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Banking & Finance

Carlisle-area cannabis biz sold to workers

Nearly a decade after co-founding one of Pennsylvania’s first medical marijuana businesses, Mark Toigo has handed the keys to employees. Toigo and Jaime Toigo, his wife and co-owner, have sold 100% of Organic Remedies to its 450-plus workers through an employee stock ownership plan, or ESOP. The company had been courted by growing multistate cannabis operators, but […]

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Rehab company’s go-private deal under fire from shareholders

Several disgruntled shareholders are pushing back against the roughly $3.9 billion transaction that will make Select Medical Corp. a privately held business. Ahead of a scheduled vote on the deal this week, shareholders filed three separate lawsuits this month in Cumberland County and New York claiming officers and directors of the Mechanicsburg-based rehab chain did not […]

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‘Playing a pivotal role’: New Orrstown CEO bullish on community banking

After graduating with a degree in business from Juniata College, Adam Metz began his banking career as a credit analyst at the former Dauphin Deposit in Harrisburg. He enjoyed the analytical side of the industry. But he also came to enjoy the people side, a side that continued to resonate with him throughout his career.  […]

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Fulton trims NJ staff following bank acquisition

Fulton Financial Corp. is laying off 95 people from an administrative office in Parsippany, New Jersey, used by Blue Foundry Bank, which Fulton acquired for about $243 million. The workers are primarily in corporate and support positions, according to a spokesperson for Lancaster-based Fulton. The cuts follow a post-acquisition leadership review that determined some roles were redundant, […]

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NJ investor mulls more shares in Harrisburg bank

A prominent New Jersey business leader is eyeing a bigger stake in Mid Penn Bancorp Inc., the largest bank based in Harrisburg. In a securities filing, a trust associated with George Norcross III said it is weighing stock purchases that could raise the trust’s share of bank ownership to 24.99%.  The trust, GAH Capital Trust, currently holds a […]

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PA regulators notch win in long-running feud with title lender

State banking regulators have scored a victory in their long-running quest to penalize an out-of-state lender for charging allegedly excessive interest rates. In a 17-page ruling this week, a three-judge panel of Commonwealth Court refused to intervene in regulatory proceedings that could result in a $52.7 million civil penalty for the lender, Carrollton, Texas-based TitleMax.  Efforts […]

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Regional bank, property investor clash over building loan

Fulton Bank is embroiled in a legal dispute with a Washington, D.C., real estate investor who has been hit hard by the weakened office market in the U.S. capital. Lancaster-based Fulton sued the investor, David Schaeffer, in February over an alleged default on a $4.7 million loan associated with an office building about half a mile […]

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Wealth advisory launched by Lancaster pharmacy exec

A new investment advisory debuted in January under the leadership of Gregory Ganse, whose family founded specialty pharmacy Ganse Apothecary in Lancaster. Based in Manheim Township, Lancaster County. ARX Private Wealth caters to high- and ultra-high-net-worth families through what its partners describe as a relationship-based approach. “We’re in a unique position to serve those kinds of clients […]

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Lancaster-based nonprofit lender snags $45M in tax credits for projects

A nonprofit lender based in Lancaster has landed $45 million in federal tax credits that it will use to kickstart projects around the region. The U.S. Treasury last week named Finanta, formerly Community First Fund, as one of dozens of recipients this year under the New Markets Tax Credit program, which is designed to lure private-sector […]

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Regional bank agrees to $354M sale

Camp Hill-based LinkBancorp opened in 2018 following a round of consolidation that took out several banks in Central Pennsylvania. Now, with bank mergers again on the upswing, LinkBancorp is on the sell side. Alexandria, Virginia-based Burke & Herbert Financial Services Corp. has agreed to buy the bank in an all-stock deal valued at $354.2 million. The transaction, expected […]

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$243M deal would boost Fulton in North Jersey

Lancaster-based Fulton Financial Corp. has agreed to buy a New Jersey bank in a deal poised to expand Fulton’s business in lucrative markets outside New York City. The all-stock deal for Rutherford, New Jersey-based Blue Foundry Bancorp is valued at $243 million and expected to close in the second quarter of 2026. The combined bank would do business […]

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Fulton, PNC maintain top spots for market share

For the second year in a row, Lancaster-based Fulton Bank wears the crown as home to the most bank deposits in Central Pennsylvania. Nonetheless, its market share shrank slightly as deposits grew overall in the region, according to the latest data from the Federal Deposit Insurance Corp. Total deposits as of June 30 were nearly $55.2 billion […]

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Federal shutdown freezes SBA lending

The shutdown of the federal government is stalling a critical pipeline for loans to small businesses. Like the rest of the government, the U.S. Small Business Administration has been closed since Oct. 1. As a result, the agency is unable to formalize its guarantee to repay loans if small-business borrowers cannot.  The guarantees encourage lenders to […]

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Lancaster developer raising capital, mulling IPO

A Lancaster-based developer has tapped an investment banking firm in a bid to drum up capital and expand its portfolio of projects. Developer Elevare Corp., formerly known as OZFund Inc., hopes to raise $50 million from investors and eventually become a public company, according to its founder and CEO, Jeremy Feakins.  The company’s investment banker is San […]

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Mid Penn doubles up on deals

Mid Penn Bancorp continued to expand its South Jersey footprint with the acquisition of community bank 1st Colonial Bancorp Inc. in a combined stock and cash deal valued at $101 million. Twenty-four hours later, Mid Penn agreed to acquire Sarasota, Florida-based Cumberland Advisors in a deal that is expected to bring approximately $3.3 billion new […]

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Credit union CEO: ‘Getting everything in place’

Over the last two-plus years, Michael Wilson has been putting his stamp on Members 1st Federal Credit Union, one of the largest credit unions in Pennsylvania. As chief executive, he is spearheading the credit union’s adoption of new technologies, including artificial intelligence and stablecoin – a form of digital currency that companies will be allowed […]

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Lawsuit targets credit union over data breach at vendor

A local lawsuit related to a data breach at insurance and employee benefits brokerage Alera Group has prompted a local lawsuit. The lawsuit is not targeting Illinois-based Alera, however. It was filed last month against Members 1st Federal Credit Union, based in Hampden Township, Cumberland County.  Filed in Cumberland County by a Members 1st employee, the lawsuit […]

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Construction

Harrisburg greenlights residential rehab project

Harrisburg city council this week unanimously approved acompany’s plans to convert a long-vacant building at 100 N. 13th St. into 12 apartments in a renovation project valued at $900,000, according to city records.  Erected in 1922, the roughly 11,580-square-foot building is a former publishing company office that has been vacant for decades, according to Jarred […]

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Townhomes coming to former hospital site

Miami-based homebuilding giant Lennar is ramping up construction of new townhomes on the site of a former Lancaster city hospital. Lennar plans to build 53 townhomes behind a former UPMC/St. Joseph’s hospital on College Avenue in the city’s West End neighborhood.  Dubbed The Towns at West End, the townhome community will feature three-story units starting at 1,872 square […]

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Data center plans roil Dauphin County township

For nearly two years, officials and residents in South Hanover Township, Dauphin County, have been debating ground rules for data centers, large buildings full of computer equipment used in artificial intelligence and related applications. Now, with the ordinance still in draft form, the township is being asked to consider plans for a pair of data centers […]

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State grants fund regional housing projects

Harrisburg nonprofit Wildheart is gearing up to break ground next month on a $3.3 million mixed-use project that will bring nine affordable apartments to Allison Hill, one of the state capital’s poorest neighborhoods. The nonprofit is laying plans for a similar project nearby — and just landed $200,000 in state grants as a kickstart. Wildheart is one […]

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‘More and more invigorated’: Local exec reflects on new book, ongoing mission

