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Chase plans Carlisle Pike branch

Chase Bank, the retail banking arm of financial services giant JPMorgan Chase, is seeking permission to open a branch on the edge of Hampden Commons, a shopping plaza along Carlisle Pike in Hampden Township, Cumberland County. The bank is leasing a former M&T Bank branch at 5528 Carlisle Pike, according to Brad Rohrbaugh, retail director for York-based Bennett Williams […]

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Regional bank to cut six branches post-merger

Orrstown Financial Services is planning to shed six branches as it seeks to wring cost savings from its recent merger of equals with PeoplesBank parent Codorus Valley Bancorp. The closures, expected to take place in the fourth quarter, will result in a one-time pre-tax charge of $534,000 but yield annual pre-tax savings of about $1.7 million, according to a […]

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Lanco wealth advisory bought by Texas firm

Another local financial advisory has landed in the arms of a larger business. Rodgers & Associates Wealth Advisers, based in Manheim Township, Lancaster County, has been acquired by Bluespring Wealth Partners, an Austin, Texas-based firm that has scooped up more than two dozen wealth management firms since it was founded five years ago. Rodgers & Associates […]

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Fulton to shutter 19 branches

Fulton Financial is closing 19 branches in southeastern Pennsylvania, South Jersey and New York City three months after the bank’s emergency acquisition of failed Philadelphia lender Republic First Bank, a deal that deepened Fulton’s reach in the state’s largest market. Lancaster-based Fulton is closing 13 of its own branches and six former Republic branches, according to Fulton spokesperson […]

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Adams, York county banks forge $73.5M deal

After a run of more than 20 years, Traditions Bank in York County has agreed to be acquired by ACNB Corp., a Gettysburg-based institution aiming to push eastward into York and Lancaster counties. The all-stock deal, expected to close in the first quarter of 2025, is valued at $73.5 million. The combined bank would have assets of $3.3 […]

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Orrstown cutting jobs post-merger, but execs see growth ahead

Orrstown Financial Services is shedding about 135 jobs as part of its recently closed merger with Codorus Valley Bancorp, with the majority of the cuts landing in back-office areas such as marketing, technology, finance and risk management, according to bank executives. The cuts stem from overlapping operations of the two banks, Tom Quinn, Orrstown’s president and CEO, […]

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Stake in Rock Lititz company poised to change hands

Goldman Sachs Alternatives, a private equity arm of New York-based finance giant Goldman Sachs, has agreed to purchase a majority stake in TAIT, a live-entertainment production company based at Rock Lititz in Lancaster County. The seller is private equity firm Providence Equity Partners , which has had a stake in TAIT since 2019. Terms of the deal, which […]

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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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Select Medical’s workplace health unit files for IPO

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

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Startup nonprofit in Lancaster aims to persuade

Drew Mousetis understands the benefits of employee ownership. As a lead consultant for employee-owned software company Cargas in Lancaster, he enjoyed a sense of financial security that allowed him and his wife to purchase a new home in Lancaster County where they are raising their four young children. “You just can’t really put a value […]

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House panel OKs controversial swipe-fee legislation

In a party-line vote, a House panel approved legislation on June 12 to exempt Pennsylvania sales taxes from so-called swipe fees — the fees assessed to process transactions involving credit cards. Fourteen Democrats on the committee voted for the legislation, House Bill 2394, while 11 Republicans were opposed. The exemption would mean that on a $1 […]

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Banks, retailers spar over swipe-fee legislation

Pennsylvania banks and credit unions are pushing back on proposed state legislation that would exempt the sales-tax portion of retail purchases from so-called swipe or interchange fees — the fees charged by financial services companies for processing credit card payments. The fees are typically 1% to 3% of a transaction. Under the exemption, on a […]

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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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Inch & Co. launches $20M real estate fund

The founders of Inch & Co. are looking to raise $20 million from investors interested in backing the York-area company’s forays in multifamily housing. For the last 15 years, the company has leaned on its own resources, buttressed by capital from friends and family, said Jeff Inch, a co-founder and co-owner of Inch & Co. “Now […]

