Subscribe to our newsletters!

The Latest News

Banking & Finance

Bank claims could complicate recovery for ATM investors

Investors hoping to recover money from Lancaster-based ATM operator Paramount Management Group are facing a new hurdle.In a legal filing this month, a Berks County bank claims it has a stake in some of Paramount’s ATMs, as well as any revenue they may be generating.Customers Bank is asking a Lancaster County judge to stay an earlier court agreement […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Financial firm names new president

The proverbial corner office at Conrad Siegel has a new occupant.The employee benefits consulting and investment advisory firm in Susquehanna Township, Dauphin County has named Abigail Fortino as its next president, effective Jan. 1. She was also named chair of the firm’s management committee.She succeeds Mark Bonsall, who had been president of the firm since 2011. Conrad Siegel […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Chambersburg bank unveils new leader

Franklin Financial Services, the Chambersburg-based parent of F&M Trust, is rolling out a succession plan for its retiring chief executive.The bank has tapped Craig Best, the former CEO of a Scranton bank, as its next leader effective Jan. 14, according to a regulatory filing.Best, 64, is succeeding Tim Henry, who announced in November that he would retire on April […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Order finds ATM operator in contempt

A court order on Friday gave some relief to investors in Paramount Management Group, a financially strapped ATM operator based in Lancaster.But the order did not give the investors everything they wanted.Notably, it stopped short of ordering Paramount to hire a forensic auditor to help recover funds for the investors, who argue they are owed tens […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

New Cumberland wealth advisory sold

Since it was founded in 2019, Zimmermann Investment Management & Planning in New Cumberland has grown to more than $700 million in assets under management.But if it wanted to keep growing at the same pace, it needed a partner, said Curt H. Zimmerman, founder and president of the company. “We just needed a different way to […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Hearing raises new questions for beleaguered ATM network

Is it fraud or a failing business?That was one of the questions hanging over a court hearing held yesterday morning to consider contempt charges against Paramount Management Group, a Lancaster-based ATM network being sued by its investors.The investors want Paramount held in contempt for its alleged failure to abide by a court order issued earlier this month.Under […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

$15M gift to speed growth of Lancaster-based lender

Earlier this year, leaders at Lancaster-based Finanta Credit Union put together a five-year growth plan.Thanks to a $15 million gift from a familiar benefactor, the plan is likely to move much faster.Finanta was one of 199 organizations nationwide to receive donations this year from MacKenzie Scott, the ex-wife of Amazon CEO Jeff Bezos and a growing philanthropic force.In 2020, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Legal woes mount for Lancaster-based ATM operator

Claims against a Lancaster-based ATM network took on new forms during a roughly one-hour hearing held Friday afternoon in a Lancaster County courtroom. An attorney representing disgruntled investors in the network raised concerns about money flows involving the network’s operator, Paramount Management Group, and questioned whether the operator had inflated the number of ATMs it owned.The attorney, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Studies see benefit in state-run retirement savings

State-backed retirement plans, which have been proliferating around the U.S., appear to boost savings among workers, according to a study released yesterday.Workers are 20% more likely to contribute to a retirement savings account if they work at a business in a state that has an auto IRA program, according to the study, undertaken by payroll […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

F&M Trust leader sets retirement date

Tim Henry is planning to retire effective April 29 as president and CEO of Chambersburg-based Franklin Financial Services Corp., parent of F&M Trust. “It was time,” said Henry, who will turn 67 next year.The bank is in “great shape,” he added, making it a good time to step away. He also plans to leave his role as […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Mid Penn to buy flagging Philly-area bank

Mid Penn Bancorp is deepening its reach in southeastern Pennsylvania and South Jersey with the acquisition of a Bucks County bank that has been squeezed by high interest rates.Harrisburg-based Mid Penn has agreed to pay about $127 million for Bristol-based William Penn Bancorporation. The all-stock deal is slated to close in the first half of 2025, pending shareholder […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

What led a York bank to sell

Traditions Bank earned record profits in 2020 and 2021. But when interest rates shot up between March 2022 and July 2023, the York-based bank ran into financial headwinds that called into question its ability to remain independent without cutting staff and trimming plans for growth.The resulting discussions among bank executives and directors led to the deal announced […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Retirement clouds leadership succession at regional bank

An early retirement is throwing off leadership succession plans for one of the region’s largest banks.Craig Kauffman, who was in line to take the top job at Orrstown Financial Services next year, retired as of Sept. 30, according to a Sept. 25 securities filing from the bank.Kauffman, Orrstown’s COO, decided to retire due to personal reasons and not […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Credit union to move Harrisburg branch to West Shore

PSECU is seeking permission to relocate its branch in Strawberry Square in downtown Harrisburg to a former FNB branch at 1249 Market St. in Lemoyne, according to a filing by the Department of Banking and Securities.The Harrisburg-based credit union picked the West Shore location, in part, because it is more accessible and convenient, said Adam Stewart, the credit union’s […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Community banks in northcentral PA to merge

Mifflinburg Bancorp and Northumberland Bancorp, a pair of small community banks in northcentral Pennsylvania. said yesterday they are combining in a merger of equals valued at $34.2 million. The all-stock deal is expected to close in the first half of 2025.Mifflinburg Bancorp has assets of about $568.5 million and operates seven branches in Mifflinburg, Lewisburg, Millheim, Milton, Selinsgrove […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Fulton edges past PNC for market-share lead

A seven-county swath of Central Pennsylvania has a new No. 1 when it comes to bank deposits.Lancaster-based Fulton Bank has eclipsed longtime leader PNC Bank for the top share of deposits in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon and York counties, according to the latest data from the Federal Deposit Insurance Corp.As of June 30, Fulton had 15.44% of […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PPL eyes $131M power-line project in southern York

Ripples from the data-center revolution are continuing to wash over Central Pennsylvania.The latest ripple is a $131 million project from PPL Corp. designed to upgrade power lines and build a new switchyard in southern York County.The project is designed to improve reliability of the electric system in light of growing demand, including from data centers, in […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Developer eyes townhomes on former Dentsply campus

It has been nearly a year since the former Dentsply campus in York city changed hands, fueling hopes for the property’s redevelopment.Hopes are now turning into blueprints.Developer York Realty Partners LLC has outlined plans for 62 townhomes on a portion of the 17.3-acre campus.The townhomes, dubbed the Towns at York Creek, would rise on parking lots behind former Dentsply facilities […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court tosses developer’s lawsuit over township fees

Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits.Harrisburg-area developer Triple Crown Corp. took its questions all the way to Commonwealth Court, where it argued that fees charged by Lower Allen Township in Cumberland County for two apartment projects were unreasonable and unconstitutional.The case was thrown out […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

West Shore construction supplier sold

Valley Supply Inc., a Mechanicsburg-area distributor of concrete accessories, fabricated rebar, chemicals and safety products for the construction industry. The company has been acquired by White Cap, a growing, Atlanta-based construction supplies distributor. Terms of the transaction were not disclosed, but Valley Supply will continue under its own name and existing leaders, Harvey Sipe and Linda […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Regional projects land state funding

High-profile construction projects around the region are in line for millions of dollars in state funding under grant awards disclosed Friday.Beneficiaries include a proposed sports complex in North York, a residential project underway in Lancaster County and the planned makeover of Harrisburg’s former federal building.They are among more than 400 projects statewide awarded nearly $600 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

State testing $10M program to boost housing supply

State officials yesterday unveiled a pilot grant program designed to fund mixed-use projects with a residential component.State officials see the $10 million program as a first step in addressing the shortage of affordable housing in Pennsylvania, a shortage that is drawing attention at every level of government.Funding is available for preparing sites for development, converting […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Developer appeals ruling that blocks York-area warehouse rezoning

