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Fledgling venture fund makes first investments

After raising roughly $10 million, a startup venture fund in York has disclosed an inaugural round of investments.Martin Fedorko, left, and Alexa Born founded White Rose Ventures in 2020 (photo/submitted).White Rose Ventures has plowed $1.73 million into companies in Lancaster, Harrisburg and YorkThe firm also unveiled a nonprofit, Braided River Collective, designed to support entrepreneurs around the region.They […]

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Investor wants new board members for PeoplesBank parent

The war of words over a regional bank is morphing into a war over board seats.An activist investor is nominating three members to the board of Codorus Valley Bancorp, a trio of executives the investor believes would better represent the interests of shareholders.The investor, Abbott Cooper of New York hedge fund Driver Management, has been pushing since last summer for […]

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Lancaster bank plans mobile branches in upper Dauphin

Bank of Bird-in-Hand is seeking permission from state regulators to bring one of its mobile branches – dubbed Gelt buses – into upper Dauphin County. The buses are designed to serve the Amish and other members of the Plain community.

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A look back at M&A in Central PA

The past year has been a busy one for mergers and acquisitions in Central Pennsylvania. Take a closer look at the action in this month-by-month recap for 2021. Unless otherwise indicated, the deal terms were not disclosed.January:U-GRO Learning Centres, a Derry Township-based preschool chain, was purchased by Michigan-based Learning Care Group, one of the country’s […]

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Venture firm takes root in York

Martin Fedorko did not cross the finish line the first time he tried to create a venture fund in York County. But he came away with valuable lessons he is applying to his latest effort: White Rose VenturesMost importantly, he learned that York County’s would-be investors are indeed interested in backing local companies. They just […]

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West Shore firm partners with Wells Fargo to distribute new credit-application tech

For nearly two decades, Cumberland County tech company Versatile Credit has been making it easier for businesses to offer in-store credit. Its latest device, called Snap Sign, makes it as easy as pointing a mobile phone at a plastic sign.The signs are a secure, contactless alternative to in-store kiosks, tablets or paper applications that typically […]

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Economy

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Food

Lawmaker’s proposal adds to growing pressure on power grid

A Chester County lawmaker is seeking support for legislation that would pave the way for Pennsylvania to withdraw from the PJM, the regional power grid that serves Pennsylvania and about a dozen other states. In a memo seeking sponsors for the legislation, Democratic state Rep. Danielle Friel Otten joins a chorus of critics who argue PJM has […]

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Fulton Financial

Kevin Gremer has been named chief operations and technology officer at Fulton Financial effective Aug. 25. He succeeds Karthik Sridharan, who left the Lancaster-based bank at the end of January after what a securities filing described as a “termination without ‘Cause.‘”Fulton created the executive role and hired Sridharan in 2023 to oversee the bank’s IT and […]

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Land for Carlisle-area data center goes for $44M

Developers have another step toward erecting a roughly $15 billion data center campus on farmland near Carlisle. An affiliate of PowerHouse Data Centers shelled out $44 million earlier this month for parcels comprising roughly 700 acres where the data centers are planned, according to county deed records. The site is in Middlesex Township along Country […]

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Contractor fires back in suit over concrete for hospital project

A contractor is disputing claims it’s liable for defective concrete used during construction of a new hospital tower in York.The contractor, New Holland-based Stief Concrete Work Inc., denies the claims, which were raised in a lawsuit filed in May by York-based Kinsley Construction LLC. Kinsley claims it’s owed $935,000 for the concrete, which the company delivered for use in […]

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McNees Wallace & Nurick

Kayla Bushey has joined the Radnor office of Harrisburg-based law firm McNees Wallace & Nurick.She will support clients with legal issues pertaining to privacy compliance, data breach response, and privacy and cybersecurity litigation. Bushey has experience in legal research and privacy policy analysis, with a focus on U.S. and international data privacy frameworks. She worked […]

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Tandem Center for Shared Business Success

