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Carlisle factory rehab snares state funds

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

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Federal Reserve Bank of Philadelphia

Curt Myers, the chairman and CEO of Lancaster-based Fulton Financial, has been named to the board of the Federal Reserve Bank of Philadelphia. Effective April 15, Myers is a class A director, meaning he is one of three board members representing the banking industry. Other members of the nine-person board represent the public. Myers succeeds Chris […]

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McNees Wallace & Nurick

Veronica Morrison has been hired by law firm McNees Wallace & Nurick. Morrison will work out of the firm’s Harrisburg office and is joining its construction and procurement group. She previously was a shareholder at Stevens & Lee, focusing on construction and real estate litigation. Morrison advises clients on all project phases, from preconstruction planning […]

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Steelton plant to close indefinitely, idling hundreds of workers

One of the capital region’s oldest and largest factories will be closing indefinitely this summer due to weak demand for its products, which include steel rails for trains, cranes and trolleys.  Ohio-based steelmaker Cleveland-Cliffs said Friday it plans by June 30 to wind down production at its plant in Steelton, along with plants in Conshohocken and Riverdale, […]

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WellSpan, Inch settle sports center lawsuit

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

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Investment Real Estate Group of Companies

Cynthia Helms has been hired as a controller for the Investment Real Estate Group of Companies. Helms has over 20 years of financial leadership expertise in real estate and fund accounting, including senior-level positions at several companies. At Investment Real Estate, she will lead a team of six accounting professionals and enhance analytical frameworks in […]

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Saxton & Stump

Saxton & Stump has recruited two high-profile litigators from Philadelphia-based Kleinbard, Shohin Vance and Joshua Voss. They are joining Saxton & Stump as shareholders in the Lancaster-based law firm’s commercial litigation, appellate and post-trial advocacy, and regulatory and government relations groups. Vance will be based in the firm’s Malvern office, while Voss will work out of […]

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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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Electric utilities tee up rate hikes for June

Utilities serving large swaths of Central Pennsylvania are putting a price tag on the impact of rising costs for electricity. PPL Electric Utilities announced yesterday that its residential and small-business customers will see a nearly 16% increase in the cost of electricity starting June 1. For FirstEnergy subsidiary Met Ed, the price is slated to climb 8%, according to […]

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Brown Plus

Brian Palmer has been named a tax manager in the Lancaster office of accountig and professional services firm Brown Plus. Brian was previouysly associate vice president of hinance at a higher education technology consulting firm. He was also a tax manager at a national accounting firm, where he advised clients across various industries on federal […]

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Developer buys former Lancaster baseball field

An entity affiliated with developer Joe Deerin of Deerin Cos. in Manheim Township paid $4.9 million for Stumpf Field, a longtime baseball field at 1350 Fruitville Pike near the city, according to county deed records. The seller, Jeff Sweigart, was represented in the transaction by Daniel Berger and Daniel Berger Jr., associate brokers with Lancaster-based U.S. Commercial […]

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

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

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PSECU

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

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Franklin & Marshall College

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

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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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Authority eyes purchase of former Lancaster factory

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

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