Inch & Co. is appealing a York County court ruling that blocks the company from building a warehouse on land south of Route 30 in Manchester Township.The move continues a nearly two-year-old battle over the 52.7-acre site, which borders the Prospect Hill Cemetery.Some neighbors have opposed the warehouse plans since they became public, arguing the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Houck exec aims to bring down suicide risk in construction

After her older brother died by suicide nearly 20 years ago, Kara McCaffrey felt drawn toward efforts to prevent others from following.“It’s just something that I’ve always cared about,” said McCaffrey, whose family owns Houck Group, a regional construction contractor based in West Hanover Township, Dauphin County.The personal became professional when she started working in […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Inch & Co., WellSpan break ground on $35M sports complex in North York

After about two years of planning, Inch & Co. held a ceremonial groundbreaking for a $35 million sports complex in North York, a facility expected to draw hundreds of thousands of visitors to the county each year and spark millions of dollars in economic impact.The event yesterday drew more than 150 guests, including leaders from York-based WellSpan […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deal broadens reach of equipment dealer

A Harrisburg-area construction equipment dealership is extending its footprint southward through the acquisition of a company with offices in Maryland and Virginia.Stephenson Equipment Inc. said last week it purchased Valley Supply & Equipment, a business founded in 1982 by Howard Klein and last owned by his two sons, Adam and Brandon.Terms of the transaction were not […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

$450M project taking shape on former state hospital grounds

The grounds of the former Harrisburg State Hospital are heading for a makeover.The Pennsylvania Department of General Services yesterday unveiled plans to build a $450 million laboratory complex on the 30-acre property, which has been mostly vacant since 2006. The project includes a new $325 million, 300,000 square-foot joint lab to be shared among the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Former Harrisburg law office headed for residential conversion

A New York City investor has acquired a former law office on North Front Street in Harrisburg and plans to convert the former mansion into an eight-unit apartment building to be called Front Street Lofts.The investor, a family office called Generational Wealth Organization that also has a presence in California, paid $633,000 for the building.It had been […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Financing is among ‘biggest challenges’ for Lancaster rehab

Business owner Jared Mizrahi is planning a $5 million makeover of a mixed-use property in downtown Lancaster.He just needs to finalize the financing.A big piece came through last month in the form of a low-interest $1.4 million loan from the state’s Building Pennsylvania program, arranged by Lancaster-based EDC Finance.Mizrahi said he is hoping to close soon on […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Camp Hill firm combines with K.C. peer

Engineering firm Gannett Fleming is roughly doubling in size thanks to a merger with a Kansas City, Missouri-based peer, TranSystems. Together, the two private equity-backed firms create a business with more than 5,000 employees and annual revenue of about $1.3 billion. Terms of the transaction were not disclosed.For Camp Hill-based Gannett, the deal continues a path of growth that […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Nonprofit plans $65M senior-living campus in northern York

Messiah Lifeways is planning to build a new campus in northern York County, with a groundbreaking slated for October. The campus will occupy 85 acres of farmland tucked into a bend of the Yellow Breeches Creek in Fairview Township, about 10 minutes from Camp Hill.Based in Upper Allen Township, Cumberland County, Messiah paid $5.9 million last year […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

A speed bump for PA job growth?

Pennsylvania employers added more than 111,000 jobs in 2023, pushing the number of nonfarm jobs to a new state record, nearly 6.2 million, according to the Department of Labor & Industry.The jobless rate, meanwhile, was at 3.5%, down from 4.3% a year earlier. But things may not be as healthy as they look. Pennsylvania could be […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

A peek behind the state plan for economic growth

Earlier this year, Gov. Josh Shapiro rolled out a plan for economic development in Pennsylvania that is expected to unfold over the next decade. Progress is likely to be measured in shorter increments of time.State lawmakers, who are being asked to fund parts of the plan, could start asking for results by next year.And therein […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Guv pitches new strategy for PA economy

Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in BethlehemThe 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and businesses […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Retailer to shutter York-area warehouse

Workers at a York-area distribution center are the latest casualties in GameStop‘s effort to cut costs and rebuild profits. The Texas-based video-game retailer is planning to shutter its 700,000 square-foot warehouse at 20 Leo Lane in Manchester Township and lay off the 155 people who work there, according to a notice sent this week to state […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Carlisle-area warehouse linked to Apple set to close

A Carlisle-area warehouse that has served as a destination for Apple products is slated to close in March, idling nearly 500 workers. German company DB Schenker told state and local officials this week it plans to close the warehouse at 45 Logistics Drive in South Middletown Township. In a statement, a company spokesperson cited the expiration of a customer […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Contractor to lay off workers at Amazon sites

A vendor is laying off nearly 300 workers after Amazon ended its contract to provide janitorial and facilities services to eight of the ecommerce giant’s warehouses in Pennsylvania, including four in Cumberland and York counties, according to a notice filed with the state. South Carolina-based Newbold Services LLC plans to lay off 294 people as of March 5, according […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PUC TO PROBE REQUEST FOR DOUBLE-DIGIT WATER HIKE

State regulators plan to take a closer look at a double-digit rate increase being sought by Pennsylvania American Water to cover investments in its water and sewer systems. The move was approved yesterday in a unanimous vote by state utility commissioners. As a result, the increase will be suspended for up to seven months while officials from the Pennsylvania Public Utility […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PODCAST: INCLUSIVE HIRING

When Michael Coy joined Wolfgang Confectioners as its workforce development manager, the candy maker employed about five people who spoke Spanish. Now, the Loganville-based company employs more than 100, a change Coy attributes to the company’s willingness to listen to employees and meet their needs, regardless of their background and experience. Coy shares Wolfgang’s experience […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Logistics

Supply chains used to be something of an afterthought for most companies. They would fix it and forget it.But over the last couple of years, supply chains have emerged as a critical element of business strategy, in part because they have been so hard to get right.In this episode of the York County Economic Alliance […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Effort aims to diversity city contracting

The city of Harrisburg spent about $150 million on contracts for goods and services between 2017 and 2021.Slightly more than 7% of the total went to Black-, women- veteran-, and other minority-owned contractors, according to estimates in a study published last fall on contracting disparities in Pennsylvania’s capital. If spending had been in line with the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lancaster ag firms scoop up farm assets

A longtime Lancaster County farming family has sold off most of its operations to a pair of local ag companies.The Esbenshade family sold its feed mill, swine operations and related properties to The Wenger Group and its shell-egg operations to Kreider Farms. Terms of the transactions were not disclosed in yesterday’s announcement of the two deals. The Esbenshades, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: The business of farming

Advanced technology is sowing the seeds, often literally, for the future of farming. Automated and AI-powered tools can plant seeds, assess crop health and pick the finished product from the field — or greenhouse.But technology alone won’t save farmers. They also need to rethink and reinvent their business models.This edition of the YCEA podcast, produced […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Workforce Development

Business leaders may be wondering where they will find the skilled people they need to keep their companies running and growing in the years ahead.This edition of the YCEA podcast, produced in partnership with biznewsPA, offers perspective from those in the trenches of training. It features Pedro Rivera, president of Thaddeus Stevens College of Technology […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

New state park designated along Susquehanna

Amid a broader push to boost the outdoors economy in Pennsylvania, a new state park is coming to the banks of the Susquehanna River in York County.The tentatively titled Susquehanna Riverlands State Park is one of three new parks unveiled yesterday by Gov. Tom Wolf and Department of Conservation and Natural Resources Secretary Cindy Dunn.The […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Arts and the economy

When Covid-19 struck in March 2020, it upended the livelihoods of people who built careers around art, music, theater and other cultural pursuits that thrive on live audiences.Arts and culture are bouncing back, like other sectors of the economy. But they still have some ways to go to reach their pre-pandemic state, according to Karl […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Welcoming Workplaces

