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Banking & Finance

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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Fulton buys failed Philly bank

Fulton Bank was on the receiving end on the afternoon of April 26 when state regulators shut down and brokered a sale of Republic First Bank, a troubled Philadelphia-based lender that does business as Republic Bank. As a result, Fulton has acquired most of the assets and branches of Republic First, expanding the Lancaster bank’s footprint in the […]

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York adopts new financing tool for green projects

York County commissioners last week approved the county’s participation in a program that offers specialized financing tools for clean-energy and energy-efficiency projects. The program, offered in partnership with Schnecksville-based Sustainable Energy Fund, is called the Commercial Property Assessed Clean Energy program, or C-PACE. How does it work: Commercial and nonprofit property owners tap the program to […]

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First Dauphin branch in the works for F&M Trust

The chief banking subsidiary of Chambersburg-based Franklin Financial Services has broken ground on a new branch at 4765 Linglestown Road in Lower Paxton Township. It will be F&M Trust‘s first free-standing, full-service branch in Dauphin County. “It’s a natural progression of our growth and activity in the capital region, specifically Dauphin County,” F&M Trust president and CEO Tim […]

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Board rejects tax abatement for North York sports complex

Local school officials declined to award a tax abatement for a recreational sports center slated for construction in North York. York-area developer Inch & Co. has been asking the Central York school board for local tax relief for the $34.5 million project, which is backed by WellSpan Health. But at a meeting Wednesday evening, the board’s three-member business […]

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Beverage distributor pouring millions into new center

A regional beverage distributor is planning a $100 million-plus sales and distribution center in Lebanon County that will replace a smaller facility on the West Shore. ACCB Harrisburg RE LLC, a local subsidiary of Pittsburgh-based ABARTA Coca-Cola Beverages, is building the 240,000 square-foot center on a roughly 52-acre lot in South Lebanon Township. It would be the […]

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Lebanon supplier relocates HQ

The corporate headquarters of APR Supply, a distributor of HVAC and plumbing supplies, is moving from Lebanon to an office building in Manheim Township, Lancaster County. In a statement, company president and CEO Scott Weaver attributed the move to the company’s growth. APR has acquired several firms in recent years and now has about 475 employees […]

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Panel denies zoning request for Inch & Co. housing plan

In a unanimous decision, the Manchester Township zoning hearing board rejected a request that they alter zoning rules for a proposed housing development along Pennsylvania Avenue south of Route 30. The board members said that -based developer Inch & Co. had not adequately justified its need for zoning relief. Inch proposed building 109 single-family homes on […]

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Warehouse-ready tracts in Harrisburg area change hands

Following a legal battle with local officials, San Francisco-based developer Prologis is taking the next step in its efforts to build a warehouse in suburban Harrisburg. The company shelled out $24.25 million for two tracts off Linglestown Road in West Hanover Township where it plans to erect the 1.1 million square-foot building, according to county deed records. […]

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Apartment-ready tract near E-town fetches $8.7M

One of the nation’s largest apartment operators has scooped up a development-ready tract in northwestern Lancaster County. An affiliate of Greystar paid nearly $8.7 million for the tract, which is poised to house an 11-building, 280-unit apartment complex, according to county deed records. The seller was 1376 Campus Road Associates LLC, an affiliate of Catalyst Commercial Development, a West […]

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PPL eyes $131M power-line project in southern York

Ripples from the data-center revolution are continuing to wash over Central Pennsylvania. The latest ripple is a $131 million project from PPL Corp. designed to upgrade power lines and build a new switchyard in southern York County. The project is designed to improve reliability of the electric system in light of growing demand, including from data […]

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Developer eyes townhomes on former Dentsply campus

It has been nearly a year since the former Dentsply campus in York city changed hands, fueling hopes for the property’s redevelopment. Hopes are now turning into blueprints. Developer York Realty Partners LLC has outlined plans for 62 townhomes on a portion of the 17.3-acre campus. The townhomes, dubbed the Towns at York Creek, would rise on parking lots behind […]

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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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West Shore electrical contractor changes hands