Anthony Verrecchia has been named director of client services at Tandem Center for Shared Business Success. He will oversee the rollout of profit-sharing and employee ownership initiatives for clients of the Lancaster-based nonprofit. He also will work on enhancing Tandem’s internal systems and strategic direction.Founded in 2024, the nonprofit works with companies to implement direct employee […]

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WellSpan Health

Tina Citro has been named president of WellSpan Good Samaritan Hospital in Lebanon. She succeeds Patricia Donley, who was named chief nursing executive for the hospital’s parent, York-based WellSpan Health, in March.Citro was most recently the president of WellSpan Ephrata Community Hospital and been working as interim president of the 160-bed Good Samaritan. She joined WellSpan […]

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Harrisburg-area flex building fetches $2.5M

A partnership called 990 Peiffers Lane LLC paid $2.5 million for a roughly 23,000-square-foot building at 990 Peiffers Lane in Lower Paxton Township, Dauphin County according to county deed records. The property is home to a branch of UPS Midstream Services, an industrial services company based in Deer Park, Texas.The sellers, Michael and Catherine Miller, were represented by […]

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Data center boom redefining industrial real estate

A few years ago, the phrase “industrial real estate” likely conjured an image of massive warehouses spreading across the open fields of Central Pennsylvania. Now, the phrase might just as easily bring up images of data centers — buildings packed with computer servers composing your emails and delivering answers to your ChatGPT queries.The announcement of more than $90 […]

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Apartments eyed at former Harrisburg law office

Pending city approval, Harrisburg-based developer WCI Partners is aiming to carve a former law office in the capital city into 11 one-bedroom apartments, according to WCI president Dave Butcher. The offices at the roughly 7,400 square-foot property at 508-510 N. Second St. were formerly home to law firm Wix Wenger & Weidner, which moved its Harrisburg office to 2805 Old […]

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Developer details data center plans

One of the companies behind a $6 billion data center project in Lancaster is filling in some of the blanks surrounding the project.Early reports indicated data centers would be constructed at two former printing plants, at 216 Greenfield Road and 1375 Harrisburg Pike. The developers are Virginia-based Chirisa Technology Parks and New York-based Machine Investment Group, which […]

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West Shore engineering firm acquired

Aiming for a bigger slice of business in Pennsylvania, an Ohio-based engineering firm has acquired Dawood Engineering, a firm based on the West Shore.The deal brings together two companies with complementary services and creates opportunities to build on them, according to Neil Churman, president and CEO of the Ohio-based buyer, Woolpert. Woolpert, for example, has a team that […]

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Investment Real Estate Group of Companies

Marq Agboyani has been named revenue manager at the Investment Real Estate Group of Companies, the York-based operator of Moove In Self Storage properties.The role entails streamlining back-office operations and providing management with the analytical support needed to make key business decisions. Other responsibilities include conducting market research, analyzing customer segments and implementing strategies as […]

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Utz Brands

Trevor Martin has been named senior vice president of investor relations for Utz Brands, the Hanover-based snack food company. Martin, who has nearly 20 years of investment management and consumer research experience, worked most recently for Victory Capital/RS Investment Management, a diversified global asset management firm. He has also worked as a research analyst at […]

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Ephrata National Bank

Jeffrey Stauffer is retiring from his role as president and CEO of Ephrata National Bank and its holding company, ENB Financial. Stauffer, who has led the bank since 2020, plans to step down effective Dec. 31, 2026. He will be succeeded by Rachel Bitner, the bank’s CFO.Bitner, 47, joined the Lancaster County bank in 2009 as a controller […]

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Where’s the data? Firms mum on York County data center plans

It’s been a week since New Jersey-based investment firm Energy Capital Partners announced it was planning a $5 billion data center in southern York County.But the precise location remains unknown, even to the manager of Peach Bottom Township, where the data center is widely expected to be built.“Your guess is as good as mine,” township manager Catherine […]

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New owners, new outlook for Lancaster contractor

