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Banking & Finance

Lawsuit targets credit union over data breach at vendor

A local lawsuit related to a data breach at insurance and employee benefits brokerage Alera Group has prompted a local lawsuit.The lawsuit is not targeting Illinois-based Alera, however. It was filed last month against Members 1st Federal Credit Union, based in Hampden Township, Cumberland County. Filed in Cumberland County by a Members 1st employee, the lawsuit alleges the […]

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Ephrata bank buying Maryland lender

After years of steady growth in Lancaster, Lebanon and Berks counties, the parent of Ephrata National Bank is crossing state lines.ENB Financial Corp. said yesterday it agreed to buy Cecil Bancorp, a small bank in northeastern Maryland.The cash deal, valued at $30.8 million, is the first bank acquisition in ENB’s history, which stretches back to 1881.The deal is […]

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Investor ups stake in Harrisburg bank

A family trust affiliated with George E. Norcross III, a New Jersey business leader and political power broker, has been steadily boosting its stake in Harrisburg-based Mid Penn Bancorp as the bank expands in Philadelphia and New Jersey.Indiana Pacific General Trust, whose beneficiaries are Norcross’s son and daughter, disclosed last year that it held a 6.2% stake in […]

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Customers chief to retire

A titan of Pennsylvania banking is passing the baton.Jay Sidhu said Friday he plans to retire on Jan. 1 as chairman and CEO of Customers Bancorp, a Berks County lender that he transformed over a period of nearly two decades.The 73-year-old executive plans to remain the bank’s executive chairman. But he is handing the CEO role […]

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Bank buys Lititz insurance agency

The insurance division of Harrisburg-based Mid Penn Bancorp has acquired Charis Insurance Group, an insurance agency based in Lititz. Terms of the transaction were not disclosed. Founded in 2017, Charis is led by president Matthew Snavely. He has been named a managing director of Mid Penn’s insurance unit, MPB Risk Services LLC. “Charis Insurance Group has built a strong […]

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Deal to bring Wayne County bank into Central PA

A northeastern Pennsylvania bank is swooping into Central Pennsylvania.Norwood Financial Corp., the Honesdale-based parent of Wayne Bank, has agreed to pay roughly $54.9 million for Coatesville-based PB Bankshares, the parent of Presence Bank, a lender active in this region.The cash-and-stock deal, which requires regulatory approval, is expected to close in late 2025 or early 2026.Wayne Bank, which has […]

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Heller spreads blame for collapse of ATM network

Investors have spent nearly a year blaming Daryl Heller for the crackup of an ATM network that allegedly cost them hundreds of millions of dollars.In a court filing last month, Heller dished out some blame of his own.He alleged that people managing the ATM investments misappropriated funds that should have gone to investors, took actions […]

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Suit targets Penn State Health retirement plans

In a class-action lawsuit filed in late June, a Penn State Health employee alleges the health system mismanaged employee retirement plans, diminishing their returns and overpaying vendors.The suit argues that the plans included investment choices with subpar returns and that they paid too much for certain administrative vendors in breach of the health system’s fiduciary responsibility to […]

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Measure aims to limit overdraft fees in PA

State lawmakers are proposing legislation that would cap fees for customers who overdraw their accounts at banks and credit unions.The goal is to protect lower-income consumers from the fees, according to state Rep. Benjamin Sanchez, a Montgomery County Democrat who is sponsoring the legislation.“Sometimes they fall into a cycle where they’re struggling to afford everything […]

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Scranton-area bank eyes first Lanco branch

A Scranton-area bank is seeking permission to open what would be its first branch in Lancaster County, according to a regulatory update from the Pennsylvania Department of Banking and Securities.Dunmore-based Peoples Security Bank & Trust Co. is looking to open the branch at 2343 Oregon Pike in Manheim Township, on the site of a retail plaza at […]

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One year later: Nonprofit startup poised for major milestone

Just over a year ago, Drew Mousetis began pitching the idea of direct employee ownership to anyone willing to listen.Now, he and the Lancaster-based nonprofit he leads, the Tandem Center for Shared Business Success, are poised to land their first convert.“There’s a lot of buzz out there about Tandem, and people want to see a […]

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Report: Heller firm double-sold ATMs

Paramount Management Group, the defunct Lancaster-based ATM network headed by Daryl Heller, sold and resold the same ATMs to the network’s investors, accounting for sales of nearly $22 million, according to a report filed yesterday by a court-appointed examiner in Heller’s bankruptcy case.The report appears to bolster investors’ allegations that they were defrauded by Heller and […]

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Judge offers temporary cease-fire in loan fight between bank, flooring firm

After listening to both sides of a loan dispute yesterday morning, a Dauphin County judge outlined a potential truce and asked attorneys to put it in writing.Harrisburg-area flooring supplier Frontier Surfaces claims it is on the brink of financial collapse following efforts by regional lender Mid Penn Bancorp to collect on a $4 million loan to the company.Mid Penn […]

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Flooring firm levels new charges in loan dispute

A regional bank allegedly relied on false premises to seize $1.6 million in inventory from a Harrisburg-area flooring company, according to a legal complaint filed by the company against the bank.The complaint, filed last week in Dauphin County court against Mid Penn Bank, is the latest salvo in a dispute over an alleged loan default by the […]

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State House moving bill for government-run retirement savings

State lawmakers are taking another run at creating a state-backed retirement program for private-sector workers.Similar legislation cleared the Democratic-controlled House in 2023 but failed to move in the GOP-led Senate.The House is once again on the cusp of passing the legislation following its approval on Tuesday in a party-line vote by the House Commerce Committee.What’s the […]

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Shapiro reboots state efforts to fight financial fraud amid federal cuts

Citing federal pullbacks in the area of consumer protection, the Shapiro administation yesterday unveiled a new hotline, website and email address for complaining about banks, insurers, student lenders and other financial services providers. State residents can now call 1-866-PACOMPLAINT, visit pa.gov/consumer or email [email protected] to report their concerns.Pennsylvania has its own set of laws designed to protect […]

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State authority backs fund focused on life sciences 

A state authority is awarding $2 million to a new venture capital fund that aims to sink the money into Pennsylvania’s life sciences sector, an area that state officials have targeted for growth.The fund is Neovate Life Sciences GP 1 LLC, launched by Neovate Capital Partners, which has offices in Pittsburgh, London, Boulder, Colorado, and New Haven, […]

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Construction

Data center plans provoke debate over impact, process

At a meeting last night, developers shared more details on their plans for a $15 billion data center complex near Carlisle. Residents shared a barrage of doubts.Over two hours, they questioned how much water and electricity the centers would use.They questioned how the developers picked the 700-acre tract of farmland in Middlesex Township where the complex […]

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Lanco contractor taps new prez amid family ownership transition

A Lancaster County contractor is under new leadership as it transitions to the next generation of family owners.Speedwell Construction Inc., based in Penn Township, Lancaster County, has promoted Jon Sensenig to president.Sensenig, who joined Speedwell 10 years ago, worked most recently as vice president of design/build.He succeeds company owners Keith Ebersole, and Gary Myer, who […]

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Contractor fires back in suit over concrete for hospital project

A contractor is disputing claims it’s liable for defective concrete used during construction of a new hospital tower in York.The contractor, New Holland-based Stief Concrete Work Inc., denies the claims, which were raised in a lawsuit filed in May by York-based Kinsley Construction LLC. Kinsley claims it’s owed $935,000 for the concrete, which the company delivered for use in […]

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West Shore engineering firm acquired

Aiming for a bigger slice of business in Pennsylvania, an Ohio-based engineering firm has acquired Dawood Engineering, a firm based on the West Shore.The deal brings together two companies with complementary services and creates opportunities to build on them, according to Neil Churman, president and CEO of the Ohio-based buyer, Woolpert. Woolpert, for example, has a team that […]

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New owners, new outlook for Lancaster contractor

Aimee Deraco hesitated when she was first approached about becoming chief executive of Brubaker Inc., a family-owned contractor in Lancaster County that was mulling a transition to employee ownership.She wasn’t sure, at first, what role would be played by the company’s then-owners, brothers Dave, Don and Gerry Brubaker. They had taken over the company from […]