Harrisburg-area business owner Anthony Worrall has added a third company to his portfolio. The owner of Reynolds Restoration Services and IT services company Everound has acquired SECCO Electric, a commercial contractor based in Lower Allen Township, Cumberland County. Terms of the transaction were not disclosed. In an interview, Worrall said he was interested not in supercharging growth or changing SECCO, […]

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West Shore construction supplier sold

Valley Supply Inc., a Mechanicsburg-area distributor of concrete accessories, fabricated rebar, chemicals and safety products for the construction industry. The company has been acquired by White Cap, a growing, Atlanta-based construction supplies distributor. Terms of the transaction were not disclosed, but Valley Supply will continue under its own name and existing leaders, Harvey Sipe and Linda […]

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Regional projects land state funding

High-profile construction projects around the region are in line for millions of dollars in state funding under grant awards disclosed Friday. Beneficiaries include a proposed sports complex in North York, a residential project underway in Lancaster County and the planned makeover of Harrisburg’s former federal building. They are among more than 400 projects statewide awarded […]

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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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Mixed-use project is ‘first phase of final phase’ for York tract

Officials in York have toiled for more than two decades to bring development to the Northwest Triangle, a former industrial tract along the Codorus Creek in the city’s northwest corner. They filled in pieces here and there over the years. On Oct. 10, they celebrated what is likely to be the final piece: a mixed-use […]

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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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Houck exec aims to bring down suicide risk in construction

After her older brother died by suicide nearly 20 years ago, Kara McCaffrey felt drawn toward efforts to prevent others from following. “It’s just something that I’ve always cared about,” said McCaffrey, whose family owns Houck Group, a regional construction contractor based in West Hanover Township, Dauphin County. The personal became professional when she started […]

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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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entrepreneurship

Food

Agency shelves controversial tax proposal

Pennsylvania’s tax collectors have dropped a controversial proposal designed to clarify the corporate income they believe should be taxed. Put forward in spring 2024, the proposed rule aimed to settle long-running sources of friction between the Pennsylvania Department of Revenue and corporate taxpayers by defining just what kinds of business income are subject to taxation […]

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Guilty plea lodged in broadband subsidy fraud

The owner of a Lititz-area wireless company pleaded guilty yesterday to defrauding a federal program that subsidized broadband internet access during the Covid-19 pandemic, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania. Krandon Wenger allegedly claimed falsely that hundreds of his company’s customers lived on tribal lands, enabling it to collect […]

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TMI restart overcomes speed bump tied to grid connection

Baltimore-based power company Constellation Energy overcame a crucial hurdle yesterday in its bid to restart an idled nuclear plant on Three Mile Island in Dauphin County. Federal energy regulators gave Constellation clearance to connect the plant — now known as the Crane Clean Energy Center — to the grid by transferring connection rights held by […]

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Ollie’s Bargain Outlet Holdings Inc.

Jared Shure has been named general counsel and corporate secretary at Ollie’s Bargain Outlet Holdings Inc. He succeeds James Comitale, who stepped down last month after five years with the Harrisburg-based discount retailer. Shure joins Ollie’s from specialty apparel retailer The Children’s Place, where he was chief administrative officer, general counsel and corporate secretary. Shure, who […]

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WellSpan Health

Dr. Kevin Lewis has been named chief physician executive at WellSpan Health. He succeeds Anthony Aquilina, who is retiring in July after a six-year stint as the top doctor for the regional health system based in York. In addition to his role as chief physician, Lewis will be president of WellSpan Medical Group and a board […]

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Case over property tax appeals divides high court

Pennsylvania’s top court split over a landmark decision allowing school districts to appeal property valuations based on the amount of fresh tax revenue the appeals might generate. The appeals are most likely to affect higher-value commercial, industrial and multifamily properties. But as long as school districts pick properties based on a policy designed solely on […]

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Saxton & Stump

Yuan Han has joined Saxton & Stump as senior counsel in the firm’s intellectual property and business litigation groups. Han focuses on drafting, prosecuting and managing patent portfolios across industries including chemicals, pharmaceuticals, advanced materials, semiconductors and medical devices. He is also fluent in Mandarin Chinese and provides training in U.S. patent law to firms […]

