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Pennsylvania Business Report
Little Leaf Farms expanding McAdoo location
Massachusetts-based Little Leaf Farms, a controlled environment agriculture (CEA) company, recently announced it is expanding its McAdoo campus. Earlier this month, the company opened a third greenhouse. A fourth greenhouse is expected to open during autumn 2025. The two greenhouses add an additional 20 acres of greenhouse space. Expansion supports Little Leaf Farms’ rapid growth, […] The post Little Leaf Farms expanding McAdoo location appeared first on Pennsylvania Business Report.
Pittsburgh poised to become global hub for human health innovation, new study says
Data-driven healthcare and connected devices, along with the development and manufacturing of next-generation therapeutics, could make Pittsburgh a global hub for human health innovation, according to a new study from the Pittsburgh Life Sciences Alliance (PLSA). “When we look across peer and even more advanced markets, Pittsburgh has unparalleled capabilities in all forms of data […] The post Pittsburgh poised to become global hub for human health innovation, new study says appeared first on Pennsylvania Business Report.
B. Braun provides update on company efforts to secure IV fluid supplies
Bethlehem-based B. Braun Medical, a smart infusion therapy and pharmacy products provider, recently issued an update on its efforts to secure IV fluid supplies. The company worked closely with the Administration for Strategic Preparedness and Response proceeding Hurricane Milton to move 60 truckloads of IV solutions to a secure facility north of Florida. Now the […] The post B. Braun provides update on company efforts to secure IV fluid supplies appeared first on Pennsylvania Business Report.
Proposed federal funding would support construction of new Infinera manufacturing plant in PA
United States lawmakers representing Pennsylvania applauded a newly proposed federal investment that could help semiconductor manufacturer Infinera Corp. build a new plant in Bethlehem, Pa. Specifically, Infinera and the U.S. Commerce Department have signed a non-binding preliminary memorandum of terms for Infinera to receive up to $93 million in direct funding as part of the […] The post Proposed federal funding would support construction of new Infinera manufacturing plant in PA appeared first on Pennsylvania Business Report.
House Republicans name regulatory review administrator
Pennsylvania House Republican Leader Bryan Cutler (R-Lancaster) recently appointed Michaele Totino, an attorney, as the Republican caucus’ permanent regulatory review administrator, effective immediately. Totino will be responsible for reviewing old and new regulations across all state government platforms. The information will be used to inform the caucus’ administrative oversight strategy. She will work with and […] The post House Republicans name regulatory review administrator appeared first on Pennsylvania Business Report.
Luxembourg company to purchase Universal Stainless and Alloy Products
Luxembourg-based Aperam, a company specializing in stainless, electrical and specialty steel, recently agreed to purchase Bridgeville, Pa.-based Universal Stainless and Alloy Products, a manufacturer and marketer of semi-finished and finished specialty steels. In an all-cash transaction, Aperam will acquire all the outstanding Universal shares for $45 per share. Once the transaction is complete, Universal will […] The post Luxembourg company to purchase Universal Stainless and Alloy Products appeared first on Pennsylvania Business Report.
State considers how to quell rising consumer prices while meeting massive power demands
Pennsylvania lawmakers and power industry stakeholders are working to figure out how to meet the state’s growing demands for electricity without putting consumers in the poor house. PJM Interconnection, the regional transmission organization for Pennsylvania and several other states, expects consumer electricity bills to increase up to 30 percent following its energy capacity auction held […] The post State considers how to quell rising consumer prices while meeting massive power demands appeared first on Pennsylvania Business Report.
Tolerance Bio raises $17.2 million in financing
Philadelphia-based Tolerance Bio, a biopharmaceutical company focused on manipulating immune tolerance via the thymus to address various immune-mediated diseases, recently raised $17.2 million during a seed financing round. Investors included individuals in the biotechnology industry; BioAdvance, an early-stage life sciences fund with a focus on the mid-Atlantic region; Ben Franklin Technology Partners of Southeastern Pennsylvania, […] The post Tolerance Bio raises $17.2 million in financing appeared first on Pennsylvania Business Report.
Pause in LNG export licenses to hurt jobs, economy, new NAM report says
Approximately 900,000 jobs could be at risk if there is an ongoing pause in liquefied natural gas (LNG) export licenses, according to a new report from the National Association of Manufacturers (NAM). In January 2024, the Biden administration announced a ban on pending LNG export approvals to non-free trade agreement countries until the Department of […] The post Pause in LNG export licenses to hurt jobs, economy, new NAM report says appeared first on Pennsylvania Business Report.
PPG Industries takes ‘self-help’ actions to reduce cost structure
Pittsburgh-based PPG Industries Inc., a global supplier of paints, coatings, and specialty materials, said Thursday it has reached a definitive agreement to sell 100 percent of its architectural coatings business in the United States and Canada for $550 million to industrials investor American Industrial Partners (AIP). “We are pleased to reach an agreement with American […] The post PPG Industries takes ‘self-help’ actions to reduce cost structure appeared first on Pennsylvania Business Report.