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Demo approved, sites confirmed for Lancaster data centers

The dust is still settling on the flurry of announcements for massive data and energy projects proposed this week for Pennsylvania. Actual dust could soon start flying on one of those projects — a $6 billion data center investment in Lancaster.The city has issued demolition permits for the first phase of the project, according to city […]

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Feds charge fired West Shore Home VP with extortion

A vice president overseeing supply chains for Mechanicsburg-based West Shore Home LLC allegedly tried to extort a severance payment from the company after he was fired, according to a federal criminal complaint filed by the U.S. Attorney’s office and a civil lawsuit filed by the company.The home improvement company fired the VP, Bryan Chapman, in August 2023 […]

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Major mixed-use project in Lancaster secures zoning OK

High Real Estate Group took a step forward this week in its ambitious plan to develop a 476-acre tract west of Lancaster where the company envisions a mix of homes, apartment buildings, shops and light industrial space.Supervisors in Manor Township voted 4-1 this week to change zoning on nearly 400 acres of the property from industrial […]

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Firm eyes hotel use in part of former York-area hospital

The developer that converted the former Memorial Hospital in suburban York into apartments is asking Spring Garden Township to allow a hotel/motel use in a portion of the building, according to a zoning application before the township.In a zoning request for a special exception, BHI Properties LLC said it wants to create a hotel of […]

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Court ruling freezes bidding on state lab project

A state appeals court has halted the bidding process for work on a $325 million state laboratory near Harrisburg after a builders group challenged a labor requirement attached to the project.The requirement, known as a project labor agreement, would require contractors to use mostly union workers. But the Lancaster County-based Keystone chapter of the Associated Builders and […]

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PE-backed firm scoops up West Shore utility contractor

A firm sponsored by private equity has purchased JMF Underground, a West Shore contractor that specializes in repair and maintenance of underground utility infrastructure.The Mechanicsburg-based contractor is now a part of Ohio-based Delphi Infrastructure Group, which is backed by MPE Partners, a private equity firm with offices in Boston and Cleveland.Terms of the transaction were not disclosed. But […]

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Zoning change accommodates data center plans

A $15 billion data center project proposed for rural Cumberland County cleared a crucial hurdle.At a meeting Friday morning, supervisors in Middlesex Township approved an ordinance creating a special zone where data centers are allowed — an agricultural tract of roughly 700 acres along Country Club Road and the Conodoguinet Creek.The ordinance incorporates best practices […]

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Deal bolsters arm of Harrisburg engineering firm

Seeing a need among its clients, engineering services firm The Lexis Group LLC launched a construction inspection division in February 2024.But it has been challenging to find qualified inspectors, according to Lexis principal and chief marketing officer Ann Leiner. So, leaders of the Harrisburg-based firm embraced the opportunity this spring to add nearly 50 inspectors through the acquisition […]

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Lanco contractor acquiring neighboring firms

Brubacher, a specialty construction contractor based in Brecknock Township, Lancaster County, is acquiring Abel Construction and Abel Recon, sister companies based in West Hempfield Township, Lancaster County. Terms of the transaction, slated to close at the end of this month, were not disclosed.Founded in 1971, Brubacher is a family-owned earthwork, underground utility and paving contractor with about 300 […]

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Economy

Regional jobless rates tick up

As uncertainty over tariffs froze customer orders in the spring, JLS Automation in York County laid off 10% of its workforce.Business began to come back over the summer, JLS president and CEO Craig Souser said in an early August interview. The York-area company, which employs about 130 people, assembles automated packaging lines for food companies.“It’s not full on, […]

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Effort underway to boost downtown Harrisburg

State lawmakers, city officials and the Capital Region Economic Development Corp.  are launching a joint effort to revive downtown Harrisburg, which has yet to recover fully from the Covid-19 pandemic. The partners plan to assemble a steering committee that will begin work “immediately” on a downtown revitalization plan.“Everyone agrees that we need to provide some special […]

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Economic uncertainty weighs on regional M&A 

Regional dealmakers came to life in the second half of 2024 as interest rates came down. Nonetheless, the volume of mergers and acquisitions in Central and southeastern Pennsylvania fell last year for the third year in a row, according to an annual report by professional services firm RKL LLP. This year began on an active note, according to Bryan […]

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Shapiro, lawmakers ramp up push for energy plan

State lawmakers yesterday began to put some legislative meat on the bones of an energy plan unveiled in January by Gov. Josh Shapiro.The lawmakers issued a series of memos seeking sponsors for elements of the six-point plan, which is designed to lower prices, speed up construction of new power sources and encourage environmentally friendly forms of […]

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Tariffs to hit billions in PA trade with Canada, China, Mexico

President Donald Trump is firing the first shots in a long-expected trade war that will affect billions of dollars of goods flowing in and out of Pennsylvania.Over the weekend, Trump signed executive orders imposing tariffs of 25% on goods from Mexico and Canada, and 10% on goods from China.Energy imports from Canada will be subject […]

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Despite headwinds, deals reshape region’s corporate players in 2024

High interest rates hampered mergers and acquisitions for much of 2024, as did uncertainty over the outcome of the presidential election.Nonetheless, Central Pennsylvania saw plenty of dealmaking over the last year.The roundup below includes the usual suspects like banks and insurance brokerages, but it also features companies that make hammocks, home runs and virtual-reality games. January: […]

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What would it take to end PA taxes on overtime?

President-elect Donald Trump made hay during the campaign with pledges to end taxes on tips and overtime pay. It’s unclear whether the proposals will gain traction in the U.S. Congress, given their potential cost.But the debate is likely to play out in Harrisburg, as well.In recent weeks, Pennsylvania lawmakers have floated proposals to eliminate state income […]

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DoorDash touts results of pilot benefits program for PA drivers

App-based food-delivery service DoorDash disclosed yesterday the results of a pilot benefits program introduced for the company’s Pennsylvania drivers. The program addresses concerns that independent contractors such as DoorDash drivers lack the workplace benefits enjoyed by employees, such as retirement plans and health insurance.Under the program, the company has been contributing 4% of eligible drivers’ earnings […]

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Palmyra-based distributor cutting HQ, warehouse staff

A Palmyra-based specialty distributor plans to lay off about 100 people working at three locations in Lancaster and Lebanon counties by the end of this year.The move stems from an expected decline in business and resulting corporate restructuring, according to a layoff notice from the company, DAS Companies Inc. Efforts to reach the company yesterday were not […]

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Ports strike could spell supply-chain pain

Companies in Central Pennsylvania and beyond are bracing for a strike that could upend supply chains across the U.S.Workers who load and unload cargo at ports on the East and Gulf Coasts are poised to go on strike at midnight tonight, an outcome that looks increasingly likely to Peggy Stewart, international operations officer for Nexterus, a […]

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Fed rate cut seen locally as positive signal 

Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend.However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November.That’s the view of local financial executives who spoke yesterday with biznewsPA shortly after […]

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Amid childcare shortage, Hanover nonprofit plans to boost capacity with new building

Amid widespread concerns about a shortage of childcare for working parents in Pennsylvania, the Hanover YWCA is aiming to expand its capacity and shrink its waiting list for spaces.The nonprofit is in the midst of a capital campaign to raise $10 million that will support construction of a new, three-story childcare center at the corner of North […]

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Rail stoppage to ripple through PA, though end is in sight

Supply chain troubles are back in the news, thanks to the shutdown this week of two major Canadian freight railroads amid conflict between labor and management. It’s unclear how long the stoppage will last and what the economic impact will be, though the Canadian government moved yesterday afternoon to get trains back on track.Nonetheless, ripples are sure […]

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County economic post ‘a very hard opportunity to pass up’

The state-funded walkway connecting a public park to the Main Street of a small Montgomery County borough was not a big project. But the project and the community’s positive reaction were enough to hook Greg Welker on the world of economic development.“It really spoke to me,” said Welker, who was then working for the Pennsylvania […]

