylvania Department of Community and Economic Development (DCED) recently awarded $487,500 to the Lackawanna Valley Heritage Authority through the Industrial Sites Reuse Program (ISRP) for env...

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Reps. Thompson, Carbajal introduce POWER Act

By Liz Carey  |   August 2, 2021   |   Federal

U.S. Reps. Glenn “GT” Thompson (R-PA) and Salud Carbajal (D-CA) introduced legislation last week to reclaim and restore orphaned wells. Under the Energy Policy Act, the Plugging Orphan Wells a...

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Bipartisan legislators introduce bill to strengthen American steel industry

By Liz Carey  |   July 30, 2021   |   Featured

U.S. Reps. Mike Doyle (D-PA), Bill Huizenga (R-MI), Conor Lamb (D-PA), and Mike Kelly (R-PA) introduced legislation Wednesday aimed at strengthening the domestic steel industry and improving the envir...

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Hearing examines workforce shortages

By Melina Druga  |   July 30, 2021   |   Companies

A recently Senate Community, Economic & Recreational Development Committee hearing focused on workforce shortages. According to a U.S. Chamber of Commerce survey released in May, 49 percent of Amer...

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House hearing discusses growth of post-COVID economy

By Melina Druga  |   July 30, 2021   |   News

A recent House hearing, co-hosted by state Reps. Rob Mercuri (R-Allegheny) and Lori Mizgorski (R-Allegheny), discussed how to recharge the state economy following the COVID-19 pandemic. The hearing...

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House committee votes to reject Gov. Wolf’s RGGI proposal

By Debra Flax  |   July 29, 2021   |   News

The Pennsylvania House Environmental Resources and Energy Committee, led by Majority Chairman Daryl Metcalfe (R-Butler) voted Wednesday to reject Gov. Tom Wolf’s proposal to enter the state into the...

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Credit: Mack Trucks

Biden promotes Made in America policy at Pennsylvania Mack Trucks facility

By Kim Riley  |   July 29, 2021   |   Companies

President Joe Biden on Wednesday announced a comprehensive plan to increase United States content in the products the federal government buys and support the domestic production of products critical t...

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Commerce Department announces $300M in ARP funds for coal, energy communities

By Liz Carey  |   July 29, 2021   |   Featured

The U.S. Department of Commerce’s Economic Development Administration (EDA) announced an allocation of $300 million in American Rescue Plan (ARP) funds for economic revitalization in hard-hit coal a...

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Water treatment company to open innovation hub in Pittsburgh

By Melina Druga  |   July 29, 2021   |   Companies

Evoqua Water Technologies, a leading provider of mission-critical water and wastewater treatment solutions, plans to open a sustainability and innovation hub to advance the development of cutting-edge...

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Shell purchases Philadelphia renewable energy retailer

By Melina Druga  |   July 29, 2021   |   Companies

Shell New Energies US, a subsidiary of Royal Dutch Shell plc, recently signed an agreement to purchase Inspire Energy Capital, a renewable energy residential retailer with joint headquarters in Philad...

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PPG increases capacity at Ohio plant

By Melina Druga  |   July 28, 2021   |   Companies

PPG’s plant in Delaware, Ohio, will increase production capacity for its overvarnish coatings for beverage can exteriors, including PPG ISENSE Gloss coatings. The plant produces resins and coatin...

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Air Products, Cummins partnership will introduce hydrogen trucks to roadways worldwide

By Melina Druga  |   July 28, 2021   |   Companies

Allentown-based Air Products, an industrial gases company that supplies and transports hydrogen, recently partnered with Cummins Inc., a global power and hydrogen technologies company based in Indiana...

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