Last fall, the York County Economic Alliance rolled out an initiative called Welcoming Workplaces. Its end goal is to promote inclusion, diversity and shared prosperity in the region.But the initiative also involves something of a journey for the organizations that have elected to take part.Marissa Bankert, executive director of IEC Pennsylvania; Anika Jackson, vice president […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Program aims to shower capital on small biz in PA

Pennsylvania’s small businesses are in line for a capital infusion of nearly $268 million under a program announced July 18 by the Wolf AdministrationThe money is coming from the federal government via the American Rescue Plan ActBut it will be distributed by the state, specifically the state Department of Community and Economic Development.Other hands also […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

York venture fund adds to portfolio

A York-based venture fund has added to its portfolio of regional startups as it aims to bolster entrepreneurship in Central Pennsylvania.Founded in 2020, White Rose Ventures disclosed an inaugural round of investments in four companies earlier this year.At the end of last week, it unveiled investments of nearly $1.3 million in three more startups.Which are: ReturnLogic, Evermind and TEAMology.Based in Carlisle, ReturnLogic is a software firm […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

For Lititz VR firm, sale is path to scale

After striking a deal with ViacomCBS, now Paramount, Lititz-based MajorMega created a virtual-reality game based on popular cartoon character SpongeBob SquarePants and the undersea world of Bikini Bottom.The two-person arcade game debuted at a convention in Orlando, Florida, said Michael Bridgman, a co-founder of the gaming company. “It was really well-received and we got a […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Statewide venture fund makes first investments

Four months after taking the field, a statewide venture fund is taking its first shots.The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which helps […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Edtech startup hires revenue chief

TEAMology, an education technology startup based in Chambersburg, has hired Gretchen Thompson as its first-ever chief revenue officer, where she will lead sales, business development, strategic partnerships and marketing initiatives.Thompson has held sales, marketing and leadership positions for a number of education-related startups, including ClassLink, Qwizdom and Vizzle. She worked most recently for Baltimore-based Allovue, which developed finance software for […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Growing Lititz firm adds minority investor

The Benecon Group, has sold a minority stake to the private equity arm of New York-based investment giant Neuberger Berman.Terms of the transaction — described as “a significant minority investment” — were not disclosed. A Neuberger spokesperson declined to comment beyond the press release.Neuberger joins an ownership group that includes majority owner TA Associates, a Boston-based private equity firm […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Doceo leader talks succession, expansion

When John Lewis interviews younger job applicants these days, he fields questions he did not typically hear a decade ago.Applicants are asking more pointed questions about the future of Doceo, the regional office equipment and IT services company that he leads as president and CEO.“There’s no question that, when we are talking to younger talent, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deal could take Lanco tiny-home firms public

A tiny-home startup in Lancaster County is poised for the big time.A publicly traded shell company has agreed to buy Tiny Estates LLC and two related companies, Endeavor Tiny Homes LLC and Tiny Communities Fund LLC. The companies are led by CEO Abby Shank, a former KPMG auditor-turned-entrepreneur who started a tiny-home community outside Elizabethtown in 2018. Shank, who went on to build […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Realty startup focuses on second-chance renters

Chris Dreisbach believes in second chances. He has made the most of his after succumbing to substance-use disorder and landing in jail in his native Lehigh Valley. The path to recovery led Dreisbach to a halfway house in Lancaster County, where he has since built a life, several businesses and a reputation as someone passionate […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PA STARTUP TAPS INTO THE POWER OF HOME INSPECTIONS

Home inspectors gather reams of information as they poke around houses that are about to change hands.In some cases, the information prompts buyers to back out of a deal or demand concessions, such as a new roof or a lower price.But in many cases, the information is simply dumped into a binder or PDF, rarely […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

New PA venture fund in the works

Two regional venture capital firms are joining forces to raise a new investment fund that will funnel early-stage capital to startups across Pennsylvania, with a focus on rural areas of the state. State College-based 1855 Capital and York-based White Rose Ventures hope to raise about $40 million for the new fund, dubbed Keystone Innovation Fund II, which they will co-manage. […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

VC firms land government funding

State officials are directing federal funds toward venture capital firms they hope can jumpstart early-stage tech companies in Pennsylvania.The firms are Allegheny County-based BTVC Fund I LLP, which is receiving $1.5 million, and Atlanta-based Metallum Ventures LP, which is getting $2.25 million. The funding, announced yesterday, comes from the State Small Business Credit Initiative, a federal program that is […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Hotel company Hersha poised to go private

A publicly traded hotel company founded in Harrisburg is going private in a deal valued at roughly $1.4 billion.Hersha Hospitality Trust, now based in Philadelphia, has agreed to be acquired by KSL Capital Partners, a Denver-based private equity firm that specializes in travel and leisure businesses. Under the deal, KSL is paying $10 per share for […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Group pitches region as health-tech hub

Can Central Pennsylvania become a hub for innovations in telemedicine and other health care technologies?That’s the hope of a new consortium coming together to craft a plan for getting us there. The group includes a who’s who of local economic development agencies, health systems, colleges and private-sector players, including Lancaster-based Emerald Asset Management and Siemens Medical Solutions USA. But […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Black-owned firms tapped for legal services program

McNees Wallace & Nurick has picked 10 small, Black-owned businesses to receive free legal services in the third annual installment of the Harrisburg-based law firm’s program to overcome barriers to business growth and success.The small businesses, introduced last week at a reception at the King Mansion in Harrisburg, hail from across Central Pennsylvania, as well as […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Support for diverse entrepreneurs

While much has been said about the barriers faced by women in business, you are likely to come away surprised nonetheless by what Sandy Bialek, Jen Heasley and Ashana Taylor have to say.The three York County women share their experiences as entrepreneurs in this edition of the YCEA Podcast, produced in partnership with biznewsPA.Bialek is […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Text marketing firm moves to Lancaster

Last fall, Lancaster-based private equity firm PennSpring Capital bought a majority stake in Mobiniti, a text marketing firm based in Wilkes-Barre.This week, a PennSpring entity paid $1.55 million for a building in Lancaster where it plans to relocate the operations of Mobiniti, which employs about 20 people.The move brings Mobiniti closer to PennSpring, which offers support to the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Dame Leadership snaps up employee-assessment firm

Harrisburg-based management consulting firm Dame Leadership is hoping to take its services nationwide after acquiring an employee-assessment company with clients around the U.S. Dame Leadership said this week it has acquired Success Performance Solutions, a company born in Lancaster but now based in the Lehigh Valley. Terms of the deal — Dame Leadership’s first-ever acquisition — were not disclosed.“We’re just […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

ReturnLogic raises capital to feed growth

West Shore-born tech company ReturnLogic has raised $8.5 million from investors as it looks to exploit opportunities to streamline product returns in the growing world of ecommerce.The new capital will allow the company to hire more people and develop more products, according to a press release.ReturnLogic makes software and other tools that help online retailers manage returns, a […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PSECU

Rick Long is retiring effective June 1 as chief information officer at Harrisburg-based PSECU, where he started as a computer operator in 1984. Four decades later, the credit union is known for its digital-first approach to financial services.“Rick’s legacy at PSECU is defined not only by his decades of service, but by the culture of growth […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Franklin & Marshall College

Sunita Gupta Kramer has been named provost and dean of the faculty at Franklin & Marshall College effective July 1. A 1992 graduate of the Lancaster college, Kramer succeeds Mary Osirim, interim provost since January 2023. Osirim replaced Cameron Wesson, who left for a job at La Salle University.Kramer is currently dean of the science […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

McNees Wallace & Nurick

Brian Spiegel has joined McNees Wallace & Nurick as the law firm’s director of talent acquisition.A former commercial litigator, Spiegel brings nearly a decade of recruiting experience from talent acquisition roles at national firms.“Brian’s unique background, combining both legal practice and recruitment experience, makes him an exceptional fit for this role,” Jenna Wagner, McNees’s COO, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Bank aims to add mobile branch stop in Mount Joy