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Community Progress Council

Kim Soderberg has been named director of community relations at Community Progress Council, a York-based nonprofit community action agency. She succeeds Tom O’Connor, who was promoted to chief development officer. Soderberg will lead the organization’s grant strategy, identify new funding opportunities and collaborate across departments to strengthen community relationships and expand awareness of CPC’s programs. […]

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Court orders regulators to reconsider sewer merger

A decision by state regulators to block a utility deal involving Mechanicsburg-based Pennsylvania American Water is headed for a do-over. In a ruling last week, Commonwealth Court vacated the decision and asked regulators to take another look at the deal. The Pennsylvania Public Utility Commission relied on outdated legal precedents when it nixed Pennsylvania American’s roughly […]

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Carlisle redevelopment project gets more state aid

Pennsylvania is earmarking additional funding for the cleanup of a former industrial site in Carlisle slated for a mixed-use redevelopment. The state has awarded $750,000 toward environmental remediation on the site of the former Frog Switch & Manufacturing plant at 600 E. High St. in the borough. The company closed in July 2023 after more than a […]

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York developer unveils $4.6M hotel project

Another boutique hotel is coming to downtown York. Royal Square Development and Construction is unveiling plans for Mural Arts Hotel, a 20-room venue occupying a prominent, five-story building at 1 S. George St. on York’s Continental Square. It’s the first hotel project for York-based Royal Square, which has focused previously on retail and multifamily developments in […]

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The Hershey Co.

Mitchell Arends has been named chief supply chain officer at The Hershey Co., effective June 22. He succeeds Jason Reiman, who is retiring after a 30-year career with the company. Reiman will remain through April 2027 to ensure a smooth transition. Arends is currently executive vice president, principal operating officer and chief integrated supply chain […]

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Self-storage coming to former furniture store on West Shore

People used to swing by the former N.B. Liebman store on the Carlisle Pike in search of stuff that they wanted to fit inside their homes. They will soon be able to use the building to store stuff that doesn’t fit. An investor group led by developer Drew Bobincheck paid about $6.7 million for the […]

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Shapiro seeks conditions on lucrative tax break for data centers

Following up on a promise he made earlier this year, Gov. Josh Shapiro yesterday unveiled the details of a fast track for data centers seeking state permits. In return for a speedier review, developers would have to meet minimum standards for protecting the environment, benefiting communities and creating jobs. The governor’s pitch includes a stick […]

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Catering business on the move

Lancaster-based Enck’s Plus Catering is planning to relocate next month to the Brossman Building in Ephrata as part of a broader investment by company owner Jim Hecker, according to manager Kylie Shea. In addition to moving his catering business to the building, Hecker also plans to open an authentic Italian American restaurant, called JaKob’s, there. The […]

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As sales fall, flooring firm files bankruptcy

A Harrisburg-area flooring supplier is heading for liquidation. Frontier Surfaces filed for Chapter 7 bankruptcy in mid-April after seeing its revenue cut by two-thirds in 2025, according to legal filings. It’s unclear what triggered the filing. Efforts to reach company founder and owner Scott Appel and his bankruptcy attorney were not successful. But the flooring industry, […]

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Lancaster beverage startup plots recovery after production setback

Dr. Jordan Balencic raised nearly $1.7 million for ERApeutics LLC, a Lancaster-based beverage startup he co-founded in 2018 with his wife, Tessa. But after a costly series of production setbacks, exacerbated by the post-pandemic supply chain squeeze of the early 2020s, he didn’t think he could raise more. Nonetheless, he was not ready to pack it […]

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Court backs prevailing wages in build-to-lease deal

Pennsylvania’s top court reversed a lower court ruling in a case involving prevailing wages, a form of minimum pay applied to government-funded construction projects Commonwealth Court ruled in 2023 that prevailing wages should not apply to the construction of a building leased to the Pennsylvania State Police. But the decision was overturned this week by […]

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Feds OK Shapiro-backed deal on power prices

Federal regulators this week ratified a deal between Gov. Josh Shapiro and the operator of Pennsylvania’s electric grid to soften looming spikes in the cost of power. Rates already are set to jump this summer, largely due to growing demand and a dearth of new power plants. In the absence of the agreement, prices could […]

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Federal cuts hit manufacturing services providers