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Bank to form holding company

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

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Regional benefits firms merge

Lemoyne-based insurance and benefits agency Gunn-Mowery is expanding its footprint in York County The firm has acquired Central Penn Benefits, an insurance and benefits agency in West Manchester Township, York County. Terms of the transaction, which closed May 1, were not disclosed. But Central Penn Benefits will continue to operate under its own name and from its existing […]

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Camp Hill bank to shed NJ branches

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

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Amid improving finances, college misses bond payment

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

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

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

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Deal broadens reach of equipment dealer

A Harrisburg-area construction equipment dealership is extending its footprint southward through the acquisition of a company with offices in Maryland and Virginia. Stephenson Equipment Inc. said last week it purchased Valley Supply & Equipment, a business founded in 1982 by Howard Klein and last owned by his two sons, Adam and Brandon. Terms of the transaction […]

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$450M project taking shape on former state hospital grounds

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

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Former Harrisburg law office headed for residential conversion

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

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Financing is among ‘biggest challenges’ for Lancaster rehab

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

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Camp Hill firm combines with K.C. peer

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

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

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

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State funds boost projects in York, Adams, Lancaster, Lebanon

Developer Ben Sutton has been working for more than a year to bake new life into a former bakery plant in West York. This week, he secured a key ingredient: a low-interest state loan and accompanying grant totaling nearly $2.5 million in all. “It was the missing part,” Sutton said in an interview with biznewsPA. […]

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Inch taps construction vet for ops/finance chief

Inch & Co. Holdings, a York County construction and real estate development firm, has hired Mike Benshoof as its first-ever chief operations and financial officer. Benshoof, a construction industry veteran, was most recently president of Berks Homes, a regional home builder with offices in Mohnton, New Cumberland and State College. “We’re very, very happy to have […]

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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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Firms partner on $18.6M apartment project in Lebanon

Lebanon-based construction company Arthur Funk & Sons Inc. is teaming up with a Wisconsin-based developer to build a 48-unit affordable apartment complex on a roughly five-acre plot along Mount Pleasant Road in South Annville Township, Lebanon County A formal groundbreaking is scheduled for July 15, but site work already is underway, said Matthew Padron, managing director […]

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House OKs expansion to prevailing-wage law

A controversial effort to tweak Pennsylvania’s prevailing-wage law has cleared a key hurdle. The Democratic-controlled state House this week passed a bill containing the tweaks on a vote of 125 to 77, sending it to an uncertain future in the GOP-controlled Senate. What are the tweaks: The legislation, House Bill 2153, would apply prevailing wages […]

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Harristown undertaking $750K reno project

An affiliate of the nonprofit developer Harristown Enterprises is carving up a pair of vacant rowhomes at 104 and 106 Walnut St. in Harrisburg into four apartment units, ranging in size from 910 square feet to 1,690 square feet. The Harristown affiliate, Charming on Walnut LLC, bought the two Depression-era buildings in December 2023 in a […]

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Proposed tweaks to prevailing wage spur debate

Contractors and some lawmakers are pushing back against efforts to change how Pennsylvania officials apply prevailing wage law, which sets a floor for wages on publicly funded construction projects. Their target is legislation before the state House and Senate that critics argue will drive up costs for public works. “It’s simply the wrong solution for […]

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High court to hear dispute over prevailing wage

The Pennsylvania Supreme Court has agreed to hear a case involving application of prevailing wages to a $17.2 million build-to-lease project for a State Police barracks and training center in Luzerne County. Administrative rulings sought to apply prevailing wages to the project, based on the notion that the state’s 20-year lease for the property essentially […]

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York developer names CEO as founder moves to CFO

After 15 years of leading York-based Royal Square Development and Construction, Josh Hankey is stepping into a new role at the company he founded in 2009. Hankey is poised to become CFO and pass the CEO baton to Dylan Bauer, who joined Royal Square in 2014. In an interview, Hankey said the two executives had been […]

