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Banking & Finance

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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Chase Bank lines up another capital-area branch

As it seeks to boost its retail base nationwide, Chase Bank is planning to open its third office in the Harrisburg area.The branch is slated to open this fall at 2323 Linglestown Road in Susquehanna Township, a Chase spokesperson confirmed, saying more details would be available as the opening date approaches.The New York-based bank, an arm of JPMorganChase, […]

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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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Bank, business owner spar in court over loan

The owner of a Harrisburg-area flooring company and a regional bank are trading allegations in Dauphin County court over the status of a $4 million loan. Mid Penn Bank claims the loan is in default and is seeking a judgement of just over $4 million, plus interest, according to court filings. Scott Appel, founder of flooring manufacturer and […]

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‘We can’t stand still’: Growth-minded bank passing baton to new leader

During the 34 years he’s been a board member at F&M Trust, G. Warren Elliott has seen “too many” community banks disappear in mergers and acquisitions.Elliott, F&M Trust’s chairman since 2012, does not want the Chambersburg-based bank to join their ranks, but he knows the lender will have to work to preserve its independence.“We can’t […]

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Feds indict York tax preparer on bank fraud

A York tax preparer is facing charges for allegedly falsifying applications from businesses seeking loans under an emergency federal program designed to help businesses meet payroll after the Covid-19 pandemic tanked the economy in early 2020. The U.S. Attorney’s office in Harrisburg has indicated tax preparer Dommonick T. Chatman on 20 counts of bank fraud and […]

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Trump order targets funding for nonprofit community lenders

Finanta, a nonprofit based in Lancaster, is expecting millions of dollars from the federal government this year to further its mission, which includes lending to businesses in poor communities.But the federal fund that provides those dollars is among several programs targeted for cuts or possible elimination under an executive order issued late Friday by President Donald […]

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Central PA bank-fraud ring busted

State police broke up a bank-fraud ring that drained more than $3 million from accounts of customers at Members 1st Federal Credit Union, according to a criminal complaint filed in a Cumberland County magisterial district. The credit union, based in Hampden Township, Cumberland County, reimbursed the losses suffered by its members.News of the bust came last […]

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Construction

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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WellSpan, Inch settle sports center lawsuit

WellSpan Health and Inch & Co. reached a settlement in a lawsuit filed last week by WellSpan over a proposed sports complex on which they have been partnering, according to a WellSpan spokesperson and an Inch & Co. executive. The settlement includes transferring ownership of the sports complex site to WellSpan, according to health system spokesperson Ryan Coyle. […]

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Gannett Fleming gets new CEO, new name

More changes are coming to the region’s largest engineering firm. Gannett Fleming TranSystems relocated its West Shore headquarters this year.Now, the firm is getting a new name and a new CEO, the first leader from outside the company.The new moniker is GFT. The new CEO is Mike Orth. He succeeds Bob Scaer, who retired in August following the merger […]

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WellSpan, Inch & Co. splinter over sports center

On a sunny day last September, leaders of WellSpan Health and real estate developer Inch & Co. came together to cement their partnership on a new sports complex in North York.Seven months later, the partnership appears to be coming apart.WellSpan is no longer a sponsor of what was going to be called the WellSpan Sports Complex, according to […]

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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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Lancaster nonprofit juggles trio of housing projects

Chestnut Housing Corp., a nonprofit focused on affordable housing, is bringing one project to completion and shoring up funding for its next venture while laying the groundwork for a third.The project poised to open this summer is an eight-unit affordable housing complex called Milburn Apartments at 607-609 Rockland St. in Lancaster, according to Chad Martin, […]

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Grant backs mixed-use project

A Harrisburg nonprofit has landed a $500,000 state grant for a mixed-use project in Harrisburg’s low-income Allison Hill neighborhood.The $3.3 million project calls for erecting a 15,000 square-foot building at the corner of South 13th and Market streets in Harrisburg, according to Tannon Herman, executive director of Wildheart, the community development nonprofit behind the project, dubbed […]

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Hanover contractor buys concrete company

Conewago Manufacturing LLC, an affiliate of Hanover-based contractor Conewago Enterprises Inc. has acquired Hanover Concrete Co., which has operations in Hanover, Gettysburg and Shrewsbury. Terms of the transaction, which was finalized on April 1, were not disclosed.David Albright, president of Hanover Concrete, is joining Conewago as vice president of ready-mix sales. The combined companies provide ready-mix concrete and […]