The federal government has canceled contracts with organizations that assist small and midsized manufacturers in 10 states, cutting off a major source of funding. Pennsylvania is not one of the 10. Nonetheless, the cancellations raise questions about the fate of similar organizations in the Keystone State, including York-based Mantec. The nonprofit receives federal funding via a […]

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Regional repair shop faces federal charges

Federal authorities are leveling pollution-related charges against Pro Diesel Werks, a vehicle service business with operations in Lebanon and Reading, as well the company’s owner and a service manager. They allegedy violated the federal Clean Air Act by disabling pollution control systems on diesel vehicles and tampering with their diagnostic systems, which are supposed to […]

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York, Lanco rehab projects land state grants

The state is pouring more than $1.3 million into a pair of renovation projects in York and Lancaster counties as part of a program to fund downtown revitalization. Lancaster-based nonprofit Community Basics Inc. landed $823,917 to rehab a 23-unit affordable-housing complex in Maytown called Three Center Square. The York County Industrial Development Authority is getting $504,050 to advance […]

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Harrisburg planners OK first steps in hospital redevelopment

Harrisburg’s planning commission unanimously approved a plan last week to subdivide the former Polyclinic Hospital campus last week, clearing the way for a developer to begin the first phase of a $45 million mixed-use project in the city’s Uptown neighborhood. The commission also approved a change to the property’s zoning from institutional to commercial neighborhood. […]

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Audit: Lapsed UPMC recordkeeping led to Medicaid overpayments

Due to recordkeeping lapses by UPMC Health Plan, a state agency reimbursed the health insurer for Medicaid recipients who were not eligible for the program, including some who had died, according to an audit released yesterday by the office of Pennsylvania Auditor General Tim DeFoor. The resulting overpayments to UPMC totaled $357,048 in 2022, according to the […]

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Court upholds reimbursement for CBD oil

Pennsylvania’s top court has backed the right of injured workers to reimbursement for CBD oil as long as it’s included in a doctor’s plan for treating their injuries. The unanimous ruling from the Pennsylvania Supreme Court comes in a case that has been winding through administrative and legal processes since 2019. Among the issues was […]

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House panel to vote on healthcare violence bill

Just over a month after a deadly attack at UPMC Memorial hospital in York County, state lawmakers are poised to take up legislation addressing violence in the healthcare workplace. The legislation, House Bill 926, is scheduled for a vote March 25 in the House Labor & Industry Committee. Advocates note that healthcare workers are more likely than others […]

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Lawmaker pitches power plan

A state lawmaker is seeking support for legislation that would make it easier for regulated electric utilities to invest in and possibly own power plants, an idea recently floated by executives at Allentown-based PPL Electric Utilities. The concept responds to growing concerns that the electric grid is not adding enough new power to accommodate a surge in […]

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Trump order targets funding for nonprofit community lenders

Finanta, a nonprofit based in Lancaster, is expecting millions of dollars from the federal government this year to further its mission, which includes lending to businesses in poor communities. But the federal fund that provides those dollars is among several programs targeted for cuts or possible elimination under an executive order issued late Friday by President […]

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Central PA bank-fraud ring busted

State police broke up a bank-fraud ring that drained more than $3 million from accounts of customers at Members 1st Federal Credit Union, according to a criminal complaint filed in a Cumberland County magisterial district. The credit union, based in Hampden Township, Cumberland County, reimbursed the losses suffered by its members. News of the bust came […]

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EV chargers completed amid funding uncertainty

State officials yesterday celebrated the opening of three new stations for charging electric vehicles amid uncertainty over the federal funding that helped pay for them. The new stations — in Cumberland, Franklin and Susquehanna counties — are funded by a $7.5 billion program designed to make it easier for drivers nationwide to find EV chargers. […]

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Auditor general urges cyber school funding reform

Revenue spiked nearly 90% for five statewide cyber charter schools as they attracted students during and after the Covid-19 pandemic. While the schools spent some of the money on gift cards, employee bonuses, lobbying and real estate, they were operating within the bounds of the law, according to an audit of the schools unveiled yesterday by […]

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State aims to cut back on leased space

After nearly half a century, Harrisburg’s tallest building is set to lose its place as a destination for state employees. The state government is set to vacate the 22-story building over the next two years as part of a broader reshuffling designed to scale back its use of leased office space. The move reflects the […]

