Coherent Corp. releases ESG report
Saxonburg-based Coherent Corp., a materials, networking, and lasers company, recently released its 2023 environmental, social, and governance (ESG) report. The report sets a goal of net-zero Scope ...
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Lehigh Valley’s 2022 GDP at $50.2B, reflecting 1 percent growth year-over-year
In 2022, Lehigh Valley’s gross domestic product (GDP) reached a record $50.2 billion, according to data U.S. Bureau of Economic Analysis released earlier this month. This was approximately 1 percen...
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CNX to disclose real-time results of air monitoring results online
As part of a collaboration with Pennsylvania, CNX Resources Corporation announced it has begun posting air monitoring results for two of its well pads. The results will be shown in real-time the c...
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America’s LNG supply will help Europe meet growing energy demands, says new report
Thanks to abundant U.S. natural gas, American producers will be critical suppliers to help Europe meet growing energy demands, according to a new report released on Dec. 14 by the American Petroleum I...
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Aramark appoints new CFO
Philadelphia-based Aramark said CFO Tom Ondrof will be succeeded by Jim Tarangelo following Ondrof’s retirement announcement. Ondrof will retire from his current position on Jan. 12, at which ti...
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Republic First Bancorp provides timeline on $35M investment
Philadelphia-based Republic First Bancorp, the parent company of Republic First Bank d/b/a Republic Bank, recently released an updated timeline on the closing of the Norcross Braca Group’s $35 milli...
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Penn State research expenditures reached $1.2 billion for fiscal year 2022-2023
For fiscal year 2022-23, Penn State’s total research expenditures reached $1.239 billion -- a record high and a 14 percent increase from the previous year. “This achievement is a testament to t...
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Pennsylvania gas production slid downward in 2022
A just-released report from the Pennsylvania Department of Environmental Protection (DEP) shows that gas drillers in the state saw a decrease in 2022 production for the first time since fracking got u...
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Pennsylvania’s credit rating upgraded from AA- to AA due to commonwealth’s “solid” economy, fiscal management
On Tuesday, Pennsylvania Gov. Josh Shapiro announced Fitch Ratings had upgraded the state’s credit rating from “AA-“ to “AA.” The upgrades were a result of “recent use of revenue surplu...
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Westinghouse credit rating upgraded
Moody’s Investors Service and Fitch Ratings recently upgraded Westinghouse Electric Co.’s credit ratings, and S&P Global revised the company’s positive outlook. “We are pleased that the rat...
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U. S. Steel releases climate report
Pittsburgh-based United States Steel Corp. (U. S. Steel) recently released its 2023 Task Force on Climate-Related Financial Disclosures (TCFD) report The 2023 TCFD report outlines which climate-rel...
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L&I: Pennsylvania unemployment rate remained at 3.4 percent in October
Pennsylvania's unemployment rate remained at 3.4 percent in October, according to Pennsylvania Department of Labor & Industry’s (L&I) preliminary employment situation report released on Friday. ...
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Report: U. S. Steel added $3.6B to local, state economy in 2022
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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Christine M. Martin
PPL Corp. names Pennsylvania native Christine Martin PPL Electric Utilities president
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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PPL Electric recognized for reliability innovations
Allentown-based PPL Electric Utilities announced Monday that several of its employees have been recognized for innovations that have improved safety, reliability and affordability. The employees, ...
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Philadelphia mayor releases progress report on city’s financial health
Philadelphia Mayor Jim Kenney recently released the first in a series of progress reports focused on shaping the city’s future. The first progress report examined Philadelphia’s financial heal...
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Senate hearing discusses importance of skill games revenue
The Senate Community, Economic and Recreational Development Committee held a hearing on Wednesday to discuss the importance of revenue from skill games. Sen. Gene Yaw (R-Bradford), a member of the ...
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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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Strategic Investment Fund Partners completes first close of private offering
Pittsburgh-based Strategic Investment Fund Partners (SIF) completed a first close at $34.1 million in a private offering from its existing investors and launched a new strategic focus for the fund. ...
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New report shows oil, natgas industry progress to reduce methane emissions
The Environmental Partnership (EP) issued a report last week on the U.S oil and natural gas industry’s actions to reduce methane emissions, improve detection methods, and share best practices across...
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