Fulton Financial has named an interim CFO following the resignation last week of Mark McCollom, who had been the bank’s finance chief since 2018.A regulatory filing and press release issued
The Hershey Co. plans to shed jobs this year as it battles higher cocoa prices and sluggish sales.The cuts will amount to less than 5% of the company’s roughly 20,000 workers worldwide, according to a Hershey spokesperson. “We do not expect significant disruption or impact to our employee base,” the spokesperson said, declining to detail […]
Shortly after being named to lead Whitaker Center for Science and the Arts last fall, Mary Oliveira hit the ground listening.She wanted to learn from the experience of staff members who had weathered the Covid-19 shutdown and then kept the nonprofit center operating following the departure last March of its former leader, Ted Black.“They really […]
Lancaster-area officials, nonprofit executives and business leaders gathered yesterday to mark the next step in a nearly four-year journey to redevelop the former UPMC Lancaster campus along College Avenue.Nonprofit developer HDC MidAtlantic broke ground Feb. 7 on the first phase of redevelopment — a $23 million, 64-unit affordable-apartment building at 213 College Ave., the site of a vacant office […]
As part of his budget proposal for the state’s next fiscal year, Gov. Josh Shapiro is offering a remedy to the shortage of ready-for-business industrial spaces in Pennsylvania.It is a $500 million, bond-funded expansion of PA SITES, a program the governor rolled out last year on a pilot basis with $10 million in funding. The […]
A bumpy financial road is prompting local banks to tap the brakes on lending.Banks are still making loans. However, they may not be as aggressive in courting new business. Nor are companies eager to add debt, with interest rates still elevated and the economic outlook uncertain. A quarterly survey of bank loan officers by the Federal […]
Absence makes the list grow longer.It has been more than a year since state officials dished out funding under the Redevelopment Assistance Capital Program, aka RACP, a state program that backs high-profile projects around the state.Now, for the first time under Gov. Josh Shapiro, the state is preparing to award funding once again following an […]
In a bid to reduce debt and cut expenses, Hanover-based Utz Brands is unloading some of its snack brands and plants, including a facility in the Lititz area.In a deal valued at $182.5 million, the snack maker is selling plants in Manheim Township and Littletown, N.C. as well as the lease for a plant in Las Vegas, […]
Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in BethlehemThe 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and businesses […]
A Lebanon County judge has sided with a North Annville Township decision shooting down developers hoping to plant a roughly 858-acre solar farm in the rural municipality west of Lebanon city.The ruling, handed down last week, upholds a 2022 vote by North Annville supervisors to deny a conditional use permit to Lebanon Solar I LLC, a […]
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