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PLAN UNVEILED FOR SUBURBAN HARRISBURG MALL

A Maryland developer has revealed its vision for what will replace the Harrisburg Mall, a longtime suburban destination destined for the wrecking ball. Baltimore-based St. John Properties is proposing a roughly 550,000 square-foot development — dubbed Swatara Exchange — that includes a mix of retail and commercial buildings, with a smidgen of office space. While the plan calls for […]

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Red Lion controls being sold for $345M

A Swedish company is hoping to strengthen its foothold in North America through the acquisition of Red Lion Controls, a specialty manufacturer based in Springettsbury Township, York County. HMS Networks has agreed to pay $345 million for Red Lion Controls in an all-cash deal slated to close in the first half of 2024. Red Lion Controls, which […]

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Inch appeals decision that nixed industrial development

An affiliate of real estate developer Inch & Co. is challenging a decision that reversed the zoning on a parcel of land it owns near Route 30 and Pennsylvania Avenue in Manchester Township, York County. Township officials rezoned the property in 2021 for industrial development. But after fierce public outcry and a challenge from the owner […]

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Orrstown, PeoplesBank to merge in $270M deal

A pair of longstanding local banks are coming together in a merger valued at $207 million. Under the all-stock deal, dubbed a merger of equals, the York County-based parent of PeoplesBank is merging into Shippensburg-based Orrstown Financial. The combined bank — which will take the Orrstown name — would have assets of roughly $5.2 billion and a network of 51 […]

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PA TAX-APPEAL PROCESS TARGETED FOR REFORM

Lawmakers are floating legislation they argue could lead to better results for Pennsylvania residents and businesses that challenge their state tax bills. The legislation would allow taxpayers in certain situations to file appeals past a statutory deadline. And in an effort to settle disputes more quickly, the legislation would create a new, independent mediation process. […]

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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 […]

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LANCO FLOORING MAKER BUYS NEWVILLE FIRM

Ecore International, a Lancaster-based company that makes flooring from recycled rubber, has purchased a Cumberland County company that collects and refurbishes old tires. The company, Newville-based Ameritread, fits in with Ecore’s goal of reusing and repurposing rubber products but also produces scrap that Ecore can incorporate into its own products. Terms of the transaction were not disclosed. […]

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WHAT’S AHEAD FOR CAMP HILL BANK

Thanks to a single deal, Linkbancorp went this year from doing business in one state to doing business in five. That deal was the bank’s merger this fall with Maryland-based Partners Bancorp. The all-stock deal closed at the end of November, followed by a bankwide conversion to the Linkbank brand over the first weekend in December, according to Andrew Samuel, […]

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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 […]

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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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Pew survey rekindles debate over state-backed IRA

A new survey claims to show that three-quarters of Pennsylvania’s small-business owners support the creation of a state-backed retirement plan that would automatically enroll workers — the kind of plan that was approved earlier this year in the state House. Nearly a quarter, or 26%, “strongly support” the idea, according to the survey, conducted by The Pew Charitable […]

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Lanco manufacturer sold to Texas private equity firm

A private equity firm focused on manufacturing has acquired ATI Corp., a family-owned company that makes equipment used in excavation and site preparation. Terms of the deal with Houston-based LDR Growth Partners were not disclosed. Based in East Earl Township, Lancaster County, ATI had been owned by Jansen Herr. The company — which employs more than 30 people […]

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NEW UNION VOTE ORDERED AT HERSHEY PLANT

To settle allegations that it violated federal law during a union election at a Virginia plant, The Hershey Co. has agreed to a do-over under a settlement with federal regulators. In the original election, held in early 2022, workers at the Stuarts Draft plant rejected joining the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. But the […]

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Court voids PA carbon-emission rules

A state court has tossed aside regulations that would have enrolled Pennsylvania in a multistate carbon-cutting program, regulations that were a climate-change priority for the former administration of Gov. Tom Wolf.At issue was whether the heart of the program — a market in which companies must buy credits to emit carbon — represented a fee or […]

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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 is […]

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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 […]

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Developer weighs new project in Lancaster area

High Real Estate Group LLC is taking the first step toward building a mixed-use development next to the suburban headquarters of Armstrong World Industries in Manor Township, Lancaster County.High has struck an agreement with Armstrong World to buy 476 acres south and west of the manufacturer’s campus, which sits off Columbia Avenue west of Lancaster city. Terms of the […]

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Court sides with solar firm in zoning battle

Gratz borough in Dauphin County failed to properly advertise a meeting where it set stricter zoning standards for solar energy systems even as a company was seeking permission to build a 17-megawatt project there.That was the ruling last week from a three-judge panel of Pennsylvania’s Commonwealth Court, which upheld a 2022 decision by Dauphin County […]

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PLAN UNVEILED FOR SUBURBAN HARRISBURG MALL

Red Lion controls being sold for $345M

Inch appeals decision that nixed industrial development

Orrstown, PeoplesBank to merge in $270M deal

PA TAX-APPEAL PROCESS TARGETED FOR REFORM

PA STARTUP TAPS INTO THE POWER OF HOME INSPECTIONS

LANCO FLOORING MAKER BUYS NEWVILLE FIRM

WHAT’S AHEAD FOR CAMP HILL BANK

PODCAST: INCLUSIVE HIRING

New PA venture fund in the works

Pew survey rekindles debate over state-backed IRA

Lanco manufacturer sold to Texas private equity firm

NEW UNION VOTE ORDERED AT HERSHEY PLANT

Court voids PA carbon-emission rules

VC firms land government funding

Region left out of federal tech hub awards

Developer weighs new project in Lancaster area

Court sides with solar firm in zoning battle

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• David Peck, Vice President of Business Development, Industrial Resolution

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