Bank of Bird-in-Hand in Lancaster County is seeking permission to add a stop in Mount Joy for one of its Gelt Buses, which are essentially bank branches on wheels.If all goes as planned, the bank’s Gelt Bus No. 3 would begin making stops at 3141 Mount Joy Road, the home of Mount Joy Gift and Thrift, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Land, apartments sold

The Nature Conservancy paid $3 million for a 509-acre tract at 160 Cemetery Road in Middle Paxton Township, Dauphin County, and then transferred the land to the Pennsylvania Game Commission. The property, which includes portions of the Kittatinny Ridge, is now part of State Game Lands 211. The property had been owned by the Vartan […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Penn State Health

Penn State Health has promoted two staff members to leadership roles in its perioperative service unit.Betsy Thomas has been named the perioperative administrative leader. She joined the regional health system in 2003 as a budget analyst with the Hershey Outpatient Surgery Center. Most recently, she was director of surgical services operations at Milton S. Hershey […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

York Revolution

Ben Shipley has been named president of the York Revolution minor league baseball team effective April 1. He succeeds Eric Menzer, who laid the groundwork for the team as a York city official and went on to lead it for nearly 15 years.Menzer is moving into a role as vice chairman of the York Professional Baseball, which does […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

New handle for TMI draws flak

A longtime activist is seeking to block a name change for the Three Mile Island nuclear plant, site of the worst nuclear accident in U.S. history.Plant owner Constellation plans to reopen a portion of the plant in Dauphin County and rename it the Crane Clean Energy Center after a former company executive.But Eric Epstein, who was previously […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PNC Financial Services Group

Brandon Bromley has been hired as a senior vice president and relationship manager on the Central PA commercial banking team at Pittsburgh-based PNC Financial Services Group. In his new role, Bromley will deliver banking solutions and a results-driven approach to commercial clients across York, Adams and Lancaster counties. PNC’s commercial banking team caters to businesses […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

McNees Wallace & Nurick

Kelly Andrisano has joined the family law group in the Harrisburg office of law firm McNees Wallace & Nurick.Andrisano’s practice includes divorce, custody, child and spousal support, equitable distribution and all matters related to family disputes. Before joining McNees, Andrisano was executive director of the Pennsylvania Coalition of Affiliated Healthcare & Living Communities, where she […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Brewers of Pennsylvania

Hannah Ison has been named executive director of Brewers of Pennsylvania, a state trade group for beer brewers. She succeeds Adam Harris, who is moving into a government relations role for the organization.Ison is the director of brewing operations at Harrisburg-based Zeroday Brewing Co. Previously a board member for the trade group, she is its third […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Opening salvoes fired in budget debate

In a budget address yesterday, Gov. Josh Shapiro rattled off a series of ideas for the fiscal year that starts July 1. GOP lawmakers focused on the bottom line — a proposed budget of $51.47 billion that they decried as irresponsible and unsustainable.The governor and state lawmakers — along with plenty of lobbyists — will […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Shapiro rolls out plan to spur energy development

Continuing efforts to put his stamp on state energy policy, Gov. Josh Shapiro outlined a six-point plan yesterday for tackling the basket of challenges plaguing consumers and producers of energy in Pennsylvania.The so-called “Lightning Plan” combines a mix of new and old ideas designed to lower prices for consumers, speed up construction of new power […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Another reporting requirement looms for PA biz

Business owners are slowly waking up to a new reporting requirement in Pennsylvania.Under the requirement, businesses of nearly every stripe must report annually to the Pennsylvania Department of State their names, addresses and principal officers, among other things.It is separate from the federal reporting requirement enacted under the Corporate Transparency Act — a law currently hung […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PA joins new deal to settle opioid claims against Purdue, Sacklers

State attorneys general, including Pennsylvania’s newly installed Dave Sunday, are taking another crack at settling opioid-related claims against bankrupt drugmaker Purdue Pharma and the Sackler family that owns it.In an announcement yesterday, Sunday and other attorneys general said they reached a $7.4 billion settlement in principle with the company and the family.The deal does not shield the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Regulators spurn requests to revisit permit for hydro project

In a brief notice yesterday, federal energy regulators denied petitions asking them to reconsider their approval of a preliminary permit for a controversial hydroelectric project in York County. The permit was issued last fall to York Energy Storage, a Reading-based company proposing a $2.3 billion pumped-storage energy facility along the Susquehanna River in Chanceford Township.The permit gives the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court backs Harrisburg vape shop in licensing spat

Commonwealth Court has tossed out state rules requiring licensing of companies manufacturing e-cigarettes and the liquids used in them.The court found that the rules gave the Pennsylvania Department of Revenue too much discretion in deciding how they would be enforced.The decision came Friday in the context of a lawsuit filed by East Coast Vapor, a Harrisburg-based […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court backs state claim to insurance fund surplus

For three years in a row, former Gov. Tom Wolf and state lawmakers tried to get their hands on surplus money held by Pennsylvania’s medical malpractice insurer of last resort.The insurer fought back, arguing that, as a private entity, its multimillion-dollar surplus should remain beyond the reach of public officials.Wolf and state legislators countered that […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

State revenue down from decline in gassing up

Pennsylvania may have one of the highest gas taxes in the country, but the levy is delivering shrinking returns, according to a research brief this week from the Independent Fiscal Office, a state agency monitoring budgetary and economic trends. The culprit is declining gasoline usage in the wake of the Covid-19 pandemic, which pretty much froze […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court puts business-reporting rule on hold

A federal court in Texas suspended enforcement of a controversial business-reporting regulation four weeks before it was slated to take effect.In a ruling Tuesday, U.S. District Judge Amos Mazzant said the rule is “likely unconstitutional” and issued an order blocking its implementation pending further court review.Adopted under a law known as the Corporate Transparency Act, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deadline nears for business-reporting requirement

Do you know who your owners are?It’s a question millions of businesses will have to answer by the end of the year under a federal law known as the Corporate Transparency Act.Enacted in 2021, the law requires corporations, LLCs, LPs and other business entities to report information about their owners and managers to a federal […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court tosses developer’s lawsuit over township fees

Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits.Harrisburg-area developer Triple Crown

High court reverses ruling in tax-refund case

Pennsylvania is dodging a fiscal bullet thanks to a ruling handed down yesterday by the state’s highest court.At issue was a corporate taxpayer’s demand for a $2 million refund after a tax structure was declared unconstitutional.The Commonwealth Court ruled last year that the state should pay the refund. But a divided Supreme Court reversed the decision.Justices argued, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Guv aims to speed permits for ‘complex and impactful’ projects

Gov. Josh Shapiro is hoping to ensure ambitious developers have a friend in Pennsylvania — or at least an easier time securing permits for construction.At an event in Philadelphia yesterday, the governor signed an executive order creating a transparent, fast-track permitting program for what are being described as “complex and impactful economic development and infrastructure projects.”State officials […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deal would transfer control of beleaguered Harrisburg apartments

Under a proposed settlement filed in court last week, the owner of an embattled Harrisburg apartment complex is agreeing to cede control of the property to an independent receiver and to convert its bankruptcy case to a liquidation.The deal, which requires court approval, would end a festering dispute between the city and the apartment owner, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court shoots down overtime expansion

In a ruling Friday, a Texas judge scuttled an expansion of overtime pay that took effect in July.The decision sinks a Biden administration regulation that lifted the salary threshold for determining who is eligible for overtime pay.Another increase was slated to take effect in January, but that is now off the table, pending any potential […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Studies see benefit in state-run retirement savings

State-backed retirement plans, which have been proliferating around the U.S., appear to boost savings among workers, according to a study