Bob Whalen felt like he was pitching a pipe dream when he first began describing employee ownership to companies he was hoping to fold into HB Global, a Mechanicsburg-based HVAC contractor that has been employee-owned since 2010. But over more than a decade, the pipe dream has turned 30 employee-owners into millionaires and allowed hundreds […]

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State loan backs $17.2M office project in Lancaster County

Nearly four months after they started construction on a shared headquarters near Mount Joy, two Lancaster County companies landed a low-interest state loan to cover a portion of the nearly $17.2 million price tag. State officials said yesterday they approved a $2.25 million loan to Strickler Investments LLC, a real estate affiliate of solar installer Paradise Energy […]

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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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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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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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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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Township OKs apartments at suburban York mall

Local officials signed off last week on a 98-unit apartment building slated to rise on a parking lot at the York Galleria shopping mall in suburban York. At a meeting Thursday night, supervisors in Springettsbury Township approved subdivision and land development plans for the four-story building, dubbed Signature Flats at Galleria.  “We were pleased with […]

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Mixed-use makeover of former Dentsply campus nets state grant

Projects in Lancaster and York are among a handful that snagged a share of state funding from a $10 million pilot program designed to encourage mixed-use developments with housing components around the state. The Redevelopment Authority of the City of York landed nearly $1.6 million toward the rehabilitation of a sprawling campus along the Codorus Creek that […]

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Apartment conversion on tap for York city

After converting a former bakery into apartments, a pair of developers are moving on to their next residential conversion in York city. Kinsley Properties and Royal Square are collaborating on a roughly $5.1 million project to transform what was once a refrigerated warehouse into 20 affordable one-bedroom apartments. The project also calls for about 750 square feet of street-level […]

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Digital marketing firm unveils $10.7M rehab plans for riverfront mansion

Digital marketing agency WebFx unveiled plans yesterday for renovating and expanding into a historic mansion along the Harrisburg riverfront.  The Harrisburg-based company plans to spend $10.7 million on the project, which is unfolding inside the former Tracy Mansion at 1829 N. Front St. in the capital city. Based a block away at 1705 N. Front St., WebFx […]

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Self-storage proposed for vacant Harrisburg office

A former office building at 1171 S. Cameron St. in Harrisburg could soon become a self-storage facility. Building owner Storage Five Harrisburg LLC has filed land development plans calling for conversion of the roughly 118,000-square-foot building into a self-storage facility with about 950 units. The construction work is expected to cost about $6.7 million, according to a resolution […]

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Economy

PNC economist sees tests for consumer, corporate resilience

It will be no surprise if the Federal Reserve keeps interest rates flat after it ends a two-day meeting today. There is nothing flat about the rest of the economy, with oil prices spiking and U.S. tariffs still above their historical average. The risks, however, are primarily to the downside, according to Jay Hawkins, senior […]

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Caution greets tariff whiplash in wake of court ruling

As tariffs went up throughout 2025, sales went down for JLS Automation, a York County company that assembles automated packaging lines for the food industry. The company is expecting a rebound in 2026. But the comeback faces renewed uncertainty after a Supreme Court ruling Friday that struck down the bulk of President Donald Trump’s tariff regime.  […]

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Leaders race to craft plans for closing Penn State campuses

As classes continue this year on Penn State‘s branch campus in York County, students aren’t the only ones with homework. Economic development leaders are racing to craft options for reusing the campus after it closes in May 2027. “Whether it’s Penn State or the community, the longer that the campus sits there with no active use, […]

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Forecaster sees tailwinds, headwinds buffeting US economy

The economic outlook for 2026 depends on a range of variables ranging from tariffs to the strength of the boom in artificial intelligence, according to Curtis Dubay, chief economist in the economic policy division at the U.S. Chamber of Commerce. “If we could ever get tariffs down, we get a better immigration system, we could really […]

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PA population growth slows as immigration tumbles

Pennsylvania’s population grew a negligible 0.1% for the year ending July 1 as international immigration plummeted, according to initial estimates released yesterday by the U.S. Census. The data is the first from Census to show the impact of the Trump administration’s tightened approach to border security. Nearly 27,000 people came to the Keystone state from other […]

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Data center boom could squeeze labor supply, raise costs

Data centers need a lot of electricity. But they also need electricians — and pipefitters and steelworkers and HVAC specialists and general laborers, among others — to get them up and humming. Thus, the boom in data center construction is likely to squeeze the supply of labor in areas like Lancaster, where data center projects […]

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Apparel distributor shuttering York County warehouse

A specialty clothing distributor is shuttering a warehouse and laying off 128 workers in northern York County just over a year after taking over the building from its former owner. In a notice to state and local officials, Illinois-based S&S Activewear said it plans to close its distribution center at 600 Industrial Drive in Fairview Township by […]

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Distributor clears path to employee ownership

There were times it seemed too complicated to pull off. But after five years, the owners of Lancaster-area logistics business Founders Market & Co. found a way to start selling company shares to their employees. The owners — Scott Martino, Matt Stargel and Alex Thompson — began contemplating some form of employee ownership after they took […]

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Regional jobless rates tick up

As uncertainty over tariffs froze customer orders in the spring, JLS Automation in York County laid off 10% of its workforce. Business began to come back over the summer, JLS president and CEO Craig Souser said in an early August interview.  The York-area company, which employs about 130 people, assembles automated packaging lines for food companies. “It’s […]

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Effort underway to boost downtown Harrisburg

State lawmakers, city officials and the Capital Region Economic Development Corp.  are launching a joint effort to revive downtown Harrisburg, which has yet to recover fully from the Covid-19 pandemic. The partners plan to assemble a steering committee that will begin work “immediately” on a downtown revitalization plan. “Everyone agrees that we need to provide some […]

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Economic uncertainty weighs on regional M&A 

Regional dealmakers came to life in the second half of 2024 as interest rates came down.  Nonetheless, the volume of mergers and acquisitions in Central and southeastern Pennsylvania fell last year for the third year in a row, according to an annual report by professional services firm RKL LLP.  This year began on an active note, according […]

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Shapiro, lawmakers ramp up push for energy plan

State lawmakers yesterday began to put some legislative meat on the bones of an energy plan unveiled in January by Gov. Josh Shapiro. The lawmakers issued a series of memos seeking sponsors for elements of the six-point plan, which is designed to lower prices, speed up construction of new power sources and encourage environmentally friendly forms […]

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entrepreneurship

Regional home services franchisee expands into NJ

Matt Buckwalter and Frank Horvath first met about a decade ago as fellow franchisees for One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electric.  Now, they are co-workers. Buckwalter’s Lancaster County-based company, Punctual Pros, has acquired Horvath’s — Horvath Home Services, which does business in Ocean and Monmouth counties in central New Jersey. The acquisition is the […]

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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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State authority rolls $1M into new venture fund

A new venture fund in Central Pennsylvania is closer to its fundraising goal thanks to an investment this week from a state authority. The Ben Franklin Technology Development Authority has poured $1 million into the fund, Keystone Innovation Fund II, a joint venture between York-based White Rose Ventures and State College-based 1855 Capital.  The fund is on track to close by […]

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Virtual-assistant biz makes third acquisition this year

The virtual-assistant business has been a source of real-world growth for Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital. Zirtual closed Friday on the acquisition of Double, a virtual-assistant business based in Brooklyn, New York.  It’s the third deal this year for Zirtual since it was acquired by PennSpring in December. People hire virtual assistants to help […]

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Lancaster cleaning firm sweeps up opportunities in M&A

Alan Chachapoya, the managing director of DSC Solutions, a Lancaster County-based commercial cleaning company, is seeing opportunities where others do not. Chachapoya recently bought Guaranteed Property Services, another Lancaster-based company in the same industry. Founded in 1997, Guaranteed Property Services operates Guaranteed Carpet Services, C&S Cleaning, and Personalized Commercial Cleaning. Mike Graybill, the owner of Guaranteed Property Services, will join the […]