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Retirement community plans $27M building project

Senior-living provider Landis Homes plans to erect 35 villa-style residential units on the western edge of its campus in Manheim Township, Lancaster County. The $27 million project reflects continuing demand for retirement living — 34 of the units have already been pre-sold — said Corey Hamilton, CFO for the nonprofit. The units, mostly two-bedrooms, will range in […]

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Nashville twin in works for Rock Lititz

Rock Lititz, the live-entertainment campus in Lancaster County, is erecting a twin in Nashville, the longtime capital of country music and home to the Grand Ole Opry. Rock Lititz announced May 1 that it broke ground last month on Rock Nashville, a 40-acre campus that will feature 514,000 square feet of rehearsal space for touring musicians, […]

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entrepreneurship

Food

Regional law firm sets CEO succession

After a decade leading the law firm he co-founded in 2015, James Saxton is preparing to take on a new role. Saxton plans to step down as CEO of Lancaster-based Saxton & Stump at the end of this year and become its chairman, where he will continue to work on strategic initiatives for the firm. The next […]

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Embracing change, creating value

James Saxton was working as a healthcare attorney at the law firm Stevens & Lee when he partnered with Christopher Stump to start a new firm in Lancaster in 2015. But the law was not Saxton’s only focus. “I was a big, big believer in marketing and business discipline,” he said. Saxton has put those […]

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Scranton college leasing space for Franklin County training center

Lackawanna College is planning to open a satellite center in the Chambersburg area offering associate degrees in welding and fabrication skills. Pending approval from the U.S. Department of Education, the private college in Scranton hopes to open the center as early as the spring 2026 semester. The satellite center will be in Greene Township at […]

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Housing market shifting as sales slow

After years with sellers in charge, the local residential real estate market is slowly regaining its balance, a shift underscored by recent data on home sales. The numbers for August show steady growth in the number of homes on the market and a slowing pace of price increases. “This is probably the best balance we’ve […]

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WellSpan Health

Andrew Cochrane has been named president of WellSpan Chambersburg Hospital effective Oct. 6. He succeeds John Massimilla, who retired over the summer as leader of the 274-bed hospital in Franklin County. Cochrane worked most recently as head of an independent leadership consulting firm in the Minneapolis-St. Paul area in Minnesota. Before that, he held leadership […]

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Eco-services firm in Lititz sold

LandStudies, a Lititz-based firm specializing in watershed planning, stream restoration and other ecological landscaping services, has been acquired. The buyer is Wetland Studies and Solutions Inc., which operates under the umbrella of Kent, Ohio-based The Davey Tree Expert Co. Davey Tree provides a range of landscaping and tree care services to residential, commercial and utility customers. […]

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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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Investment Real Estate Group of Companies

Michelle Morin has been named an accounts payable specialist at Investment Real Estate Group of Companies, a York-based operator of self-storage facilities. She will manage accounts payable processes, vendor payments and financial recordkeeping while supporting daily operations across the organization. Morin brings more than 20 years of experience in accounts payable, vendor relations, expense processing, […]

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LNP Media Group

Digby Solomon has been named interim publisher of LNP Media Group, which publishes LNP LancasterOnline. Solomon is filling a role that has been vacant since the media outlet’s former owner, Lancaster-based Steinman Communications, donated it to WITF in 2023. WITF and LNP are now both owned by Pennon, a parent nonprofit established in 2024 and based in Swatara Township, Dauphin […]

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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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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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WellSpan Health

Dr. David Gasperack has been named senior vice president of primary care and population health for WellSpan Health. He was previously a vice president, regional chief medical officer and chief medical officer for primary care. In addition to overseeing primary care for the regional health system, Gasperack will lead development, planning and execution for WellSpan’s value-based […]

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Senior living campus buys neighboring tract

The Cross Keys Village The Brethren Home Community, a senior living campus in Oxford Township, Adams County, paid $5 million to buy a roughly 35-acre parcel next to its 334-acre campus, according to county deed records. The tract was previously owned by Frock Brothers Trucking Inc., which closed after being hit with federal charges for violating […]

