After closing more than 200 branches in 2023, PNC Bank said yesterday it is aiming to spend $1 billion over the next four years to renovate 1,200 branches nationwide and open 100 new ones in some of the country’s fastest-growing citiesBanks are cutting branches. But they also have been opening them in markets where they see potential […]
Harrisburg University of Science and Technology is planting the seeds for construction of a high-tech greenhouse in downtown York as part of a potentially broader investment in the White Rose city.The potential greenhouse project builds on the university’s Center for Advanced Agriculture and Sustainability, which was seeded in early 2022 by a $1 million donation from grocery chain The […]
State officials have narrowed the list of projects they are considering for a new funding program designed to prep industrial sites for development.The program, announced last fall by the Shapiro administration, drew more than 100 applicants seeking a total of more than $236 million. Officials are now focusing on a short list of 32 applicants […]
Fulton Financial has named an interim CFO following the resignation last week of Mark McCollom, who had been the bank’s finance chief since 2018.A regulatory filing and press release issued Friday did not disclose the reason for McCollom’s departure. Lancaster-based Fulton has named Beth Ann Chivinski as interim CFO while it conducts a formal search process to fill the position. […]
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 […]
Shortly after being named to lead Whitaker Center for Science and the Arts last fall, Mary Oliveira hit the ground listening.She wanted to learn from the experience of staff members who had weathered the Covid-19 shutdown and then kept the nonprofit center operating following the departure last March of its former leader, Ted Black.“They really […]
Lancaster-area officials, nonprofit executives and business leaders gathered yesterday to mark the next step in a nearly four-year journey to redevelop the former UPMC Lancaster campus along College Avenue.Nonprofit developer HDC MidAtlantic broke ground Feb. 7 on the first phase of redevelopment — a $23 million, 64-unit affordable-apartment building at 213 College Ave., the site of a vacant office […]
As part of his budget proposal for the state’s next fiscal year, Gov. Josh Shapiro is offering a remedy to the shortage of ready-for-business industrial spaces in Pennsylvania.It is a $500 million, bond-funded expansion of PA SITES, a program the governor rolled out last year on a pilot basis with $10 million in funding. The […]
A bumpy financial road is prompting local banks to tap the brakes on lending.Banks are still making loans. However, they may not be as aggressive in courting new business. Nor are companies eager to add debt, with interest rates still elevated and the economic outlook uncertain. A quarterly survey of bank loan officers by the Federal […]
Absence makes the list grow longer.It has been more than a year since state officials dished out funding under the Redevelopment Assistance Capital Program, aka RACP, a state program that backs high-profile projects around the state.Now, for the first time under Gov. Josh Shapiro, the state is preparing to award funding once again following an […]
In a bid to reduce debt and cut expenses, Hanover-based Utz Brands is unloading some of its snack brands and plants, including a facility in the Lititz area.In a deal valued at $182.5 million, the snack maker is selling plants in Manheim Township and Littletown, N.C. as well as the lease for a plant in Las Vegas, […]
Gov. Josh Shapiro laid out a vision for jumpstarting economic development in Pennsylvania during an address yesterday at OraSure Technologies, a medical diagnostics company in BethlehemThe 52-page strategy includes a mix of new funding, a focus on key industries and a series of other steps designed to make Pennsylvania more competitive in retaining and attracting workers and businesses […]
A Lebanon County judge has sided with a North Annville Township decision shooting down developers hoping to plant a roughly 858-acre solar farm in the rural municipality west of Lebanon city.The ruling, handed down last week, upholds a 2022 vote by North Annville supervisors to deny a conditional use permit to Lebanon Solar I LLC, a […]
Inflation punched something of a hole in the donut market last year.Consumers were still buying the sweet treats – and Duck Donuts opened a record 33 stores in 2023, according to Betsy Hamm, CEO of Duck Donuts, the growing franchisor based in Mechanicsburg, Cumberland County.But, she said, “Where we’re seeing that decline is in frequency. […]
Educators love it because they would no longer depend on legislative approval for annual state funding.Families buffeted by inflation — and reluctant to take on debt — will appreciate its promise of college tuition as low as $1,000 per semester. But critics wonder how much it will actually cost. “It” is the blueprint for higher […]
In a lawsuit filed this month, Lancaster city is accusing a neighboring township of not doing enough to prevent stormwater from flowing into the city’s sewer system, a problem that has been brewing for years.Among other alleged failures, officials in Manheim Township have not required developers to install adequate stormwater controls or paid for the […]
Tenants are raising a legal hurdle to the proposed sale of an affordable-apartment complex in uptown Harrisburg.A New Jersey firm bid just over $9.6 million to buy the complex, known as Governor’s Square, from its current owner, Uptown Partners, which filed for bankruptcy protection last year. The tenants, represented by an attorney from a Harrisburg-based nonprofit, have […]
A York County pretzel maker is looking to boost sales in both new and existing channels following a fresh infusion of venture capital. York-based White Rose Ventures has poured $500,000 into The Pretzel Co., which was founded in 2014 as York City Pretzel Co. White Rose previously invested $250,000 in the soft-pretzel maker, which is based in Manchester Township. […]
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