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Lancaster manufacturer stakes growth on acquisitions, innovations in outdoor gear

When Tom “Dutch” Ressler strung up his first hammock during a through-hike on the Appalachian Trail in 2003, the equipment he carried was not always optimal. “Staying dry was a challenge,” he said. So, when he returned home to Lancaster, Ressler started fashioning his own gear. The DIY adventure led him to launch his own […]

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Lancaster software startup merges with industry peer

In a union billed as a merger of complementary technologies, Lancaster-based software startup AutoOps has joined with Boston-based Steer, which develops and sells customer relationship management software to auto repair shops. Terms of the transaction were not disclosed, but Steer plans to retain the leaders, employees and office of AutoOps, which makes software for scheduling auto repairs, according […]

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Building a national brand from a West Shore base

Soon after founding West Shore Home nearly 20 years ago, B.J. Werzyn envisioned turning the home-remodeling business into a nationwide brand. It was not a vision that was readily embraced, given the company’s humble beginnings in an industry long dominated by local contractors. “When you’re one location here in Mechanicsburg, Pennsylvania, with 50 employees and […]

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Lanco startup builds on viral moment: ‘You don’t want it to just be that’

When you’re shipping a $100,000 engagement ring, you don’t take any chances. That’s how Simone Kendle found herself on a plane to Toronto over the Memorial Day weekend. “Delivery person” may not be part of the job description for Kendle, the CEO of Wove, a startup custom jewelry company founded and based in Lancaster. And […]

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PE firm backs spinoff from York IT company

John Dolmetsch believed wireless connectivity would become a staple of modern life. He just didn’t expect it would happen so quickly. “Literally, it’s an explosion,” said Dolmetsch, who in 1992 co-founded York-based IT firm Business Information Group, aka BIG, with his brother, Scott. In a bid to take advantage of that growth, John Dolmetsch partnered this […]

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Lancaster nonprofit names first top exec

The Tandem Center for Shared Business Success, a Lancaster-based nonprofit focused on employee ownership and profit sharing, has hired Drew Mousetis as its first executive director, effective May 20, The nonprofit was founded last year by Chip Cargas, founder of Lancaster-based software company Cargas. Mousetis worked most recently as a lead consultant at Cargas, an employee-owned […]

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Deal for Lanco tiny-homes startup changes shape

The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack. Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger. The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018. But […]

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For Lititz VR firm, sale is path to scale

After striking a deal with ViacomCBS, now Paramount, Lititz-based MajorMega created a virtual-reality game based on popular cartoon character SpongeBob SquarePants and the undersea world of Bikini Bottom. The two-person arcade game debuted at a convention in Orlando, Florida, said Michael Bridgman, a co-founder of the gaming company. “It was really well-received and we got […]

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Statewide venture fund makes first investments

Four months after taking the field, a statewide venture fund is taking its first shots. The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which […]

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Edtech startup hires revenue chief

TEAMology, an education technology startup based in Chambersburg, has hired Gretchen Thompson as its first-ever chief revenue officer, where she will lead sales, business development, strategic partnerships and marketing initiatives. Thompson has held sales, marketing and leadership positions for a number of education-related startups, including ClassLink, Qwizdom and Vizzle. She worked most recently for Baltimore-based Allovue, which developed finance software […]

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Growing Lititz firm adds minority investor

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 […]

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Deal could take Lanco tiny-home firms public

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 […]

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Food

Former exec pleading not guilty to extortion charge

Bryan Chapman, a former supply chain executive for West Shore Home, is pleading not guilty to federal charges that he tried to extort a severance payment from the Mechanicsburg-based home improvement company after he was fired in 2023, according to Chapman and his attorney.  The attorney, Thomas Thornton of the federal public defender’s office, declined to […]

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Utz closing plant amid efficiency drive

Hanover-based snack food company Utz Brands Inc. plans to wind down operations at a plant and warehouse in Grand Rapids, Michigan, as part of an ongoing effort to concentrate production at its larger, more efficient factories.  Manufacturing at the Grand Rapids plant is slated to end by Jan. 30, followed by the end of warehouse operations on […]

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McNees Wallace & Nurick

Ian Brinkman has joined the Lancaster office of McNees Wallace & Nurick as part of the law firm’s corporate and tax Group. He advises clients on mergers and acquisitions, general corporate matters, and nonprofit transactions. Before joining McNees, Brinkman practiced at Lancaster-based Gibbel Kraybill & Hess, advising clients on a broad range of corporate and […]

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Retail, office and mixed-use properties change hands

Crocker Run LLC purchased a mixed-use property at 267–269 E. Market St. in York for $1.005 million from Heit Holdings LLC, according to county deed records. The fully leased, five-unit investment property features one commercial suite and four two-bedroom apartments. The first floor is occupied by Justice Works Family of Services, a social services organization […]

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Costs seen mounting for data center tax exemption

In 2022, Pennsylvania waived sales taxes for computer equipment purchased for use in data centers, provided the centers met certain requirements. Following a slew of announcements about new data center projects around the state, the price tag for that exemption may be going up. The Pennsylvania Department of Revenue is revisiting its forecasts on the […]

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Saxton & Stump

Tamara Fox Rose has joined law firm Saxton & Stump as senior counsel to its regulatory and government affairs, commercial litigation, and tax and tax controversy groups in the firm’s suburban and downtown Harrisburg offices. Ms. Rose worked most recently at law firm Stevens & Lee and its government affairs affiliate, GSL Public Strategies Group, […]

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Phoenix Contact

Davis Mathews has been named CEO of U.S. operations for Phoenix Contact, a manufacturer of electrical and industrial components. Mathews had been an executive board member at the company and worked previously as president of industry management and automation and as a senior vice president of development.  CEO is a new role for the U.S. branch […]

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Lanco contractor taps new prez amid family ownership transition

A Lancaster County contractor is under new leadership as it transitions to the next generation of family owners. Speedwell Construction Inc., based in Penn Township, Lancaster County, has promoted Jon Sensenig to president. Sensenig, who joined Speedwell 10 years ago, worked most recently as vice president of design/build. He succeeds company owners Keith Ebersole, and […]

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Barley Snyder

Shane Brackup has joined Barley Snyder as a member of its litigation and healthcare groups. He will be based in the law firm’s Lancaster office, focusing primarily on medical malpractice defense and health care matters. Brackup worked most recently as assistant district attorney for Lancaster County. Before that, he worked at a law firm in Philadelphia. He […]

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Ecore International

Jeff Coté has been named president and COO of Ecore International. Coté will oversee day-to-day operations and lead strategic initiatives, including efforts to expand markets for the company, which employs more than 800 people. Ecore’s main business is making flooring out of recycled rubber tires. Coté joins the Lancaster-based company after working in a variety […]

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Retail, industrial, office leases inked

Natera Inc., a clinical genetic testing company, leased 2,448 square feet at 850 Walnut Bottom Road in Carlisle. Headquartered in Austin, Texas, Natera specializes in non-invasive, cell-free DNA testing, with a focus on women’s health, oncology and organ health. The lease marks Natera’s first location in Pennsylvania. Pamela Fisher of NAI CIR handled the transaction. […]

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Customers chief to retire

A titan of Pennsylvania banking is passing the baton. Jay Sidhu said Friday he plans to retire on Jan. 1 as chairman and CEO of Customers Bancorp, a Berks County lender that he transformed over a period of nearly two decades. The 73-year-old executive plans to remain the bank’s executive chairman. But he is handing the […]

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Harrisburg retailer adding store

R&M Variety Shop, a Harrisburg-area retailer offering an array of products and services, from pet food to phone repair, is adding a third location. An affiliate of the company paid $1.9 million for a building at 7500 Derry St. in Swatara Township, Dauphin County, according to county deed records. The 22,500-square-foot property was formerly owned […]

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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 […]