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entrepreneurship

Lititz yogurt maker closes seven-figure seed round

Painterland Sisters, an organic yogurt maker based in Lititz, just raked in a seven-figure sum from a bevy of investors, according to company spokesperson Chloe Schwartz.Schwartz declined to share the precise amount raised in the seed funding round, which was disclosed yesterday. But the money will provide working capital to support innovation and operations for Painterland ahead […]

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West Shore startup lands venture funding

Mark Small and Brad Curran quit their day jobs in 2022 so they could devote more time to their Mechanicsburg-based startup, which is developing cutting-edge strength-training equipment.The company, Poseidon Strength, closed its first sale in May 2024 and has now landed its first financing outside of friends and family.York-based venture capital firm White Rose Ventures has made an […]

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Spring Grove firm tees up software for national sales

After nearly a decade of fine tuning, a Spring Grove software company believes its main product is ready for prime time. CFA Solutions debuted an early version of the software — designed to root out errors in the manufacturing process — in 2017.The company spent the last few years testing it with local manufacturers. But this year, […]

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York winemaker partners with Harrisburg-area distiller

The expanded opportunity to sell canned cocktails in Pennsylvania has lured another player into the market.Carl Helrich, owner of York County-based Allegro Wine Co. LLC, has become a minority partner in Spring Gate Spirits LLC, a Harrisburg-area distillery founded by entrepreneur Martin Schoffstall. Helrich has been named president of the distiller, and its operations are moving to an […]

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Urban greenhouse firm tied to York project among winners in new PA grant program

Local farms and businesses — including a Harrisburg-area company involved in an urban greenhouse in York — landed thousands of dollars in state grants from a new program designed to spur innovation in agriculture. The grants were unveiled yesterday by state officials during a press conference at a Lancaster County farm.Why is this happening: Gov. Josh […]

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Startup aims to bring soccer back to Harrisburg

Professional soccer is returning to Harrisburg’s City Island. A startup called Capital City Sports Group is launching a team called the Capital City Islanders that will compete this spring in a division of the United Premier Soccer League, a semiprofessional development league.The idea was born from conversations among people who missed seeing outdoor pro soccer in the […]

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Regional lawn-care company sold

Green Image Lawn Care, a regional lawn-care company with offices in York and Lancaster counties, has been acquired by LawnPRO Partners, a platform backed by HCI Equity Partners, a private equity firm based in Washington, D.C. Terms of the transaction were not disclosed.Green Image is led by Luke Zimmerman and Ryan Freed, who are continuing to run […]

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Regional home services franchisee expands into NJ

Matt Buckwalter and Frank Horvath first met about a decade ago as fellow franchisees for One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric. Now, they are co-workers.Buckwalter’s Lancaster County-based company, Punctual Pros, has acquired Horvath’s — Horvath Home Services, which does business in Ocean and Monmouth counties in central New Jersey.The acquisition is the first for Punctual […]

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West Shore electrical contractor changes hands

Harrisburg-area business owner Anthony Worrall has added a third company to his portfolio.  The owner of Reynolds Restoration Services and IT services company Everound has acquired SECCO Electric, a commercial contractor based in Lower Allen Township, Cumberland County.Terms of the transaction were not disclosed.In an interview, Worrall said he was interested not in supercharging growth or changing SECCO, which employs 45 […]

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State authority rolls $1M into new venture fund

A new venture fund in Central Pennsylvania is closer to its fundraising goal thanks to an investment this week from a state authority.The Ben Franklin Technology Development Authority has poured $1 million into the fund, Keystone Innovation Fund II, a joint venture between York-based White Rose Ventures and State College-based 1855 Capital. The fund is on track to close by the end […]

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Virtual-assistant biz makes third acquisition this year

The virtual-assistant business has been a source of real-world growth for Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital.Zirtual closed Friday on the acquisition of Double, a virtual-assistant business based in Brooklyn, New York. It’s the third deal this year for Zirtual since it was acquired by PennSpring in December.People hire virtual assistants to help manage their calendars, […]

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Lancaster cleaning firm sweeps up opportunities in M&A

Alan Chachapoya, the managing director of DSC Solutions, a Lancaster County-based commercial cleaning company, is seeing opportunities where others do not. Chachapoya recently bought Guaranteed Property Services, another Lancaster-based company in the same industry.Founded in 1997, Guaranteed Property Services operates Guaranteed Carpet Services, C&S Cleaning, and Personalized Commercial Cleaning. Mike Graybill, the owner of Guaranteed Property Services, will join the DSC […]

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Lancaster manufacturer stakes growth on acquisitions, innovations in outdoor gear

When Tom “Dutch” Ressler strung up his first hammock during a through-hike on the Appalachian Trail in 2003, the equipment he carried was not always optimal.“Staying dry was a challenge,” he said.So, when he returned home to Lancaster, Ressler started fashioning his own gear.The DIY adventure led him to launch his own business, which has […]

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Lancaster software startup merges with industry peer

In a union billed as a merger of complementary technologies, Lancaster-based software startup AutoOps has joined with Boston-based Steer, which develops and sells customer relationship management software to auto repair shops.Terms of the transaction were not disclosed, but Steer plans to retain the leaders, employees and office of AutoOps, which makes software for scheduling auto repairs, according to […]

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Building a national brand from a West Shore base

Soon after founding West Shore Home nearly 20 years ago, B.J. Werzyn envisioned turning the home-remodeling business into a nationwide brand.It was not a vision that was readily embraced, given the company’s humble beginnings in an industry long dominated by local contractors.“When you’re one location here in Mechanicsburg, Pennsylvania, with 50 employees and you say, […]

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Lanco startup builds on viral moment: ‘You don’t want it to just be that’

When you’re shipping a $100,000 engagement ring, you don’t take any chances.That’s how Simone Kendle found herself on a plane to Toronto over the Memorial Day weekend.“Delivery person” may not be part of the job description for Kendle, the CEO of Wove, a startup custom jewelry company founded and based in Lancaster. And while Wove […]

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PE firm backs spinoff from York IT company

John Dolmetsch believed wireless connectivity would become a staple of modern life. He just didn’t expect it would happen so quickly.“Literally, it’s an explosion,” said Dolmetsch, who in 1992 co-founded York-based IT firm Business Information Group, aka BIG, with his brother, Scott.In a bid to take advantage of that growth, John Dolmetsch partnered this spring with […]

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Lancaster nonprofit names first top exec

The Tandem Center for Shared Business Success, a Lancaster-based nonprofit focused on employee ownership and profit sharing, has hired Drew Mousetis as its first executive director, effective May 20, The nonprofit was founded last year by Chip Cargas, founder of Lancaster-based software company Cargas. Mousetis worked most recently as a lead consultant at Cargas, an employee-owned […]

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Food

Scranton college leasing space for Franklin County training center

Lackawanna College is planning to open a satellite center in the Chambersburg area offering associate degrees in welding and fabrication skills. Pending approval from the U.S. Department of Education, the private college in Scranton hopes to open the center as early as the spring 2026 semester.The satellite center will be in Greene Township at 1669 […]

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WellSpan Health

Andrew Cochrane has been named president of WellSpan Chambersburg Hospital effective Oct. 6. He succeeds John Massimilla, who retired over the summer as leader of the 274-bed hospital in Franklin County.Cochrane worked most recently as head of an independent leadership consulting firm in the Minneapolis-St. Paul area in Minnesota.Before that, he held leadership roles at […]

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Eco-services firm in Lititz sold

LandStudies, a Lititz-based firm specializing in watershed planning, stream restoration and other ecological landscaping services, has been acquired.The buyer is Wetland Studies and Solutions Inc., which operates under the umbrella of Kent, Ohio-based The Davey Tree Expert Co. Davey Tree provides a range of landscaping and tree care services to residential, commercial and utility customers. Terms […]

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Former Heller offices sold to wealth advisory

A partnership affiliated with Daryl Heller, the business owner charged with defrauding investors in an ATM network, has unloaded office space in downtown Lancaster.In a court-approved transaction, Premier Prince Street LLC sold just over 16,000 square feet of office space at 415 N. Prince St. for $2.8 million, according to York-based ROCK Commercial Real Estate. ROCK agent Patten Mills […]

