Janney Montgomery Scott, a Philadelphia-based asset management firm, is acquiring investment bank TM Capital. TM Capital is a premier middle market investment bank specializing in mergers and acqui...
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A&G Real Estate Partners, the real estate adviser to Rite Aid Corp., plans to sell a tranche of 92 neighborhood pharmacy leases, including 17 in Pennsylvania, as part of Rite Aid's financial restructu...
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Allegheny College recently expanded the Allegheny Lab for Innovation and Creativity (ALIC) to add work force development and education resources. The expansion is in partnership with the regional ...
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Philadelphia-based Republic First Bancorp and the Norcross Braca Group recently signed a securities purchase agreement to effectuate the group’s $35 million investment. Under the agreement, the ...
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Pittsburgh-based United States Steel Corp. (U. S. Steel) recently converted two of the company’s diesel switcher locomotives to battery-operated locomotives at the Mon Valley Works’ Edgar Thomson ...
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Pittsburgh-based steel producer United States Steel Corp. (U. S. Steel) contributed $3.6 billion to the local and state economy and supported or sustained 11,417 jobs during fiscal year 2022, accordin...
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Citizens Financial Group, Inc. provided a $200,000 to the Pittsburgh Film Office to foster the growth and expansion of the film industry in Southwestern Pennsylvania. The grant, allocated directly...
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Radnor-based Triumph Group, a company serving the global aviation industry, and Honeywell Aerospace, a technology and manufacturing company, recently signed a long-term agreement across multiple Honey...
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The board of directors of Kennametal, a materials science, tooling and wear-resistant solutions company, recently voted to unanimously appoint William M. Lambert as chairman of the board, effective on...
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Philadelphia-based 1315 Capital, a private investment firm, recently closed on two funds. The first fund closes 1315 Capital III (Fund III) and exceeded the firm’s target of $350 million. The ...
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The Appalachian Regional Commission (ARC) recently awarded Pittsburgh-based Green Building Alliance $500,000 in Appalachian Regional Initiative for Stronger Economies (ARISE) program funding. The a...
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Four US-based industrial manufacturing companies in partnership with Lorraine Capital have combined to form Caldera Manufacturing Group, a metal manufacturing company, that will be headquartered in Re...
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In 2022, King of Prussia-based Clean Earth, a specialty waste company, increased the recycling of hazardous and nonhazardous waste by 53 percent, according to the company’s recently released 2022 En...
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Cranberry Township-based Westinghouse Electric Co. recently launched a new design and manufacturing facility near downtown Pittsburgh. The 87,000-square-foot, at least $18 million facility will be ...
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Allentown-based PPL Corporation announced Monday Pennsylvania native Christine Martin will take on the role of PPL Electric Utilities president. Since Sept. 1 , Martin, a 20-year veteran of PPL, h...
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The U.S. Department of Commerce’s Economic Development Administration (EDA) recently announced that the Greater Philadelphia Region Precision Medicine Tech Hub has been designated as a Tech Hub. ...
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The state’s Generative AI Governance Board and Penn State's Center for Applications of Artificial Intelligence and Machine Learning to Industry (AIMI) recently partnered to oversee the responsible, ...
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On Oct. 19, Allentown-based PPL Electric Utilities (PPL) announced it would be receiving nearly $50 million from the U.S. Department of Energy (DOE) for a grid modernization project. PPL said it w...
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Philadelphia-based PECO will receive up to $100 million in grant funding from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program to support investment into it...
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Pennsylvania Gov. Josh Shapiro joined local leaders in Philadelphia Tuesday to discuss the economic benefits and job creation aspect of the $750 million in federal investments for the Mid-Atlantic Cle...
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