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Panel denies zoning request for Inch & Co. housing plan

In a unanimous decision, the Manchester Township zoning hearing board rejected a request that they alter zoning rules for a

Opening salvoes fired in budget debate

In a budget address yesterday, Gov. Josh Shapiro rattled off a series of ideas for the fiscal year that starts July 1. GOP lawmakers focused on the bottom line — a proposed budget of $51.47 billion that they decried as irresponsible and unsustainable. The governor and state lawmakers — along with plenty of lobbyists — […]

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Shapiro rolls out plan to spur energy development

Continuing efforts to put his stamp on state energy policy, Gov. Josh Shapiro outlined a six-point plan yesterday for tackling the basket of challenges plaguing consumers and producers of energy in Pennsylvania. The so-called “Lightning Plan” combines a mix of new and old ideas designed to lower prices for consumers, speed up construction of new […]

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Another reporting requirement looms for PA biz

Business owners are slowly waking up to a new reporting requirement in Pennsylvania. Under the requirement, businesses of nearly every stripe must report annually to the Pennsylvania Department of State their names, addresses and principal officers, among other things. It is separate from the federal reporting requirement enacted under the Corporate Transparency Act — a law […]

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Insurers seek higher premiums for ACA plans

Health insurance premiums are set to jump for people and small businesses shopping for policies offered under the Affordable Care Act in 2023. Insurers are asking for an average increase of 7.1% on individual policies and 5.2% on policies for small groups, according to the Pennsylvania Insurance Department, which has to sign off on the […]

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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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Judge offers temporary cease-fire in loan fight between bank, flooring firm

After listening to both sides of a loan dispute yesterday morning, a Dauphin County judge outlined a potential truce and asked attorneys to put it in writing. Harrisburg-area flooring supplier Frontier Surfaces claims it is on the brink of financial collapse following efforts by regional lender Mid Penn Bancorp to collect on a $4 million loan to the company. […]

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Court backs denial of Hershey-area development

A state appeals court last week upheld a decision by local officials to deny a mixed-use development that included a proposed Sheetz store in Derry Township, Dauphin County. Dubbed Governor’s Crossing, the project was proposed for the southwest corner of West Governor and Fishburn roads south of downtown Hershey. But in November 2023, supervisors in Derry Township […]

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Regional contractors clash over hospital project

A York contractor claims it has not been paid in full for work it performed earlier this year on a multimillion-dollar project to expand a local hospital. In a lawsuit filed Tuesday in York County court, Kinsley Construction LLC says it was hired by other contractors in 2024 to provide concrete for the foundation of a new […]

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Flooring firm levels new charges in loan dispute

A regional bank allegedly relied on false premises to seize $1.6 million in inventory from a Harrisburg-area flooring company, according to a legal complaint filed by the company against the bank. The complaint, filed last week in Dauphin County court against Mid Penn Bank, is the latest salvo in a dispute over an alleged loan default by […]

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Court declines to reconsider solar case

Gratz Borough will not be getting another day in court for its long-running case against a proposed solar project – at least not in Commonwealth Court. In a short note last week, the appeals court said it would not reconsider arguments in a zoning-related dispute over the project. The decision is the latest legal setback […]

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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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Bank, business owner spar in court over loan

The owner of a Harrisburg-area flooring company and a regional bank are trading allegations in Dauphin County court over the status of a $4 million loan. Mid Penn Bank claims the loan is in default and is seeking a judgement of just over $4 million, plus interest, according to court filings. Scott Appel, founder of flooring […]

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Lawsuit accuses high-profile Lancaster chef of misusing restaurant funds

A lawsuit is accusing one of Lancaster’s culinary stars of misappropriating money earned by the restaurant and bakery that he and a partner opened nearly a decade ago. The restaurant is Bistro Barberet & Bakery, which has garnered international acclaim since opening in 2015 at 26 E. King St. in Lancaster. In the lawsuit filed this […]

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Device maker settles federal charges

Diopsys Inc., a medical device company based in Middletown, has agreed to pay up to $14.25 million for allegedly violating state and federal laws by submitting false claims to Medicaid and Medicare, according to the U.S. Attorney’s Office for the District of New Jersey. Diopsys, which was formerly based in New Jersey, developed a device […]