Regional projects land state funding

High-profile construction projects around the region are in line for millions of dollars in state funding under grant awards disclosed

Highmark, specialty medical practice spar over reimbursement

Pittsburgh-based Highmark Health and a regional GI practice have been unable to negotiate a new reimbursement contract, resulting in the practice’s exit from the Highmark network.The financial sticking points have not been disclosed but the two sides said they are continuing to negotiate. The practice is US Digestive Health, which has a clinical headquarters in Lancaster County and a […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Health-equity proposal spurs questions from state lawmakers

Insurers could soon be facing a new requirement if they want to sell policies through Pennsylvania’s subsidized health insurance marketplace, known as Pennie.The operator of the marketplace is proposing a regulation that would require insurers to become accredited in health equity.The Pennsylvania Health Insurance Exchange Authority argues that health equity is a “well-recognized accreditation standard” […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Select Medical’s workplace health unit files for IPO

Concentra, the occupational health subsidiary of Mechanicsburg-based rehab chain Select Medical, filed last week for an initial public offering of stock, though many of the details remain to be filled in — including the timing and share price for the IPO. Nonetheless, the filing presents a fairly detailed overview of Concentra, its operations and its outlook on the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Construction begins on Carlisle-area mini hospital

WellSpan Health broke ground yesterday on the second of three mini hospitals it is opening in Cumberland and York counties. The latest small-format medical center is going up at 1201 Walnut Bottom Road in South Middleton Township, Cumberland County — expanding WellSpan’s reach in one of the fastest-growing counties in Pennsylvania.Dubbed WellSpan Carlisle Hospital, the 20,000 square-foot […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Harrisburg U draws $5M gift to boost PT programs

Select Medical Corp., a national rehab chain based in Cumberland County, is giving $5 million to Harrisburg University of Science and Technology over the next five years.The gift, announced yesterday, will support the school’s undergraduate program in exercise science and a doctoral program for physical therapists.“We are thrilled to partner with Harrisburg University to shape the future generation of […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Firms win fight over medical cannnabis recall

In a ruling handed down last week, a Pennsylvania court overturned an effort by health officials to recall hundreds of vaping products previously approved for use in the state’s medical marijuana program.The controversial recall, ordered in February 2022 by the Pennsylvania Department of Health, was tantamount to a regulation, according to the ruling in Commonwealth […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Five years in, WellSpan CEO looks ahead

In January 2019, Roxanna Gapstur became president and CEO of WellSpan Health, one of the largest employers in Central Pennsylvania.In little over a year after her first day on the job, she was guiding the health system through one of its most visible challenges, the Covid-19 pandemic.The pandemic has subsided. But WellSpan and other health […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PA’s top court to weigh coverage of CBD oil in workers’ comp

The state’s top court has agreed to hear a case that turns on whether employers must pay for CBD oil and other over-the-counter products under Pennsylvania’s workers’ compensation program.The Pennsylvania Supreme Court will consider several questions, including whether workers’ comp law requires employers and their insurers to reimburse injured workers who buy CBD oil and other […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

WellSpan breaks ground on first of three ‘mini hospitals’

As they broke ground yesterday on a new “mini hospital” in southern York County, WellSpan Health officials identified the next two locations for the small-format medical centers: the Carlisle area and northern York County.The regional health system is opening the three mini hospitals — in partnership with Texas-based specialty operator Emerus — to bring inpatient […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PA health systems sue insurer over value-based contract

A network of healthcare providers in western Pennsylvania is suing Aetna over what the providers allege is unfair treatment under the terms of a value-based contract.The contract took effect in 2023 and is supposed to reward the network, Bridges Health Partners, for reducing the cost of care while improving the health of people enrolled in Aetna’s Medicare Advantage […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

WellSpan to acquire Lewisburg hospital

WellSpan Health has expanded to the east, west and south of its base in York County. The regional health system is now poised to reach north. WellSpan has agreed to acquire Evangelical Community Hospital, whose leaders have been looking for a partner that could shore up its ailing finances.Terms of the transaction, expected to close this summer, were […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Growing Lititz firm adds minority investor

The Benecon Group, has sold a minority stake to the private equity arm of New York-based investment giant Neuberger Berman.Terms of the transaction — described as

WellSpan eyes drone-delivery service

A regional health system is laying the groundwork for an aerial delivery service.WellSpan Health said yesterday it is partnering with San Francisco-based Zipline to offer a service that would ferry patient prescriptions, lab samples and medical products via autonomous drones.The health system offered no timeline for when service would begin.When it does, it would likely be the first […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court voids price guide for workers’ comp drugs

A state court has shelved the Red Book, a compendium of wholesale drug prices that state officials routinely use to settle disputes over drug costs in Pennsylvania’s worker’s comp program. In a ruling this week, Commonwealth Court disqualified use of the book after an insurer challenged it, claiming the book’s listed prices were not accurate. […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

UPMC sued for allegedly misclassifying workers

UPMC is facing a class-action lawsuit filed by a respiratory therapist who claims she was misclassified as an independent contractor when she worked at the health system’s Harrisburg hospital in 2022. The suit, filed last week in an Allegheny County court, claims the therapist should have been classified as an employee and paid overtime when she […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Senior-living organizations to merge

Garden Spot Communites, a New Holland-based senior-living provider, is extending its footprint into the Philadelphia suburbs.The nonprofit has agreed to affiliate with Frederick Living, a senior-living community in Montgomery County. Terms of the deal were not disclosed. But it is expected to close in early 2024. Garden Spot CEO Steve Lindsey will lead the combined organization, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Group pitches region as health-tech hub

Can Central Pennsylvania become a hub for innovations in telemedicine and other health care technologies?That’s the hope of a new consortium coming together to craft a

Order finds ATM operator in contempt

A court order on Friday gave some relief to investors in Paramount Management Group, a financially strapped ATM operator based in

Court backs Harrisburg vape shop in licensing spat

Commonwealth Court has tossed out state rules requiring licensing of companies manufacturing e-cigarettes and the liquids used in them.The court

Hearing raises new questions for beleaguered ATM network

Is it fraud or a failing business?That was one of the questions hanging over a court hearing held yesterday morning

Court backs state claim to insurance fund surplus

For three years in a row, former Gov. Tom Wolf and state lawmakers tried to get their hands on surplus

Legal woes mount for Lancaster-based ATM operator

Claims against a Lancaster-based ATM network took on new forms during a roughly one-hour hearing held Friday afternoon in a

Case tests corporate liability for defunct subsidiary

Is a company still liable for a subsidiary’s legal problems even after the subsidiary is legally dissolved?That’s an issue being taken up by the Pennsylvania Supreme Court in the context of asbestos class-action lawsuits filed against Dravo, a former shipbuilder and manufacturer based in Pittsburgh.The question is whether Dravo’s asbestos liabilities should pass to Carmeuse Lime Inc. The Belgian […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deadline nears for business-reporting requirement

Do you know who your owners are?It’s a question millions of businesses will have to answer by the end of

Court tosses developer’s lawsuit over township fees

Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits.Harrisburg-area developer Triple Crown

High court reverses ruling in tax-refund case

Pennsylvania is dodging a fiscal bullet thanks to a ruling handed down yesterday by the state’s highest court.At issue was

Deal would transfer control of beleaguered Harrisburg apartments

Under a proposed settlement filed in court last week, the owner of an embattled Harrisburg apartment complex is agreeing to

York-area manufacturer sued over alleged retaliation

Federal regulators filed a lawsuit against a York-area manufacturer for allegedly firing an employee who had raised concerns about safety.In a lawsuit filed in late October, the U.S. Department of Labor accuses Red Lion Controls of terminating the employee after he refused to carry out a task that he felt was unsafe.The agency is seeking reinstatement and […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court OK sought for bankruptcy sale of Harrisburg-area winery

