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 with […]
Mid Penn Bancorp is fielding a sports and entertainment division designed to cater to the financial needs of high-profile athletes and entertainers.The unit formalizes an area where Mid Penn already has been making inroads, said Jordan Space, the bank’s COO. Many celebrities have come to know and trust the Harrisburg-based bank through its annual celebrity golf tournament […]
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 the […]
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 helps […]
About a dozen years ago, several members of East Chestnut Street Mennonite Church in Lancaster banded together to start a nonprofit focused on creating affordable housing, with a focus on people experiencing homelessness.Their first project was the purchase and conversion of a single-family home at 639 E. Chestnut St. Over the next decade, the nonprofit […]
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 for […]
A state court has handed a preliminary legal victory to a business owner in a fight over the cost of connecting solar projects to the electric distribution system.The Pennsylvania Public Utility Commission had objected to the business owner’s lawsuit on procedural grounds. But in a ruling last week, Commonwealth Court overruled the objections, allowing the case […]
Frontier Airlines is ending service at Harrisburg International Airport effective May 13, according to HIA spokesperson Scott Miller. Frontier offers nonstop flights from HIA to Orlando and in previous years had offered a nonstop flight to Denver. The change is part of a larger reshuffling of Frontier routes, including the addition of 17 new flights around the U.S. […]
Pennsylvania employers added more than 111,000 jobs in 2023, pushing the number of nonfarm jobs to a new state record, nearly 6.2 million, according to the Department of Labor & Industry.The jobless rate, meanwhile, was at 3.5%, down from 4.3% a year earlier. But things may not be as healthy as they look. Pennsylvania could be […]
A court hearing on the bankruptcy sale of Governor’s Square apartment complex in uptown Harrisburg had been scheduled for Feb. 29. However, it has been moved to April 2 per an order from Chief Bankruptcy Judge Henry Van Eck of the U.S. Bankruptcy Court for the Middle District of Pennsylvania.Why is this happening: The complex’s […]
Earlier this year, Gov. Josh Shapiro rolled out a plan for economic development in Pennsylvania that is expected to unfold over the next decade. Progress is likely to be measured in shorter increments of time.State lawmakers, who are being asked to fund parts of the plan, could start asking for results by next year.And therein […]
Efforts to redevelop the former Red Lion Country Club in York County have taken a second hit.At a meeting on Feb. 27, zoning officials in York Township voted 3-2 to deny a developer’s request for a special exception to allow age-restricted housing under the property’s current zoning, which is for commercial office. “I don’t think […]
WellSpan Health has expanded to the east, west and south of its base in York County. The regional health system is now poised to reach north. WellSpan has agreed to acquire Evangelical Community Hospital, whose leaders have been looking for a partner that could shore up its ailing finances.Terms of the transaction, expected to close this summer, were […]
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 internet […]
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 equity firm […]
Pennsylvania’s top court has backed a lower court’s decision in a closely watched case involving application of the state’s prevailing wage law.The case hinged on conflicting views of the law, which sets a minimum wage for workers on publicly funded projects. What’s the issue: Whether prevailing wages should be paid on a private-sector project funded by […]
Federal housing officials are objecting to the proposed sale of Governor’s Square, a beleaguered Harrisburg apartment complex whose owner declared bankruptcy last year.In a court filing this week, the U.S. Department of Housing and Urban Development argues there are not enough guarantees that the potential deal will preserve the complex’s status as affordable housing. HUD […]
A regional health system is laying the groundwork for an aerial delivery service.WellSpan Health said yesterday it is partnering with San Francisco-based Zipline to offer a service that would ferry patient prescriptions, lab samples and medical products via autonomous drones.The health system offered no timeline for when service would begin.When it does, it would likely be the first […]
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