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Banking & Finance

Bank buys Lititz insurance agency

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

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Deal to bring Wayne County bank into Central PA

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

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Suit targets Penn State Health retirement plans

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

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Measure aims to limit overdraft fees in PA

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

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Scranton-area bank eyes first Lanco branch

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

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One year later: Nonprofit startup poised for major milestone

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

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Report: Heller firm double-sold ATMs

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

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

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

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Flooring firm levels new charges in loan dispute

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

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State House moving bill for government-run retirement savings

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

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Shapiro reboots state efforts to fight financial fraud amid federal cuts

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

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State authority backs fund focused on life sciences 

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

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Chase Bank lines up another capital-area branch

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

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Economic uncertainty weighs on regional M&A 

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

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

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

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Construction

Court spurns contractor’s appeal over civil penalties

The state’s high court this week rejected an appeal from a State College contractor accused more than four years ago in a high-profile case of wage theft. The contractor, Glenn O. Hawbaker Inc., challenged a state agency’s authority to bar it from state contracts based on alleged violations of Pennsylvania’s prevailing wage laws. In March, a lower […]

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Camp Hill restaurant proposal, other West Shore projects join hunt for state funds

One of Camp Hill’s most foreboding properties could be the key to a more prosperous future for the West Shore borough’s main commercial thoroughfare. Financial adviser Tony Conte and attorney Brian Hinkle are hoping to convert the former Masonic Temple at 2211 Market St. into a full-service restaurant with liquor license. The project aims to […]

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Lanco firms seek state funds for HQ upgrades, other projects

Some of Lancaster’s highest-profile companies are hoping to persuade state officials that their plans to upgrade corporate headquarters deserve a dose of public funding. Manufacturer Armstrong World Industries, event technology company Clair Global and flooring maker Ecore International are among applicants statewide angling for funds from the Redevelopment Assistance Capital Program, or RACP, a grant program that backs projects statewide. […]

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Lancaster developer raising capital, mulling IPO

A Lancaster-based developer has tapped an investment banking firm in a bid to drum up capital and expand its portfolio of projects. Developer Elevare Corp., formerly known as OZFund Inc., hopes to raise $50 million from investors and eventually become a public company, according to its founder and CEO, Jeremy Feakins.  The company’s investment banker is San […]

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Harrisburg’s tallest building poised for partial apartment conversion

As state workers prepare to exit Harrisburg’s tallest office tower, a developer is hatching plans to rip out the cubicles. Harristown Development Corp. wants to put 81 apartments in a portion of the 22-story office building, which is at 333 Market St. The city’s planning commission signed off on the $23 million project at a […]

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York design firm snags smaller neighbor

York-based architecture, engineering and design firm Warehaus has acquired a smaller neighbor with a client base spanning Pennsylvania and Maryland. The neighbor is West Manchester Township-based Johnston and Associates, founded in 1988 by Eric Johnston and specializing in all areas of land development, including zoning and environmental permitting. “This is an exciting milestone for our team,” Warehaus president, […]

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Deal broadens reach of Harrisburg-area engineering firm 

A regional engineering firm based in the Harrisburg area is expanding its reach in Central and eastern Pennsylvania.  Herbert Rowland & Grubic Inc. in Swatara Township has scooped up Becker Engineering LLC, a smaller firm based in East Lampeter Township, Lancaster County. Terms of the transaction were not disclosed.  But HRG is retaining Becker’s office at […]

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Groundbreaking for the Gardens at Millbourne

A ceremonial groundbreaking was held on Wednesday to mark the commencement of work converting the private grounds of the Appell family into a public garden.  Louis and Jody Appell were well-known in the York community for their philanthropy and their passion for horticulture. The Powder Mill Foundation was established by Louis J. Appell, Jr. in […]

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Perry County concrete plants sold 

A pair of concrete plants in Perry County are under new ownership.  Bedford County-based New Enterprise Stone & Lime Co. Inc. bought the Duncannon-area plants as part of its acquisition of Marstellar Holding Co., which also owned a heating oil delivery business. Both Marstellar Concrete and Marstellar Oil are now part of New Enterprise, according to a person who answered the phone […]

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Plastics recycler cleans up at York ballpark

Fans at WellSpan Park this summer found new places to pitch their plastic spoons, water bottles and other plastic items. The home of the York Revolution baseball team set up bins to collect plastics under a partnership with CRDC Materials, a Costa Rica-based plastics recycler with an operation in York city.  CRDC takes the plastic to its plant, shreds […]

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Data center plans provoke debate over impact, process

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

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Lanco contractor taps new prez amid family ownership transition

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

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Contractor fires back in suit over concrete for hospital project

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

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West Shore engineering firm acquired

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

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Economy

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

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

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What would it take to end PA taxes on overtime?

