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 […]
Pennsylvania’s small businesses are in line for a capital infusion of nearly $268 million under a program announced July 18 by the Wolf Administration The money is coming from the federal government via the American Rescue Plan ActBut it will be distributed by the state, specifically the state Department of Community and Economic Development.Other hands […]
A York-based venture fund has added to its portfolio of regional startups as it aims to bolster entrepreneurship in Central Pennsylvania. Founded in 2020, White Rose Ventures disclosed an inaugural round of investments in four companies earlier this year.At the end of last week, it unveiled investments of nearly $1.3 million in three more startups. Which are: ReturnLogic, Evermind and TEAMology. Based in Carlisle, ReturnLogic is […]
Regional accounting and advisory firm Brown Schultz Sheridan & Fritz made the following promotions effective July 1. Ashley Hershey was promoted from manager to senior manager. A graduate of Shippensburg University, she is based in the firm’s Hanover office.Alan Ennis was promoted from senior staff accountant to supervisor. Ennis, who has an MBA from Shippensburg […]
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,” […]
The bankruptcy case of Armstrong Flooring is nearing its end. U.S. Bankruptcy Judge Mary Walrath approved the sale yesterday of the company’s North American assets to Mountville-based flooring manufacturer AHF Products and Boston-based Gordon Brothers. An AHF spokesperson said yesterday the company hopes to close on the $107 million deal by next Friday, July 22. Then what: AHF will […]
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 […]
McNees Wallace & Nurick has launched HR Influenced, a subsidiary that will offer HR consulting services under the umbrella of the Harrisburg-based law firm, which also houses a labor and employment legal practice. The new venture is headed by Kristen Evans, an experienced HR executive.Her career includes stints at York-based PACE Resources, Cintas, Harrisburg-based developer […]
After disclosing buyers for some of its operations in North America, Armstrong Flooring has unveiled deals to sell its remaining businesses. In a news release July 11, the company identified buyers for its operations in Australia and China. Who: The Australian assets — including a factory in Braeside, Victoria — are going to a group of companies identified […]
State lawmakers last week delivered a tax cut long sought by Pennsylvania’s business community. But in adopting a $45.2 billion budget on July 8 for the current fiscal year, they left out other sought-after provisions. The headline news is the immediate cut and subsequent phase-down of the state’s corporate net income tax, which had been […]
After two months in bankruptcy, Armstrong Flooring is on the verge of dealing its way out. The Lancaster-based manufacturer said yesterday it has agreed to sell its North American assets to a consortium that includes AHF Products, a former division of Armstrong Flooring. Mountville-based AHF and Boston-based Gordon Brothers have agreed to pay $107 million in cash and assume unspecified liabilities […]
Armstrong Flooring has once again pushed back the deadline for wrapping up a sale. The Lancaster-based manufacturer now expects to finalize a sale by a court hearing slated for Tuesday, July 12.In a statement issued early on Friday, July 8, a company spokesperson said the company has finalized a deal to sell its operations in […]
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 […]
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 […]
You don’t need a headline to tell you that fuel prices are high. But you can listen in to the latest edition of the York County Economic Alliance podcast produced in partnership with biznewsPA. Richard Farr, executive director of rabbittransit, describes how of one of Central Pennsylvania’s largest public transit providers is adapting. Mark Wisniewski, […]
Pamela Gunter-Smith, who led York College through the Covid-19 pandemic and deepened its connections to the York County community, plans to step down as president of the college in June 2023. She was named president, the college’s fourth, in 2013. During her nearly decade-long tenure, the college has undertaken numerous initiatives to forge stronger bonds […]
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 […]
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 […]