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Home » News » Page 153

News

Canadian company to purchase Philadelphia investment firm

By Melina Druga  |   June 30, 2021   |   Companies

CI Financial Corp., a Canadian asset management and wealth management advisory company, recently entered into an agreement to purchase Radnor Financial Advisors, an independent, fee-only wealth manage...

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U.S. Supreme Court decision favors PennEast pipeline in NJ case

By Phil Yacuboski  |   June 29, 2021   |   Companies

A natural gas pipeline can be built from Pennsylvania to New Jersey, allowing the federal government to invoke eminent domain to take state property, thanks to a 5-4 ruling by the U.S. Supreme Court o...

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Hershey completes purchase of Lily’s confectionary brand

By Melina Druga  |   June 29, 2021   |   Companies

The Hershey Co. recently completed its purchase of Lily’s, a manufacturer of low-sugar, better (BFY) confectionery products, for $425 million. Last month, the companies entered into a definitive ...

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Rep. Keller criticizes House advancement of bill reversing Trump administration EPA methane rule

By Melina Druga  |   June 29, 2021   |   Featured

U.S. Rep. Fred Keller (R-PA) expressed his opposition to the recent advancement of the Methane Congressional Review Act (S.J. Resolution 14) by the U.S. House of Representatives. The joint resoluti...

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Hoots Wings to open 16 Philadelphia locations as part of East Coast development

By Melina Druga  |   June 29, 2021   |   Companies

Hoots Wings, a restaurant known for its diverse wing menu, recently signed a 16-unit deal for locations in the greater Philadelphia area. This deal is part of a larger company plan to add 50 locat...

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Pa. governor to enact $40 billion state budget; state overtime rule repealed

By Liz Carey  |   June 28, 2021   |   Featured

Pennsylvania Gov. Tom Wolf plans to sign into law this week a nearly $40 billion state budget for the 2021-2022 fiscal year after the Republican-controlled Legislature passed a spending plan that does...

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Rite Aid publishes sustainability report, including company’s new ESG strategy

By Melina Druga  |   June 28, 2021   |   Companies

Rite Aid, headquartered in Camp Hill, Pa., recently published a corporate sustainability report highlighting its Environmental, Social and Governance (ESG) strategy. The report includes the company...

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Banking system bill heads to Gov. Wolf

By Melina Druga  |   June 28, 2021   |   Investment

House Bill 859, supporting the state’s banking system, recently advanced the state Senate and heads to Gov. Tom Wolf for his signature. The bill amends the Department of Banking and Securities Co...

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Southwestern Energy signs emissions monitoring agreement

By Liz Carey  |   June 28, 2021   |   Companies

Southwestern Energy, a leading U.S. producer of natural gas and natural gas liquids with a large presence in Pennsylvania and Appalachia, announced Wednesday that it has signed an agreement to monitor...

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Ammeraal Beltech to expand US Modular manufacturing operations in Reading

By Liz Carey  |   June 25, 2021   |   Companies

Ammeraal Beltech announced Wednesday plans to expand U.S. Modular manufacturing operations for its uni brand in Reading. The announcement follows the announcement last month of the company’s pla...

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Legislation would close sales tax loophole

By Melina Druga  |   June 25, 2021   |   Companies

Legislation recently introduced in the state House of Representatives would close a loophole in the sales tax law. Under current law, major online retailers calculate taxes based on the location of...

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Committee advances legislation streamlining government

By Melina Druga  |   June 25, 2021   |   News

The state Senate Environmental Resources and Energy Committee recently advanced legislation to streamline government decisions and processes. Senate Bill 717 amends the Environmental Hearing Board ...

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State calls on businesses to help stop the spread of spotted lanternfly

By Liz Carey  |   June 24, 2021   |   Featured

As part of a statewide effort to control the invasive spotted lanternfly, state officials are asking Pennsylvania businesses to step up and help out. During a press conference held Tuesday at Ches...

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Sen. Boscola supports Senate passage of 5G wireless infrastructure bill

By Melina Druga  |   June 24, 2021   |   Investment

The state Senate recently advanced a bipartisan bill regulating 5G wireless infrastructure deployment, a move applauded by state Sen. Lisa Boscola (D-Lehigh/Northampton counties). “This new infra...

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Planned facility will increase Pittsburgh airport’s ability to handle cargo

By Melina Druga  |   June 24, 2021   |   Companies

The Cargo 4 facility planned at Pittsburgh International Airport will allow the airport to increase its cargo handling capabilities by accepting freight from abroad and distributing it throughout the ...

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Workforce development boards receive $8.2M in L&I grants

By Melina Druga  |   June 23, 2021   |   Companies

The Department of Labor & Industry (L&I) recently awarded four local workforce development boards statewide $8.2 million in Near Completer Demonstration Project (NCDP) grants. The grants assist job...

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Senate advances bill addressing blighted properties

By Melina Druga  |   June 23, 2021   |   Investment

The Senate recently advanced legislation that would fund the demolition of blighted and abandoned properties. Senate Bill 439 amends the Recorder of Deeds Fee Law of 1982 to further provide for cou...

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PHFA accepting bids for purchase of mixed-use development tax credits

By Liz Carey  |   June 23, 2021   |   Featured

The Pennsylvania Housing Finance Agency (PHFA) announced Monday that it would be accepting bids for the purchase of $3 million in mixed-use development tax credits. The funds collected from succes...

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First National Bank announces resources to address homeownership in vulnerable communities

By Liz Carey  |   June 22, 2021   |   Companies

Pittsburgh-based First National Bank announced Thursday that it would be adding to its product offering a series of solutions specifically designed to help vulnerable communities financially. The ...

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Pittsburgh technology solutions firm purchased by Clearlake Capital Group

By Melina Druga  |   June 22, 2021   |   Companies

Investment firm Clearlake Capital Group recently signed a definitive agreement with private equity firm TA Associates to acquire Pittsburgh-based Confluence Technologies, a software and data solutions...

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