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News

Shapiro’s electricity proposals threaten state’s role in regional transmission, says alliance

By Kim Riley  |   September 5, 2024   |   Featured

Alongside the growing reliance on electricity from Pennsylvania’s PJM Interconnection, Gov. Josh Shapiro’s electricity proposals could further destabilize the PJM grid, which supplies power to 65 ...

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Federal Reserve Bank of Philadelphia seeks next president and CEO

By Melina Druga  |   September 5, 2024   |   News

The Federal Reserve Bank of Philadelphia recently launched a search for its next president and CEO. A committee composed of eligible members of the Philadelphia Fed’s board of directors, and led ...

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State officials, industry stakeholders applaud implementation of Max Manufacturing Initiative

By Kim Riley  |   September 5, 2024   |   News

Pennsylvania Sen. Devlin Robinson (R-37) and several other attendees Sept. 3 celebrated implementation of the enacted Max Manufacturing Initiative Act, which promotes innovation and economic growth by...

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U.S. Steel workers rally behind Nippon Steel transaction

By Liz Carey  |   September 4, 2024   |   Companies

On Wednesday, workers at Pittsburgh-based U.S. Steel hosted a rally at U.S. Steel Tower in support of the proposed transaction with Nippon Steel. Employees with the steel plant said the transaction w...

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eProductivity Software purchases Enterprise Print Management Solutions

By Melina Druga  |   September 4, 2024   |   Companies

Pittsburgh-based eProductivity Software (ePS), an industry-specific business and production software technology provider to the packaging and print industries, recently purchased Massachusetts-based E...

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Eos Energy can utilize $30M of its Cerberus loan after reaching specific milestones

By Kim Riley  |   September 4, 2024   |   Companies

Eos Energy Enterprises Inc., which provides zinc-based energy storage systems, said Aug. 29 that it has achieved all four of its first performance milestones and can draw an additional $30 million on ...

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Arconic Corporation publishes sustainability report

By Melina Druga  |   September 4, 2024   |   Companies

Pittsburgh-based Arconic Corporation, a provider of aluminum sheet, plate, and extrusions and architectural products, recently published its 2023 sustainability report. The report details the comp...

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Westinghouse tech-based nuclear reactors approved for projects in China

By Kim Riley  |   September 3, 2024   |   Companies

Two newly approved projects in China will include AP1000 technology-based nuclear reactors made by Cranberry Township, Pa.-based Westinghouse Electric Co., bringing the total number of operational and...

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PPG selling silicas products business for $310M

By Melina Druga  |   September 3, 2024   |   Companies

Pittsburgh-based PPG recently entered into an definitive agreement to sell its silicas products business to Poland-based QEMETICA S.A., a manufacturer of soda ash, silicates and other specialty chemic...

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Enviri Corporation sells Reed Minerals business for $45M

By Melina Druga  |   September 3, 2024   |   Companies

Philadelphia-based Enviri Corporation, a company offering critical recycle and reuse solutions, recently sold its Reed Minerals business to Speyside Equity, a global private equity firm, for $45 milli...

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Morgan Properties opens headquarters in Conshohocken

By Melina Druga  |   August 30, 2024   |   Companies

Morgan Properties, a national real estate investment and management company, recently opened its new corporate headquarters in Conshohocken. It was formerly headquartered in King of Prussia. "...

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MSA Safety named outstanding corporate innovator

By Melina Druga  |   August 30, 2024   |   Companies

The Product Development and Management Association (PDMA), a nonprofit professional society that organizes and publishes information about new product development, recently honored Cranberry Township-...

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Sen. Yaw to introduce legislation to establish energy development fund

By Dave Kovaleski  |   August 30, 2024   |   Featured

Pennsylvania State Sen. Gene Yaw (R-23) recently announced plans to introduce legislation to establish a Pennsylvania Baseload Energy Development Fund. The proposed fund would provide low-interest...

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Natural gas rises as bipartisan, no-brainer policy issue for state voters

By Kim Riley  |   August 29, 2024   |   Featured

With Election Day mere weeks away, one policy topic is supported on both sides of the aisle in the Keystone State: natural gas, which is considered by lawmakers and voters alike as being critical to a...

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Nippon Steel plans additional $1B investments in U.S. Steel-operated steel mills

By Kim Riley  |   August 29, 2024   |   Companies

Japan's largest steel producing company, Nippon Steel Corp., plans to make additional investments in two steel plants operated by U.S. Steel as part of its pending acquisition of the Pittsburgh-based ...

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PA Democrats host roundtable, tour addressing rural economic challenges

By Kim Riley  |   August 29, 2024   |   Featured

Participants in Tuesday’s Pennsylvania House Majority Policy Committee roundtable and tour examined obstacles for small businesses, particularly those in rural areas across the state. “I’m gr...

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JVS Fund awards $200,000 to four women-owned businesses in Philadelphia region

By Melina Druga  |   August 29, 2024   |   Companies

The JVS Philadelphia Fund for Women (JVS Fund) recently awarded four women-owned businesses $50,000 each. The grants support women-led businesses in the Philadelphia region that provide professiona...

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Texas company purchases Stuffed Puffs’ assets

By Melina Druga  |   August 29, 2024   |   Companies

Texas-based Mount Franklin Foods, a foodservice company, recently acquired Bethlehem-based Stuffed Puffs’ assets for an undisclosed amount. The purchase allows Mount Franklin Foods to expand its ...

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Apprenticeship program to address abandoned, orphaned wells

By Melina Druga  |   August 28, 2024   |   Investment

The Shapiro administration and the United Mine Workers of America (UMWA) have partnered to launch a new registered apprenticeship program to train workers to plug oil and gas wells. The new program...

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Westinghouse files appeal protesting Czech nuclear deal

By Kim Riley  |   August 28, 2024   |   Companies

Cranberry Township, Pa.-based Westinghouse Electric Company and France’s EDF are protesting the Czech Republic’s recent decision to award a multi-billion-dollar nuclear tender to South Korea's KHN...

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