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Government

Millions in state grants land on local projects

After a hiatus of about 20 months, Pennsylvania is back in the RACP business. That would be the Redevelopment Assistance Capital Program, a grant initiative that regularly hands money to high-profile community and economic development projects around the state. State officials disclosed the latest round of grants yesterday. The last RACP announcements came in November 2024. […]

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Lawmakers topple barrier to Penn State campus sales

Soon after Penn State announced last year that it would close seven branch campuses across Pennsylvania, questions swirled about what was next for the properties.  A question also arose about Penn State’s freedom to divest the campuses, at least to something besides another school. While the larger question of “what’s next” remains unsettled, state lawmakers answered the narrower […]

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Court upholds rejection of West Shore warehouse expansion

Officials in Silver Spring Township were justified in denying plans to expand a warehouse on a former IBM campus between Carlisle and Mechanicsburg, a state appeals court ruled this week.  The owner of the roughly 478,000-square-foot warehouse at 180 Kost Road, just off Carlisle Pike, wanted to tack on another 210,000 square feet.  But the request was […]

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Data center standards squeeze through House panel

State lawmakers moved yesterday to give some teeth to standards that Gov. Josh Shapiro proposed last month for data centers, including conditions on a lucrative tax break enjoyed by the facilities. The House Finance Committee narrowly approved legislation giving developers speedier state permit reviews in return for meeting minimum standards for protecting the environment, benefiting […]

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Paid-leave bill clears Senate hurdle

Legislation to create a paid family and medical leave program in Pennsylvania sailed through a Senate committee yesterday. The Senate Labor & Industry Committee approved the legislation on a vote of 9 to 2, overriding strenuous objections from the business community. The bill is sponsored by state Sen. Devlin Robinson, an Allegheny County Republican. The […]

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House OKs bill offering tax credits for health plan costs

The state House gave near-unanimous approval yesterday to a measure that would award tax credits to small businesses that help their employees buy individual health insurance.  A small-business lobbyist expressed support for the bill as it moved through a committee vote earlier this month, noting that incremental change is better than no change when it comes […]

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Mandate for tax-collection software advances in PA House

The state House approved legislation yesterday that would require special tax-collection software at businesses that are behind on sales taxes. The measure, which passed on a bipartisan vote of 153 to 48, would allow tax collectors to require the use of automated tax-payment software by businesses that are behind by at least $5,000 on sales […]

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House panel OKs small-biz tax credits for health plan costs

A state House panel yesterday passed legislation authorizing tax credits for small businesses that help their employees pay for health insurance. The legislation, which was adopted on a party-line vote, is designed to offset higher costs faced by people buying insurance through the Affordable Care Act.  How would it work: Under House Bill 2550, businesses with […]

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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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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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Health Care

Doc drops retaliation case against UPMC

A lawsuit brought against UPMC by a cardiologist who alleged he was fired after reporting alleged conflicts of interest involving the health system’s president and CEO has been dismissed. The dismissal follows a resolution of the matter, though the details are unclear. A UPMC spokesperson said no money or other compensation was paid to the cardiologist, Dr. […]

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State authority wrestles with fraud in ACA marketplace

A wave of fraud has been hitting Pennsylvania’s Obamacare marketplace amid an upsurge in suspicious activity in marketplaces nationwide. The state’s market overseer, the Pennsylvania Health Insurance Exchange Authority, has tightened controls over the last few months in an effort to block fraudulent insurance enrollments. State lawmakers also are looking to clamp down, with one measure […]

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Ruling clarifies ban on doctor self-referrals in work comp

In 1993, state lawmakers passed workers’ comp reforms barring doctors from referring injured workers to a menu of services in which the doctors have a financial stake. What’s on the menu has been the subject of a lengthy legal dispute settled last week by Pennsylvania’s highest court. In a 5-2 ruling, the state Supreme Court […]

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UPMC denies retaliation, says local doc fired for cause

Healthcare giant UPMC is firing back at a prominent Central Pennsylvania doctor who claims he was fired after complaining about an alleged conflict of interest involving the health system’s CEO and offensive text messages exchanged between other colleagues. The Pittsburgh-based health system said it fired the physician, Dr. Hemal Gada, for cause “based on deficient clinical performance […]

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Health insurer bucks decline in ACA market

High premiums have squeezed enrollment this year in health insurance plans sold in Pennsylvania under the Affordable Care Act, a federal law designed to make individual health plans easier to afford. The decline has been attributed primarily to the expiration of enhanced federal tax credits that lowered premiums for thousands of people. Other federal credits remain […]

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Enrollment drops in ACA plans in Pennsylvania

Fewer state residents are enrolling in health plans sold under the Affordable Care Act in Pennsylvania. As of April 9, enrollment in the plans stood at 462,751, down nearly 5% from 486,577 at the end of the open enrollment period on Jan. 31, according to a spokesperson for Pennie, aka the Pennsylvania Health Insurance Exchange Authority. The authority […]

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Suit claims health system fired local doc for complaining about offensive texts, alleged CEO conflict

The former head of UPMC‘s heart institute in Harrisburg is suing the health system, claiming he was fired last year after raising concerns about an alleged conflict of interest involving the system’s CEO. The fired executive, Dr. Hemal Gada, also alleges his termination followed his complaints about allegedly racist text messages sent by other leaders at the UPMC […]

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Regional health system chief sets retirement plans

After more than seven years on the job, Roxanna Gapstur is planning to retire from her role as president and CEO of WellSpan Health, a regional health system operating a dozen hospitals. Gapstur has not set a date but plans to step down once a leadership transition is complete. WellSpan has hired executive search firm Korn Ferry to […]

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Western PA health system joins WellSpan-led network for Medicare

Penn Highlands Healthcare, a health system based in DuBois, is joining a regional network formed by WellSpan Health to improve medical care and lower costs for people on Medicare, a network known as an accountable care organization, or ACO. ACOs work to better coordinate treatment for Medicare patients. If they can deliver higher quality care at a […]

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Select Medical co-founder leads consortium in $3.9 billion buyout

Mechanicsburg-based rehab giant Select Medical Corp is going private in a buyout deal valued at $3.9 billion.  The buyer is a consortium led by Select Medical co-founder and executive chairman Robert Ortenzio; Martin F. Jackson, Select Medical’s senior executive vice president of strategic finance and operations; and private equity firm Welsh Carson Anderson & Stowe.  The buyout prices outstanding shares […]

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WellSpan mini hospital poised to open

WellSpan Heath is preparing to admit the first patients to Newberry Hospital, the first of three mini hospitals being developed by the regional health system.  Located next to the Newberry Commons shopping center in Newberry Township, York County, the small-format hospital is set to open in early March, according to WellSpan leaders, who offered a behind-the-scenes look […]

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Officials urge enrollment in ACA health coverage ahead of deadline

At a press conference in Lancaster yesterday, state and local officials urged eligible Pennsylvania residents to enroll in health insurance through the Affordable Care Act before a deadline coming at the end of January. At the same time, officials acknowledged that thousands of state residents are facing higher premiums thanks to the expiration of enhanced […]

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Co-founder pitches deal to take rehab chain private

Robert Ortenzio is looking to put the rehab company he cofounded with his late father back into private hands. Ortenzio proposed this week to buy out shareholders in Select Medical Corp., which is based in Mechanicsburg but operates healthcare facilities around the U.S. In a letter to the company’s board, Ortenzio described himself as “uniquely positioned” […]

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Uncertainty surrounds shopping for health plans

Projections suggest that rising costs will dissuade Pennsylvania residents from buying health insurance through the state’s Obamacare exchange, known as Pennie. Those forecasts will now face a real-world test. Pennie’s open enrollment period starts tomorrow, Nov. 1, for people who want coverage in place for 2026. Enrollment through Pennie has been growing over the last […]

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Penn State hails ‘transformative’ $50M gift to children’s hospital