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

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DoorDash touts results of pilot benefits program for PA drivers

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

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Palmyra-based distributor cutting HQ, warehouse staff

A Palmyra-based specialty distributor plans to lay off about 100 people working at three locations in Lancaster and Lebanon counties by the end of this year. The move stems from an expected decline in business and resulting corporate restructuring, according to a layoff notice from the company, DAS Companies Inc.  Efforts to reach the company yesterday […]

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Ports strike could spell supply-chain pain

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

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Fed rate cut seen locally as positive signal 

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

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

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

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

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

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

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

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New overtime rules poised to take effect amid legal challenges

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

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New funds aim to chip away at childcare shortage

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

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Report: Region’s tourist trade erases pandemic losses

The Covid-19 pandemic emptied out the region’s amusement parks and Amish attractions. But by 2022, the tourists had returned, and then some. That’s the conclusion to be drawn from the most recent annual report of the Pennsylvania Tourism Office. Spending in what the state calls the Dutch Country Roads region hit nearly $9.4 billion in 2022, up […]

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PA job growth slows but labor market still tight

After two years of explosive, post-pandemic growth, Pennsylvania’s job growth is returning to its pre-pandemic form. Revised numbers indicate the state’s employers added roughly 80,800 jobs in 2023, though the numbers could be revised further, according to L&I. That compares with six-figure growth in 2021 and 2022, when the economy was recovering from the depths of […]

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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 Bethlehem The 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 […]

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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 […]

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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 […]

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entrepreneurship

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 […]

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Lancaster software startup merges with industry peer

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

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Building a national brand from a West Shore base

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

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

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

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PE firm backs spinoff from York IT company

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

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Lancaster nonprofit names first top exec

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

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Deal for Lanco tiny-homes startup changes shape

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

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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Food

Penn State Health

Dara Royer has been named chief marketing and communications officer of Penn State Health effective June 29. She succeeds Sean Young, who retired in fall 2025.  Royer worked most recently as chief marketing officer of Syracuse University in New York. She also has held leadership roles with global nonprofit Mercy Corps and ALSAC/St. Jude Children’s Research Hospital.  She […]

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PNC economist sees tests for consumer, corporate resilience

It will be no surprise if the Federal Reserve keeps interest rates flat after it ends a two-day meeting today. There is nothing flat about the rest of the economy, with oil prices spiking and U.S. tariffs still above their historical average. The risks, however, are primarily to the downside, according to Jay Hawkins, senior […]

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Incoming HU leader optimistic despite financial, enrollment challenges

Christopher Reber interviewed for other leadership roles in higher education. But he could not turn down the offer from an institution close to his hometown of York. He accepted a job this month as president of Harrisburg University of Science and Technology, an institution that has struggled financially but that Reber believes holds lots of potential. […]

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F&M Trust

Chad Carroll has been named president of F&M Trust in addition to his current job as COO. The president role had been held by CEO Craig Best, who will remain chief executive of the Chambersburg-based bank. Carroll joined F&M Trust in 2023 as COO following a stint as chief administrative officer and consumer banking director […]

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PA regulators notch win in long-running feud with title lender

State banking regulators have scored a victory in their long-running quest to penalize an out-of-state lender for charging allegedly excessive interest rates. In a 17-page ruling this week, a three-judge panel of Commonwealth Court refused to intervene in regulatory proceedings that could result in a $52.7 million civil penalty for the lender, Carrollton, Texas-based TitleMax.  Efforts […]

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RKL Private Wealth

Laurie Peer plans to retire at the end of this year from her role as president of RKL Private Wealth, the wealth management division of Lancaster-based professional services firm RKL LLP. She will be succeeded as president by David Morais, effective Sept. 1. Tom Reardon will become the division’s executive vice president at the same time. […]

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Flex, office/retail spaces sold in Harrisburg

Dillsburg Roofing Siding and Windows LLC paid $850,000 for approximately 9,055 square feet of flex space spanning several buildings at 8011 Paxton St. in Harrisburg, according to county deed records. Larry Kostelac of Campbell Commercial Partners represented the seller, Landpro Equipment LLC. Laura Martin of SVN Latus represented the buyer. Huang Investments LLC paid $560,000 […]

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Site Design Concepts Inc.