The bankrupt owner of Spring Gate Winery in suburban Harrisburg is seeking court permission for a sale of the winery and some of its assets, including its beer and wine licenses.According to court filings this week, Schoffstall Farm LLC is asking for approval of a sale to Nitin Patel, who would pay $2.85 million for the winery.The winery entertained […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Harrisburg apartment owner asks court to block alleged meddling in bankruptcy sale

The bankrupt property owner trying to sell Governor’s Square apartments in Harrisburg has complained in the past that the city of Harrisburg is thwarting its sales effort, and it’s now asking a bankruptcy judge to intervene.In a court filing last week, Maryland-based Uptown Partners LP asked a judge to order the city to “cease and desist from interfering” […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Federal charges prompt suspension of York County judge

York County Judge Steven Stambaugh has been suspended without pay in the wake of federal allegations that he orchestrated an unemployment fraud scheme at his York-based personal-injury law firm, Stambaugh Law PC.The suspension was handed down yesterday by the state’s court of judicial discipline following a motion from the state judicial conduct board, th“The allegations supporting […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court docs disclose $2.8M offer for bankrupt winery

A potential deal is on the table for Spring Gate Winery in suburban Harrisburg.A buyer named Nitin Patel has offered $2.8 million for the winery, whose parent company filed for Chapter 11 bankruptcy protection in May, according to court records. The offer sets a floor for other potential bidders in a bankruptcy auction slated to unfold this month, pending […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Developer appeals ruling that blocks York-area warehouse rezoning

Inch & Co. is appealing a York County court ruling that blocks the company from building a warehouse on land

PA court rules in Covid-era insurance case

Insurers do not have to cover lost revenue for businesses that were forced to shut down during the early weeks of the Covid-19 pandemic. That’s according to a ruling handed down yesterday by the Supreme Court of Pennsylvania in a class-action lawsuit originally filed in Allegheny County court by a dental practice.The decision resolves conflicts between lower courts […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lenders balk at bankrupt winery’s reorganization plan

The bankruptcy sale of Spring Gate Winery is facing some headwinds.In legal filings this month, two lenders came out against the reorganization plan filed by the Harrisburg-area winery’s parent company, Schoffstall Farm LLC.At issue is the distribution of the proceeds from a sale of the winery, should a buyer be found.One lender, Horizon Farm Credit, is objecting to language saying it would […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Cabinetmaker closing Juniata County factor

Amid a projected slowdown in apartment construction, a Michigan-based cabinetry company plans to shutter a plant in Juniata County.Cabinetworks Group is closing the factory near Thompsontown and laying off 420 employees, a tally that includes 110 who were already laid off, according to a notice sent to state and local officials.The notice did not cite a […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Union pushes back on Lancaster pork-plant closure

Clemens Food Group announced Friday that it plans to close its recently acquired pork plant in Lancaster and lay off 193 workers while it continues to look for a buyer that will keep the factory going.However, the reassurances, are not swaying the union representing production workers at the plant, the former Kunzler & Company factory acquired by Clemens […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Family-owned container manufacturer bought by industry giant

Klinge Corp., a York-area company making specialized shipping containers, has been sold.The buyer is Trane Technologies, an Ireland-based company that makes HVAC and refrigeration systems, and its transportation-focused subsidiary, Thermo King.Terms of the transaction, which closed Aug. 1, were not disclosed.In a statement, Thermo King Americas president Adam Wittwer described the acquisition as “a natural extension” of […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Utz CEO: Hoping ‘to get a whole lot bigger’

When Utz Brands Inc. announced in fall 2023 that it was closing one of its plants in Hanover, executives were prepared to answer questions about how many people worked there, what would happen to them, where production was moving and when.They did not expect as many questions about the fate of the company store tucked […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lanco magnet manufacturer scooped up

Over the last decade, revenue doubled for Electron Energy Corp., a specialty magnet manufacturer in East Hempfield Township, Lancaster County.But if it wanted to keep growing, the company realized that it needed a partner, said Scott Murr, the company’s vice president of revenue operations.That partner, announced yesterday, is Magnetic Holdings LLC, which has taken a majority stake […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Former cabinet plant sold for $3.3M

A growing metal fabrication company in York County has purchased the former Wayneco Cabinetry plant, which has been idle since the cabinetry business shut down this spring.BMB Holdings LLC paid $3.3 million for the 81,000 square-foot facility, which is at 800 Hanover Road in Jackson Township, west of York city.The new facility is roughly three times the size […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Union eyes strike amid contract talks with Hanover Foods

Union members voted overwhelmingly in favor of a strike at Hanover Foods if they cannot agree on a new contract with the Hanover-based company by the end of this month, according to Wendell Young, president of United Food and Commercial Workers Local 1776.The most recent labor contract expired at the end of 2023, said Young, whose union represents […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

York-area manufacturer resolves harassment claims

York County manufacturer AMZ Manufacturing has struck a deal settling federal allegations that it failed to take adequate action after two women complained about sexual harassment at one of its plants.The charges, filed last year, alleged violations of Title VII, the federal law barring discrimination based on race, color, sex, national origin or religion.According to the original charges, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Ratings agency warns on Spring Grove manufacturer

Spring Grove-based paper maker Pixelle Specialty Solutions recently unveiled steps to bolster its finances. But they do not appear to be enough to satisfy a ratings agency concerned about the company’s liquidity.S&P Global initially downgraded the company following the refinancing.The agency then restored the original rating but added a negative outlook, warning that “continued operational weakness could pressure Pixelle’s cash […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Spring Grove paper maker shores up finances

Pixelle Specialty Solutions, a specialty paper maker based in Spring Grove, said June 12 it landed “significant new funding” that positions it for future growth. The financing includes amended credit facilities and an infusion of new capital from the company’s private equity backer, H.I.G. Capital. “With this new support, we are well-positioned to take advantage of several […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Pallet company buying Chambersburg-area facility for relocation

J&J Pallet and Recycling LLC is planning to purchase, upgrade and move into a 16,400 square-foot industrial building at 1690 Opportunity Ave. in the Cumberland Valley Business Park in Greene Township. The company, which sells recycled shipping pallets, is currently based in leased space at 1051 Sheffler Drive in Chambersburg.The company has been approved for […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Snack maker unveils Hanover-area plant

Executives at G&S Foods opened the doors yesterday on a 351,000 square-foot plant outside Hanover that they expect will employ at least 1,000 people within the next three years.The factory will begin production later this summer with a staff of about 400 to start, according to G&S Foods CEO Dan Morgan.It will make and package pretzels, puffs […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Manufacturer plans $45M innovation center in Carlisle

Building products manufacturer Carlisle Companies is planning a $45 million expansion of its research and innovation hub in Carlisle. The project will entail construction of a 42,000 square-foot building alongside the company’s existing R&D center, which is at 1557 Ritner Highway, according to Carlisle Companies spokesperson Mehul Patel. The site is near the headquarters and […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Armstrong World buys specialty manufacturer

Armstrong World Industries, paid $95 million in April to acquire 3form LLC, a manufacturer of architectural resins, glasses and other materials based in Salt Lake City, Utah.Products from 3form, such as acoustic wall tiles, translucent glass and textured wall coverings, are expected to complement existing products from Armstrong World’s architectural specialties division, which accounts for about […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Steel fabricators expand in York County

The steel-fabrication business is thriving in York County as two companies expand operations there, one from Dallastown and one from Maryland. Yoe Construction, the Dallastown-based company, is leasing space for a new steel fabrication shop at 775 Lombard Road in Windsor Township, York County. The 23,142 square-foot shop is an extension of the company’s existing shop at […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lanco steel fabricator sold