A New York state business leader and philanthropist has bestowed $50 million on Penn State Health Children’s Hospital in what is being described as a “transformative” gift. But the gift, announced yesterday, is about more than just money.  The 156-bed hospital in Derry Township, Dauphin County, is joining a new alliance of children’s hospitals named […]

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Feds allege engineer parlayed inside scoop on TMI restart into stock gains

Federal authorities charged a former Constellation engineer with using inside knowledge of plans to restart an idled nuclear reactor on Three Mile Island to trade on the company’s stock. The alleged insider trading scheme earned the engineer, Casey Muggleston of Wilmington, Delaware, about $1.4 million, according to a complaint filed this week by the U.S. Securities and […]

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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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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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West Shore broker sues to end state’s real estate office requirement

Should licensed real estate agents in Pennsylvania be required to keep a physical office? A lawsuit from Kevin Gaughen, a real estate agent based in Lemoyne, argues that they should not. Backed by a Virginia-based public interest law firm called the Institute for Justice, Gaughen filed a lawsuit this week in Commonwealth Court in hopes of […]

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Deal expands York-based law firm

York-based CGA Law Firm has acquired the Red Lion-area practice of Eveler & DeArment, a three-attorney firm with expertise in business and real estate law, estate planning and administration, and family law. Terms of the transaction were not disclosed. The new additions to CGA are attorneys Andrea Eveler Stanley, Claudia DeArment and Kristine Eveler, and paralegals […]

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Winery bottled up by court order launches bid to reopen

A York County winery is uncorking a new legal push to resume operations. Moon Dancer Vineyards & Winery was forced to close last year after it was sued by neighbors claiming its business violated restrictions imposed on their section of the upscale Lauxmont Farms subdivision in Lower Windsor Township. Now, the winery is asking a York […]

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Court rules state university is exempt from stormwater fee

In a highly anticipated ruling, a divided state Supreme Court last week said West Chester University does not have to pay a stormwater management fee imposed by West Chester borough. The fee is a tax, the court ruled, and state entities are exempt from taxes. The 33-page ruling caps about eight years of litigation over the fee, […]

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Court ruling tackles issues raised by state consumer protection law

In a ruling last week, the state’s highest court waded into questions about what kind of notice people need to give when canceling contracts with home improvement companies.  At issue was a perceived conflict between two of the state’s cornerstone consumer protection laws: the Unfair Trade Practices and Consumer Protection Law and the Home Improvement […]

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Lender wants sheriff’s sale for shuttered music venue in Harrisburg

A Las Vegas lender is pursuing a sheriff’s sale of the Harrisburg Midtown Arts Center alleging that the partnership that owns the music venue has made only sporadic payments on a $3.72 million loan it took out in 2019.  The partnership, 1110 HBG LLC, repaid nearly $400,000 between 2019 and 2021 but nothing since, according to a foreclosure […]

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Court rejects city tree ordinance in ‘extremely rare’ case

Public notices for a proposed amendment to Lancaster’s shade tree ordinance did not adequately explain what the amendment would change, a state appeals court said yesterday in striking down the measure. The ruling from Commonwealth Court upholds a 2024 decision from a Lancaster County Court of Common Pleas judge, who also found fault with the […]

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Manufacturing

Defense contractor with ‘storied history’ in Lancaster sold 

A Lancaster defense business with its origins in World War II is under new ownership. The business is Ampwave Defense, formerly known as Photonis Defense.  The business was spun out last year by its former parent company, Exosens, a French defense contractor formerly known as Photonis Group.  Ampwave’s new ownership is affiliated with a Los Angeles-based family investment firm […]

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Defense contractor builds on York-area footprint

A defense contractor with two plants in the York area has added a third. San Diego-based Kratos Defense & Security Solutions said yesterday it opened a 167,000-square-foot factory on the former York International campus at 631 S. Richland Ave. in Spring Garden Township. Kratos did not disclose its total investment in the plant, which will support the company’s […]

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Lancaster-area startup brings better data to racquet sports

When John Weinlader was learning to swing a golf club, simulators generated plenty of information that helped him hone his approach and figure out if he was making progress. Tennis, not so much. “I had no way of knowing if I was improving,” Weinlader said. After he and his brother sold their two Lancaster-area companies […]

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Data center demand drives growth for Lancaster firm

The hunger for cooling products is heating up, and a Lancaster-based specialty manufacturer is vying to meet the need. Advanced Cooling Technologies plans to add 50,000 square feet of space to support high-volume production of cold plates used in liquid cooling, a newer technology rapidly being adopted by data center developers. The expansion is the first […]

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Co-founders of manufacturing company tap uncommon exit strategy

After several would-be buyers took a pass on their manufacturing business, Tim Horning and Greg Kimble found an option that appealed to them far more than closing up and walking away from the company they built over a quarter century. Horning and Kimble decided to sell Signature Vacuum Furnaces to its roughly 15 employees. “It just seemed […]

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Flooring maker axes production line at Lancaster plant

Flooring manufacturer AHF Products plans to cease production of sheet vinyl at its plant in Lancaster effective June 28 Based in West Hempfield Township, Lancaster County, AHF will continue operating the Lancaster plant but shift focus to its other chief product, luxury vinyl tile, which is in greater demand. A company spokesperson did not disclose how many […]

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Package maker closing plant, laying off workers amid business decline

Prompted by dwindling volume, a packaging company is closing a plant in Cumberland County and laying off 83 workers effective July 6, according to a notice sent to state and local officials. Nearly half of the workers are line operators, with the rest including forklift operators, production managers and quality control inspectors, among others, according […]

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York manufacturer sold amid demand for its nuclear industry products

A major defense contractor has agreed to buy Precision Components Group LLC,  a storied York manufacturer with a foot in the nuclear power industry. Indeed, Precision’s nuclear business is part of the attraction for the buyer, Lynchburg, Virginia-based BWX Technologies Inc., or BWXT, which supplies nuclear components and fuel to the U.S. Navy and commercial reactors. Precision’s products […]

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York-area saw manufacturer sold

A Canadian company has acquired Oleson Saw Technology, a saw-blade manufacturer in Manchester Township, York County. The buyer, Comact, provides equipment and services for wood-processing industries. Terms of the transaction were not disclosed. Comact plans to maintain the business, which employs about 35 people and makes blades used in sawmills, according to Comact spokesperson Anne-Marie […]

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Growth-minded Ohio firm buys York-area chain manufacturer

York County manufacturer Campbell Chain & Fittings has been acquired by Hillman Solutions Corp., a Cincinnati-based company looking to expand its industrial and commercial chain business. Campbell had been owned by Apex Tool Group LLC, which has been struggling to manage its debt in the face of weak revenue in some tool categories, according to S&P Global Ratings.  Terms of the […]

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State funds cover solar installs at local manufacturers

Three businesses in Central Pennsylvania are installing solar systems thanks to grants from a state program designed to cut carbon emissions from factories and other industrial concerns. The grants are some of the first authorized under the program, dubbed Reducing Industrial Sector Emissions in Pennsylvania, or RISE PA. Engle Printing & Publishing Co. Inc. is receiving $493,114 […]

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Production boost planned at York-area snack plant 

Say hello to Hello Panda. Snack manufacturer Meiji America plans to invest $65 million into its York-area Stauffer’s plant in an effort to boost production of Hello Panda cookies, one of the company’s signature products. Meiji America currently feeds U.S. demand for the cookies from a West Coast plant. But the company wants to bring production capacity to the […]

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Lancaster firm sells stake to investment giant

One of the largest investment firms in the U.S. is buying into a Lancaster County company at the leading edge of trends in energy efficiency. New York-based Blackstone is planning to acquire a majority stake in Advanced Cooling Technologies Inc., whose portfolio includes products that help keep data centers from overheating. Terms of the transaction were not disclosed, […]

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Company to up yogurt processing at Shippensburg plant

A global dairy processor plans to pour nearly $133 million into expansion of a plant in western Cumberland County. Green Bay, Wisconsin-based Schreiber Foods aims to boost yogurt processing at the Shippensburg plant and add at least 47 jobs, according to the Shapiro administration, which is backing the project with a $1 million grant. State […]

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State funds expand school-to-work programs

The Pennsylvania Department of Labor & Industry is awarding grants of more than $4.1 million to support 17 projects that help students graduate with a clear career path. The grant dollars support partnerships among school districts, career and technical centers, employers, workforce boards and training providers. Regionally, grants were awarded to: Harrisburg Area School District ($250,000) – to […]

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Armstrong World snaps up specialty fabricator

Building products manufacturer Armstrong World Industries Inc. said yesterday that it acquired a Chicago-based company called Eventscape Inc., which specializes in designing, making and installing complex architectural features. Terms of the transaction — which continues a multiyear string of deals for Armstrong — were not disclosed. Based in Toronto and New York City, Eventscape employs 150 […]

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Is a sale in the works for Steelton plant?