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Creditors raise questions about sale of Heller beach house

Orrstown Bank is asking a federal bankruptcy court to delay a hearing on the sale of a New Jersey beach house owned by Daryl Heller, the Lancaster County businessperson at the center of multiple legal and financial disputes. Heller is seeking court approval to sell the house, which is under contract at a price of […]

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Court upholds reimbursement for CBD oil

Pennsylvania’s top court has backed the right of injured workers to reimbursement for CBD oil as long as it’s included

Feds indict York tax preparer on bank fraud

A York tax preparer is facing charges for allegedly falsifying applications from businesses seeking loans under an emergency federal program designed to help businesses meet payroll after the Covid-19 pandemic tanked the economy in early 2020. The U.S. Attorney’s office in Harrisburg has indicated tax preparer Dommonick T. Chatman on 20 counts of bank fraud […]

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Developer contests sewer fees

A Harrisburg-area developer is sparring with a Lancaster County township and authority over sewer tapping fees assessed on a recent apartment project. In a lawsuit filed at the end of last year, the developer, an affiliate of Lower Paxton Township-based Triple Crown Corp., argues that the fees were excessive, and it demands a partial refund. “They […]

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Groups sue over permit for Susquehanna hydro project

The legal fight over a proposed hydroelectric project along the Susquehanna River is ramping up. Regional conservation groups are asking a federal court to take another look at a preliminary permit granted in November to the $2.3 billion project, which would take up about 1,000 acres in Chanceford Township, York County. The permit allows Reading-based developer York Energy Storage […]

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Borough loses second case over proposed solar array

Gratz, a borough in northern Dauphin County, has lost a second case challenging its opposition to a proposed solar project within its borders. In the first case, decided in October 2023, a state court ruled that the borough failed to properly advertise a meeting where it tightened standards for solar energy systems. The revised standards would […]

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Former business partners Hynes, Taylor settle defamation suit

Former York-area business partners Bill Hynes and Chad Taylor have settled a defamation lawsuit triggered by a 2023 article in Rolling Stone magazine in which Taylor accused Hynes of stealing from him and his fellow bandmates in the rock group Live. The settlement was revealed in a court filing this week in Philadelphia County court, […]

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ATM investors seek access to company office

Investors in Paramount Management Group, the financially insolvent ATM network operator, are seeking access to the company’s former Lancaster city offices in order to inspect paper and computer files on the premises, according to a legal filing last week in Lancaster County Court. The filing follows a story in LNP describing the condition of the abandoned office at 415 […]

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Heller bankruptcy filing met with allegations of fraud

Lancaster business owner Daryl Heller filed for personal bankruptcy on Monday, a move met a day later by allegations of fraud from a creditor allegedly owed more than $8 million. Heller, a principal in all-but-defunct ATM operator Paramount Management Group, filed for Chapter 11 bankruptcy protection in New Jersey, where he owns a beach house. The […]

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Ratings agency warns on Spring Grove manufacturer

Spring Grove-based paper maker Pixelle Specialty Solutions recently unveiled steps to bolster its finances. But they do not appear to be enough to satisfy a ratings agency concerned about the company’s liquidity. S&P Global initially downgraded the company following the refinancing. The agency then restored the original rating but added a negative outlook, warning that “continued operational weakness could pressure […]

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Spring Grove paper maker shores up finances

Pixelle Specialty Solutions, a specialty paper maker based in Spring Grove, said June 12 it landed “significant new funding” that positions it for future growth. The financing includes amended credit facilities and an infusion of new capital from the company’s private equity backer, H.I.G. Capital. “With this new support, we are well-positioned to take advantage of […]

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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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Snack maker unveils Hanover-area plant

Executives at G&S Foods opened the doors yesterday on a 351,000 square-foot plant outside Hanover that they expect will employ at least 1,000 people within the next three years. The factory will begin production later this summer with a staff of about 400 to start, according to G&S Foods CEO Dan Morgan. It will make and package […]

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Manufacturer plans $45M innovation center in Carlisle