Hershey signs agreements with nine African cocoa-producing cooperatives
The Hershey Company recently announced it signed five-year agreements with nine cocoa-producing cooperatives in Côte d’Ivoire and with Sucden, a French soft commodities trader. The agreements include a memorandum of understanding that aims to preserve the environment and strengthen farm resilience; invest in community-based resources that improve household wellbeing; partner with farmers to professionalize cocoa […] The post Hershey signs agreements with nine African cocoa-producing cooperatives appeared first on Pennsylvania Business Report.
Vision RNG closes on sale of tax credits to fund new development efforts
Vision RNG LLC, a green energy supplier in Washington County, Pa., said Tuesday the company successfully sold $11.6 million in Investment Tax Credits (ITCs) under the Inflation Reduction Act that will provide it with capital to develop landfill gas to renewable natural gas (LFG-to-RNG) projects. “Closing this sale of [ITCs] is a crucial step for […] The post Vision RNG closes on sale of tax credits to fund new development efforts appeared first on Pennsylvania Business Report.
WhiteHawk Energy renews proposal to buy PHX Minerals
WhiteHawk Energy LLC, which is focused on acquiring mineral and royalty interests in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Marcellus Shale, this week reiterated its proposal to buy PHX Minerals Inc., a Texas-based natural gas and oil mineral company. Following months of private conversations, WhiteHawk went public Monday in its attempt to […] The post WhiteHawk Energy renews proposal to buy PHX Minerals appeared first on Pennsylvania Business Report.
PJM concerned rising demand, retiring resources could leave system vulnerable
Norristown, Pa.-based PJM Interconnection LLC, a regional transmission organization (RTO), released its winter outlook on Monday warning that while adequate resources exist to serve the forecasted demand for electricity this winter under normal conditions, decreasing reserve margins pose risks to the system. “The PJM system is reliable today, but we are keenly aware of the […] The post PJM concerned rising demand, retiring resources could leave system vulnerable appeared first on Pennsylvania Business Report.
UPMC names next executive vice president
UPMC, the second largest provider-sponsored insurer in the United States, recently named Mary Beth L. Jenkins as executive vice president. Jenkins was also named UPMC Health Plan president and CEO and UPMC Insurance Services Division president, effective Jan. 1. Jenkins joined UPMC Health Plan in 1998 and has served in numerous roles. Most recently she […] The post UPMC names next executive vice president appeared first on Pennsylvania Business Report.
ACR purchases New Jersey product supply company
Exton-based ACR, an essential foodservice supplies supplier, recently purchased New Jersey-based Mat-Pac, a product supplier for the North American foodservice and janitorial/sanitation markets. “We are thrilled to welcome Mat-Pac into the ACR family,” Scott Milberg, ACR CEO, said. “This acquisition marks a significant step forward in our growth strategy, enabling us to enhance the customer […] The post ACR purchases New Jersey product supply company appeared first on Pennsylvania Business Report.
PA House Republicans urge Biden to approve deal between U.S. Steel, Nippon Steel
Several Pennsylvania state Republican representatives introduced a resolution in the General Assembly Oct. 9 urging President Joe Biden to approve the sale of U.S. Steel Corp. to Nippon Steel Corp. to help ensure the well-being and welfare of the residents in the commonwealth. State Reps. Robert Mercuri (R-Allegheny), Kerry Benninghoff (R-Centre County, Mifflin County), Marla […] The post PA House Republicans urge Biden to approve deal between U.S. Steel, Nippon Steel appeared first on Pennsylvania Business Report.
Pennsylvania senators plan bill to prohibit distribution of impact fees from natural gas development
Two Pennsylvania State senators said Wednesday they plan “in the near future” to cosponsor a bill that would prohibit the distribution of impact fees generated from natural gas development to any municipality that unreasonably limits or prohibits future development of natural gas within the municipality. “The impact fee was carefully constructed to compensate municipalities that […] The post Pennsylvania senators plan bill to prohibit distribution of impact fees from natural gas development appeared first on Pennsylvania Business Report.
BAE Systems receives $184M contract modification for U.S. Army AMPV production
BAE Systems, a London-based defense and space manufacturing company, recently received a $184 million contract modification, which adds 48 Armored Multi-Purpose Vehicles (AMPV) to an existing U.S. Army, full-rate production contract. “Soldiers deserve advanced capabilities like the AMPV that have been successfully tested to accomplish the many mission roles they will serve in the formation,” […] The post BAE Systems receives $184M contract modification for U.S. Army AMPV production appeared first on Pennsylvania Business Report.
Acrow installs solar panels at Milton facility
Acrow, a New Jersey-based international bridge engineering and supply company, recently completed the installation of rooftop-mounted solar panels at its steel manufacturing facility in Milton. The panels are part of major upgrades being made at the facility. Other upgrades include new machinery, robotics, and tooling. “Sustainability is a global priority and at Acrow, it is […] The post Acrow installs solar panels at Milton facility appeared first on Pennsylvania Business Report.
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