Thomas Englerth II has been named president of Site Design Concepts Inc., a York-based civil engineering and land surveying firm with an office in Lancaster. He succeeds Brad Peters, who founded the firm and led it for 30 years. Peters plans to retain his role as CEO, with a focus on strategic oversight and staff mentorship. […]

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Health insurer bucks decline in ACA market

High premiums have squeezed enrollment this year in health insurance plans sold in Pennsylvania under the Affordable Care Act, a federal law designed to make individual health plans easier to afford. The decline has been attributed primarily to the expiration of enhanced federal tax credits that lowered premiums for thousands of people. Other federal credits remain […]

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York manufacturer sold amid demand for its nuclear industry products

A major defense contractor has agreed to buy Precision Components Group LLC,  a storied York manufacturer with a foot in the nuclear power industry. Indeed, Precision’s nuclear business is part of the attraction for the buyer, Lynchburg, Virginia-based BWX Technologies Inc., or BWXT, which supplies nuclear components and fuel to the U.S. Navy and commercial reactors. Precision’s products […]

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Mid Penn Bank

Daniel Devine has joined Mid Penn Bank as senior vice president and senior cash management operations and product manager. Devine will lead operations for the bank’s cash management team and support product initiatives from the bank’s administrative office in Harrisburg. He reports to COO Dana Stewart. He worked most recently as senior vice president and […]

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Apartment conversion on tap for York city

After converting a former bakery into apartments, a pair of developers are moving on to their next residential conversion in York city. Kinsley Properties and Royal Square are collaborating on a roughly $5.1 million project to transform what was once a refrigerated warehouse into 20 affordable one-bedroom apartments. The project also calls for about 750 square feet of street-level […]

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Judge OKs sale of bankrupt dairy business

In an order signed last week, a federal judge approved the bankruptcy sale of Harrisburg Dairies. A New Jersey-based company called Patanjali Dairy USA LLC is paying $4.95 million for the Harrisburg Dairies real estate at 2001 Herr St. in the capital city, the company’s equipment and machinery, and rights to use the Harrisburg Dairies name, according to […]

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Lender wants sheriff’s sale for shuttered music venue in Harrisburg

A Las Vegas lender is pursuing a sheriff’s sale of the Harrisburg Midtown Arts Center alleging that the partnership that owns the music venue has made only sporadic payments on a $3.72 million loan it took out in 2019.  The partnership, 1110 HBG LLC, repaid nearly $400,000 between 2019 and 2021 but nothing since, according to a foreclosure […]

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Renovations to give new life to former Bethlehem Steel warehouse

Funk Construction kicked off construction yesterday at the site of a former Bethlehem Steel factory complex in Lebanon. The Lebanon-based contractor is partnering with developer common craft to renovate a former warehouse at 121 Schneider Drive in the city. The project will result in a 30,000-square-foot building dubbed Lebanon Steel Works, offering affordable space for local artists, craftspeople and […]

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Government

How appealing is a new tax appeal process?

It has been just about a year since state officials opened a new avenue for taxpayers to dispute tax bills. Traffic remains relatively light, given the thousands of tax disputes that arise every year in Pennsylvania. Nonetheless, officials are encouraged by the progress they’re making. “These changes remove red tape and make Pennsylvania more business […]

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Construction exec says union-friendly provision scrubbed from bid process on Harrisburg project

State officials agreed to drop a union-friendly labor requirement attached to bids on a construction project slated for the grounds of the former Harrisburg State Hospital, according to Dave Sload, president and CEO of the Keystone chapter of the Associated Builders and Contractors. The regional trade group, based in Rapho Township, Lancaster, sued the state over […]

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Township has nuke plant, mulls data center law