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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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Harrisburg planners OK first steps in hospital redevelopment

Harrisburg’s planning commission unanimously approved a plan last week to subdivide the former Polyclinic Hospital campus last week, clearing the way for a developer to begin the first phase of a $45 million mixed-use project in the city’s Uptown neighborhood.The commission also approved a change to the property’s zoning from institutional to commercial neighborhood. However, the […]

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Lancaster hotelier inks deal to bring startup hotel brand to Central PA, Lehigh Valley

A local hotelier is planning to bring a startup hotel brand to Lancaster, York and other towns in Central Pennsylvania and the Lehigh Valley. Shakher Patel, co-founder of Lancaster-based Destiny Partners LLC/Destiny Hospitality LLC has signed a franchise agreement with stayAPT Suites to open five of the brand’s extended-stay hotels.In an interview with biznewsPA, Patel said he hopes to begin […]

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Developer contests sewer fees

A Harrisburg-area developer is sparring with a Lancaster County township and authority over sewer tapping fees assessed on a recent apartment project.In a lawsuit filed at the end of last year, the developer, an affiliate of Lower Paxton Township-based Triple Crown Corp., argues that the fees were excessive, and it demands a partial refund.“They were charged […]

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Board rejects tax abatement for North York sports complex

Local school officials declined to award a tax abatement for a recreational sports center slated for construction in North York. York-area developer Inch & Co. has been asking the Central York school board for local tax relief for the $34.5 million project, which is backed by WellSpan Health. But at a meeting Wednesday evening, the board’s three-member business […]

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Economy

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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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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New overtime rules poised to take effect amid legal challenges

Barring any last-minute legal complications, employers may be paying overtime to more workers starting Monday.July 1 is the date a federal rule lifting the salary threshold for overtime eligibility is scheduled to take effect.Issued by the U.S. Department of Labor, the rule bumps the threshold to $43,888 per year, up from the current level of […]

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New funds aim to chip away at childcare shortage

Framing the challenge of finding childcare as a critical issue for employers, York-area business and nonprofit leaders yesterday unveiled a new program designed to encourage fresh thinking on the years-old problem.The program, called Every Child Has Opportunities, or ECHO, plans to dole out $700,000 in grants this spring to expand the number of home-based childcare providers […]

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entrepreneurship

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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Deal for Lanco tiny-homes startup changes shape

The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack.Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger.The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018.But the two sides […]

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Food

Cargas

Cargas has promoted two staff members to lead its newly formed enterprise solutions business unit, which combines teams responsible for servicing clients with cloud-based accounting, ERP, CRM, custom-developed and data solutions.Lauren Dissinger has been named senior director of sales and customer experience for enterprise solutions. Dissinger, who has worked at Cargas for 10 years, was […]

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Bank to close Lancaster-area branch

Wells Fargo is shuttering a branch at 305 Rohrerstown Drive in East Hempfield Township, Lancaster County. The San Francisco-based bank plans to close the office on Sept. 24 and transfer deposits to a branch at 574 Centerville Road, also in East Hempfield.Wells Fargo has been closing offices in some areas and opening them in others, including Chicago […]

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York County History Center

Benjamin Neely has been named president and CEO of the York County History Center effective July 14. He succeeds Joan Mummert, who retired in April after leading efforts to establish a new $30 million history center in a former steam plant in York city.Neely worked most recently as CEO of the Berks County History Center in Reading and […]

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Winery seeks another day in court

A York County winery wants another shot at convincing a state appeals court to take its side in a long-running dispute with neighbors who want to shut it down. Moon Dancer Vineyards & Winery is asking Superior Court to reconsider the case after judges ruled against the winery earlier this month.The appeal hinges on legal issues stemming from […]

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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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WITF parent approves 6-month budget amid fiscal challenges

Facing financial headwinds, the board of the nonprofit parent of public media outlet WITF yesterday adopted a budget for half of its next fiscal year as it weighs potential changes to operations, including its Lancaster County newspaper.The nonprofit, called Pennon, is bracing for potential cuts to its federal funding while its newspaper operations under the umbrella of Lancaster-based LNP […]