Executives at Cleveland-Cliffs said this week they have buyers for some of their idled plants, a group of assets that includes a massive factory in Steelton. On a conference call with stock analysts, company execs said they expect to generate $425 million from selling the idle plants — and that the Ohio-based steelmaker already closed on one deal […]

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Marketing

Longtime employee buys Camp Hill marketing/production agency

Travis Snyder has gone from employee to owner of Triscari Productions Inc., a Camp Hill-area marketing company doing business as Triscari Video | Web | Marketing. Snyder became the company’s owner in December, taking over for its late founder, Sebastian Triscari. Triscari, who launched the company in 1983, died in April 2025. In an interview, Snyder […]

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West Shore Home inks $50M deal for Beaver Stadium naming rights

Over the last few years, Mechanicsburg-based West Shore Home has been striving to build a national brand in the historically fractured home improvement business. The company took a major step yesterday toward raising its profile: A 15-year, $50 million deal with Penn State University to stamp the West Shore Home name on Beaver Stadium. The venue is […]

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Merger unites Lancaster marketing firms

Two Lancaster-based digital marketing agencies have come together as one. But for now, they are continuing to operate under their existing names. The firms are YDOP and WTM Digital, which offer similar services but for different clients. YDOP, which trademarked the term “near-user marketing,” works primarily with companies around ther U.S. seeking locally focused digital marketing. WTM Digital, […]

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Harrisburg marketing firm files bankruptcy

Merit Marketing, a Harrisburg-based advertising and marketing firm, filed last month for Chapter 7 bankruptcy, setting it on a path to liquidation. “The economic times are such the company is unable to survive and operate profitably,” Merit owner Adam Vasquez wrote in an email to biznewsPA. Vasquez has owned the company since 2015, when the […]

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CPA giant snaps up Harrisburg’s Andculture

Harrisburg-based Andculture is poised to become part of Chicago-based accounting and advisory firm RSM US LLP. RSM said Thursday it has reached an agreement to buy Andculture, which specializes in marketing strategy, design and technology, Terms of the deal were not disclosed. But it is expected to close June 1, according to a press release. RSM was […]

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Real Estate

Specialty distributor sells Elizabethtown-area warehouse after downsizing

Palmyra-based specialty distributor DAS Companies Inc. has sold an Elizabethtown-area warehouse where it laid off workers at the end of 2024.  A real estate partnership linked to Chicago-based investment firm Industrial Outdoor Ventures paid $15.1 million for the 86,000-square-foot warehouse on a 17.5-acre tract at 48 Industrial Road in West Donegal Township, Lancaster County, according to county deed records. […]

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Hanover bank buildings sold

A pair of former bank buildings on Carlisle Street in downtown Hanover were sold in separate transactions expected to bring new life to both.  According to county deed records, the Hanover Area Historical Society paid $550,000 for the building at 25 Carlisle St. The classical early 20th-century building was a branch for the former Bank of Hanover, which […]

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Dunkin’ franchisee buys former bank office

Machines will soon be dispensing coffee instead of cash at a former Fulton Bank branch in eastern York County. A Dunkin’ franchisee paid $975,000 for the shuttered Fulton branch at 599 W. Market St. in Hellam Township, York County, according to county deed records. The franchisee, GN Realty Hallam LLC, plans to convert the branch into a Dunkin’ donut shop […]

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Developer buys scrapyard at center of environmental dispute

A York-area scrapyard at the center of an environmental dispute is under new ownership. An affiliate of York-based developer Inch & Co. has acquired the property of J&K Salvage, a metal recycling operation shut down by a state order in March following a fire. The affiliate, Codorus Creek Renewal LLC, paid $2.7 million for J&K parcels at 1099 and […]

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Seed distributor pays $10M for Lanco industrial property

King’s AgriSeeds, a seed distributor based in East Lampeter Township, Lancaster County, is moving to new quarters after a real estate affiliate of the company paid $10 million for a nearly 100,000-square-foot warehouse in Upper Leacock Township. Scott Bradbury, senior vice president of Lancaster-based brokerage U.S. Commercial Realty, facilitated the sale. The warehouse is at 43 Graybill […]

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Harrisburg-area golf course could change hands ahead of schedule

The Dauphin County General Authority has tweaked the agreement governing the pending $45.6 million sale of the Dauphin Highlands Golf Course to Dallas-based data center developer Provident Realty Advisors. In a vote yesterday, the authority — which owns the 228-acre course in Swatara Township and Steelton — amended the agreement to allow the sale to close earlier than the original date […]

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Appearing closed, Wolf company warehouse on the market

A warehouse used by a prominent York-based building products supplier is on the market. Formerly emblazoned with the name of Wolf Distributing Co., the nearly 340,000-square-foot building at 3400 W. Market St. in West Manchester Township is listed for sale or lease by real estate firm CBRE.  No prices or rates are listed. But a brochure indicates the potential […]

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Sheriff’s sale looms for suburban Harrisburg hotel

A Harrisburg-area hotel is heading for a sheriff’s sale in June after allegedly defaulting on its debt. The owners of Holiday Inn Harrisburg East in Swatara Township, Dauphin County, a New Jersey-based partnership called Shri Sai Middletown LLC, owe nearly $11.3 million, according to a foreclosure notice filed last fall by its lender, Oregon-based Standard Insurance Co., […]

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Planners narrow options for reusing Penn State York campus

After months of research and community engagement, the York County Economic Alliance is narrowing the list of options for reusing the campus of Penn State York after its scheduled closure in May 2027. The three leading contenders include a healthcare/higher education hub, a conference/hospitality hub and a vo-tech/workforce development hub, YCEA chief strategy officer Silas […]

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Prominent Harrisburg law firm relocating to West Shore

For nearly six decades, McNees Wallace & Nurick has occupied a prime piece of Harrisburg real estate — a nine-story office building overlooking the Susquehanna River. But sometime in 2027, the law firm expects to cross the river into somewhat smaller digs in East Pennsboro Township, Cumberland County. McNees has inked a 20-year lease for a roughly […]

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Local warehouses sold as part of multistate $575M deal

Warehouses in Cumberland and Franklin counties are changing hands as part of a larger $575 million deal involving a string of 25 warehouses stretching from Connecticut to Florida. The buyer is Radnor-based EQT Real Estate, an active player in the regional market for warehouse space. The seller is Mapletree Investments, a Singapore-based real estate investment firm managing […]

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Rock Lititz lands corporate HQ for Nashville campus

Rock Lititz’s Nashville business has snagged an audio equipment manufacturer as the latest tenant for its Rock Nashville campus.  Sennheiser, based in Germany, has tapped the Tennessee campus as the site of its Americas headquarters, which is currently in Old Lyme, Connecticut. The move, representing an investment of $2.5 million, will add at least 25 jobs to […]

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Bank sheds admin building in sale-leaseback deal

With fewer employees reporting the office, Lancaster-based Fulton Financial Corp. sold its administrative services building in East Petersburg and is leasing back a little less than half of the space. The building at 1695 State St. in the Lancaster County borough spans about 100,000 square feet, according to Fulton spokesperson Steve Trapnell. It houses a range […]

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Capital-area farmland sold. Data centers could follow.