In some parts of Central Pennsylvania, data centers are a fast-encroaching reality. Construction is underway on centers in Lancaster, for example, and a Carlisle-area project is pushing through the local land development process. In other areas, projects remain on the drawing board, often as concepts pitched to indicate what a data center might look like if […]

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Jobless benefits bill clears final legislative hurdle

Tweaks to jobless benefits in Pennsylvania are heading to the governor’s desk. The state House yesterday followed the Senate in approving legislation that makes it easier for victims of domestic violence to qualify for unemployment benefits and delays benefit cuts that were scheduled to take effect next year. The changes drew bipartisan support, with Philadelphia-area Democratic […]

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Court upholds $55M sewer sale amid conflicting takes on customer impact

In 2022, state utility regulators approved the $55 million sale of a Chester County sewer system. A state appeals court overturned the approval in 2023 over concerns that the transaction would boost costs for customers. In a ruling yesterday, Pennsylvania’s highest court reversed the appeals court and approved the deal between Aqua Pennsylvania‘s wastewater arm and the […]

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PA Senate OKs bill to delay cuts in jobless benefits, ease access for domestic violence victims

State lawmakers from both parties are backing legislation that would make it easier for victims of domestic violence to qualify for unemployment benefits and delay benefit cuts that were scheduled to take effect next year. The measure, which passed in the Senate this week, was designed initially to help people who might be forced by a […]

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Feds take aim at PA highway funds over CDL claims

The U.S. Department of Transportation is threatening to withhold $75 million in federal highway funding earmarked for Pennsylvania after accusing the state of illegally issuing commercial driver’s licenses to what the agency describes as “dangerous foreign drivers.” The warning comes days after U.S. Immigration and Customs Enforcement arrested an illegal immigrant from Uzbekistan who was […]

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Lancaster, developer forge deal over data center standards, community benefits

At a press conference yesterday, Lancaster Mayor Danene Sorace unveiled an agreement between the city and Chirisa Technology Parks, the Virginia-based company spearheading development of data centers on the site of former printing plants in the city. The 32-page community benefits agreement requires Chirisa to meet standards in areas such as noise, power and water usage for […]

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PA budget a billion-dollar miss for business

After more than four months of gridlock, state lawmakers and Gov. Josh Shapiro sealed the deal yesterday on a state budget. The nearly $50.1 billion spending plan for the fiscal year that began in July delivers tax savings for lower-income state residents and pours $25 million into the childcare sector, which suffered from lapses in state […]

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Judges retained, mayors elected

The ayes have it. By a margin of roughly three to two, Pennsylvania voters retained three state Supreme Court justices yesterday, preserving the court’s Democratic five-to-two majority. Justices Christine Donohue, Kevin Dougherty and David Wecht each garnered more than 2 million “yes” votes on the question of whether they should remain on the bench for […]

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PA judges at center of high-profile retention race

Pennsylvania voters will decide tomorrow whether to retain three Supreme Court justices in what has become one of the state’s most expensive and partisan judicial races ever. Those arguing in favor of retention, including Gov. Josh Shapiro, warn that “no” votes could jeopardize abortion and voting rights.  Those arguing against retention argue that the three justices in question […]

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Federal shutdown freezes SBA lending

The shutdown of the federal government is stalling a critical pipeline for loans to small businesses. Like the rest of the government, the U.S. Small Business Administration has been closed since Oct. 1. As a result, the agency is unable to formalize its guarantee to repay loans if small-business borrowers cannot.  The guarantees encourage lenders to […]

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Attorney general pushing forward with power-line fight

Pennsylvania’s top lawyer plans to press ahead in a lawsuit over controversial power lines proposed for York and Franklin counties even after a federal court ruled in favor of the company behind the project. The decision by Attorney General Dave Sunday opens a new chapter in the four-year-old legal battle over the power lines, proposed […]

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Money sought for high-profile Harrisburg-area projects 

Developers are applying for state funds to upgrade some of the capital region’s largest underused buildings. They include an idled steel mill in Steelton and two vacant office towers in downtown Harrisburg — former state offices at 333 Market St. and the former federal building at 228 Walnut St. The state funds would come through […]

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Health Care

Health authority warns tax-credit expiration could cost PA residents

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

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For-profit healthcare deals under fire

