The past year in Central Pennsylvania real estate was punctuated by some high-profile deals, as well as a torrid market for warehouses and other industrial properties. Here’s a look at what transpired in 2021.
A state court has delivered a partial win for Pennsylvania in a year-old lawsuit seeking damages from ag giant Monsanto and related enitities over PCBs.An 84-page Commonwealth Court ruling on Dec. 30 swept aside six of Monsanto’s nine objections to the state lawsuit, paving the way for the next phase of litigation.Judges, however, did uphold two of the […]
Armstrong Flooring, one of Central Pennsylvania’s largest manufacturers and a long-time staple in the Lancaster economy, said late Friday it is considering a sale or other strategic alternative.Company leaders had been working to set Armstrong Flooring on a more profitable path, which included cutting down on its product portfolio and moving to a new, smaller headquarters in the […]
The past year has been a busy one for mergers and acquisitions in Central Pennsylvania. Take a closer look at the action in this month-by-month recap for 2021. Unless otherwise indicated, the deal terms were not disclosed.January:U-GRO Learning Centres, a Derry Township-based preschool chain, was purchased by Michigan-based Learning Care Group, one of the country’s […]
Every year, developers and local officials around Pennsylvania ask for funding from a state program called the Redevelopment Assistance Capital Program, or RACP.Last year, projects in Cumberland, Dauphin, Lancaster, Lebanon and York counties took home more than $39 million.But grants are not guaranteed. The program is competitive and many projects walk away empty-handed. This year, […]
As people trickle back into the workplace around Central Pennsylvania, it may feel like a return to normal. But the feeling could be deceptive.The return to the workplace is a change. And while the change is welcome, people still need time to adjust.“It’s not like you can just pick up where you left off,” said […]
Martin Fedorko did not cross the finish line the first time he tried to create a venture fund in York County. But he came away with valuable lessons he is applying to his latest effort: White Rose VenturesMost importantly, he learned that York County’s would-be investors are indeed interested in backing local companies. They just […]
As elected officials debate another government-led kickstart to the U.S. economy, business leaders are optimistic about their own prospects but resigned to slower growth overall.That’s the gist of two recent surveys gauging the outlook of executives who have spent the last six months grappling with the crippling impact of a pandemic that has taken more […]
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