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Harrisburg, Pennsylvania · HarrisburgVoith Hydro unveiled its newest, more than $5 million, investment in hydroelectric manufacturing Tuesday. Stanley Kocon, president and CEO of Voith Hydro North America, also announced the company qualifies for tax credits under the Qualifying Advanced Energy Project Tax Credit (48C), which is funded by the Inflation Reduction Act. The 200-ton, 30-foot-tall PAMA Speedram 3000 horizontal boring mill was unveiled at Voith Hydro’s manufacturing fa…See the Story
Voith Hydro unveils $5M investment; announces tax credits - Central Penn Business Journal
Health Care · HarrisburgQuality health care is abundant in South central Pennsylvania and Lehigh Valley, according to rankings by Newsweek and Statista Inc. In its World’s Best Hospitals 2024, the organizations ranked 2,400 hospitals across 30 countries. They further broke the rankings down by states. In Pennsylvania, Penn State Milton S. Hershey Medical Center ranked third with a score of 89.08% and Reading Hospital earned the fifth spot with a score of 85.54%. Pe…See the Story
Area hospitals rank among best in state - Central Penn Business Journal
Ephrata, Pennsylvania · EphrataThe ENT Center has joined WellSpan Health, expanding the health systems reach into Lancaster County. The ear, nose, and throat (ENT) care practices in Lancaster and Ephrata have been providing services, along with hearing services for 50 years, WellSpan Health said. The practices are now known as WellSpan ENT and Hearing Center at Lancaster, 810 Plaza Blvd., and WellSpan ENT and Hearing Center at Ephrata, 561 W. Trout Run Rd. WellSpan Healt…See the Story
WellSpan Health acquisition expands its reach into Lancaster County - Central Penn Business Journal
Real Estate · HarrisburgThe industrial real estate market along the I-78/I-81 corridor remains strong despite a slowdown in the market in the last few quarters. Sean Bleiler, executive vice president with commercial real estate firm, CBRE, said that the slowdown continued in the first quarter of 2024, news he called generally neutral. The market has simply returned to the level that was normal before the COVID-19 pandemic when commercial real estate broke records as …See the Story
I-78/I-81 Industrial real estate corridor stabilizing to pre-pandemic levels - Central Penn Business Journal
Unemployment · HarrisburgThe proposal to take Macy’s Inc. private lives on, but the heat may be coming down a bit. Macy’s Inc. this morning announced it will seat two new independent directors on its board, effective immediately. Richard (Ric) Clark and Richard (Rick) L. Markee will also join the company’s Finance Committee, which is tasked with reviewing Arkhouse and Brigade’s proposal to acquire Macy’s – along with any alternatives. In exchange, Arkhouse has agreed to…See the Story
Macy’s strikes a deal with buy-out suitor Arkhouse Management Co. - Central Penn Business Journal
Harrisburg, Pennsylvania · HarrisburgThe Pennsylvania Broadband Development Authority (PBDA) has approved $204.1 million in grant awards to expand high-speed internet access in underserved areas. U.S. Senator Bob Casey, D-PA, and PBDA Executive Director Brandon Carson announced the grant awards Thursday. The funding will be matched by more than $200 million in private investment, bringing this total investment for Pennsylvania broadband projects to more than $400 million, which wil…See the Story
Pa. moves to close digital divide, expand internet access - Central Penn Business Journal
Gaming · PennsylvaniaHARRISBURG — The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during March 2024 was $554,625,294, an all-time monthly high eclipsing the previous high revenue month…See the Story
Gaming Control Board reports record revenue in March 2024
Harrisburg, Pennsylvania · HarrisburgMessiah University has launched two initiatives to address the teacher shortage in its region. The Mechanicsburg-based University said it is partnering with local school districts to encourage high school students to explore teaching as a career and offering teachers who hold a temporary emergency/intern certification to earn Level 1 state certification which is needed to teach long term through its Teacher Certification Initiative. The Educat…See the Story