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Investment Real Estate Group of Companies

Michelle Morin has been named an accounts payable specialist at Investment Real Estate Group of Companies, a York-based operator of self-storage facilities.She will manage accounts payable processes, vendor payments and financial recordkeeping while supporting daily operations across the organization.Morin brings more than 20 years of experience in accounts payable, vendor relations, expense processing, reconciliations and […]

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LNP Media Group

Digby Solomon has been named interim publisher of LNP Media Group, which publishes LNP LancasterOnline. Solomon is filling a role that has been vacant since the media outlet’s former owner, Lancaster-based Steinman Communications, donated it to WITF in 2023. WITF and LNP are now both owned by Pennon, a parent nonprofit established in 2024 and based in Swatara Township, Dauphin […]

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New chief to run paper company in turnaround mode

A Spring Grove paper maker is tapping a new CEO as it works to turn around its finances.Pixelle Specialty Solutions has named Julie Schertell as its CEO.She succeeds Ross Bushnell, who led the company for two years but is leaving for undisclosed opportunities.He is staying on through September as an adviser to Pixelle’s board.The career: Schertell is a […]

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Operations of troubled apartment complex handed to receiver

An independent receiver is now overseeing the beleaguered Governor’s Square apartments in Uptown Harrisburg. Under a court order finalized in late August by a Dauphin County judge, Midtown Asset Consulting LLC is taking over daily operations of the 222-unit affordable apartment complex, whose owner filed for bankruptcy more than two years ago.Midtown Asset’s first step is to […]

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WellSpan Health

Dr. David Gasperack has been named senior vice president of primary care and population health for WellSpan Health. He was previously a vice president, regional chief medical officer and chief medical officer for primary care.In addition to overseeing primary care for the regional health system, Gasperack will lead development, planning and execution for WellSpan’s value-based care […]

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Senior living campus buys neighboring tract

The Cross Keys Village The Brethren Home Community, a senior living campus in Oxford Township, Adams County, paid $5 million to buy a roughly 35-acre parcel next to its 334-acre campus, according to county deed records.The tract was previously owned by Frock Brothers Trucking Inc., which closed after being hit with federal charges for violating the […]

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Capital-area company consolidating Florida operations

A Harrisburg-based manufacturer of windows and doors is closing two plants in Florida but opening another one as it looks to focus on its best-selling products.MITER Brands is shutting down Miami-area plants in Hialeah and Medley that employ about 440 people, according to a company spokesperson.It is relocating production of high-demand products to other Florida plants […]

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Shopping plaza changes hands

Trone Family Trust paid $3.6 million last month for Stillmeadow Plaza, a 24,000-square-foot shopping center in Manchester Township, York County, according to York-based ROCK Commercial Real Estate, which described the transaction as an investment sale. ROCK agent Ben Bode represented the seller, Ryan Run Properties LP. Mike Rohm of Camp Hill-based Landmark Commercial Realty represented the buyer.

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Plans sought for Penn State York after campus closes

Leaders in York County are kicking off a seven-month process that they hope ends with a master plan for reusing the Penn State York campus, which is scheduled to close in less than two years.This week, the York County Economic Alliance issued a request for proposals from consultants interested in assessing the campus and crafting the plan.The […]

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Government

‘Resounding win’ for PA restaurants in suit over liquor fees

Restaurants in Pennsylvania overcame a key obstacle in their long-running effort to recover tens of millions of dollars in fees from the Pennsylvania Liquor Control Board that the restaurants argue they never should have been charged.In a 31-page ruling last week, a Commonwealth Court judge said the restaurants could pursue a class-action lawsuit against the PLCB, […]

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Firm wins round in tax refund fight

A Pennsylvania appeals court sided last week with a corporate taxpayer that claimed state tax authorities were wrong to reject its petition for a refund.The company, a subsidiary of California-based electric utility Edison International, sought a refund for state taxes it paid in 2008 after an IRS audit in 2017 reduced its federal taxable income. The subsidiary, […]

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Costs seen mounting for data center tax exemption

In 2022, Pennsylvania waived sales taxes for computer equipment purchased for use in data centers, provided the centers met certain requirements.Following a slew of announcements about new data center projects around the state, the price tag for that exemption may be going up.The Pennsylvania Department of Revenue is revisiting its forecasts on the exemption’s annual […]

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PUC seeks fines from utility, plumbing contractor

State utility regulators have lodged complaints against two companies over their alleged roles in a Harrisburg-area home explosion attributed to a ruptured gas line.The Pennsylvania Public Utility Commission filed the complaints yesterday against natural gas provider UGI Utilities and Pronto Plumbing Heating Air Drains, a regional contractor based in Camp Hill.The complaints allege UGI failed to comply with […]

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Museum complex slated for $55M upgrade

The State Museum of Pennsylvania is getting a facelift. State officials yesterday unveiled plans for a $55 million makeover of the 62-year-old museum complex on state Capitol grounds. The goal is to modernize exhibits, displays and storage areas, while creating an environment matching the expectations of 21st-century visitors.Planned changes include creation of a large-scale media […]

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State House advances controversial tax policy

State lawmakers are plowing ahead once again with tax changes that have long drawn the ire of business lobbyists but never made it into law.The changes would subject more corporate profits to taxes in Pennsylvania by curtailing the ability of companies to report those profits in other states.Two committees in the Democratic-controlled state House have […]

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Rule for spill reporting elicits mixed reviews

Environmental groups are slamming a proposed rule designed to help companies in Pennsylvania figure out when they need to disclose accidental spills of hazardous chemicals.Drafted by the Pennsylvania Department of Environmental Protection, the rule aims to clarify what kinds of spills should be reported to regulators.But environmentalists argue the rule gives businesses too much discretion […]

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AG settles claims against Lancaster-based property manager

Home365, a property management company with offices in Lancaster and Las Vegas, has agreed to pay $45,000 to settle allegations by Pennsylvania Attorney General Dave Sunday that it was slow to make repairs in response to tenant requests and, in other cases, did not return tenants’ security deposits. Both are violations of state law.Two-thirds of […]

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House OKs bill stiffening penalties for misclassifying workers

The Pennsylvania House last week approved legislation to beef up penalties for companies that misclassify employees as independent contractors. The vote in the Democratic-led state House was 113 to 90, with a handful of Republicans backing the measure. However, the margin of victory was narrower than in a 2023 vote on a similar bill, which […]

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For-profit healthcare deals under fire

Gov. Josh Shapiro and allied lawmakers are taking aim at the role of private equity in healthcare, arguing there is a need for action after the fallout from hospital closures in suburban Philadelphia. They are pushing legislation that would give state officials greater say over deals between nonprofit healthcare providers and all for-profit buyers, not just […]

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Federal cuts hit manufacturing services providers

The federal government has canceled contracts with organizations that assist small and midsized manufacturers in 10 states, cutting off a major source of funding.Pennsylvania is not one of the 10. Nonetheless, the cancellations raise questions about the fate of similar organizations in the Keystone State, including York-based Mantec. The nonprofit receives federal funding via a statewide entity […]

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Regional repair shop faces federal charges

Federal authorities are leveling pollution-related charges against Pro Diesel Werks, a vehicle service business with operations in Lebanon and Reading, as well the company’s owner and a service manager.They allegedy violated the federal Clean Air Act by disabling pollution control systems on diesel vehicles and tampering with their diagnostic systems, which are supposed to warn […]

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York, Lanco rehab projects land state grants 

The state is pouring more than $1.3 million into a pair of renovation projects in York and Lancaster counties as part of a program to fund downtown revitalization.Lancaster-based nonprofit Community Basics Inc. landed $823,917 to rehab a 23-unit affordable-housing complex in Maytown called Three Center Square.The York County Industrial Development Authority is getting $504,050 to advance its plans […]

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Health Care

Double-digit premium hikes sought for ACA plans

Health insurers are asking for double-digit rate hikes for plans sold in Pennsylvania on the market created by the Affordable Care Act. State insurance regulators said Friday that insurers are proposing average premium increases of 19% for individual plans and 13% for small-business plans in 2026. Officials warned in June that hikes were coming as part […]

