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News

Philly Shipyard to be sold to Hanwha Systems, Hanwha Ocean

By Dave Kovaleski  |   June 24, 2024   |   Companies

Philly Shipyard ASA entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean to sell the business. The transaction will result in the company selling all of its business a...

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Bradford County receives $12M in impact fee revenue

By Melina Druga  |   June 24, 2024   |   Featured

In 2023, Bradford County received more than $4.3 million in impact fee revenue derived from Pennsylvania natural gas producers while municipalities in the county received more than $7.6 million. â€...

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JG Wentworth purchases debt management and payments platform

By Melina Druga  |   June 21, 2024   |   Companies

Chesterbrook-based JG Wentworth, a consumer financial services company, recently purchased Ottopay, a digital debt management and payments platform. The purchase will allow JG Wentworth to offer cl...

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Mawson Infrastructure Group expands Midland facility

By Melina Druga  |   June 21, 2024   |   Companies

Midland-based Mawson Infrastructure Group, a digital infrastructure platform company, recently announced it has expanded its digital co-location business. The company signed a new 20 megawatt (MW) ...

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Versatex doubling manufacturing footprint

By Melina Druga  |   June 20, 2024   |   Companies

Aliquippa-based Versatex Building Products, a manufacturer of high-quality cellular PVC trim, is doubling its manufacturing footprint by building a $40 million, 96,500-square-foot facility in the Aliq...

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Pennsylvania natural gas production tax generates $180M in revenue

By Dave Kovaleski  |   June 20, 2024   |   Featured

The Pennsylvania Public Utility Commission (PUC) reported that the state’s tax on natural gas production generated $179.6 million in 2023. Over the past 13 years, it has generated more than $2.7 ...

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Hershey updates greenhouse gas emissions reduction targets

By Melina Druga  |   June 20, 2024   |   Companies

The Science Based Targets initiative recently revalidated The Hershey Co.’s 2030 science-based greenhouse gas (GHG) emissions reduction targets. By 2030, the company aims to reduce scope 1 and 2 ...

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Proposed tax regulation raises concerns about potential for combined reporting

By Kim Riley  |   June 19, 2024   |   Featured

A June 24 comments deadline is looming for a proposed tax regulation from the Pennsylvania Department of Revenue (DOR) that has reignited questions around combined reporting.  Pennsylvania is a se...

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Report finds Pa. coal sector produces roughly $3.8B in economic output for state

By Debra Flax  |   June 19, 2024   |   Featured

The Allegheny Conference on Community Development (ACCD) recently conducted a report on the economic impact of the coal mining industry in Pennsylvania, noting that the sector remains a dominant force...

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F.N.B. Corp. names leadership for Banking Operations division

By Melina Druga  |   June 19, 2024   |   Companies

Pittsburgh-based F.N.B. Corp., the parent company of First National Bank, recently named the leadership of its merged Bank Operations division. Justin Kurth has been promoted to executive vice pres...

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Policy roadmap outlines five key actions to secure American energy leadership

By Dave Kovaleski  |   June 19, 2024   |   News

A new policy roadmap designed to secure America’s energy leadership was rolled out by the American Petroleum Institute (API) this week. The roadmap includes five actions policymakers can take to...

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MSA Safety to launch flame detector at industry expo

By Melina Druga  |   June 19, 2024   |   Companies

Cranberry Township-based MSA Safety, an advanced safety products, technologies and solutions company, will debut its latest flame detector at the National Fire Protection Association Conference & Expo...

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Equitrans Midstream’s Mountain Valley Pipeline begins operations

By Dave Kovaleski  |   June 18, 2024   |   Companies

The Mountain Valley Pipeline (MVP), owned and operated by Pittsburgh-based Equitrans Midstream Corp., went into operations this week, after receiving all of the necessary regulatory approvals. The...

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Federal guidance would clarify clean energy bonus tax credit

By Melina Druga  |   June 18, 2024   |   Federal

U.S. Sen. Bob Casey (D-PA) recently sent a letter to Janet Yellen, U.S. Department of the Treasury secretary, and Jennifer Granholm, U.S. Department of Energy secretary, urging the departments to clar...

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Committee advances legislation creating Ireland Trade Commission

By Melina Druga  |   June 18, 2024   |   News

The state Senate Community, Economic and Recreational Development Committee recently advanced bipartisan legislation that would establish an Ireland Trade Commission. Senate Bill 1121 would create ...

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Mitch Pinkston

DATAMARK Technologies names new CEO

By Melina Druga  |   June 17, 2024   |   Companies

Pittsburgh-based DATAMARK Technologies, a public safety location services solutions provider, recently named Mitch Pinkston as CEO. In this role, he will grow the team's client base, spearhead the...

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Dorman Products opens Virginia facility

By Melina Druga  |   June 17, 2024   |   Companies

Colmar-based Dorman Products, an auto parts company, recently opened a 100,000-square-feet manufacturing facility in Virginia Beach, Va. The facility, which will produce drive shafts, replaces anot...

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Republican Policy Committee holds hearings on tax cuts

By Liz Carey  |   June 17, 2024   |   Featured

The Pennsylvania House Republican Policy Committee, led by Chairman Josh Kail (R-Washington), held on June 11 the first in a series of hearings to discuss the House Republican tax cut bill, House Bill...

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DLC upgrades transmission line to modernize network

By Liz Carey  |   June 14, 2024   |   Companies

Duquesne Light Company, headquartered in Pittsburgh, announced recently that is has completed Phase 3A of its multi-phase Brunot Island-Crescent Transmission Reliability project. The project, part...

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Legislation would share data on workforce development programs

By Melina Druga  |   June 14, 2024   |   News

The state Senate recently passed legislation that would improve workforce development programs. Senate Bill 761 would amend the Workforce Development Act of 2001 to require the Department of Labor ...

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