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SBA loan fuels growth of Adams lab
When Fred Richstien II sought financing last fall to expand his business in Adams County, he heard about a federal loan program that might help him achieve his vision.. By summer, he had a financing package totaling $845,000 in hand for his company, Laboratory, Analytical & Biological Services, or LABS, of New Oxford, part of which included a Small Business Administration 504 loan facilitated [...]
Proactive workplace policies needed to address gender preferences
In a sign of the times, many employers are enacting workplace policies to address gender issues and show respect to people who may want to be called by names and pronouns that reflect their gender identities rather than their biological characteristics at birth.
Boyer & Ritter employees elected as principal owners
Two employees of Boyer & Ritter LLC have been elected principal owners of the East Pennsboro Township-based accounting firm.
Rite Aid announces new CEO
Rite Aid Corp. announced Monday morning that a new leader has been found to run the embattled company, taking over management immediately. Heyward Donigan, a longtime executive in the health care industry, will serve as Rite Aid’s CEO and join the board of directors.
Millennials delaying, not abandoning, home buying
Student-loan debt continues to be a major obstacle along the path to home ownership across the nation, particularly for millennials. But it’s not the only one.
Pennian Bank to open branch in Lemoyne
Juniata County-based Pennian Bank will make its way to the Harrisburg region with the opening of a new branch later this month in Lemoyne.
Help for the economy? Despite grumbling, Trump has had plenty
President Trump has complained that the Federal Reserve has been hurting the economy, first by raising interest rates and then by not lowering them fast enough. “No help from Fed!” he said on Twitter last week, in what has become a typical broadside.
Malaysia files criminal charges against Goldman execs in 1MDB scandal
Malaysia expanded efforts to prosecute Goldman Sachs Group Inc.employees it alleges were involved in the 1MDB fraud, filing criminal chargesagainst more than a dozen current and former senior executives based around the world.
State approves deals to protect businesses from workers’ comp errors
The Pennsylvania Insurance Commissioner and the Labor & Industry Secretary said they have implemented agreements with two insurers and a state agency to protect Pennsylvania businesses from any errors in the filing of loss costs, a factor in setting workers’ compensation insurance premiums for employers.
Central Pa. projects receive millions in state grants
More than two dozen projects in Central Pennsylvania were awarded millions of dollars in matching grants from the Redevelopment Assistance Capital Program (RACP), supporting both public and private construction and renovation projects across the state. The local grants are part of a broader package of grant awards $275 million for 214 projects statewide.
River Wealth Advisors opens new office in Allentown
Susquehanna Township-based wealth management firm River Wealth Advisors has now opened a new office at 842 W. Hamilton Street in Allentown. It will be run by Judy Savchak, who serves as senior vice president and Lehigh Valley market leader, and Debbie Hippensteel, the investment portfolio manager.
Shareholders approve $66B BB&T-SunTrust merger; $1,500 bonuses for employees
North Carolina-based BB&T Corp. said its shareholders approved a merger of BB&T and Georgia-based SunTrust Banks Inc. valued at $66 billion and adopted Truist Financial Corp. as the new name of the combined company. Additionally, about 40,000 employees at both companies will each receive $1,500 bonuses.