Building products manufacturer Carlisle Companies is planning a $45 million expansion of its research and innovation hub in Carlisle. The project will entail construction of a 42,000 square-foot building alongside the company’s existing R&D center, which is at 1557 Ritner Highway, according to Carlisle Companies spokesperson Mehul Patel. The site is near the headquarters and […]

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Armstrong World buys specialty manufacturer

Armstrong World Industries, paid $95 million in April to acquire 3form LLC, a manufacturer of architectural resins, glasses and other materials based in Salt Lake City, Utah. Products from 3form, such as acoustic wall tiles, translucent glass and textured wall coverings, are expected to complement existing products from Armstrong World’s architectural specialties division, which accounts for […]

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Steel fabricators expand in York County

The steel-fabrication business is thriving in York County as two companies expand operations there, one from Dallastown and one from Maryland. Yoe Construction, the Dallastown-based company, is leasing space for a new steel fabrication shop at 775 Lombard Road in Windsor Township, York County. The 23,142 square-foot shop is an extension of the company’s existing […]

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Lanco steel fabricator sold

A longtime Lancaster County manufacturer is under new ownership. Greiner Industries, a structural steel fabricator in Mount Joy Township, Lancaster County, has been acquired by IES Holdings Inc., a Houston-based company that designs and installs electrical and technology systems for data centers, residential housing and industrial facilities, among other end markets. The acquisition includes the Greiner […]

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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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Real Estate

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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Discount retailer buys former Big Lots leases

Ollie’s Bargain Outlet Holdings is scooping up leases for seven former locations of its bankrupt rival, Big Lots. The stores include one each in Georgia, Illinois and Louisiana and four in Wisconsin, according to court documents. The price is about $620,000, subject to potential adjustments by the landlords. “These stores are the right size, located in […]

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Credit union to move Harrisburg branch to West Shore

PSECU is seeking permission to relocate its branch in Strawberry Square in downtown Harrisburg to a former FNB branch at 1249 Market St. in Lemoyne, according to a filing by the Department of Banking and Securities. The Harrisburg-based credit union picked the West Shore location, in part, because it is more accessible and convenient, said Adam Stewart, the credit […]

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Harrisburg-area mall sold for $8.8M

A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated. A partnership headed by the developer, Zi Qian “John” Zhang, paid nearly $8.8 million for the mall, which is at 4600 Jonestown Road in Lower Paxton Township, according to county deed records. Zhang is still […]

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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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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 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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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 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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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 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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Technology

Other Categories

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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Startup, interrupted

Sam Beiler and Jared Neff had been drawing up growth plans for their Lancaster-based startup, but the Covid-19 pandemic dashed their forays into raising outside capital. Now, their goal is to begin generating a profit more quickly. “That’s kind of the mindset of any startup right now,” said Beiler, co-founder and CEO of a social […]

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At JPL, events drop but other work powers ahead

Among the first to raise alarms for JPL was its small staff in New York City. As the first cases of Covid-19 were appearing in the Big Apple in early March, JPL’s four New York employees said they wanted to work from home. Luke Kempski is president of JPL, a multimedia production and marketing company […]

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Winery follows tested formula but future still uncertain

Carl Helrich enjoys a glass of wine among the barrels at Allegro Winery in Chanceford Township, York County. PHOTO/SUBMITTED Carl Helrich took over Allegro Winery on Sept. 10, 2001. Family and hard work got him through the economic contraction that followed the terrorist attacks the very next day. He has been having flashbacks to those […]

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At work but not at ease for Wolfgang Confectioners

In early March, as the coronavirus spread into Pennsylvania, Wolfgang Confectioners beefed up its already strict regimen for sanitation and cleaning. Employees at work in a Wolfgang Confectioners plant in Loganville, York County. PHOTO/SUBMITTED “People are constantly washing their hands. We have uniform changes on a regular basis, so there’s a lot of things that […]

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Layoffs, lost revenue follow construction halt

A warm winter this year was good for business at Bill Anskis Co. Inc., a construction firm based in Elysburg, a little more than an hour north of Harrisburg. Mark Anskis stands outside the closed offices of Bill Anskis Co. Inc., a construction firm based in Elysburg, north of Harrisburg. He is a co-owner of […]

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