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
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 […]
Inflation punched something of a hole in the donut market last year.Consumers were still buying the sweet treats – and Duck Donuts opened a record 33 stores in 2023, according to Betsy Hamm, CEO of Duck Donuts, the growing franchisor based in Mechanicsburg, Cumberland County.But, she said, “Where we’re seeing that decline is in frequency. […]
Educators love it because they would no longer depend on legislative approval for annual state funding.Families buffeted by inflation — and reluctant to take on debt — will appreciate its promise of college tuition as low as $1,000 per semester. But critics wonder how much it will actually cost. “It” is the blueprint for higher […]
In a lawsuit filed this month, Lancaster city is accusing a neighboring township of not doing enough to prevent stormwater from flowing into the city’s sewer system, a problem that has been brewing for years.Among other alleged failures, officials in Manheim Township have not required developers to install adequate stormwater controls or paid for the […]
Tenants are raising a legal hurdle to the proposed sale of an affordable-apartment complex in uptown Harrisburg.A New Jersey firm bid just over $9.6 million to buy the complex, known as Governor’s Square, from its current owner, Uptown Partners, which filed for bankruptcy protection last year. The tenants, represented by an attorney from a Harrisburg-based nonprofit, have […]
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