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Lawsuit targets credit union over data breach at vendor

A local lawsuit related to a data breach at insurance and employee benefits brokerage Alera Group has prompted a local lawsuit. The lawsuit is not targeting Illinois-based Alera, however. It was filed last month against Members 1st Federal Credit Union, based in Hampden Township, Cumberland County. Filed in Cumberland County by a Members 1st employee, the lawsuit […]

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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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Shopping plaza changes hands

Trone Family Trust paid $3.6 million last month for Stillmeadow Plaza, a 24,000-square-foot shopping center in Manchester Township, York County, according to York-based ROCK Commercial Real Estate, which described the transaction as an investment sale. ROCK agent Ben Bode represented the seller, Ryan Run Properties LP. Mike Rohm of Camp Hill-based Landmark Commercial Realty represented the buyer.

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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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Lanco firm picks up two businesses

EHC Associates, an environmental services contractor based in Upper Leacock Township, Lancaster County, has acquired two companies for undisclosed terms.

Guv signs off on new tax-appeal option

Pennsylvania taxpayers are poised to get a new avenue for disputing tax bills they don’t like. Under legislation signed into law yesterday by Gov. Josh Shapiro, state officials will be rolling out independent mediation as a way to settle tax disputes before they reach state courts. Under previous law, taxpayers interested in a settlement would negotiate […]

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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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State testing $10M program to boost housing supply

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

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House OKs tax credits for new power generation

Companies that build or expand power plants in Pennsylvania stand to benefit from millions of dollars in tax credits under legislation approved in the state House. However, the companies would have to navigate complicated criteria to claim the credits, including requirements capping carbon emissions and setting minimum thresholds for capital spending. The legislation updates a […]

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PA revenue chief, state senator clash over tax-records request

A Pennsylvania state senator is escalating his dispute with the state revenue department over tax records related to an economic development zone in the Lehigh Valley. For the last few months, Sen. Jarrett Coleman has been seeking tax records related to a state-sanctioned improvement zone in downtown Allentown and questioning whether taxpayers are getting their […]

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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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$450M project taking shape on former state hospital grounds

The grounds of the former Harrisburg State Hospital are heading for a makeover. The Pennsylvania Department of General Services yesterday

In York speech, Trump pledges ‘pro-American overhaul’ to boost manufacturing

In a roughly 50-minute speech yesterday afternoon at a York factory, former President Donald Trump argued that, if elected for another term, he would usher in a U.S. manufacturing boom driven by higher tariffs, lower taxes, better trade deals and a reduction in energy costs. “Together, we will reclaim our nation’s destiny as the No. […]

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York-area manufacturer resolves harassment claims

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

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House OKs expansion to prevailing-wage law

A controversial effort to tweak Pennsylvania’s prevailing-wage law has cleared a key hurdle. The Democratic-controlled state House this week passed

Grant swells funding for $75M Codorus Greenway project

Federal funds are boosting plans to transform the banks of the Codorus Creek in York. The York County Economic Alliance has landed a $15 million infrastructure grant to help pay for the transformation plan, known as the Codorus Greenway project. “It’s certainly a big chunk, and it definitely helps propel the project,” said Kevin Schreiber, CEO of […]

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Health-equity proposal spurs questions from state lawmakers

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

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Panel OKs rules for professional licensing of ex-convicts

A state review panel signed off June 20 on rules designed to make it easier for people with criminal records to earn professional licenses. The approval is one of the final steps needed before the rules take effect. The Department of State, which oversees professional licensing in Pennsylvania, first proposed the rules in 2022. They […]

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Revamp of Harrisburg’s former federal office building snags affordable-housing funds

A state agency is showering about $7.4 million on Central Pennsylvania developers and nonprofits aiming to alleviate the shortage of affordable housing and combat homelessness. The grants announced this month by the Pennsylvania Housing Finance Agency range in size locally from less than $50,000 to an award of $500,000, which is being given to a construction company […]