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

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Audit: Lapsed UPMC recordkeeping led to Medicaid overpayments

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

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House panel to vote on healthcare violence bill

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

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

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

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Feds open investigation into hospital shooting

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

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Hospital attacks tests trauma response

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

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WellSpan, UnitedHealthcare end stalemate on employer plans

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

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Further talks yield another partial deal for WellSpan, health insurer

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

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Capital-area behavioral health provider to relocate

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

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WellSpan, UnitedHealthcare partially sever ties

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

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Deadline looms for insurer, regional health system

With less than a week before their contract expires, WellSpan Health and UnitedHealthcare remain at odds. If they are unable to reach an agreement by Thursday, WellSpan would become out-of-network for people covered by UnitedHealthcare’s Medicaid, Medicare Advantage and employer-sponsored plans. In a statement, the York-based health system blamed the impasse on UnitedHealthcare’s “unwillingness to find a middle ground […]

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Pharma giant plowing millions into Lancaster County campus

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

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WellSpan, UnitedHealthcare remain locked in contract dispute

With less than three weeks before their contract expires, WellSpan Health and UnitedHealthcare remain embroiled in a war of words. UnitedHealthcare has been focused on what WellSpan charges for health care.  For the York-based health system, the issue is the administrative hassles posed by working with the insurer. What’s the latest: In an online notice, UnitedHealthcare claimed WellSpan declined […]

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WellSpan, health insurer clash over contract renewal

Health insurer UnitedHealthcare and regional health system WellSpan Health are sparring over a new contract governing their relationship, affecting about 36,000 patients in the region. Both entities say they are negotiating in good faith and hope to reach a deal before the current contract expires at the end of October. Nonetheless, they are taking aim at each other’s business models. […]

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Adviser pushes back on agency penalty, wants jury trial

Should a Pennsylvania financial adviser accused of securities fraud be entitled to a jury trial before being subjected to a nearly $1 million civil penalty? A national legal watchdog hopes the Pennsylvania Supreme Court will say yes, even though a lower court already said no. “When the government seeks to impose life-altering financial penalties for […]

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Lawsuit targets West Shore Home over allegedly unpaid work

Home improvement contractor West Shore Home is facing a class-action lawsuit alleging it failed to pay hourly sales reps for work they performed before and after their shifts began, charges that have been lobbed at numerous companies over the years The lawsuit alleges that West Shore Home sales reps had to log into their computers and work-related […]

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NJ operator mulls bid for senior living campuses in Central PA

A second suitor is eyeing a bid for the assets of SpiriTrust Lutheran, a York-based nonprofit senior living provider that filed for bankruptcy in November amid rising costs and declining revenue. The potential bidder is Lutheran Social Ministries of New Jersey, which has been managing SpiriTrust’s campuses under an agreement inked in February 2024, according to court […]

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Trustee seeks liquidation of Heller assets in lieu of reorganizing

The independent trustee overseeing the bankruptcy of Lancaster County business owner Daryl Heller wants to convert Heller’s case from a Chapter 11 reorganization to a Chapter 7 liquidation. It’s a matter of the finances, according to a filing this week by the trustee, Fred Stevens of New York-based law firm Klestadt Winters Jureller Southard & Stevens.  […]

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Local law firm hit by data breach

A data breach struck a Lancaster law firm this fall, exposing personal information on about 2,200 people, according to a notice filed with the Maine Attorney General’s office. Law firm BCGL LLC discovered the breach in October after identifying suspicious activity in its network, according to the notice, which the firm filed this month. The firm said it […]

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Court halts college’s bidding process amid legal challenge

A state appeals court has barred a Philadelphia-area community college from putting a project out to bid after a regional contractor group raised legal questions about union-friendly requirements attached to the process. The $1 million project — for construction of an advanced HVAC training lab at Bucks County Community College — was put out to […]

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Food processor settling water pollution claims

Hanover-based food processor Hanover Foods Corp. has agreed to pay a civil penalty and take other measures to settle water pollution claims lodged by a regional environmental group and echoed by state and federal regulators. The Lower Susquehanna Riverkeeper Association sued Hanover Foods in 2021 in federal court over wastewater discharges. State and federal regulators joined the suit […]

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NYC attorney named to oversee Heller assets