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Regional health plans back initiative to cut red tape

Health insurers covering tens of thousands of people in Central Pennsylvania have joined a national effort to reform practices that critics blame for blocking access to medical care.That would be the need for prior authorization, which involves securing approval from a health insurer before getting treatment.Insurers have been working over the years to streamline the […]

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WellSpan, hospital union negotiating new deal

Contract talks are underway between WellSpan Health and a union representing workers at WellSpan Chambersburg, one of the health system’s hospitals in Franklin County. The two sides have been negotiating a new labor contract to replace one set to expire at the end of this month.Wages are a major issue for the union, SEIU Healthcare Pennsylvania, which […]

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Agency sounds early warning on ACA premium hikes

State insurance regulators are joining other observers warning about higher costs next year for the tens of thousands of Pennsylvania residents who buy health insurance in the market created by the Affordable Care Act.Insurers have begun to propose premiums for ACA plans next year and the Pennsylvania Insurance Department said yesterday that insurers are seeking […]

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Health authority warns tax-credit expiration could cost PA residents

Enhanced federal tax credits help Pennsylvanians afford private health insurance in the market established more than a decade ago by the Affordable Care Act, or ACA. But the enhanced credits are slated to expire at the end of this year if the U.S. Congress does not extend them.If the credits lapse, the average Pennsylvanian with […]

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Weis wants part of Rite Aid pharmacy biz

Weis Markets, whose pharmacy business has been growing by double digits, is making a play for pieces of Rite Aid.Legal filings in the Rite Aid bankruptcy case reveal that Sunbury-based Weis is among those bidding for the pharmacy chain’s assets. A Weis spokesperson declined to comment, and legal filings offer no details. But Weis joins several other […]

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Audit: Lapsed UPMC recordkeeping led to Medicaid overpayments

Due to recordkeeping lapses by UPMC Health Plan, a state agency reimbursed the health insurer for Medicaid recipients who were not eligible for the program, including some who had died, according to an audit released yesterday by the office of Pennsylvania Auditor General Tim DeFoor. The resulting overpayments to UPMC totaled $357,048 in 2022, according to the audit, […]

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House panel to vote on healthcare violence bill

Just over a month after a deadly attack at UPMC Memorial hospital in York County, state lawmakers are poised to take up legislation addressing violence in the healthcare workplace.The legislation, House Bill 926, is scheduled for a vote March 25 in the House Labor & Industry Committee.Advocates note that healthcare workers are more likely than others to experience […]

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Regional nonprofit in ‘startup mode’ to tackle employer health costs

It may be more than 30 years old, but the Central Penn Business Group on Health is in startup mode.The Lancaster-based nonprofit has hired a new CEO, and it is mulling new approaches to help area employers contend with rising healthcare costs, perhaps by applying analytics and other technologies.“The employers are looking for more,” said Dr. Jaan […]

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Feds open investigation into hospital shooting

Federal workplace safety regulators are probing the shooting that took place inside the intensive care unit at UPMC Memorial in York County on the morning of Feb. 22.The investigation by the Occupational Safety and Health Administration was opened the day of the shooting, which claimed the life of a West York police officer and injured two […]

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Hospital attacks tests trauma response

The heartbreaking accounts began populating social media feeds early last week: harrowing posts from nurses and other healthcare workers who survived the deadly hostage-taking that unfolded inside the intensive care unit at UPMC Memorial in York County on the morning of Feb. 22.The stories offer a glimpse into the nightmare endured by UPMC staff members, who will […]

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WellSpan, UnitedHealthcare end stalemate on employer plans

After missing an October deadline, WellSpan Health and UnitedHealthcare have agreed to renew a key reimbursement contract.The multiyear agreement, which took effect Dec. 15, means WellSpan providers are once again in-network for about 35,000 people in Central Pennsylvania who are covered by UnitedHealthcare through the workplace.The deal caps weeks of uncertainty for patients. They faced higher costs or the […]

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Further talks yield another partial deal for WellSpan, health insurer

After extending negotiations for a month, WellSpan Health and UnitedHealthcare have reached a deal affecting patients in certain Medicaid and Medicare plans.The deal preserves in-network access to WellSpan providers for about 3,500 patients enrolled in Medicaid plans for children and in Medicare plans for people with special needs, according to WellSpan spokesperson Ryan Coyle.In-network coverage had been slated to […]

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Capital-area behavioral health provider to relocate

The Pennsylvania Psychiatric Institute is moving out of the former Polyclinic campus in uptown Harrisburg after failing to forge a new lease.The institute’s inpatient services are moving to Holy Spirit Medical Center in East Pennsboro Township, Cumberland County, according to Penn State Health, which owns both Holy Spirit and the psychiatric institute.Penn State Health is working to find […]

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Feds lodge civil, criminal charges against Heller

Federal authorities have filed a pair of complaints against Daryl Heller alleging that the Lancaster County business owner defrauded investors in an ATM network that operated as a ponzi scheme.The charges, from the U.S. Securities and Exchange Commission and the U.S. Attorney’s Office for the Eastern District of Pennsylvania, echo accusations made over the last […]

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ATM investors take aim at former Heller partners

A new lawsuit aims to implicate former business partners of Daryl Heller in the alleged ponzi scheme at the center of his legal troubles.The class-action lawsuit, filed in federal court this week, accuses Jerry Hostetter, Mir Jafer Ali “Buck” Joffrey, Randall Leaman and Dave Zook of helping Heller carry out the scheme, which the suit […]

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Winery ordered to shut down after court hearing

It took a York County judge about 25 minutes to approve the closure of a business that has operated for more than 20 years.Barring any last-minute legal twists, Moon Dancer Vineyards & Winery in Lower Windsor Township must close “immediately” under an order approved at a hearing yesterday morning before Court of Common Pleas Judge Matthew Menges. The […]

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Winery loses appeal in fight to stay open

A state court rejected an appeal from a York County winery fighting orders that it shut down. The decision last week by Superior Court of Pennsylvania forestalls one of the last legal avenues available to Moon Dancer Vineyards & Winery in its long-running battle with neighbors who want the venue to cease operations.The neighbors — Amanda Perko and […]

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Report finds signs of ponzi scheme at Heller ATM business

Business owner Daryl Heller has blamed several factors for the collapse of Paramount Management Group, the Lancaster-based ATM network that imploded last year in a morass of lawsuits.Those factors include rising interest rates, declining ATM usage and tighter regulatory requirements for the cash-dispensing machines, according to a report released this week by an examiner appointed by […]

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Former controller accused of theft from regional business

A woman who worked as a senior controller at York-based Kinsley Enterprises allegedly funneled more than $95,000 from the company into an account for a Lancaster-area restaurant she and her husband own, according to an affidavit of probable cause filed by Pennsylvania State Police.The woman, Kathryn Khuc of Red Lion, allegedly disguised the payments so they appeared […]

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Heller pitches plan to repay creditors

Bankrupt Lancaster County business owner Daryl Heller is floating a plan to pay back his creditors, but the plan is far from likely to be the final word on the matter.Investors in Heller’s best-known business — a defunct, Lancaster-based ATM network known as Paramount Management Group — are on record arguing that Heller should not be allowed […]

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Former exec pleading not guilty to extortion charge

Bryan Chapman, a former supply chain executive for West Shore Home, is pleading not guilty to federal charges that he tried to extort a severance payment from the Mechanicsburg-based home improvement company after he was fired in 2023, according to Chapman and his attorney. The attorney, Thomas Thornton of the federal public defender’s office, declined to comment […]

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Former manager sues Live over commissions

A company that managed the rock band Live during its 1990s heyday claims in a York County lawsuit that band members owe it tens of thousands of dollars in commissions.The company, Bethlehem-based Media Five, alleges it’s due more than $250,000 under agreements signed in 1990 and 1994, according to the lawsuit, filed in early July.The agreements allow Media […]