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New apartments unveiled in Harrisburg

LeSean McCoy, a former NFL star and Harrisburg native, joined state and local leaders yesterday to mark the opening of JMB Gardens, a $16.7 million affordable apartment community at North Sixth and Emerald streets in Harrisburg.McCoy developed the 41-unit community through a partnership called Vice Capital LLC. Vice also is developing a 48-unit mixed-use project called […]

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North Group Consultants

North Group Consultants, a management consulting firm based in Lititz, has undergone changes in leadership and ownership. In April, North Group CEO Roger North stepped out of both ownership and leadership roles in the firm he launched in 1997.North, formerly the firm’s CEO, is continuing to work part-time as a consultant, according to North Group […]

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Horst Insurance

Eric Kyler has been named president and CEO of Horst Insurance, an insurance agency in Manheim Township, Lancaster County. He succeeds David King, who has led the agency since the early 2000s.Kyler joined Horst in 2017 as a commercial account executive and was promoted to vice president of sales, his most recent role. He is a […]

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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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Boyer & Ritter LLC

Bethany M. Spencer has rejoined Boyer & Ritter LLC as a senior associate.Spencer worked for the accounting and consulting firm early in her career but left in 2021 to assist industrial services firm Powder Metal Goldschmidt in developing and implementing an internal control process. She later became an assistant professor of accounting at Juniata College, […]

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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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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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Government

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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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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Court upholds reimbursement for CBD oil

Pennsylvania’s top court has backed the right of injured workers to reimbursement for CBD oil as long as it’s included in a doctor’s plan for treating their injuries.The unanimous ruling from the Pennsylvania Supreme Court comes in a case that has been winding through administrative and legal processes since 2019.Among the issues was whether CBD […]

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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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Lawmaker pitches power plan

A state lawmaker is seeking support for legislation that would make it easier for regulated electric utilities to invest in and possibly own power plants, an idea recently floated by executives at Allentown-based PPL Electric Utilities.The concept responds to growing concerns that the electric grid is not adding enough new power to accommodate a surge in demand […]

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Health Care

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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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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WellSpan, UnitedHealthcare partially sever ties

Facing an Oct. 31 deadline for negotiating new reimbursement rates, WellSpan Health and UnitedHealthcare hammered out a last-minute deal to extend some of their agreements but ended one of them.The two sides said Thursday night they were unable to reach an agreement on employer-sponsored health plans, but they agreed to extend the deadline for negotiating over Medicare […]

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York-area winery faces call to shut down after losing legal appeal

Time may be running out for Moon Dancer Vineyards & Winery, a York County venue wrangling with neighbors who want to shut it down, arguing that its operations violate local land-use restrictions.Superior Court of Pennsylvania, a state appeals court, sided with the neighbors — Matthew Balsavage and Amanda Perko — in a decision published last week.The […]

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Pittsburgh law firm opens Lancaster office

Pittsburgh-based law firm Dickie McCamey & Chilcote has opened an office in Lancaster after plucking two attorneys from Barley Snyder. The office at 100 N. Queen St. is Dickie McCamey’s 20th overall and seventh in Pennsylvania.Staffing the Lancaster office are managing attorney and shareholder Luke Weber and associate Tasha Stoltzfus Nankerville. Weber chaired Lancaster-based Barley Snyder’s healthcare […]

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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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Lawsuit accuses high-profile Lancaster chef of misusing restaurant funds

A lawsuit is accusing one of Lancaster’s culinary stars of misappropriating money earned by the restaurant and bakery that he and a partner opened nearly a decade ago.The restaurant is Bistro Barberet & Bakery, which has garnered international acclaim since opening in 2015 at 26 E. King St. in Lancaster.In the lawsuit filed this week, the […]

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Manufacturing

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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Facing blowback, York County paper biz pauses plant closure

Following a fierce public outcry from elected officials in Ohio, Spring Grove-based papermaker Pixelle Specialty Solutions LLC is hitting pause on plans to close its factory in Chillicothe, about 100 miles east of Cincinnati.Pixelle said last week it planned to close the plant over the next several weeks.The move threatened to idle the 800 people who work there, […]

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York County papermaker closing Ohio plant