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Accenture, a major state contractor, opens Harrisburg office

Accenture, which has landed some big-ticket state contracts, has opened an office in downtown Harrisburg at 20 N. Second St. The international professional services firm is leasing about 3,100 square feet on two floors of the building, which is also home to lobbying and communications firm Bravo Group. Accenture, which also has an office in Philadelphia, […]

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House panel OKs controversial swipe-fee legislation

In a party-line vote, a House panel approved legislation on June 12 to exempt Pennsylvania sales taxes from so-called swipe

Banks, retailers spar over swipe-fee legislation

Pennsylvania banks and credit unions are pushing back on proposed state legislation that would exempt the sales-tax portion of retail

Panel to reconsider rules for licensing ex-convicts

State officials are taking another crack at finalizing proposed rules that would make it easier for Pennsylvania residents with criminal records to earn professional licenses in fields ranging from accounting and nursing to cosmetology and real estate. The Department of State, which oversees professional licensure, issued a revised version of the rules this month after an earlier draft […]

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Lebanon startup readies medical device for market

When Seth Pheng began working at a medical cannabis dispensary in 2019, the longtime pharmacist noticed two things. One was that people really were coming in for the medicine, not for the marijuana.Two was that it was an industry crying out for standards similar to what he was used to in the traditional pharmacy business.Three […]

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Hershey-area startup acquired by Pittsburgh firm

A Pittsburgh-based life sciences company has acquired Fathom Pharma, a Hershey-area startup focused on developing safer pain medications. As a result of the deal, Fathom is now a subsidiary of Consegna Pharma. Other terms of the transaction were not disclosed.Together, the two companies hope to develop innovative products that treat overdoses, addiction and pain.They rely […]

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Lancaster entrepreneurs aim to tackle school-based mental health challenges

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

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Lancaster health lab rolls out welcome mat

After taking a break during the Covid-19 pandemic to focus internally, a Lancaster-based venture formed by some of the region’s biggest players in health care is welcoming its first outside partner in nearly two years: SkinIO, a Chicago-based company using technology to broaden access to dermatology screenings. People can use the SkinIO app to take […]

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Federal team extending stay at York hospital

A team of 20 medical professionals from the U.S. military plans to spend another 30 days pitching in at WellSpan York Hospital as the facility contends with a spike in Covid-19 cases.

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Order finds ATM operator in contempt

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

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Court backs Harrisburg vape shop in licensing spat

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

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Hearing raises new questions for beleaguered ATM network

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

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Court backs state claim to insurance fund surplus

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

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Legal woes mount for Lancaster-based ATM operator

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

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Case tests corporate liability for defunct subsidiary

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

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Deadline nears for business-reporting requirement

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

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Court tosses developer’s lawsuit over township fees

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

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High court reverses ruling in tax-refund case

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

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Deal would transfer control of beleaguered Harrisburg apartments

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

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York-area manufacturer sued over alleged retaliation

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

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Court OK sought for bankruptcy sale of Harrisburg-area winery

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

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

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

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Federal charges prompt suspension of York County judge

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

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Court docs disclose $2.8M offer for bankrupt winery

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

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Developer appeals ruling that blocks York-area warehouse rezoning

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

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PA court rules in Covid-era insurance case

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

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Lenders balk at bankrupt winery’s reorganization plan

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

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Hershey looks to cut jobs, costs

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

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Utz selling plants, brands in $182.5M deal

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 […]

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Vc firm ups investment in York-area food biz

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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York-area manufacturer makes acquisition

Flinchbaugh Engineering, an employee-owned contract manufacturer based in Hellam Township, York County, has purchased Billet Industries, a precision manufacturer also based in Hellam Township. Terms of the transaction, which took effect Jan. 1, were not disclosed. The acquisition reflects an effort by Flinchbaugh to diversify its business, according to a press release. The company makes […]

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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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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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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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Box maker eyes big investments in PA