Aimee Deraco hesitated when she was first approached about becoming chief executive of Brubaker Inc., a family-owned contractor in Lancaster County that was mulling a transition to employee ownership.She wasn’t sure, at first, what role would be played by the company’s then-owners, brothers Dave, Don and Gerry Brubaker. They had taken over the company from […]

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PSECU

Eduardo Santos has been named vice president of enterprise growth strategy and insights at PSECU, a Harrisburg-based credit union.Santos will oversee strategy, marketing analytics, experience analytics, market intelligence and deposit strategy in a bid to better understand the preferences of PSECU members and align growth efforts with what drives value.Santos, who has more than 20 […]

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Health Care

Legal

Court voids price guide for workers’ comp drugs

A state court has shelved the Red Book, a compendium of wholesale drug prices that state officials routinely use to settle disputes over drug costs in Pennsylvania’s worker’s comp program. In a ruling this week, Commonwealth Court disqualified use of the book after an insurer challenged it, claiming the book’s listed prices were not accurate. […]

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UPMC sued for allegedly misclassifying workers

UPMC is facing a class-action lawsuit filed by a respiratory therapist who claims she was misclassified as an independent contractor when she worked at the health system’s Harrisburg hospital in 2022. The suit, filed last week in an Allegheny County court, claims the therapist should have been classified as an employee and paid overtime when she […]

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New CEO, new partners for area law firms

Local law firms are starting the new year with new attorneys in their top ranks. And one even has a new CEO. That would be Lancaster-based Barley Snyder, which elected Jennifer Craighead Carey as managing partner and CEO for a two-year term starting in 2024. She succeeds Jeff Lobach, who had led the firm for a […]

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Inch appeals decision that nixed industrial development

An affiliate of real estate developer Inch & Co. is challenging a decision that reversed the zoning on a parcel of land it owns near Route 30 and Pennsylvania Avenue in Manchester Township, York County. Township officials rezoned the property in 2021 for industrial development. But after fierce public outcry and a challenge from the owner […]

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Court voids PA carbon-emission rules

A state court has tossed aside regulations that would have enrolled Pennsylvania in a multistate carbon-cutting program, regulations that were a climate-change priority for the former administration of Gov. Tom Wolf.At issue was whether the heart of the program — a market in which companies must buy credits to emit carbon — represented a fee or […]

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Court sides with solar firm in zoning battle

Gratz borough in Dauphin County failed to properly advertise a meeting where it set stricter zoning standards for solar energy systems even as a company was seeking permission to build a 17-megawatt project there.That was the ruling last week from a three-judge panel of Pennsylvania’s Commonwealth Court, which upheld a 2022 decision by Dauphin County […]

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Developer loses appeal over denial of mixed-use project

A Lancaster County developer has lost its bid to overturn a zoning decision blocking a mixed-use development in Manheim Township.In a ruling this week, a county judge upheld the township’s denial of plans for Oregon Village, a proposed development that would bring housing, offices, shops and a hotel to a nearly 76-acre tract that currently […]

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Defamation claim raised in suit over fraud loss

Mid Penn Bank is firing back at claims it did not adequately protect a nonprofit from fraud.In a legal filing this month, the Harrisburg-based bank alleges that the Center for Independent Living of Central Pennsylvania harmed the bank’s reputation in a press release issued in February announcing a lawsuit against the bank. In the press release, the center claimed that […]

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Court OKs settlement in data breach

A federal court has approved a settlement in a data-breach lawsuit brought against Fulton Bank.Under the agreement, the Lancaster-based bank will pay $750,000 to set up a fund to compensate victims of the breach, which hit a Fulton Bank vendor rather than the bank itself. The bank is not admitting any liability for the breach, nor […]

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October sale sought for beleaguered Harrisburg apartments

The bankrupt owners of an uptown Harrisburg apartment complex want to hire a firm that specializes in real estate liquidation to sell the property in an auction.In a motion filed in bankruptcy court, apartment owners Uptown Partners LP are seeking court approval to hire Hilco Real Estate LLC to oversee a sale of the complex, known as Governor’s Square.According to […]