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Manufacturing

Lanco flooring maker closing Kentucky plant

Flooring manufacturer AHF Products is closing a factory in Somerset, Kentucky, and moving production to other facilities. The decision follows an internal review finding that consolidating production is the best way to match the company’s factory capacity with the current and projected demand for its products, according to a company release.The Kentucky plant employs about […]

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Lebanon lumber business files bankruptcy amid sales slump

After announcing layoffs last month and trying unsuccessfully to find a buyer for its operations, a Lebanon County lumber company filed for bankruptcy this month.Based in South Annville Township, Weaber Inc. saw annual sales climb above $100 million in the late 2010s, according to the company’s bankruptcy filing.But sales plunged over the last two years as […]

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Firm consolidating in former TE/AMP plant

When electrical components manufacturer SESCO outgrew its Mont Alto plant in the mid-2010s, the company leased a second facility in Waynesboro.The company has operated in both buildings for a decade, according to SESCO founder, owner and president David Souders.But now, SESCO’s 87 employees are poised for a reunion.The company is buying a former TE Connectivity plant at 627 N. […]

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Manufacturer buys playgrounds specialist

Lancaster-based flooring maker Ecore International has purchased an Ohio-based company that specializes in playground surfacing.Based in Copley, Ohio, near Akron, Pro-Techs Surfacing LLC sells, designs and installs the surfacing. Terms of the transaction — Ecore’s second in as many months — were not disclosed.Pro-Techs, which employs 22 people, does no manufacturing. But the company’s sales and installation services complement Ecore’s […]

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Utz closing plant amid efficiency drive

Hanover-based snack food company Utz Brands Inc. plans to wind down operations at a plant and warehouse in Grand Rapids, Michigan, as part of an ongoing effort to concentrate production at its larger, more efficient factories. Manufacturing at the Grand Rapids plant is slated to end by Jan. 30, followed by the end of warehouse operations on May […]

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Slowdown prompts more layoffs for lumber company

Less than a month after deciding to close a lumber operation in northwestern Pennsylvania, Weaber Inc. is consolidating operations in Lebanon County and laying off 145 workers.The lumber company is vacating a distribution center at 25 Keystone Drive in South Annville Township and shifting work to its headquarters location at 1231 Mount Wilson Road, also in […]

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Lancaster flooring maker buys firm with Chambersburg plant

Lancaster-based flooring manufacturer Ecore International has acquired a firm based in New York state with operations in Franklin County.The company is HTI Recycling, a tire collection, recycling and crumb rubber manufacturing company based in Lockport.The deal also includes HTI subsidiaries D&G Heavy Equipment Leasing and Edge Rubber Recycling, which has a plant in Chambersburg.Terms of the deal were not disclosed.Why is […]

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York-area confectioner buys West Shore firm

A York-area candy company has more than doubled its factory footprint after taking over a peer based in Lower Allen Township, Cumberland County.After six decades of family ownership, The Warrell Corp. and its 230,000-square-foot plant have been sold to Wolfgang Confectioners, which operates out of a150,000 square-foot facility in Loganville.Terms of the transaction, which closed last month, […]

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Harrisburg manufacturer sheds Florida porch division

MITER Brands, a Harrisburg-based manufacturer of doors, windows and other products, has divested a Florida-based unit that makes porch enclosures. Known as Eze-Breeze Porch Enclosures, the unit was acquired by its president, Bob Keller, in partnership with investment firm Jewell Hollow LLC and its managing partner, Zach Coopersmith. Terms of the transaction were not disclosed.MITER acquired Eze-Breeze last […]

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Lebanon lumber firm closes northwest PA operation

A Lebanon-area lumber company is closing an affiliate in northeastern Pennsylvania due to sluggish demand for its products.Between Aug. 25 and Sept. 8, South Annville Township-based Weaber Inc. is shuttering a facility in Titusville doing business as ChoiceWood and laying off its 46 workers, according to a notice filed with state and local officials. Titusville […]

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York County papermaker sets date to shutter Ohio plant

Spring Grove-based Pixelle Specialty Solutions has revised the timeline for closing its plant in Ohio.The papermaker said yesterday it plans to cease production at the plant in Chillicothe on Aug. 10. The plant employed more than 800 people earlier this year, but it is not clear how many work there now.The company initially planned to […]

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Food biz unveils $19.1M plant in Lancaster

As sales of its signature bone broth boomed over the last several years, Kettle & Fire struggled to keep its products on store shelves.A new production facility in Lancaster County, unveiled during a ribbon-cutting yesterday, is expected to help meet the demand and then some, according to company founders and executives.The $19.1 million plant is the first […]

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Spring Grove papermaker gets more time on loan payment

Spring Grove-based papermaker Pixelle Specialty Solutions missed an interest payment on its debt due April 30, triggering a ratings downgrade from S&P Global. However, lenders are giving the company more time so it can close on the sale of a plant in Wisconsin and use the proceeds to make the interest payment and pay down debt.Pixelle […]

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Lanco firm drawing up new digs

Manufacturer Breeo is eyeing an expansion at its site in Salisbury Township, Lancaster County, where it assembles smokeless fire pits, products poised for a bump in sales thanks to the impact of tariffs on foreign-made competitors.“We’re still working through our plans, so it’s not set in stone yet,” said Breeo’s CEO and majority owner, Amos Stoltzfus. But the […]

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Steelton plant to close indefinitely, idling hundreds of workers

One of the capital region’s oldest and largest factories will be closing indefinitely this summer due to weak demand for its products, which include steel rails for trains, cranes and trolleys. Ohio-based steelmaker Cleveland-Cliffs said Friday it plans by June 30 to wind down production at its plant in Steelton, along with plants in Conshohocken and Riverdale, Illinois.The […]

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Funding for manufacturing services restored

A federal agency restored funding for organizations that assist small and midsized manufacturers in 10 states.The Trump administration ended contracts with the organizations at the end of March but decided to restore their funding for the remainder of the current fiscal year, which ends Sept. 30, according to a spokesperson for the National Institute of […]

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Marketing

West Shore Home inks $50M deal for Beaver Stadium naming rights

Over the last few years, Mechanicsburg-based West Shore Home has been striving to build a national brand in the historically fractured home improvement business.The company took a major step yesterday toward raising its profile: A 15-year, $50 million deal with Penn State University to stamp the West Shore Home name on Beaver Stadium. The venue is home […]

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Merger unites Lancaster marketing firms

Two Lancaster-based digital marketing agencies have come together as one. But for now, they are continuing to operate under their existing names.The firms are YDOP and WTM Digital, which offer similar services but for different clients. YDOP, which trademarked the term “near-user marketing,” works primarily with companies around ther U.S. seeking locally focused digital marketing. WTM Digital, formerly […]

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Harrisburg marketing firm files bankruptcy

Merit Marketing, a Harrisburg-based advertising and marketing firm, filed last month for Chapter 7 bankruptcy, setting it on a path to liquidation.“The economic times are such the company is unable to survive and operate profitably,” Merit owner Adam Vasquez wrote in an email to biznewsPA. Vasquez has owned the company since 2015, when the firm […]

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CPA giant snaps up Harrisburg’s Andculture

Harrisburg-based Andculture is poised to become part of Chicago-based accounting and advisory firm RSM US LLP.RSM said Thursday it has reached an agreement to buy Andculture, which specializes in marketing strategy, design and technology, Terms of the deal were not disclosed. But it is expected to close June 1, according to a press release. RSM was advised […]

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Real Estate

Harrisburg-area golf course sold to data center developer

A suburban Harrisburg golf course is preparing to swap drivers for data.The Dauphin County General Authority voted yesterday to sell the Dauphin Highlands Golf Course for $45.6 million to a Texas company planning a data center on the 228-acre property in Swatara Township and Steelton.But there’s time for a few more rounds of golf.The sale to an […]

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Firms snag Rite Aid real estate in Central PA

Local and national firms are poised to pick up some of Rite Aid‘s real estate in Cumberland and York counties following an auction held last week as part of the pharmacy chain’s bankruptcy.Two of the properties changing hands are industrial space on the West Shore.Which ones: One is a 78,200-square-foot industrial space at 451 S. St. […]