One of the worlds’ largest recycled cardboard-box makers is planning to plow $500 million over the next decade into its Pennsylvania operations, which include a plant in the Carlisle area. The company is Pratt Industries, which has annual sales north of $6 billion and Australian-born businessperson Anthony Pratt at its helm. In a statement, Pratt said his company’s investment in Pennsylvania […]

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Agency mulls deal for shuttered factory

A subsidiary of the Cumberland Area Economic Development Corp. is exploring an acquisition of a recently shuttered Carlisle factory. The subsidiary, called the Real Estate Collaborative LLC, has signed a letter of intent to buy the plant formerly operated by The Frog, Switch & Manufacturing Co. at 600 E. High St. in the Cumberland County borough. But first, […]

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AMES parent to shutter local factories

Two capital-area factories are slated for closure as their parent company reconfigures its supply chain to boost profits in the face of slower sales and high U.S. overhead. New York-based Griffon Corp. said it plans to close Hampden Township and Harrisburg factories that make garden tools, wheelbarrows and other equipment for The AMES Companies, a Griffon subsidiary and longtime staple […]

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Firm to boost production of semiconductor materials in PA

A supplier to the semiconductor industry is plowing $300 million into an expansion of its operations in Schuylkill County. The investment by supplier EMD Electronics includes construction of a 96,500 square-foot facility near Tamaqua, expanding the company’s production of specialty gases used in semiconductor and electronics production. The company’s investment is expected to create at least 68 jobs […]

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Lancaster print plants to close

Citing a shrinking demand for catalogs and magazines — and rising costs for ink and paper — commercial printing giant LSC Communications is stopping the presses at its two plants in Lancaster County, laying off about 656 workers The closure comes more than two years after LSC was rescued from bankruptcy by a Connecticut-based conglomerate called Atlas Holdings. Executives […]

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Utz names next CEO

After steering one of the region’s largest private companies onto the public market, Utz Brands CEO Dylan Lissette is stepping into a new role. After 27 years with the Hanover-based snack maker, Lissette will become executive chairman of the company’s board on Dec.15.Utz’s new CEO will be Howard Friedman, currently COO of St. Louis-based Post Holdings, a consumer-packaged […]

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Harsco Headquarters sold to local developer

As it gears up for a move to Philadelphia, Harsco has unloaded its longtime Wormleysburg headquarters this year for $4.3 million. However, the roughly 42,000 square-foot building will remain a corporate headquarters.A partnership that includes Lemoyne-based Rhodes Development Group bought the building and plans to move there, along with two of its operating divisions, according to Larry Kluger, president and […]

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York equipment manufacturer makes add-on acquisition

Graham Engineering, a York-based equipment maker, has purchased a Berks County company with a complementary business. Graham Engineering makes machinery used in producing — or extruding — plastic parts ranging from car bumpers to catheters.Its new acquisition, Birdsboro-based Kennedy Tool & Die, specializes in making molds and tooling used in plastics-manufacturing processes called blow molding, rim […]

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With jobs in limbo, judge OKs Armstrong Flooring sale

The bankruptcy case of Armstrong Flooring is nearing its end. U.S. Bankruptcy Judge Mary Walrath approved the sale yesterday of the company’s North American assets to Mountville-based flooring manufacturer AHF Products and Boston-based Gordon Brothers. An AHF spokesperson said yesterday the company hopes to close on the $107 million deal by next Friday, July 22. Then what: AHF will […]

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Firms to pay $90M for overseas assets of Armstrong Flooring

After disclosing buyers for some of its operations in North America, Armstrong Flooring has unveiled deals to sell its remaining businesses. In a news release July 11, the company identified buyers for its operations in Australia and China. Who: The Australian assets — including a factory in Braeside, Victoria — are going to a group of companies identified […]

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Real Estate

Agency in deal to buy former Carlisle factory

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

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Regional real estate player buys Shippensburg firm

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

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Harrisburg seeks dismissal of apartment owner’s bankruptcy case

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

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Middletown-area warehouse sells for $170.5M

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

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Former Harrisburg law office headed for residential conversion

