A State College bank is making its first play in the capital region, where it hopes to drum up home and business loans. Centre 1st Bank has hired Bob Rader, a longtime capital-area banker, to head up a new loan office at 1017 Mumma Road in Wormleysburg. Rader, who lives in Mechanicsburg, is president of the […]
Business leaders may be wondering where they will find the skilled people they need to keep their companies running and growing in the years ahead. This edition of the YCEA podcast, produced in partnership with biznewsPA, offers perspective from those in the trenches of training. It features Pedro Rivera, president of Thaddeus Stevens College of […]
Inch & Co., a York-based construction and real estate company, has purchased Regents’ Glen Country Club in Spring Garden Township, York County. According to county deed records, Inch affiliate RG Golf Course LLC paid nearly $2.3 million for the property, which includes the course, the clubhouse and an event venue called Box Hill Mansion. The seller was The Greens at Regents […]
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 […]
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 […]
West Chester University and the Pennsylvania State System of Higher Education do not have to pay an annual six-figure stormwater fee imposed by West Chester Borough. Why? Because Pennsylvania’s Commonwealth Court ruled yesterday that the fee is a tax — and state entities don’t have to pay taxes. In a lawsuit filed in 2018, the borough argued that the assessments […]
Local shopping centers are continuing to attract interest from area buyers. The latest example is Penn Plaza, an 82,500 square-foot shopping center at 1019 Baltimore St. in Penn Township, York County, outside Hanover. The Trone Family Trust, based in Hanover, paid $2.2 million for the plaza, which counts an Ollie’s Bargain Outlet store and a Ninja Logic gym among […]
Pennsylvania has many of the ingredients for an economy powered by innovation and entrepreneurship, according to a report released today by Brookings Institution, a prominent think tank in Washington, D.C. However, the state has struggled to bake them into a dynamic, high-growth economy, putting large swaths of Pennsylvania at risk of stagnation, said the report, which offers […]
Robert Grubic is retiring as CEO of the engineering firm that has borne his name for just over four decades. As of the end of this year, the next CEO of Harrisburg-based Herbert Rowland & Grubic will be Jason Fralick, who has been its president since 2019.Grubic plans to remain chairman of the board at the employee-owned company.“HRG […]
A Hanover-area mall is under new ownership. Plymouth Meeting-based real estate company Pennmark Management paid $28.75 million for Gateway Hanover, a 192,774 square-foot shopping center just north of the York County borough. It was developed starting in 2010.The seller was Hanover-based Conewago North Ridge Partners LP, according to Brad Rohrbaugh, retail director for York-based real estate firm Bennett Williams […]
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 […]
Pennsylvania is home to two of the most closely watched elections in the U.S. One, for a U.S. Senate seat, pits Lieutenant Gov. John Fetterman, a Democrat, against Dr. Mehmet Oz, a Republican. They are running to replace Sen. Pat Toomey, a Republican who is retiring. The other is the race for governor, which features […]
Three York-based law firms are becoming one in a merger slated to close Oct. 1. The firms are Blakey Yost Bupp & Rausch; Griest Himes Herrold Reynosa; and MPL Law Firm.“We all have great respect for each other and we have always worked well together even when on opposing sides,” said James Sanders, an attorney at MPL. “We decided that […]
Amid a broader push to boost the outdoors economy in Pennsylvania, a new state park is coming to the banks of the Susquehanna River in York County. The tentatively titled Susquehanna Riverlands State Park is one of three new parks unveiled yesterday by Gov. Tom Wolf and Department of Conservation and Natural Resources Secretary Cindy […]
Last fall, Lancaster-based private equity firm PennSpring Capital bought a majority stake in Mobiniti, a text marketing firm based in Wilkes-Barre. This week, a PennSpring entity paid $1.55 million for a building in Lancaster where it plans to relocate the operations of Mobiniti, which employs about 20 people.The move brings Mobiniti closer to PennSpring, which offers support to […]
When Covid-19 struck in March 2020, it upended the livelihoods of people who built careers around art, music, theater and other cultural pursuits that thrive on live audiences. Arts and culture are bouncing back, like other sectors of the economy. But they still have some ways to go to reach their pre-pandemic state, according to […]
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 […]
A state court has sided with online retailers who say they are being unfairly targeted by Pennsylvania tax collectors. In a ruling Friday, Commonwealth Court blocked efforts by the Pennsylvania Department of Revenue to collect state sales and personal income taxes from the retailers, which sell their products through Amazon.At issue are back taxes the state […]