Spring Grove-based papermaker Pixelle Specialty Solutions LLC said yesterday it is closing its plant in Chillicothe, Ohio, where about 800 people work. The move follows Pixelle’s sale earlier this month of a Wisconsin plant that employs about 260 people.“Each decision regarding Pixelle operations has been made after careful evaluation of what is best for the […]

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Lancaster manufacturer winding down Philly subsidiary

Lancaster manufacturer Burnham Holdings Inc. is planning to wind down a subsidiary operating out of a plant in Philadelphia. Burnham’s move to shutter its subsidiary Crown Boiler is designed to streamline company operations and enhance efficiency. But it also reflects rising demand for more efficient boilers made by other Burnham subsidiaries, including U.S. Boiler, New Yorker Boiler and Velocity Boiler Works.Crown Boiler did not […]

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York County mulch business changes hands

A York County contractor has sold its mulch and soil division to a conglomerate that has been scooping up similar operations around the U.S.The deal includes mulch production facilities in West York Borough and Jackson Township, where the contractor, H&H General Excavating Co. is based.The buyer is Atlanta-based Oldcastle APG, a unit of Ireland-based building materials giant CRH. Terms […]

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Capital-area manufacturer closing California plant

MITER Brands, a Harrisburg-based window and door manufacturer, plans to shutter a factory in Simi Valley, California, in early June and shift operations to plants in Arizona and California where the company has invested in expanding production, according to company spokesperson Nick Board. The Simi Valley plant, which is about 225,000 square feet, employs 397 people, […]

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Screen manufacturer buys Pittsburgh-area firm

The RiteScreen Co., an Elizabethville-based manufacturer of window and patio door screens, has acquired FlexScreen, a western Pennsylvania company that developed a flexible window screen. A RiteScreen spokesperson declined to disclose the terms of the transaction.FlexScreen’s flexible screens are designed to simplify installation and removal. But it is a relatively small player in the building products market: […]

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‘Why not give it a shot’: Franklin County manufacturer changes hands

Jim McCleaf was ready to pounce after talking to Wiliam Bowers, the owner of Waynesboro-based manufacturer Pro Tube.Bowers wanted to retire and hoped McCleaf and his wife, Susan, would buy the company, which makes hydraulic, mechanical, exhaust and air-intake tubing.Susan McCleaf suggested a more methodical approach, and the couple spent some time learning about Pro Tube’s […]

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Lanco manufacturer merged with Tennessee firm

After buying Lancaster County-based ATI Corp. in October 2023, a Houston-based private equity firm began investing in the manufacturer’s future.The investments have bolstered ATI’s sales force, production processes, and research and development, said Ryan Martin, a managing partner at the private equity firm, LDR Partners LP. Now, LDR is investing in ATI’s leadership.How: Through a merger between ATI […]

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Regional factory jobs stable, but uncertainty looms

After the disruption of the Covid-19 pandemic, the job market is returning to normal for manufacturers in Central Pennsylvania, according to a recent survey by their regional trade association.However, manufacturers face an uncertain year ahead as they absorb the potential for new tariffs promised by President-elect Donald Trump.Depending on how they are applied, tariffs could […]

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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

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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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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School district to buy vacant office

A Dauphin County school district has agreed to buy a vacant office building at 4401 Deer Path Road in Susquehanna Township.Due to overcrowding in its existing spaces, the Susquehanna Township School District plans to use the 102,000-square-foot building for offices and classrooms, district superintendent Tamara Willis said in an interview with biznewsPA. The lender-owned property is […]

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Carlisle factory rehab snares state funds

Officials in Cumberland County cleared a major hurdle yesterday in their efforts to redevelop a former factory at the edge of Carlisle.They were awarded more than $10.2 million from a state program designed to prepare former industrial sites for reuse.“We’re super excited,” said Andrew Notarfrancesco, chair of the Real Estate Collaborative, a subsidiary of the Cumberland Area […]

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York-area industrial property goes for $7M, gets new tenant

A York County industrial property is changing hands and changing occupants.West Shore developer Drew Bobincheck paid $7 million for a tract at 3490-3510 Board Road in Manchester Township that includes a roughly 143,700-square foot building, according to county deed records. It also includes two small rental homes.The seller was an entity affiliated with Cardinal Systems, a […]