A federal court has officially named a trustee to oversee the assets of Daryl Heller, the Lancaster County business owner who declared Chapter 11 bankruptcy in February after the collapse of an ATM network he led.  Heller also faces federal charges alleging he defrauded investors in the network, which did business as Paramount Management Group. The trustee […]

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Court orders further review in case over medical cannabis testing

In a 5-2 ruling last week, the state Supreme Court upheld the authority of state regulators to issue rules for testing medical marijuana products before they hit the shelves. The ruling overturns a 2023 decision by Commonwealth Court that found regulators had exceeded their authority. Nonetheless, Pennsylvania’s top court sent the case back to the lower […]

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Judge blocks hearing on data center appeal

In a one-page order issued yesterday morning, a Lancaster County judge agreed to block Lancaster’s zoning hearing board from considering issues related to multibillion-dollar data center projects in the city. The board was scheduled to hold a hearing Monday to air the appeal of a city resident who questioned how the data centers were being […]

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Operations of troubled apartment complex handed to receiver

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

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Manufacturing

Local hatmakers struggle to survive despite decades of adaptation

One of the region’s oldest hat factories is closing, and a second could follow. The family owners of F&M Hat Company Inc. in Denver, Lancaster County, have been winding down the 113-year-old business over the last year, according to fourth-generation co-owner and president Ash Fichthorn. He called the decision “bittersweet.” But, he added, “We’re at peace […]

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Lawsuits follow CEO’s exit from Lanco flooring maker

When Brian Carson moved on this year from Lancaster County-based flooring manufacturer AHF Products, a press release described his six-year tenure as “highly successful.” The former CEO’s departure is proving highly litigious.  Carson, AHF Products, the company’s current private equity owners and its former owner are embroiled in a series of lawsuits filed in the wake […]

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Lanco fabricator changing hands

Structural fabricator Dutchland Inc. is undergoing a change in ownership three years after the Lancaster County company landed in the arms of private equity. In late 2022, Dutchland was acquired by Lexington, Kentucky-based MiddleGround Capital and folded into Lindsay Precast, now based in Gainesville, Florida. MiddleGround has now agreed to sell both companies to investment firm TJC, formerly known as The Jordan Co.  […]

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Mount Joy packaging maker sold

After more than 40 years in business, the sibling co-founders of a Mount Joy packaging company decided to hand over the reins. Founded in 1983, Phoenix/Packaging has been acquired by Elkhart, Indiana-based Welch Packaging Group Inc.  Welch was not the only buyer interested in Phoenix, according to John Davidson, a co-founder and vice president of marketing for Phoenix, […]

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York county firm strikes deal for Ohio paper plant

Spring Grove-based papermaker Pixelle Specialty Solutions LLC has found a buyer for an Ohio plant it closed over the summer. Pixelle has agreed to sell the plant in Chillicothe, Ohio, to U.S. Medical Glove Co., an Illinois-based company that makes medical gloves. In a news release, Pixelle said it expects $5.5 million in net proceeds from the sale […]

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Delays plague federal funding for factory services centers

Mantec, a York-based nonprofit that assists manufacturers across Central Pennsylvania, is facing an uncertain financial future for the second time this year. The uncertainty stems from a slowdown in federal funding for its sister centers in other parts of the U.S., as well as the government shutdown this week, according to Mantec president and CEO […]

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Capital-area firm sheds another Florida unit

Harrisburg-based manufacturer MITER Brands is continuing to retool its operations following a $3.1 billion acquisition last year.  The company said this week it divested a brand known as NewSouth Window Solutions, a Florida-based retailer selling windows built for hurricane-prone regions of the Southeast. MITER sold the business to Window Nation, a Fulton, Maryland-based company specializing in residential sales and […]

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New chief to run paper company in turnaround mode

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

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Capital-area company consolidating Florida operations

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

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Lanco flooring maker closing Kentucky plant

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

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Lebanon lumber business files bankruptcy amid sales slump

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

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Firm consolidating in former TE/AMP plant

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

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Manufacturer buys playgrounds specialist

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

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Utz closing plant amid efficiency drive

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

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Slowdown prompts more layoffs for lumber company

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

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Lancaster flooring maker buys firm with Chambersburg plant

