Farnam Jahanian, Carnegie Mellon University president, recently witnessed President Joe Biden sign the CHIPS and Science Act of 2022 into law. The $280 billion package funds scientific research and...
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The state recently lowered its Corporate Net Income Tax (CNIT) rate. Pennsylvania’s rate of 9.99 percent was second highest among the 44 states that levy a CNIT. The state will eventual lower t...
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Alcoa Corp. recently purchased group annuity contracts that will facilitate the transfer of approximately $1 billion in pension obligations and assets for certain retirees and beneficiaries. The mo...
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PennEnergy Resources, an investments portfolio company in the Appalachian Basin, and Oklahoma-based Williams, a clean energy transport, storage and delivery solutions company, recently agreed to suppo...
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A group of investors from Pittsburgh-based Victorian Finance have partnered with Tennessee-based Farmers Bank to offer management experience, expertise, and growth potential. "Sonny" Bringol, Jr., ...
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L.B. Foster Co., a Pittsburgh-based company, recently sold its Canadian rail spikes and anchors track components business to Ontario-based Gerdau Ameristeel Corp. for $7.8 million. “The sale of t...
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Pennsylvania American Water plans to invest more than $40 million to upgrade seven dams in Lackawanna and Luzerne counties. Six dams are in Lackawanna County, and one is in Luzerne County. The pr...
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Arcadia Cold, a company providing third-party handling, storage, distribution, and value-added services for the food industry, recently broke ground on its Hazleton Cold Storage Facility off I-81. ...
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Pittsburgh-based PPG recently launched an enhanced internal spray coating for aluminum beverage cans that does not contain bisphenol-A (BPA) or bisphenol starting substances and which increases produ...
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Philadelphia Works, Inc. will receive $22.8 million in federal grants to develop a workforce development program, U.S. Secretary of Commerce’s Gina Raimondo said Wednesday. The funding, part of ...
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If enacted, the Inflation Reduction Act of 2022 currently being considered by Congress would throttle American manufacturing and macerate an industry vital for Pennsylvania’s economic growth, expert...
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The Pennsylvania Industrial Development Authority (PIDA) recently approved eight low-interest loans for businesses in six counties. Btec Solutions, through the Bucks County Economic Development C...
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Malvern, Pa.-based Vishay Intertechnology Inc. recently received a grant for its facility in Italy to work on a project for developing processes that can control the energy transferred to chips during...
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Black Buffalo 3D Corp., the Pennsylvania-based subsidiary of Big Sun Holdings Group, recently entered into a partnership with Presidio, a company focused on innovation in the real estate and construct...
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Pennsylvania Rep. Frank Burns (D-Cambria County) announced he would introduce a three-bill legislative package to rebuild Pennsylvania’s economy with American-made products. In a memorandum to s...
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Malvern-based Savana, a software company for banks and fintech, recently completed Series A funding, raising $45 million, which will go toward Savana’s Digital Delivery Platform and go-to-market act...
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The Pennsylvania Department of Education recently awarded the Pennsylvania College of Technology a $314,440 PAsmart Advancing Computer Science and STEM Education Grant. “Penn College is very exci...
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Reading-based Omega Systems, a managed service provider for highly regulated businesses, recently launched Smart Comply, a managed IT compliance service to help companies with cybersecurity risk manag...
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Canonsburg-based Ansys announced Monday it will be part of a NASA-backed research project looking into alternative, sustainable aircraft fuel. Ansys’s simulation solutions will serve as a way to...
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French company Saint-Gobain, a manufacturer and distributor of construction and industrial materials and services, recently completed the purchase of Kaycan, a manufacturer and distributor of exterior...
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