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York-area plaza fetches $16.4M

A Singapore-based real estate investor has scooped up a shopping center in Dover Township, York County.United Hampshire US REIT said it paid about $16.4 million for the roughly 61,000-square-foot Dover Marketplace, which is anchored by a GIANT grocery store. It’s at the corner of Carlisle and Palomino roads, south of Dover Borough.The plaza is the investor’s third Pennsylvania […]

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Data center boom redefining industrial real estate

A few years ago, the phrase “industrial real estate” likely conjured an image of massive warehouses spreading across the open fields of Central Pennsylvania. Now, the phrase might just as easily bring up images of data centers — buildings packed with computer servers composing your emails and delivering answers to your ChatGPT queries.The announcement of more than $90 […]

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Office interiors biz sold: “We felt like we hit a ceiling”

As client needs evolved in an era of hybrid and remote work, leaders at Phillips Workplace Interiors came to a realization.“We were too big to be small and too small to be big,” said Michael Bistline, a co-owner of the office furnishings and interior services company based in Lower Paxton Township, Dauphin County.He and co-owner Hope Roadcap […]

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Court backs denial of Hershey-area development

A state appeals court last week upheld a decision by local officials to deny a mixed-use development that included a proposed Sheetz store in Derry Township, Dauphin County. Dubbed Governor’s Crossing, the project was proposed for the southwest corner of West Governor and Fishburn roads south of downtown Hershey. But in November 2023, supervisors in Derry Township […]

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Developer closes on former factory sale

The former Frog, Switch & Manufacturing plant in Carlisle has officially changed hands. The Real Estate Collaborative, an arm of the Cumberland Area Economic Development Corp., closed May 29 on its acquisition of the roughly 26.7-acre site at 600 E. High St. The sale price has not yet been recorded in county deed records, and Real Estate Collaborative chair […]

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Carlisle Country Club sold, renovations planned

It wasn’t long after he joined the board of Carlisle Country Club in late 2023 that business owner Mark Toigo grasped the venue’s financial challenges.“It was just burning cash,” Toigo said in an interview with biznewsPA.Rather than see the club and its golf course close, Toigo assembled a group of investors who bought the club in Middlesex […]

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Authority mulls offers for Harrisburg-area golf course

A Dauphin County authority is reviewing six proposals to buy the Dauphin Highlands Golf Course in suburban Harrisburg but is declining to share any additional details.The Dauphin County General Authority requested the proposals after receiving unsolicited bids from entities interested in putting data centers on the 228-acre course in Swatara Township.Authority board chair Barbara Zemlock refrained from offering any […]

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Retail

Weis picks up scrips from 11 Rite Aid stores

Weis Markets has won court approval to take over prescriptions for customers at 11 Rite Aid stores in Pennsylvania and New York, according to a spokesperson for the Sunbury-based grocery chain.The stores include Rite Aid locations in Dover and Hanover, as well as Altoona, Brodheadsville, Fogelsville, Honesdale, Montoursville, Mountain Top, Wellsboro and Williamsport, Weis spokesperson Dennis […]

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Rite Aid files bankruptcy, preps for sale

Rite Aid said yesterday it is filing for Chapter 11 bankruptcy for the second time in two years. While the pharmacy chain emerged as a smaller, leaner company after its last trip through bankruptcy court, it is bracing this time for a sale. “While we have continued to face financial challenges, intensified by the rapidly evolving retail and […]

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Discount retailer to reopen across region

Big Lots is coming back to Central Pennsylvania.The retail brand’s new owner, North Carolina-based Variety Wholesalers, plans to reopen more than two dozen former Big Lots in Pennsylvania over the next two months, including locations in Cumberland, Lebanon, Lancaster and York counties.Variety is reopening three Big Lots on May 1 in Dunmore, Eynon and Lewisburg, followed […]

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CEO departs Mechanicsburg-based donut chain

Four years after taking the helm at Duck Donuts, Betsy Hamm has resigned.Hamm had led the Mechanicsburg-based donut shop franchisor as CEO since it sold a majority stake in April 2021 to NewSpring Capital, a private equity firm based in Radnor.“Duck Donuts appreciates Hamm’s leadership she provided throughout her years with the company,” said a company spokesperson, who […]

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Ollie’s loads up on stores from bankrupt rival

OIlie’s Bargain Outlet Holdings is grabbing another clutch of former Big Lots stores in a bankruptcy auction. Pending court approval and price adjustments from landlords, the Harrisburg-based discount retailer will pay $188,838 for seven Big Lots leases, according to court filings.Two of the locations are in Florida and two are in Missouri, with one each in North […]

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Discount retailer buys former Big Lots leases

Ollie’s Bargain Outlet Holdings is scooping up leases for seven former locations of its bankrupt rival, Big Lots. The stores include one each in Georgia, Illinois and Louisiana and four in Wisconsin, according to court documents. The price is about $620,000, subject to potential adjustments by the landlords.“These stores are the right size, located in good […]

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Harrisburg-area mall sold for $8.8M

A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated.A partnership headed by the developer, Zi Qian “John” Zhang, paid nearly $8.8 million for the mall, which is at 4600 Jonestown Road in Lower Paxton Township, according to county deed records.Zhang is still working on […]

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Ollie’s to roll out loyalty credit card

Ollie’s Bargain Outlet Holdings Inc. is launching a co-branded Visa credit card in partnership with Los Angeles-based fintech Sunbit. The card is designed to build on Ollie’s loyalty program, Ollie’s Army, which has about 14 million members.The card’s features include a $10 statement credit for signing up and extra Ollie’s Army points on purchases at Ollie’s and other […]

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Ollie’s poised to buy stores from bankrupt retailer

A court order is paving the way for Ollie’s Bargain Outlet Holdings Inc. to purchase 11 stores in Texas from discount retailer 99 Cents Only Stores, which filed for bankruptcy in April. A Delaware bankruptcy judge this week approved Ollie’s as a stalking-horse bidder for the properties as part of a court-supervised sale, meaning the company is the […]

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Shippensburg-area plaza sells for $6.6M

A buyer with a growing portfolio of Pennsylvania shopping centers has added another one.A partnership led by Leo Ullman of New York-based retail developer Vastgood Properties paid $6.63 million at the end of April for Shippensburg Marketplace, according to Brad Rohrbaugh, executive vice president and retail director for York-based Bennett Williams Commercial.Rohrbaugh and Bennett Williams […]

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Feds target hiring practices at Sheetz

The U.S. Equal Employment Opportunity Commission is suing Sheetz, arguing that the company’s use of criminal background checks in hiring is discriminatory.The agency noted that Sheetz was not motivated by race in making hiring decisions. However, the agency claims that the convenience-store chain’s hiring practices disproportionately screened out job applicants who are Black, Native American, Alaska […]

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Apple auto biz to be sold

The Stewart Companies has agreed to sell its Apple Automotive dealerships to a Lehigh Valley company, as the York-based holding company focuses on its other businesses,The buyer is Allentown-based Ciocca Dealerships, which operates 42 dealerships and 12 collision centers in Pennsylvania and New Jersey, including in the Harrisburg and State College markets.Apple operates 10 dealerships, six collision centers, two […]

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Regional fireworks retailer sold

One of Pennsylvania’s most illuminating companies is under new ownership.Keystone Fireworks, which has stores across the region, has been acquired by Argonne Capital Group, a private equity firm based in Atlanta. The transaction closed earlier this year, according to an Argonne spokesperson, who declined to provide additional details. Financing was provided by Alignment Credit, a New York-based financing […]

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Report: PA lags on innovation, entrepreneurship

Pennsylvania has many of the ingredients for an economy powered by innovation and entrepreneurship, according to a report released today by Brookings Institution, a prominent think tank in Washington, D.C.However, the state has struggled to bake them into a dynamic, high-growth economy, putting large swaths of Pennsylvania at risk of stagnation, said the report, which offers a […]

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Bertram to leave Giant, Ruane stepping in