Lancaster-based flooring manufacturer Ecore International has acquired a firm based in New York state with operations in Franklin County. The company is HTI Recycling, a tire collection, recycling and crumb rubber manufacturing company based in Lockport. The deal also includes HTI subsidiaries D&G Heavy Equipment Leasing and Edge Rubber Recycling, which has a plant in Chambersburg. Terms of the deal were […]

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York-area confectioner buys West Shore firm

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

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Harrisburg manufacturer sheds Florida porch division

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

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Marketing

Real Estate

Sheriff’s sale looms again for former Harrisburg Catholic school

After dodging the auction block in July, the former Bishop McDevitt High School in Harrisburg is once again facing a sheriff’s sale.  The sale is scheduled for the morning of Oct. 16, according to legal filings and the Dauphin County sheriff’s office. The sheriff’s office initially scheduled a sale in July. But it was postponed. At the […]

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Former Heller offices sold to wealth advisory

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

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Plans sought for Penn State York after campus closes

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

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Harrisburg-area golf course sold to data center developer

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

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York-area plaza fetches $16.4M

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

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Data center boom redefining industrial real estate

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

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

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

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Court backs denial of Hershey-area development

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

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Developer closes on former factory sale

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

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Carlisle Country Club sold, renovations planned

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

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AG settles claims against Lancaster-based property manager

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

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Retail

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 […]

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Shippensburg-area plaza sells for $6.6M

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

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Feds target hiring practices at Sheetz

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

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Apple auto biz to be sold

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

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Regional fireworks retailer sold

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

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Report: PA lags on innovation, entrepreneurship

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

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Bertram to leave Giant, Ruane stepping in

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

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Ollie’s hit with overtime lawsuits

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

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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 […]

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Technology

PA sites on short list for deep-pocketed startup

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

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Developer eyes multibillion-dollar data center campus near Carlisle

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

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Video-display installer sells stake to Lancaster firm

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

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State opens portal for reporting data breaches

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

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Data breach at Geisinger vendor affects 1M patients

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

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PennSpring-backed firm scoops up virtual paralegal service

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

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York fiber company co-founded by rock stars unloads assets

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

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Lanco financial firm merges with Denver peer

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

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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 […]

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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 […]

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Other Categories

Investors sue bank for alleged faulty oversight of Lancaster ATM operator

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

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Regional lawn-care company sold

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

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York-area brewer taps into downtown Lancaster

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

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School board denies tax abatement for York-area sports complex

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

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Sales include Camp Hill brownstone, Hanover industrial property

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

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

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

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

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

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Prominent York restaurant to see new life

Restaurateur Victor Claffey is gearing up to open a restaurant called Bloom in the former Left Bank Restaurant and Bar in downtown York. Claffey, an Irish native with two decades of restaurant experience in Ireland and the U.S., hopes to infuse new life into the space, which is one of the oldest fine-dining establishments in York. “I think there […]

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State residents leery of driverless vehicles

The adoption of driverless vehicles in Pennsylvania depends on resolving a host of legal, regulatory and technical challenges.  But it also may rest on cultivating a more positive public perception, judging by the reaction to draft guidelines for highly autonomous vehicles, or HAVs, published last month by PennDOT. HAVs include vehicles monitored and operated from a […]

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Harrisburg venue kicking off 25th anniversary party

Whitaker Center for Science and the Arts in Harrisburg is planning a birthday celebration this week designed to reintroduce the 25-year-old center to the community. The celebration kicks off Monday Sept. 9 with a private lunch for the center’s founding board and staff members, as well as other community leaders who helped bring Whitaker to Harrisburg. Tuesday […]

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Phoenix Contact USA

Phoenix Contact USA, based in Middletown, restructured its leadership team as of Sept. 1. The changes are in preparation for the Dec. 31 retirement of President Jack Nehlig after 23 years with the company. Heath Scoggin has been promoted to president of device connectors for the business area and will lead Phoenix Contact development and […]

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Neighbors claim York County winery is violating order allowing it to reopen

The land-use dispute between Moon Dancer Vineyards & Winery and neighboring homeowners is taking a new twist. In a legal filing last week in York County court, the neighbors, Amanda Perko and Matthew Balsavage argue that the winery in Lower Windsor Township appears to be violating limits on its operations set by a recent court order. […]

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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 […]

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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 […]

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