A company that develops data centers is doubling down on the Harrisburg area. Last summer, Dallas-based Provident Realty Advisors agreed to pay $45.6 million for the Dauphin Highlands Golf Course, a 228-acre property west of Route 283 in Swatara Township and Steelton where Provident is expected to build data centers.   In late January, the company paid $50 million […]

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Carlisle-area warehouse fetches nearly $142M

One of the biggest warehouses in Cumberland County has changed hands. An arm of California-based investment firm PCCP LLC paid $141.6 million for a 1.2 million-square-foot building at 3419 Ritner Road off Interstate 81 in West Pennsboro Township, according to real estate firm JLL, which represented the seller, an affiliate of Radnor-based Exeter Property Group.  Exeter paid $85 million for […]

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Area mobile home parks fetch millions of dollars

A trio of Lancaster County mobile home parks changed hands over the past month in deals totaling more than $20 million. A Florida-based investor called Nebula Realty Trust sold parks in Earl and Penn townships for a combined $14.55 million, while a Conestoga-based partnership sold a Providence Township park for nearly $6.9 million, according to county deed […]

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Retail

Township, garden center feud over events

Hueter’s Greenhouses LLC and Springettsbury Township, York County are locked in litigation over events held at the garden center, which is at 3465 Deininger Road near Rocky Ridge Park. Since at least 2023, Hueter’s has been hosting spring and fall festivals featuring vendors, food trucks and live music, as well as events for holidays like Mother’s […]

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Lawmakers hit controversial pricing method with bans, probes

So-called surveillance pricing is drawing scrutiny in Pennsylvania and around the U.S. State lawmakers have introduced bills to ban the practice, and a New Jersey Congressman is demanding answers about it from 25 retailers, including Carlisle-based grocery chain The Giant Co.  What is it: Surveillance pricing refers to the use of personal customer data to set […]

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Regional appliance retailer opening branch in York area

Business in York County has been growing for Lancaster County-based L.H. Brubaker Appliances & Water Treatment. The company is now planning its first retail branch there. L.H. Brubaker expects to open this fall in leased space at the West Manchester Town Center in West Manchester Township, according to company owner and president Donnie Frank.  “There’s not […]

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Turkey Hill affiliate buying western PA c-stores

Cumberland Farms, a regional convenience store chain that shares a corporate parent with Turkey Hill Minit Markets, has agreed to acquire Coen Markets, one of the oldest convenience store chains in the Pittsburgh area. Terms of the transaction, expected to close this year, were not disclosed. Founded in 1923 and based in Canonsburg, Coen operates 54 stores […]

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Restatement trims profits for regional grocery chain

Grocery chain Weis Markets shaved millions of dollars off its profits over the last several years due to an inventory error that the company attributed to “misconduct” by a former non-executive employee The Sunbury-based company did not disclose the nature of the misconduct or whether it would lead to any legal action. But in its annual report […]

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Pennsylvania gets a slice of $100M Walmart settlement

Walmart has reached a $100 million settlement in a multistate complaint over compensation for delivery drivers in its eight-year-old Spark Driver Program. Pennsylvania Attorney General Dave Sunday was part of a bipartisan group of attorneys general and the Federal Trade Commission that pressed the complaint, according to a press release. The settlement, filed on Feb 26, resolved allegations […]

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Inventory error could ding earnings for grocery chain

In a regulatory filing, Weis Markets disclosed that it overstated some of its inventory and plans to restate its financials going back to 2022. As a result of the accounting miscue, the Sunbury-based grocery chain said investors could no longer rely on its financial reports covering fiscal years 2022, 2023, 2024 and the first three quarters of […]

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Giant in deal to buy Bedford County grocery stores

Carlisle-based The Giant Co. said yesterday it agreed to buy Everett Foodliner and Saxton Market, a pair of Bedford County grocery stores owned by brothers Bob and Joe Appleby. Giant is buying the real estate and related grocery and fuel business assets for what will become its first stores in the county. Terms of the transaction, expected to close […]

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Giant closing ecommerce fulfillment centers in Lancaster, other PA locations

Carlisle-based grocery chain The Giant Co. is closing ecommerce fulfillment centers in Lancaster and four other places in Pennsylvania as it changes its approach to delivering groceries ordered online, a service known as Giant Direct.  Giant is dropping its centralized model in favor of a store-based approach, according to company spokesperson Ashley Flower.  Giant employees […]

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Chicago restaurateur taking former Iron Hill spots

Life could be returning to Iron Hill Brewery and Restaurant locations in Hershey and Lancaster following the regional chain’s sudden bankruptcy in October. Chicago-based Ciao Hospitality Group is taking over leases at the two locations and plans to reopen them within a few months, according to Ciao CEO Jeff Crivello. What to name the venues is still up in […]

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Regional home improvement biz sold

Renewal by Andersen of Central PA, an independently owned retail affiliate of Minnesota-based door and window manufacturer Andersen Corp., has been acquired by another Andersen affiliate, St. Louis-based The Birner Group. Terms of the transaction were not disclosed. The Central PA Andersen affiliate was owned by Joe Zisman, who is retiring after five decades in the industry, […]

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Weis picks up scrips from 11 Rite Aid stores

Weis Markets has won court approval to take over prescriptions for customers at 11 Rite Aid stores in Pennsylvania and New York, according to a spokesperson for the Sunbury-based grocery chain. The stores include Rite Aid locations in Dover and Hanover, as well as Altoona, Brodheadsville, Fogelsville, Honesdale, Montoursville, Mountain Top, Wellsboro and Williamsport, Weis spokesperson […]

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Discount retailer to reopen across region

Big Lots is coming back to Central Pennsylvania. The retail brand’s new owner, North Carolina-based Variety Wholesalers, plans to reopen more than two dozen former Big Lots in Pennsylvania over the next two months, including locations in Cumberland, Lebanon, Lancaster and York counties. Variety is reopening three Big Lots on May 1 in Dunmore, Eynon and […]

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CEO departs Mechanicsburg-based donut chain

Four years after taking the helm at Duck Donuts, Betsy Hamm has resigned. Hamm had led the Mechanicsburg-based donut shop franchisor as CEO since it sold a majority stake in April 2021 to NewSpring Capital, a private equity firm based in Radnor. “Duck Donuts appreciates Hamm’s leadership she provided throughout her years with the company,” said a company […]

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Ollie’s loads up on stores from bankrupt rival

OIlie’s Bargain Outlet Holdings is grabbing another clutch of former Big Lots stores in a bankruptcy auction.  Pending court approval and price adjustments from landlords, the Harrisburg-based discount retailer will pay $188,838 for seven Big Lots leases, according to court filings. Two of the locations are in Florida and two are in Missouri, with one each […]

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Technology

AI meets executive coaching

As leadership coach Chad Harvey came to grips with the potential for AI to change everything, he started learning as much as he could about the technology. Then he started using it to build tools. “Not just your standard chatbot-type things but really investing in the technology in ways that meaningfully enhanced the work that […]

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Saxton & Stump establishes new AI role within the firm

As more organizations explore the practical implementation of machine learning and artificial intelligence models to solve real-world business problems, law firms are taking note. Phil Saunders, the CEO of Relativity, a legal data intelligence company, noted in an interview with Law360 that, “AI has become a defining part of how legal tasks get done.”  Regional […]

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Can regulators prevent sticker shock over data centers?