A longtime Lancaster County manufacturer is under new ownership.Greiner Industries, a structural steel fabricator in Mount Joy Township, Lancaster County, has been acquired by IES Holdings Inc., a Houston-based company that designs and installs electrical and technology systems for data centers, residential housing and industrial facilities, among other end markets. The acquisition includes the Greiner business […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Hershey looks to cut jobs, costs

The Hershey Co. plans to shed jobs this year as it battles higher cocoa prices and sluggish sales.The cuts will amount to less than 5% of the company’s roughly 20,000 workers worldwide, according to a Hershey spokesperson. “We do not expect significant disruption or impact to our employee base,” the spokesperson said, declining to detail […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Real Estate

Former West Shore factory sold to York firm

After closing last year, a former West Shore factory for The AMES Companies has been sold.An affiliate of York-based Kinsley Properties paid $18 million for the plant at 465 Railroad Ave. in Hampden Township, according to Gerry Blinebury, a broker with real estate firm Cushman & Wakefield. Cushman & Wakefield is listing the 397,000 square-foot building for lease on behalf of Kinsley Properties, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deal ends foreclosure threat dogging former Harrisburg school

A foreclosure case hanging over the former Bishop McDevitt High School in Harrisburg appears to have ended. The case in Dauphin County court pitted the building’s owner, William Penn Holding Inc., against private lenders seeking to collect on their debt.Jeremy Hunter, William Penn’s owner, confirmed an agreement was reached, but he declined to share the details.A resolution […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Logistics startup lands in York County

Warehouses in Central Pennsylvania often sport household names like Amazon and Chewy, or the logos of logistics giants like XPO, UPS and FedEx.A new player is muscling in.Toronto-based Shipfusion is leasing a 350,000 square-foot warehouse in the newly developed Core5 Logistics Center at Codorus Creek on the site of a former quarry straddling Manchester and East Manchester townships in York County.The space complements existing […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Former West Shore law office sold

The former Camp Hill office of Reager and Adler law firm was sold for $1.7 million to Community Options, a Princeton, New Jersey-based nonprofit that provides housing and job opportunities to people with disabilities, according to Bill Rothman, founder of Lemoyne-based RSR Realtors. Rothman represented the seller, the estate of the late attorney David Reager. Community Options has an existing office […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court OK sought for bankruptcy sale of Harrisburg-area winery

The bankrupt owner of Spring Gate Winery in suburban Harrisburg is seeking court permission for a sale of the winery and some

Harrisburg apartment owner asks court to block alleged meddling in bankruptcy sale

The bankrupt property owner trying to sell Governor’s Square apartments in Harrisburg has complained in the past that the city of

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

Developer sketching in plans for 476-acre Lanco tract

High Associates is starting to sketch in its plans for a 476-acre tract bordering the headquarters of Armstrong World Industries in Manor Township, Lancaster County.The plans, which could change with market conditions, call for a flexible mix of single-family homes, apartment buildings, retail space, industrial space and green space, according to Ken Hornbeck, senior vice president of development […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Court docs disclose $2.8M offer for bankrupt winery

A potential deal is on the table for Spring Gate Winery in suburban Harrisburg.A buyer named Nitin Patel has offered $2.8 million

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Credit union to move Harrisburg branch to West Shore

PSECU is seeking permission to relocate its branch in Strawberry Square in downtown Harrisburg to a former FNB branch at 1249 Market St.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Agency in deal to buy former Carlisle factory

A Cumberland County agency has taken another step toward the purchase of a Carlisle factory that shut down last year.The Real Estate Collaborative LLC, a subsidiary of the Cumberland Area Economic Development Corp., has struck a tentative agreement to buy the Frog, Switch & Manufacturing Co. site at 600 E. High St. in the Cumberland County borough.No price was […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Regional real estate player buys Shippensburg firm

Regional real estate firm Berkshire Hathaway HomeServices Homesale Realty has scooped up Sailhamer Realty, an eight-person firm in Shippensburg. Terms of the transaction were not disclosed.Sailhamer was headed by John Dyson, a son-in-law of the firm’s original founders.The firm’s Shippensburg office will close, and Dyson and the rest of the Sailhamer team will work out of Berkshire’s […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Harrisburg seeks dismissal of apartment owner’s bankruptcy case

The city of Harrisburg is asking a federal court to dismiss the bankruptcy case of Uptown Partners LP, the Maryland-based owner of the Governor’s Square apartment complex in uptown HarrisburgIn a filing last month, the city argues that the deteriorating apartment complex is “unlikely” to find a buyer and that state court would be a better […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Middletown-area warehouse sells for $170.5M

In one of the largest commercial deals in the region this year, a real estate investment trust paid $170.5 million for a 1.2 million square-foot warehouse in the Middletown area.The warehouse is at 3327 E. Harrisburg Pike in Londonderry Township.The buyer is affiliated with Radnor-based advisory EQT Exeter. The seller was an affiliate of Atlanta-based warehouse […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Former Harrisburg law office headed for residential conversion

A New York City investor has acquired a former law office on North Front Street in Harrisburg and plans to

Regional grocer grabs supply chain by the horns

For centuries, farmers planted seeds and fed animals – and then hoped they would find a market when their produce and livestock were ready to sell. Agribusiness entrepreneur Larisa Miller has been pitching a different model – and she found her first taker in Karns Foods, the Cumberland County-based grocery store chain.

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Firm with Lanco ties forges $270M deal

A Massachusetts-based company has agreed to pay $270 million in cash for a London-based firm that sells anti-counterfeiting products and services.The firm is OpSec Security, which has operations at two locations in the Greenfield business park in East Lampeter Township, Lancaster County. OpSec had been on a path to go public this year by merging with […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Edtech startup hires revenue chief

TEAMology, an education technology startup based in Chambersburg, has hired Gretchen Thompson as its first-ever chief revenue officer, where she

AG: “Sham” internet provider targeted rural York

A locally based company allegedly broke state law by reselling internet service in what the state attorney general described in a lawsuit as a “sham business.”The company, Davis Communications Internet Inc., subscribed to business internet plans, then advertised itself as an internet provider in its own right, specifically targeting consumers in rural York County, where internet […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

WellSpan eyes drone-delivery service

A regional health system is laying the groundwork for an aerial delivery service.WellSpan Health said yesterday it is partnering with San

Doceo leader talks succession, expansion

When John Lewis interviews younger job applicants these days, he fields questions he did not typically hear a decade ago.Applicants

PA STARTUP TAPS INTO THE POWER OF HOME INSPECTIONS

Home inspectors gather reams of information as they poke around houses that are about to change hands.In some cases, the

Region left out of federal tech hub awards

For the second time this month, a local group has come up short in a bid to attract high-profile federal funding.The first was an effort led by Harrisburg-based Team Pennsylvania to land money for a clean-hydrogen hub. The Team PA effort was not among those given awards. The second was an effort by a diverse group to snag […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Podcast: Strengthening Cybersecurity

When people hear about data breaches, they may think the solution is more and better technology: How high can we build that firewall?After all, it is technology that creates the conditions for data breaches to arise and compromise your personal information.The solution, however, lies in people, according to Dr. James Norrie, who spoke in late […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Highmark hit by data breach

A phishing attack in December exposed personal information on about 300,000 members of Highmark insurance plans, including about 96,000 members in Pennsylvania.The Pittsburgh-based insurer disclosed the breach last week in a notice to the office of the Maine attorney general. In a statement, Highmark said it “immediately responded” to the incident and launched an investigation. So far, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

ReturnLogic raises capital to feed growth

West Shore-born tech company ReturnLogic has raised $8.5 million from investors as it looks to exploit opportunities to streamline product returns in

Lawsuit settled over York fiber company

After trading legal blows for more than a year, the feuding owners of United Fiber & Data have reached a settlement.The confidential deal ends legal sparring that began in 2020 over the company, which was founded in York by members of the rock band Live and their business partner, Bill Hynes. The fight had narrowed in recent months to one between […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Deal adds IT talent for West Shore Home

