Penske opens Illinois facility
Reading-based Penske Truck Leasing, a full-service truck leasing company, recently opened a 22,752-square-foot facility in Channahon, Ill. The facility is located on 13.4 acres near Interstate 55 a...
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Philadelphia-based bank deal receives $35M investment, calls for reconstitution of board
Republic First Bancorp, based in Philadelphia, reached an agreement with the Norcross Braca Group for a multi-million-dollar investment in the bank and changes to the board. Under the terms of the...
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Piatt Companies names new CFO and executive vice president of investments
Piatt Companies, a real estate developer and management company, recently announced the company’s next chief financial officer and executive vice president of investments. “This marks a new cha...
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Wawa announces plans to invest $7M to support Ohio expansion
Wawa-based Wawa, a family-owned chain of convenience stores, plans to invest approximately $7 million to expand into Ohio. Over the next decade, the company plans to open approximately 60 stores. T...
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Gov. Shapiro unveils process to create economic development strategy
Pennsylvania Gov. Josh Shapiro kicked off the process of developing a comprehensive economic development strategy for the state, the first in two decades, his office said on Tuesday. During a visi...
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PPG CEO Tim Knavish
PPG president and CEO elected board of directors chairman
Tim Knavish, PPG president and CEO, recently was elected the company’s board of directors’ chairman. The position is effective Oct. 1. Michael McGarry, the outgoing chairman and CEO, is retirin...
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Kentucky company purchases Dutchland
Kentucky-based private equity firm MiddleGround Capital recently purchased Gap, Pa.-based Dutchland LLC, a company that engineers, manufactures, and constructs circular, rectangular and elliptical pre...
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New report examines positive economic impact of natural gas industry for Pa.
A new economic analysis examines the impact of the natural gas industry on Pennsylvaniaʻs economy, including its billions in contributions to the state’s gross domestic product. The report, comm...
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MSA Safety opens business services center in Warsaw, Poland
Cranberry Township, Penn.-based MSA Safety Inc. announced the grand opening of its new EMEA Global Business Services Center in Warsaw, Poland this year. The company’s business hub is located in ...
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US Pipelining completes refinery rehab project
Philadelphia-based US Pipelining, a company specializing in trenchless pipe rehabilitation technologies, recently completed a refinery rehabilitation project at Motiva’s refinery in Texas. Work i...
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William F. Oplinger
Alcoa names William Oplinger as next president, CEO
Alcoa Corp. recently named William F. Oplinger as its next president and CEO. He also will serve as a member of the board of directors. Oplinger previously served as executive vice president a...
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Glenn Marshall
First Resource Bank CEO and co-founder retiring
First Resource Bank co-founder and CEO Glenn Marshall will retire April 1 after more than 40 years in the banking industry. Lauren Ranalli, the current president and chief financial officer, will beco...
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Grupo Bimbo to invest in startups in the cookie and energy bar sector
Grupo Bimbo, the parent company of Horsham, Pa.-based Bimbo Bakeries USA, is currently accepting registrations for the second edition of “Bimbo Open Door,” its platform to invest in startups in th...
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S&P upgrades Pennsylvania’s outlook to positive
S&P Global Ratings recently upgraded Pennsylvania’s outlook to positive from stable and affirmed its A+ long-term rating on general obligation bonds. S&P cited the state’s budget management fra...
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National Experimental Turbine initiative demonstrates advanced turbine
The National Experimental Turbine (NExT) initiative recently demonstrated the one-stage NExT test turbine. The turbine features cooled vanes and blades. The blades have been used to evaluate advanc...
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Cecilian Partners secures $11M in Series A Funding
New Hope, Pa.-based Cecilian Partners, a proptech firm providing digital solutions for home builders and land developers, announced Wednesday, it had raised $11 million in its first institutional equi...
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Westinghouse to design, build Poland’s first nuclear plant
Cranberry Township-based Westinghouse Electric Co., a nuclear power company, and Bechtel, a Virginia-based engineering, construction and project management company, recently signed an agreement to des...
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Executive order establishes standards for artificial intelligence use among state agencies
Gov. Josh Shapiro recently signed an executive order establishing responsible standards and a governance framework for state agencies using generative artificial intelligence (AI). “We can’t ig...
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Rendering of Bristol PHL Cool Port
Bristol Group to build cargo facility Philadelphia International Airport
Bristol Group, a privately-owned real estate investment and development firm, plans to build a approximately 261,000-square-foot climate-controlled cargo facility at Philadelphia International Airport...
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U.S. Steel, NETL collaborate on greenhouse gas capture project
Pittsburgh-based US Steel Corporation and the National Energy Technology Laboratory (NETL) announced they would be collaborating on a plan to test an advanced carbon capture technology. The project...
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