Business

Philadelphia

A sustainability-focused VC founder just took over Penn’s board of trustees

Five things to know about Ramanan Raghavendran, a University of Pennsylvania alumnus who cofounded investment firm Amasia.

News & Politics

Casey, Fetterman skeptical of $14.9B sale of U.S. Steel

Fetterman vowed to use his position and platform to block the sale.

Business

Pennsylvania stands alone on clarifying BEAD plan

States will have to adhere to existing law to meet the $42.5 billion broadband program requirements

Business

PA officials react to feds easing capital requirement for broadband funding

The rule, which required internet companies to put down millions of dollars upfront, would have excluded all but the biggest providers

Economic Development

Opinion: Invent Penn State should get the funding it needs to reinvigorate innovation in the state

Harrisburg needs to recognize the importance of the university’s LaunchBox and Innovation Network – and invest in it.

Education

Report: Student loan repayments will likely crimp tax revenue

States and cities will likely get less in sales tax revenue. Because borrowers will have less discretionary income, states and cities will likely see less tax revenue, a recent Pew report says.

News & Politics

Inconvenience fee: Rutter’s will pay PA $1 million, bolster security measures after data breach

The chain – a competitor of Wawa and Sheetz – first notified consumers of the data breach in February 2020.

Economic Development

Do opportunity zones work? Erie is beginning to find out

The jury is still out, but recent research has provided new insights into the tax incentive meant to lure investment to distressed areas

Business

Grub Hubs: Where PA politicos drink and dine

Wanna hang out with legislators after they gavel out? Check out these favorite watering holes.

Philadelphia

Philly officials introduce Rental Improvement Fund for small landlords to repair properties

The program provides forgivable and 0%-interest loans to small landlords in exchange for rent stability

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Business

Steel city startups are set to send new tech to the moon

Local and state officials want to play a key part in the future of America’s space exploration

Budget

State budget passes after Senate return and Shapiro signature

The budget was signed into law more than a month after the June 30 deadline

Economic Development

Opinion: Investing in clean energy will benefit communities and the climate

Pennsylvania is set to benefit environmentally from two major bills approved by Congress.

Economic Development

Shapiro announces $400M workforce training program

The initiative will dole out grants to companies that commit to training new employees.

Capitol Beat

Five for Friday: Legislators’ fall focus

What issues Harrisburg lawmakers left on the table for the fall

Business

Fetterman introduces bill to allow striking workers to collect SNAP benefits

The bill comes amid ongoing strikes from the locomotive industry to entertainment

Economic Development

It’s time to blow up the minority contract status quo

The shortcomings of the current models spotlight the need for a new approach.