State regulators are crafting guidelines designed to address one of the chief risks of the data center construction boom — that Pennsylvania residents and businesses get stuck with a hefty tab for building out the substations and power lines that feed electricity to the centers. The guidelines, proposed by the Pennsylvania Public Utility Commission, are currently […]

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Local law firm hit by data breach

A data breach struck a Lancaster law firm this fall, exposing personal information on about 2,200 people, according to a notice filed with the Maine Attorney General’s office. Law firm BCGL LLC discovered the breach in October after identifying suspicious activity in its network, according to the notice, which the firm filed this month. The firm said it […]

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Lancaster, developer forge deal over data center standards, community benefits

At a press conference yesterday, Lancaster Mayor Danene Sorace unveiled an agreement between the city and Chirisa Technology Parks, the Virginia-based company spearheading development of data centers on the site of former printing plants in the city. The 32-page community benefits agreement requires Chirisa to meet standards in areas such as noise, power and water usage for […]

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Is there a middle way for data centers? Team PA bets on it

Advocates embrace data centers as engines of economic opportunity and a symbol of Pennsylvania’s appeal to high-tech industries, drawn, in part, by abundant supplies of energy. Critics are fighting back, citing the centers’ potential harm to the environment and quality of life in the communities where they are being proposed. Team Pennsylvania is hoping to […]

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Harrisburg-area golf course sold to data center developer

A suburban Harrisburg golf course is preparing to swap drivers for data. The Dauphin County General Authority voted yesterday to sell the Dauphin Highlands Golf Course for $45.6 million to a Texas company planning a data center on the 228-acre property in Swatara Township and Steelton. But there’s time for a few more rounds of golf. The […]

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Data center plans provoke debate over impact, process

At a meeting last night, developers shared more details on their plans for a $15 billion data center complex near Carlisle. Residents shared a barrage of doubts. Over two hours, they questioned how much water and electricity the centers would use. They questioned how the developers picked the 700-acre tract of farmland in Middlesex Township where […]

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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 […]

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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, […]

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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 […]

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Demo approved, sites confirmed for Lancaster data centers

The dust is still settling on the flurry of announcements for massive data and energy projects proposed this week for Pennsylvania.  Actual dust could soon start flying on one of those projects — a $6 billion data center investment in Lancaster. The city has issued demolition permits for the first phase of the project, according […]

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Big tech showering billions on local data, energy projects

Major tech companies yesterday disclosed billions of dollars in new investment in Central Pennsylvania, though some key details remain to be filled in. Data center giant CoreWeave said it plans to sink $6 billion into developing a data center in Lancaster in partnership with a company that recently acquired two former printing plants in the city.  A […]

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Amazon bringing more data centers to PA amid growing concerns over cost

The data center boom made a big bang yesterday in Pennsylvania.  Tech giant Amazon said it plans to invest at least $20 billion to build data centers in Pennsylvania, starting with a pair of locations in eastern Pennsylvania. The Shapiro administration described the company’s move as the largest private-sector investment in state history. “This is not just […]

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Authority tees up potential golf course sale amid data center demand

A suburban Harrisburg golf course is the latest plot of land in the region to draw attention from developers of data centers, power-hungry computing facilities that are vital to the growth of artificial intelligence. Would-be buyers with data centers in mind have shown an appetite for the Dauphin Highlands Golf Course, according to Jeanette Krebs, […]

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Heller-linked IT firm sells unit to California company

A California tech firm has acquired portions of a Lancaster-based IT company co-founded by Daryl Heller, the business owner at the center of a legal vortex. The Lancaster company is AVAIL Technology Solutions, which traces its roots to a venture called Premier Management Group.  Premier was founded in 1990 by Heller and entrepreneur Bob Horst. But the […]

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Other Categories

Investors sue bank for alleged faulty oversight of Lancaster ATM operator

The flurry of litigation around defunct ATM operator Paramount Management Group and its former principal, Daryl Heller is thickening. Investors in the ATM network are suing a South Dakota bank that signed off on Paramount’s financial condition, alleging the bank should have warned them about shortcomings at the Lancaster-based ATM company. A company that sold ATMs to […]

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Regional lawn-care company sold

Green Image Lawn Care, a regional lawn-care company with offices in York and Lancaster counties, has been acquired by LawnPRO Partners, a platform backed by HCI Equity Partners, a private equity firm based in Washington, D.C. Terms of the transaction were not disclosed. Green Image is led by Luke Zimmerman and Ryan Freed, who are continuing to […]

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York-area brewer taps into downtown Lancaster

York County-based South County Brewing is planning to take over the former Pressroom restaurant in downtown Lancaster.  The spot at 26 W. King St. will be the third for South County. Founded in 2011, the brewery also has locations in Fawn Grove and York Township in York County. When is this happening: The roughly 22,000 square-foot venue […]

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School board denies tax abatement for York-area sports complex

A York-area school board turned down a request by developer Inch & Co. to secure tax relief for a $35 million sports complex the company is building in North York. York-based company Inch & Co. was asking the Central York School District for relief through the Local Economic Revitalization Tax Assistance program, which phases in property tax […]

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Sales include Camp Hill brownstone, Hanover industrial property

A 3,000 square foot Victorian-style brownstone at 1924 Market St. sold for $585,000 in an investment sale. Built in 1870, the home now is a mixed-use property. Tenants include Beyond Beauty Skin Therapy, a restorative skin care and facial salon, and two residential units. Tyler Matisse of Campbell Commercial Partners represented the seller in the […]

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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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Nonprofit lender lands $40M in tax credits to back projects

Community First Fund has been awarded $40 million in new market tax credits, which it can use to support economic-development projects around the region. The credits are awarded annually by the U.S. Treasury on a competitive basis.  Based in Lancaster, Community First was awarded $30 million in new market tax credits last year. Those credits are […]

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Prominent York restaurant to see new life

Restaurateur Victor Claffey is gearing up to open a restaurant called Bloom in the former Left Bank Restaurant and Bar in downtown York. Claffey, an Irish native with two decades of restaurant experience in Ireland and the U.S., hopes to infuse new life into the space, which is one of the oldest fine-dining establishments in York. “I think there […]

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State residents leery of driverless vehicles

The adoption of driverless vehicles in Pennsylvania depends on resolving a host of legal, regulatory and technical challenges.  But it also may rest on cultivating a more positive public perception, judging by the reaction to draft guidelines for highly autonomous vehicles, or HAVs, published last month by PennDOT. HAVs include vehicles monitored and operated from a […]

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Harrisburg venue kicking off 25th anniversary party

Whitaker Center for Science and the Arts in Harrisburg is planning a birthday celebration this week designed to reintroduce the 25-year-old center to the community. The celebration kicks off Monday Sept. 9 with a private lunch for the center’s founding board and staff members, as well as other community leaders who helped bring Whitaker to Harrisburg. Tuesday […]

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Phoenix Contact USA

Phoenix Contact USA, based in Middletown, restructured its leadership team as of Sept. 1. The changes are in preparation for the Dec. 31 retirement of President Jack Nehlig after 23 years with the company. Heath Scoggin has been promoted to president of device connectors for the business area and will lead Phoenix Contact development and […]

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Neighbors claim York County winery is violating order allowing it to reopen

The land-use dispute between Moon Dancer Vineyards & Winery and neighboring homeowners is taking a new twist. In a legal filing last week in York County court, the neighbors, Amanda Perko and Matthew Balsavage argue that the winery in Lower Windsor Township appears to be violating limits on its operations set by a recent court order. […]

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Hanover Foods, union reach deal, avoid strike

Hanover Foods agreed on a new labor contract this week with a union representing about 300 employees at its Hanover-area plants. The union — United Food and Commercial Workers Local 1776 — had threatened to strike, with its leader arguing that the company was proposing unacceptable changes to health and pension benefits, as well as inadequate raises. The […]

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