Home remodeler West Shore Home has long described itself as a technology-enabled company.The Mechanicsburg-based firm now owns a technology company.West Shore Home said yesterday it has purchased Design Center Inc., a firm based in St. Paul, Minnesota.Terms of the deal were not disclosed but it adds 23 employees to West Shore Home, which has been expanding nationally from […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

York-area firm buys former restaurant for new HQ

Doceo, a York-based technology services company, plans to move its headquarters this fall to a former Ruby Tuesday restaurant in York Township.The 6,000 square-foot space is larger than the 4,300 square feet the company currently rents in a multi-tenant building at 1499 S. Queen St. in Spring Garden Township, according to spokesperson Maya Miller. It […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lancaster entrepreneurs aim to tackle school-based mental health challenges

Barbara Grimm, above left, worked with David Cooper to create the School Responder app (photos/submitted). During more than a decade working in the Lampeter-Strasburg School District in Lancaster County, Barbara Grimm saw a growing problem. More and more students needed help grappling with behavioral health issues, said Grimm, who worked in a variety of administrative […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Fledgling venture fund makes first investments

After raising roughly $10 million, a startup venture fund in York has disclosed an inaugural round of investments.Martin Fedorko, left, and Alexa Born founded White Rose Ventures in 2020 (photo/submitted).White Rose Ventures has plowed $1.73 million into companies in Lancaster, Harrisburg and YorkThe firm also unveiled a nonprofit, Braided River Collective, designed to support entrepreneurs around the region.They […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Giant unveils Amazon-style marketplace

The Giant Co. is adding new aisles to its virtual supermarket.The Carlisle-based company unveiled a new Amazon-style service yesterday that brings tens of thousands of new items to its online shoppers.Called Ship2Me by Giant, the new service is an online marketplace developed by sister company Peapod Digital Labs. The marketplace features items not normally found on supermarket […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Giant, Harrisburg U team up on new ag research center

Seeded by a $1 million donation from grocery chain The Giant Co., Harrisburg University is hoping to plant a new center for agricultural research in the capital city.

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Lancaster firm pitches high-tech approach to tracking Covid-19 risk

Contact tracing is turning into a mess rather than an effective tool to stop Covid-19. People aren’t cooperating, contact tracers are becoming overwhelmed and the virus continues to spread at a record rate.“It’s almost like we’re at a dead end with that approach,” said Victor Owuor, chief product officer at Lancaster-based investment firm Aspire Ventures.The […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Hanover Foods, union reach deal, avoid strike

Hanover Foods agreed on a new labor contract this week with a union representing about 300 employees at its Hanover-area plants. The union — United Food and Commercial Workers Local 1776 — had threatened to strike, with its leader arguing that the company was proposing unacceptable changes to health and pension benefits, as well as inadequate raises.The new […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Union eyes strike amid contract talks with Hanover Foods

Union members voted overwhelmingly in favor of a strike at Hanover Foods if they cannot agree on a new contract with the

AAA Central Penn

AAA Central Penn has welcomed Shaun Balani, Tracy Grajewski, Shanice Mariluz and Velma Redmond to its board of directors.Balani, now retired, was CEO and majority shareholder of Travel Time Travel Agency Inc. for 32 years. He most recently worked as a Vistage chair, helping a community of CEOs of small to mid-size companiesnetwork and grow […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Retiring health system CEO hailed as ‘transformational leader’

Steve Massini is planning to retire this fall as CEO of Penn State Health following a five-year tenure marked by significant growth for the health system but also challenges for its transplant programs. Massini oversaw the construction and opening of new hospitals in Cumberland and Lancaster counties, two of the region’s most competitive healthcare markets.Massini also led the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

The LGBT Center of Central PA

Amber Roadcap has been named executive director of The LGBT Center of Central PA. Roadcap worked most recently in a marketing role at Malvern Health. She began her career as a crisis intervention counselor at Geisinger Holy Spirit Hospital.Roadcap previously volunteered at the LGBT Center, which is moving this year to a permanent home at 1323 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Appell Center for the Performing Arts

Six new board members have been named to the board of directors for the Appell Center for the Performing Arts in York. They are:Suzanne Becker, Traditions Bank Mark Holman, retired from Susquehanna Township School District Juliet Kinsley, Ellis Lee Marketing & Graphic Design Eric Menzer, York Professional Baseball Christine Nentwig, CGA Law Firm Brian Strong, […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Saxton & Stump

Robert Pontz has joined Lancaster-based law firm Saxton & Stump as chair of the bankruptcy and financial restructuring group. Pontz also is now a shareholder of the firm and a member of its business/corporate and banking/financial services groups.Pontz, who has more than three decades of legal experience, was most recently a partner at Lancaster-based Brubaker Connaughton […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Officials embrace upcoming auction as chance for mall rebirth

Officials in Lower Paxton Township, Dauphin County, are hoping that an online auction for the Colonial Park Mall yields a buyer interested in redeveloping the roughly 31-acre site.As a reminder of the site’s potential, they held a press conference June 19 to note that the retail property was zoned in 2020 to encourage mixed-use development […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Barley Snyder

Kyle M. Kelly has joined the Lancaster office of Barley Snyder as a member of the law firm’s business practice group. Before joining Barley Snyder, Kelly worked at a Pittsburgh law firm where he managed middle-market M&A for private equity and corporate clients. He also worked as a judicial intern for the North Carolina Court […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Five years in, WellSpan CEO looks ahead

In January 2019, Roxanna Gapstur became president and CEO of WellSpan Health, one of the largest employers in Central Pennsylvania.In

Bank to form holding company

Lancaster County-based Bank of Bird-in-Hand is seeking shareholder and regulatory approval to form a holding company, a common step for banks as they grow. The holding company would be called GELT Bancorp Inc., incorporating the Amish word for money. The bank also uses the word for its mobile branches, called Gelt buses.Existing bank shareholders would become shareholders in […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Camp Hill bank to shed NJ branches

LinkBancorp is selling its newly acquired operations in South Jersey for an after-tax gain of about $10.5 million, according to LinkBancorp CEO Andrew Samuel. The buyer is Philadelphia-based American Heritage Federal Credit Union, which has more than 310,000 members and assets of more than $4.8 billion.Expected to close in the second quarter of this year, the […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Amid improving finances, college misses bond payment

Harrisburg University of Science and Technology failed to make a monthly loan payment on May 1 in default of its loan agreement, according to a disclosure last week to its bondholders.Under the agreement, monthly payments to the bond trustee roll up into semiannual payments on interest and principal on the university’s bonds.Those semiannual payments are still being […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

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 […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Manufacturer plans $45M innovation center in Carlisle

Building products manufacturer Carlisle Companies is planning a $45 million expansion of its research and innovation hub in Carlisle. The

Fulton buys failed Philly bank

Fulton Bank was on the receiving end on the afternoon of April 26 when state regulators shut down and brokered a sale of Republic First Bank, a troubled Philadelphia-based lender that does business as Republic Bank. As a result, Fulton has acquired most of the assets and branches of Republic First, expanding the Lancaster bank’s footprint in the competitive […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

PE-backed firm takes stake in Harrisburg baseball team

A private equity-backed holding company is buying a majority stake in Harrisburg’s minor league baseball team from the family of the late Mark Butler, a co-founder of Harrisburg-based discount retailer Ollie’s Bargain Outlet Holdings. Butler, who died in 2019, bought a majority interest in the Harrisburg Senators in 2014. That stake is now being sold to Diamond Baseball […]

To access this post, you must purchase biznewsPA Subscription or biznewsPA Team Subscriptions.

Subscribe to our newsletters!

The Latest News

Banking & Finance

Construction

Economy

entrepreneurship

Food

Government

Health Care

Legal