The Giant Co. president Nicholas Bertram is leaving the company Aug. 31 to pursue “new opportunities,” the regional grocery chain’s parent company announced yesterday.Bertram, who has been president of Carlisle-based Giant since 2018, did not disclose what those opportunities might be.Giant spokesperson Christy Phillips-Brown described it as a personal decision.John Ruane, Giant’s chief commercial officer, will […]

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Ollie’s hit with overtime lawsuits

Ollie’s Bargain Outlet has joined a string of retailers accused of improperly denying overtime pay to people who hold management jobs in their stores.Two salaried employees in New York have filed lawsuits claiming Ollie’s should have paid them overtime since their duties were “virtually indistinguishable” from those of hourly workers.The suits, filed in a federal court […]

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Technology

Developer details data center plans

One of the companies behind a $6 billion data center project in Lancaster is filling in some of the blanks surrounding the project.Early reports indicated data centers would be constructed at two former printing plants, at 216 Greenfield Road and 1375 Harrisburg Pike. The developers are Virginia-based Chirisa Technology Parks and New York-based Machine Investment Group, which […]

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Where’s the data? Firms mum on York County data center plans

It’s been a week since New Jersey-based investment firm Energy Capital Partners announced it was planning a $5 billion data center in southern York County.But the precise location remains unknown, even to the manager of Peach Bottom Township, where the data center is widely expected to be built.“Your guess is as good as mine,” township manager Catherine […]

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Big tech showering billions on local data, energy projects

Major tech companies yesterday disclosed billions of dollars in new investment in Central Pennsylvania, though some key details remain to be filled in.Data center giant CoreWeave said it plans to sink $6 billion into developing a data center in Lancaster in partnership with a company that recently acquired two former printing plants in the city. A New Jersey-based […]

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Amazon bringing more data centers to PA amid growing concerns over cost

The data center boom made a big bang yesterday in Pennsylvania. Tech giant Amazon said it plans to invest at least $20 billion to build data centers in Pennsylvania, starting with a pair of locations in eastern Pennsylvania.The Shapiro administration described the company’s move as the largest private-sector investment in state history.“This is not just an investment in […]

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Authority tees up potential golf course sale amid data center demand

A suburban Harrisburg golf course is the latest plot of land in the region to draw attention from developers of data centers, power-hungry computing facilities that are vital to the growth of artificial intelligence.Would-be buyers with data centers in mind have shown an appetite for the Dauphin Highlands Golf Course, according to Jeanette Krebs, spokesperson […]

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Heller-linked IT firm sells unit to California company

A California tech firm has acquired portions of a Lancaster-based IT company co-founded by Daryl Heller, the business owner at the center of a legal vortex.The Lancaster company is AVAIL Technology Solutions, which traces its roots to a venture called Premier Management Group. Premier was founded in 1990 by Heller and entrepreneur Bob Horst. But the company, like […]

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PA sites on short list for deep-pocketed startup

Pennsylvania is one of three states where a prominent data-center startup is looking to site facilities, according to a LinkedIn post earlier this week from Sarah Friar, CFO of OpenAI, one of the companies backing the startup.The Stargate Project — also backed SoftBank, computer company Oracle and investment firm MGX — iburst out of the gate last month with a […]

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Developer eyes multibillion-dollar data center campus near Carlisle

Central Pennsylvania is home to big buildings that store stuff. A Virginia-based company is eyeing construction of big buildings that store data, reflecting a national race to boost data center capacity.PowerHouse Data Centers, an arm of Virginia-based American Real Estate Partners, has been discussing a potential multibillion-dollar data center development on a 700-acre tract in Middlesex […]

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Pharma giant plowing millions into Lancaster County campus

Life sciences heavyweight GSK is investing up to $800 million into its Marietta-area campus with plans to boost capacity and produce cutting-edge vaccines targeting illnesses like pneumonia and meningitis.The project, described as the British company’s largest-ever investment in U.S. manufacturing, entails construction of a new 300,000 square-foot facility and refurbishment of an existing building, along with the […]

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Video-display installer sells stake to Lancaster firm

Like many entrepreneurs ready to take their startups to the next level, Josh Dominguez knew he needed more capital.He found a source in PennSpring Capital, a Lancaster-based investment firm.PennSpring said yesterday it has acquired a majority stake in Dominguez’s company, Refresh LED. Based in Hampden Township, Cumberland County, the company designs, installs and services LED video walls.“This is […]

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Other Categories

Barley Snyder

Alice Solomon has joined the Malvern office of Lancaster-based law firm Barley Snyder.With a background in environmental, energy and land use law, she is a member of the firm’s real estate and litigation practice groups.Before joining Barley Snyder, Solomon worked at an environmental law firm based in the Philadelphia suburbs. She has a law degree […]

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Consumer advocates want do-over for price-spiking power auction

Consumer advocates in Illinois, Maryland and New Jersey are asking federal regulators to rerun an auction that is sparking a hike in electricity prices set to take effect in the Mid-Atlantic and Midwest — including Pennsylvania — starting June 1.At issue is the auction process used by regional power grid operator PJM to set the price of electricity in […]

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Elizabethtown beverage brand, distributor sold

T.J. Foltz founded Humankind Beverage in 2011 with a goal of funneling profits from sales of bottled water into a charity bringing clean water to poverty-stricken areas of the world.He’s hoping to make a lot more sales now that the Elizabethtown-based brand — and its regional distribution arm — have been acquired.The buyer is Odeko, a New York-based […]

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West Shore warehouse complex moves forward

Developers have acquired land off the Carlisle Pike in Cumberland County where they plan to build three warehouses.The warehouses will span nearly 2 million square feet under plans approved in 2023 under the previous owner of the property, part of Hempt Farms in Silver Spring Township.The developers — a joint venture between New York-based Rockefeller Group and California-based MBK […]

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Investors sue bank for alleged faulty oversight of Lancaster ATM operator

The flurry of litigation around defunct ATM operator Paramount Management Group and its former principal, Daryl Heller is thickening.Investors in the ATM network are suing a South Dakota bank that signed off on Paramount’s financial condition, alleging the bank should have warned them about shortcomings at the Lancaster-based ATM company.A company that sold ATMs to Paramount is […]

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York insurance agency hews to independent path

It wouldn’t be a story about an insurance brokerage if it didn’t start with the volume of calls asking if the company is for sale.“It’s five a week,” said Mike Harter, CEO of McConkey Insurance & Benefits in Springettsbury Township, York County.But despite a wave of consolidation sweeping through its industry, McConkey is not on […]

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Court backs realty tax exemption

The owner of a Gettysburg-area hotel prevailed in a court case that turned on questions of when to apply a state tax on real estate transfers.At issue was a transfer of properties between entities controlled by the same owner.State tax collectors argued that transfers in 2018 by Kunj Harrisburg LLC, which operates the Eisenhower Hotel & Conference […]

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York-area brewer taps into downtown Lancaster

York County-based South County Brewing is planning to take over the former Pressroom restaurant in downtown Lancaster. The spot at 26 W. King St. will be the third for South County.Founded in 2011, the brewery also has locations in Fawn Grove and York Township in York County.When is this happening: The roughly 22,000 square-foot venue in downtown Lancaster […]

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School board denies tax abatement for York-area sports complex

A York-area school board turned down a request by developer Inch & Co. to secure tax relief for a $35 million sports complex the company is building in North York. York-based company Inch & Co. was asking the Central York School District for relief through the Local Economic Revitalization Tax Assistance program, which phases in property tax […]

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Sales include Camp Hill brownstone, Hanover industrial property

A 3,000 square foot Victorian-style brownstone at 1924 Market St. sold for $585,000 in an investment sale. Built in 1870, the home now is a mixed-use property. Tenants include Beyond Beauty Skin Therapy, a restorative skin care and facial salon, and two residential units. Tyler Matisse of Campbell Commercial Partners represented the seller in the […]

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Mixed-use project is ‘first phase of final phase’ for York tract

Officials in York have toiled for more than two decades to bring development to the Northwest Triangle, a former industrial tract along the Codorus Creek in the city’s northwest corner.They filled in pieces here and there over the years. On Oct. 10, they celebrated what is likely to be the final piece: a mixed-use project […]

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