Latest News

Business "wins" in southwestern Pennsylvania increased 12 percent in 2013

The Pittsburgh Regional Alliance (PRA) recently released its annual development performance scorecard, which showed a 12 percent increase in new facilities, company expansions, and attraction/retention of firms and startups across southwestern Pennsylvania.

Falling bankruptcies may be result of improved lending regulation, credit availability

Personal bankruptcies in Western Pennsylvania and nationwide have steadily fallen for the past four years, which may better underscore the impact of tightened regulations and credit availability rather than improved economic conditions.

Pittsburgh area tech firms pulled in $60 million in venture capital for Q2

A new report on Pittsburgh's tech industry showed four tech firms in the area raised at least $10 million in venture capital in the second quarter, pushing the regional total to $60 million among 21 companies.

Poll: Majority of Pennsylvanians oppose tax collection on internet companies

A recent poll conducted by the National Taxpayers Union and R Street Institute found that a majority of Pennsylvanians oppose legislation that would allow the state to collect sales tax from e-merchants not based in the state.

Pessimistic attitude about business climate prevails among Pa. executives

A recent survey of more than 360 business executives from across Pennsylvania found that a majority of executives are pessimistic about the outlook of the state's business climate.

Report: Credit downgrade not surprising

Nathan Benefield, the vice president of policy analysis at the Commonwealth Foundation, said on Monday that Moody's recent decision to downgrade Pennsylvania's debt is not surprising.

Pennsylvania lags behind nation in employment, housing

A number of new data sets indicate that Pennsylvania is on the path to recovery, though some experts maintain that the state is lagging behind the nation in terms of employment and housing.

Cost of liquor licenses could discourage potential restaurateurs

Pennsylvania entrepreneurs seeking to open a restaurant could find it difficult in some parts of the state, including Western Pennsylvania, where liquor licenses can cost upwards of $250,000.

Rendell criticizes lawmakers' opposition to infrastructure investment

Former Pennsylvania Governor Ed Rendell criticized lawmakers last week who have voiced opposition to investments in national infrastructure - one of his main areas of focus since leaving office in 2011.

Corbett administration reaches deal with PEDF to hold drilling revenue steady

Pennsylvania Governor Tom Corbett's administration announced a deal last week to prevent a funding cut for the state Department of Conservation and Natural Resources (DCNR) during a pending lawsuit aimed at stopping natural gas drilling in state-owned parks.

Corsa Coal to resume trading following acquisition announcement of Severstal's PBS Coals

Corsa Coal Corp., which operates in southwestern Pennsylvania, said last week that it would resume trading the company's common shares after trading was halted pending confirmation of a previously announced deal between Corsa and Russia's Severstal.

Lawmakers press LCB to examine interpretation of state law on catering permits

Several Pennsylvania lawmakers urged the state's Liquor Control Board (LCB) last week to put an end to a practice that allows beer gardens in the state to run for extended periods of time.

Moody's downgrades Pennsylvania's debt over pension crisis, modest growth

Moody's Investors Service downgraded the state of Pennsylvania's debt on Monday, marking the third consecutive year a new budget has prompted a credit cut.

Washington County Airport to receive $686,000 grant for runway improvements

Washington County Airport is set to receive a $686,000 grant from the state of Pennsylvania to fund continuing upgrades and improvements.

Gratz Bank to acquire First National Bank of Minersville

Gratz Bank in Pennsylvania's Dauphin County is set to acquire The First National Bank of Minersville in a deal expected to close by the end of the first quarter of 2015.

Pennsylvania lawmakers press liquor board on catering permits for alcohol service

Lawmakers from Pennsylvania recently sent a letter to the state's Liquor Control Board expressing concern regarding the interpretation of a law that allows some places, such as beer gardens, to operate continuously.

Unemployment in Pennsylvania holds steady at 5.6 percent in June

New jobs data released by the Pennsylvania Department of Labor & Industry last week showed unemployment held steady during the month of June at 5.6 percent.

CMU signs $10 million research, education agreement with University of Warwick

Carnegie Mellon University (CMU) recently announced a partnership with the U.K.'s University of Warwick to establish a $10 million research and education collaborative program.

Unisys wins bid to consolidate Pennsylvania's data centers into cloud-based system

Unisys Corp. was recently chosen by the state of Pennsylvania to host and operate what is expected to be the largest cloud-based, on-demand IT computing systems ever implemented by a state government.

Ride-sharing companies continue operations against PUC orders

Ride-sharing companies Uber and Lyft have ignored cease-and-desist orders recently issued by two judges of the Pennsylvania Public Utility Commission (PUC) as the commission considers petitions by the company for experimental licenses to operate in the state.

Metro Business Network