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

Financing is among ‘biggest challenges’ for Lancaster rehab

Business owner Jared Mizrahi is planning a $5 million makeover of a mixed-use property in downtown Lancaster. He just needs

York-area Sheetz site changes hands

The site of a future Sheetz store in York County sold at the end of July for a price of just over $3.8 million. The seller of the roughly 3.3-acre property at 4044 N. George St. was Molt LLC, a partnership headed by York-area restaurateur and real estate investor Themi Sacarellos, according to county deed records. The buyer […]

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Apartment owner claims Harrisburg hampering bankruptcy sale

Harrisburg officials are allegedly hindering the sale of a beleaguered apartment complex in the city’s uptown neighborhood, according to claims raised in federal bankruptcy court by the complex’s owner, Uptown Partners LP. At issue is a list of roughly 600 crucial code violations at the affordable-housing complex, known as Governor’s Square City officials have not shared […]

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West Shore college aims to sell surplus land, buildings

Central Penn College is looking to unload surplus land, townhomes and office space in and around its 58-acre campus in East Pennsboro Township, Cumberland County, through an RFP process overseen by Lemoyne-based RSR Realtors. College officials hope the properties attract developers with proposals that enhance the campus and benefit students. Potential partners could include medical providers […]

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Former cabinet plant sold for $3.3M

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

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Firms partner on $18.6M apartment project in Lebanon

Lebanon-based construction company Arthur Funk & Sons Inc. is teaming up with a Wisconsin-based developer to build a 48-unit affordable apartment

Carlisle apartment complexes change hands

A Philadelphia-area apartment owner has scooped up a pair of Carlisle-area complexes alongside nine other properties around the state. The Carlisle-area properties — the 93-unit Hanover Manor and 80-unit Carlwynne Manor — are the two smallest properties taken in the deal, which includes more than 3,400 units overall, The other properties are in Allentown, Reading, […]

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Revamp of Harrisburg’s former federal office building snags affordable-housing funds

A state agency is showering about $7.4 million on Central Pennsylvania developers and nonprofits aiming to alleviate the shortage of

Accenture, a major state contractor, opens Harrisburg office

Accenture, which has landed some big-ticket state contracts, has opened an office in downtown Harrisburg at 20 N. Second St.

Developer eyes mixed-use project for 26-acre Lanco tgract

Apartments and a hotel could be coming to the former Shawnee Resort property along Oregon Pike in Manheim Township, Lancaster County. Property owners Surender Singh and Manjeet Kaur, doing business as Kirpa Estates LP, envision a mixed-use development on the 26-acre site incorporating apartment buildings, a hotel and other retail buildings, according to Matt Creme, their […]

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Pallet company buying Chambersburg-area facility for relocation

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

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York developer names CEO as founder moves to CFO

After 15 years of leading York-based Royal Square Development and Construction, Josh Hankey is stepping into a new role at the

Former school for sale amid dispute between owner, tenant with redevelopment plans

The former Bishop McDevitt High School in Harrisburg is on the market amid a dispute between its owner and its chief tenant, a development company led by a former NFL player. Owner Jeremy Hunter of William Penn Holdings Inc. announced the building was for sale in a Facebook post on May 24. The post has led […]

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Highs donate real estate biz to family foundation

The High family is presenting a second major gift to their family foundation. The family’s ownership of Lancaster County-based High Real Estate Group is being transferred to High Foundation, the foundation announced on Dec. 20. The year-end gift follows the donation last year of High Industries, which was valued at nearly $115.2 million. The value of the real estate company was not disclosed but […]

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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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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 […]

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Brokerage buys capital-area advisory firm

A Harrisburg-area financial advisory has joined the wave of consolidation washing over the industry. Comprehensive Financial Associates, based in Susquehanna Township, has been acquired by insurance and benefits brokerage AssuredPartners, according to a press release from Wise Rhino Group, the M&A firm that advised Comprehensive Financial. Terms of the transaction were not disclosed. But it also includes […]

