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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
When John Lewis interviews younger job applicants these days, he fields questions he did not typically hear a decade ago. Applicants are asking more pointed questions about the future of Doceo, the regional office equipment and IT services company that he leads as president and CEO. “There’s no question that, when we are talking to […]
A tiny-home startup in Lancaster County is poised for the big time. A publicly traded shell company has agreed to buy Tiny Estates LLC and two related companies, Endeavor Tiny Homes LLC and Tiny Communities Fund LLC. The companies are led by CEO Abby Shank, a former KPMG auditor-turned-entrepreneur who started a tiny-home community outside Elizabethtown in 2018. Shank, who went on to […]
State regulators have tweaked regulations that modify the professional licensing process for people with criminal backgrounds, following stiff pushback from critics of the original proposal. The rules implement a 2020 state law making it easier for people with criminal convictions to become accountants, barbers, nurses and real estate agents, among the many other professions that require a […]
After closing more than 200 branches in 2023, PNC Bank said yesterday it is aiming to spend $1 billion over the next four years to renovate 1,200 branches nationwide and open 100 new ones in some of the country’s fastest-growing cities Banks are cutting branches. But they also have been opening them in markets where they see […]
Harrisburg University of Science and Technology is planting the seeds for construction of a high-tech greenhouse in downtown York as part of a potentially broader investment in the White Rose city. The potential greenhouse project builds on the university’s Center for Advanced Agriculture and Sustainability, which was seeded in early 2022 by a $1 million donation from grocery […]
State officials have narrowed the list of projects they are considering for a new funding program designed to prep industrial sites for development. The program, announced last fall by the Shapiro administration, drew more than 100 applicants seeking a total of more than $236 million. Officials are now focusing on a short list of 32 […]
Fulton Financial has named an interim CFO following the resignation last week of Mark McCollom, who had been the bank’s finance chief since 2018. A regulatory filing and press release issued Friday did not disclose the reason for McCollom’s departure. Lancaster-based Fulton has named Beth Ann Chivinski as interim CFO while it conducts a formal search process to fill the […]
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 […]