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Fed rate cut seen locally as positive signal

Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend. However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November. That’s the view of local financial executives who spoke yesterday with biznewsPA […]

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Study shows benefits from short-term medical cannabis use

Pennsylvania residents using medical cannabis to treat anxiety, chronic pain and other conditions saw improvements in their general health, emotional well-being, physical functioning and other quality-of-life measures over a three-month period, according to a study undertaken by researchers from the Philadelphia College of Osteopathic Medicine and funded by Organic Remedies, a Cumberland County medical-cannabis provider. Researchers recruited nearly […]

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Dickinson College

Seth Allen has been named vice president of enrollment management and dean of admissions at Dickinson College. He succeeds Cathy McDonald Davenport, who retired in 2023 after more than three decades with the Carlisle college. Allen worked most recently as vice president for strategy and dean of admissions and financial aid at Pomona College in Claremont, California, where he […]

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State residents leery of driverless vehicles

The adoption of driverless vehicles in Pennsylvania depends on resolving a host of legal, regulatory and technical challenges. But it also may rest on cultivating a more positive public perception, judging by the reaction to draft guidelines for highly autonomous vehicles, or HAVs, published last month by PennDOT. HAVs include vehicles monitored and operated from a […]

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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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FirstEnergy agrees to curb rate hikes in deal with customer groups

A tentative deal unveiled yesterday would slash the rate increases that were floated earlier this year for customers of Met Ed in Central Pennsylvania. In April, Met Ed parent FirstEnergy sought permission for a 9.2% rate hike for residential customers of Met Ed in Adams, Cumberland, Dauphin, Lebanon and York counties. But after facing pushback during the regulatory process, […]

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Lansdale firm buys Harrisburg insurance agency

Maple Insurance Group. a Harrisburg-based agency has been acquired by Union Bay Acquisition LLC, a Lansdale-based insurance-agency aggregator. Terms of the transaction were not disclosed. Following the acquisition, Maple is expected to continue doing business under its own name, said Gultaiz Sultan, Maple’s founder and president. While other buyers have made offers for the agency, Sultan […]

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Lancaster specialty medical practice sold

An equity-backed management company and one of its affiliated medical practices have acquired Keystone Urology Specialists, a medical practice with offices in Lancaster, Lebanon and Ephrata. The buyers are Solaris Health Holdings and The Centers for Advanced Urology, which does business as MidLantic Urology. Terms of the transaction were not disclosed. Following a short transition period, physicians […]

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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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Changing spaces 09.13.24

Sterling Investors LLC purchased a 1,960 square-foot property at 700 S. 26th St. in Penbrook. The office is slated to open Oct. 1 as The Positiff LLC Counseling Office. Ryan Murray and Joe Bedard of NAI CIR represented the seller, Doug Charney. Units 3 and 4 of the Northwood Office Condominium Center at 2213 Forest […]

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Barley Snyder

Kristen Hartman and Gloria Shatto have joined the Lancaster office of Barley Snyder as members of the law firm’s trust and estates practice group. Hartman worked most recently as chief fiduciary officer for Lancaster-based Fulton Private Bank. Before that, she worked for a regional law firm in estate planning, estate administration, and charitable and elder […]

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York County Economic Alliance

Shilvosky Buffaloe has been named director of strategic development and finance for the York County Economic Alliance, a new role for the nonprofit. Buffaloe worked most recently as a development officer for the Pennsylvania Housing Finance Agency but has extensive experience in York. He was head of the city’s economic development department from 2013 to 2019, […]

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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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Commonwealth Foundation

Andrew Lewis, a former state representative and business owner, has been named president and CEO of the Commonwealth Foundation, a conservative think tank in Harrisburg. He succeeds Charles Mitchell, who has led the organization since 2016. Lewis, a Republican, represented portions of Dauphin and Lebanon counties from 2018 to 2022 before deciding not to run […]

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Virtual-assistant biz makes third acquisition this year

The virtual-assistant business has been a source of real-world growth for Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital. Zirtual closed Friday on the acquisition of Double, a virtual-assistant business based in Brooklyn, New York. It’s the third deal this year for Zirtual since it was acquired by PennSpring in December. People hire virtual assistants to help […]

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Harrisburg venue kicking off 25th anniversary party

Whitaker Center for Science and the Arts in Harrisburg is planning a birthday celebration this week designed to reintroduce the 25-year-old center to the community. The celebration kicks off Monday Sept. 9 with a private lunch for the center’s founding board and staff members, as well as other community leaders who helped bring Whitaker to Harrisburg. Tuesday […]

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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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entrepreneurship

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Fed rate cut seen locally as positive signal

Study shows benefits from short-term medical cannabis use

Dickinson College

State residents leery of driverless vehicles

State opens portal for reporting data breaches

FirstEnergy agrees to curb rate hikes in deal with customer groups

Lansdale firm buys Harrisburg insurance agency

Lancaster specialty medical practice sold

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

Changing spaces 09.13.24

Barley Snyder

York County Economic Alliance

Agency in deal to buy former Carlisle factory

Regional real estate player buys Shippensburg firm

Commonwealth Foundation

Virtual-assistant biz makes third acquisition this year

Harrisburg venue kicking off 25th anniversary party

Deal broadens reach of equipment dealer

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