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Black-owned firms tapped for legal services program

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

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Podcast: Childcare challenges

The challenges for childcare providers have not eased since the pandemic. If anything, they have grown steeper, as providers struggle to retain and attract workers at a time of rising wages. But if business leaders have learned anything over the last few years, it is that working parents need access to quality childcare if they […]

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Land-use fights flare across Central PA

The ground may be cold but battles over land use in Central Pennsylvania are heating up. Residents and developers are clashing on several fronts across the region. Not surprisingly, proposed warehouses are among the sharpest points of contention. Large-scale solar projects have triggered outcries, as well. But disputes also have arisen over housing, most notably in […]

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Nonprofit sues bank after alleged account fraud

Fraudsters drained nearly $250,000 from bank accounts of the Center for Independent Living of Central PA, and the Harrisburg-based nonprofit wants its bank, Mid Penn Bank, to refund the money, according to a lawsuit filed last week in Dauphin County court. The Harrisburg-based bank allegedly failed to enforce “commercially reasonable” security controls on the accounts and thus […]

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Court ruling could prompt millions in corporate tax refunds

Thanks to a recent court ruling, the commonwealth of Pennsylvania could be on the hook for more than $100 million in tax refunds to businesses. The ruling came in a case that arose over provisions outlining how companies can use past losses to lower their tax bills. Some corporate taxpayers have claimed, successfully, that provisions […]

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Local agencies win money, role in new small-biz funding program

State officials fired the starting gun and now economic-development officials across Central Pennsylvania are off to the races. In an announcement Sept. 13, the Department of Community and Economic Development unveiled the local agencies that will play a role in distributing $246.7 million to small businesses statewide under a federal program called the State Small […]

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The ups, downs and continuing sagas of 2021

Like their peers around the U.S., local businesses were battered in 2021 by inflation, labor shortages and supply chain glitches – not to mention the persistent challenge of navigating Covid-19. But there also were ups and downs unique to Central Pennsylvania. Like what: On the upside, a new hospital opened — and another is on […]

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

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

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York-area manufacturer gears up for life, uncertain economy after shutdown

When its doors reopen this month, York County manufacturer Weldon Solutions will be proceeding with caution: The company plans to bring back a portion of its 40 workers at a time. “I want to see what it looks like to bring more and more people in,” said Travis Gentzler, Weldon’s president. “I don’t want to […]

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To gain edge, West Shore gallery goes virtual

Given the limits imposed by social distancing, Doug Koozer considered canceling the opening scheduled for this weekend at his art gallery on the West Shore. But he and his business partner, Jason Kreiger, decided to forge ahead.

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Lancaster County hat maker hangs on

Online sales are still flowing for Bollman Hat Co. in Lancaster County. And the company has started making and selling wool felt masks. But revenue is 10% of what it was before the Covid-19 pandemic. That has meant some tough decisions at the employee-owned company.

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Thinking twice, but making masks and looking ahead

The orders are the easy part for Allegheny York LLC, a small manufacturer in Manchester Township, York County. They have been pouring in ever since a TV news feature on the company’s efforts to make plastic face shields, said Elisha Weir, vice president and sales lead for Allegheny York, which she co-owns with her husband, […]

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A pioneer of coworking preps for a comeback

Over the last decade, Anne Kirby transformed The Candy Factory from an object of curiosity into a beacon of community. This year — the 10th anniversary of the Lancaster coworking space — was poised to be its best yet, she said. Then, in mid-March, Kirby began the difficult process of winding it down, even before […]

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Modeling compassion in the crucible of Covid-19

The consultants at Work Wisdom were used to the video-conferencing app Zoom, the instant-messaging service Slack and other tech tools that connect people remotely. The team at Work Wisdom in Lancaster, from left: Mary Alice Fallon Feskey; Jamie Arroyo; Kate Coleman; Donunshae Sanders; Kedren Crosby; Kimberlee Peifer; Sarah Colantonio; Randy Berridge; and Anne Parmer. (PHOTO/SUBMITTED) […]

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