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Lawsuit puts cannabis testing rule on hold

Companies that test, grow and process medical cannabis in Pennsylvania are suing to block a rule they say could cost them millions of dollars and ultimately raise prices for patients.The rule, which had been slated to take effect this week, alters the requirements for testing cannabis before and after it is processed into medication But […]

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Suit aims to stop Centric merger

A shareholder of Centric Financial is seeking to block the Harrisburg-area bank’s planned merger into a western Pennsylvania bank.In a class-action lawsuit filed this month in Cumberland County court, shareholder Charles Reinhardt claims the $144 million deal undervalues Centric, which is based in Lower Paxton Township, Dauphin County.The lawsuit also takes aim at other terms of the deal […]

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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 that have […]

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Court rules local stormwater fee is a tax

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 are a […]

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York law firms link up

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 working […]

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Online retailers win sales-tax fight

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 had […]

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State ends appeal in medical cannabis recall

State health officials have dropped a legal action seeking to reinstate their controversial recall of medical marijuana vapes.The move before the state Supreme Court doesn’t end the legal fight. It simply means the Department of Health is no longer appealing a lower-court ruling that put the recall on holdNonetheless, it was welcomed by the medical cannabis […]

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Banks seek more time, info on Welkowitz deal

Local banks are telling a Lancaster County court that they need more time and information to assess a deal that would settle debts from the estate of the late developer Richard Welkowitz.The estate has proposed selling off its stake in ventures that own more than 5,000 ATMs for $13.8 million to a Lancaster-based private equity firm, Heller Capital […]

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Marketing

Real Estate

Harsco Headquarters sold to local developer

As it gears up for a move to Philadelphia, Harsco has unloaded its longtime Wormleysburg headquarters this year for $4.3 million.However, the roughly 42,000 square-foot building will remain a corporate headquarters.A partnership that includes Lemoyne-based Rhodes Development Group bought the building and plans to move there, along with two of its operating divisions, according to Larry Kluger, president and CEO […]

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York-area office building sold for nearly $6M

Seeking a more modern office environment for its York-area staff, a Lancaster-based residential real estate firm is moving down the street.Berkshire Hathaway HomeServices Homesale Realty bought an office building at 2600 Eastern Blvd. in Springettsbury Township and plans to move its staff there in mid to late September, according to Rod Messick, the firm’s CEO.Homesale Realty plans to […]

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Regional construction firm changes hands

When Seth Hughes first stepped onto a construction site as a teenager, he didn’t think about owning a construction company someday.But as his career advanced, it started to emerge as a goal, Hughes said.The goal is now a reality. Hughes has purchased Mechanicsburg-based Mowery Construction from its previous owner, David Cross. The pair began laying the groundwork for […]

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Borough lands state funding for proposed innovation park

State officials are giving an $8.4 million boost to plans for an innovation park in Columbia.The Lancaster County borough is collecting a grant of nearly $3.4 million and a loan of just over $5 million to help cover the costs of developing the McGinness Innovation Park on the site of a former airport in the borough.“We […]

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Former Harrisburg hospital for sale, eyed for apartments

A piece of Harrisburg history is on the market — and potentially headed for a makeover.Penn Center Harrisburg, the former Polyclinic Hospital campus, is being listed at an asking price of $22 million — and with a sketch plan showing the office property as an apartment complex.“I think that the office need in Harrisburg is low,” said Michael […]

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Regional real estate firms merge

One of the region’s largest residential real estate firms just got larger.As of July 12, Lancaster-based Berkshire Hathaway HomeServices Homesale Realty has absorbed Brownstone Real Estate, adding two offices and 38 agents in Lebanon and Hershey.Terms of the merger were not disclosed.“After 51 years in business, it was important for us to join a company […]

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West Shore construction firm on the move