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Authority eyes purchase of former Lancaster factory

The Lancaster City Revitalization & Improvement Zone Authority is putting together an offer to buy a former meat processing plant at 652 Manor St. and related office building at 655 Manor, according to Jeremy Young,  the authority’s acting managing director. The properties were home to Kunzler & Company but closed last year after the company was acquired by […]

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Regional retail portfolio on the block

A portfolio of 16 shopping centers across Central and eastern Pennsylvania is hitting the market.The centers, including some in Cumberland, Lebanon and York counties, are managed by Vastgood Properties LLC, a Port Washington, New York-based firm that owns them alongside other investors, according to Vastgood CEO Leo Ullman. Ullman referred questions about the sale listing to the broker, Chris […]

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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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Industrial building sells for $9M

An industrial park in northern York County has attracted another out-of-state investor.An affiliate of New York-based real estate investment firm The Lightstone Group paid $9 million for an industrial building at 503-509 Industrial Drive in the Fairview Industrial Park in Fairview Township, according to county deed records. The seller was an affiliate of High Street Logistics Properties, a Boston-based […]

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As buying season nears, rates weigh on regional housing market

The residential real estate market is poised to enter the traditionally busy spring and summer season. But buyers in Central Pennsylvania are still waiting for interest rates to slide before making the move to a new home, according to local real estate agents and lenders.The hesitation is showing up in statistics showing homes sitting on […]

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Harrisburg-area mall up for sale again

The Colonial Park Mall, a suburban Harrisburg retail destination being eyed for redevelopment, is back on the market.The 31-acre mall property, which changed hands last fall at a price of $8.8 million, is listed for sale by R.J. Brunelli & Co., a real estate firm based in Old Bridge, New Jersey.“We’re currently marketing it to developers,” Mario Brunelli, an […]

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West Shore office building changes hands

A local firm paid $10 million for a renovated office building on the West Shore.The building at 275 Grandview Ave. in East Pennsboro Township was owned by a partnership headed by developer Drew Bobincheck. He sold it this week to an affiliate of Select Capital Commercial Properties LLC, a Mechanicsburg-based real estate investment firm that has acquired other […]

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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

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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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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State opens portal for reporting data breaches

Pennsylvania’s attorney general has set up an online portal where companies in Pennsylvania will be required to report data breaches under amendments enacted this year to the state’s breach notification laws. Signed into law in June, the amendments require companies to report breaches that affect at least 500 Pennsylvanians starting Sept. 26.In preparation for the […]

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Data breach at Geisinger vendor affects 1M patients

Danville-based Geisinger health system this week disclosed a data breach that could affect more than a million of its patients.In its disclosure, Geisinger said it learned on Nov. 29 that a vendor’s former employee had accessed patient information two days after being fired.The vendor, Microsoft subsidiary Nuance Communications, cut off the ex-employee’s access to Geisinger records, notified law enforcement […]

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PennSpring-backed firm scoops up virtual paralegal service

Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital, is branching out.The virtual-assistant service has acquired Del.Trust, a company that offers virtual paralegal services to attorneys and law firms nationwide. Terms of the transaction were not disclosed.Del.Trust founder Jaclyn Foster is joining Zirtual as president of its newly established paralegal services division.“She is the ideal leader […]

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York fiber company co-founded by rock stars unloads assets

United Fiber & Data, a York-based fiber optics firm that once promised to bring jobs and data centers to eastern Pennsylvania, is selling “substantially all” of its assets to a New York-based company.Those assets include the signature project of United Fiber & Data, or UFD, a company founded in 2012 by former members of the […]

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Lanco financial firm merges with Denver peer

The slowdown in home lending has challenged banks and mortgage brokers over the last year. But it has created opportunities for the firms that offer them advice and technology to improve their operations.It is those opportunities that helped spur a merger for Teraverde, a financial software and consulting company based in East Hempfield Township Lancaster County. The […]

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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

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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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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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Nonprofit lender lands $40M in tax credits to back projects

Community First Fund has been awarded $40 million in new market tax credits, which it can use to support economic-development projects around the region. The credits are awarded annually by the U.S. Treasury on a competitive basis. Based in Lancaster, Community First was awarded $30 million in new market tax credits last year.Those credits are helping to […]

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