RLS Construction Group LLC is investing nearly $1.5 million to buy and remodel the former Hampden Township municipal building at 230 S. Sporting Hill Road.The new location in Cumberland County will allow the company to consolidate operations that are currently at two locations, said Bob Schopfer, owner, president and CEO of RLS Construction.The company has […]

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Former N.B. Liebman store sold

A prime Carlisle Pike property has changed hands.A New York-based partnership paid nearly $5.5 million in June for the former home of N.B. Liebman Furniture at 4705 Carlisle Pike in Hampden Township, according to Cumberland County deed records.The site — which was owned by members of the Liebman family — was once eyed as a […]

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Penn State in deal to sell on-campus hotels

Penn State trustees voted this week to move ahead with a deal to sell two on-campus hotels to a third-party operator, Ardmore-based Scholar Hotel Group. Under the proposed agreement, Penn State would keep the land and lease it, while Scholar would buy The Nittany Lion Inn and Penn Stater Hotel and Conference Center in State […]

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Developer lifts curtain on plans for federal building

A developer is filling in some of the details on its plans to transform the Ronald Reagan Federal Building in Harrisburg into “The Federal” — a 200-unit luxury apartment building crowned with a rooftop bar and a pair of restaurants.Developer Global Ocean Investments had already unveiled a goal of remaking the 250,000 square-foot building it […]

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New owners plan facelift for former Coakley’s

A staple of downtown New Cumberland is poised for a makeover.New owners have taken over a group of properties that include the former Coakley’s Restaurant and Irish Pub, which closed in 2014 after going bankrupt.Plans are still taking shape. But Kara Pierce said she and her partner, engineering executive Bill Tafuto, plan to invest about […]

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Brewery on tap for mixed-use project

Burkentine Builders is gearing up to finish a mixed-use project that will bring another brewery to southern York County.The Hanover-based builder held a topping-off ceremony April 25 for the roughly $5 million project, which is bringing two buildings totaling 10,000 square feet of commercial space and 20 apartments to the borough of New Freedom.Construction is […]

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Regional projects land $50M-plus in state funds

State officials on Friday unveiled more than $50 million in grants earmarked for projects around Central Pennsylvania, including a life sciences incubator in Lancaster, a hotel renovation on the West Shore and a park along the Codorus Creek in York.Other beneficiaries include Rock Lititz and the partnership developing a mixed-use apartment building near the new […]

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York-area firm buys former restaurant for new HQ

Doceo, a York-based technology services company, plans to move its headquarters this fall to a former Ruby Tuesday restaurant in York Township.The 6,000 square-foot space is larger than the 4,300 square feet the company currently rents in a multi-tenant building at 1499 S. Queen St. in Spring Garden Township, according to spokesperson Maya Miller. It […]

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York taps new developer for vacant industrial tract

A new developer is getting a crack at bringing life to a former industrial tract in York. At a meeting last week, the Redevelopment Authority of the City of York awarded a six-month option on a 4.4-acre site in the Northwest Triangle to Statewide Partners, a regional firm with offices in Harrisburg and York. Preliminary sketches from Statewide show […]

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Deal closes on Reagan building

A buyer has finalized the $10.01 million purchase of the Ronald Reagan Federal Building in downtown Harrisburg.However, the buyer’s identity remains a mystery.A deed filed with Dauphin County lists the buyer as R.R.F. Building LLC,which has a tax billing address at a law firm in South Carolina.Efforts to reach the law firm, De Bruin Law, were not successful.The LLC […]

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Another massive warehouse complex eyed for I-83 corridor

The warehouse project is still a long way from approval. But concepts floated by Missouri-based NorthPoint Development show roughly 1.5 million to 2 million square feet of warehouse space in multiple buildings, according to Tim James, manager of Manchester Township, where the project is being considered.

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Auction slated for York County hotel

Bidding is scheduled to open Jan. 31 in an auction for the 129-room Comfort Inn & Suites York, which is off Interstate 83 at 2250 N. George St. in Manchester Township.

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