Ben Franklin Technology Partners of Northeastern Pennsylvania (BTFP/NEP) said it is taking $1 million it received from the Pennsylvania Department of Community and Economic Development for COVID-19 relief efforts and putting it towards $1.4 million in emergency investments it is making in 18 regional startups.
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Demand for affordable housing is strong, so where are the new housing projects?
Construction of market-rate apartments is surging across the nation in both urban and suburban areas, while construction of units for low to moderate-income renters has declined dramatically.
Read More »Pottstown keg maker earns multimillion-dollar investment
Pottstown keg maker American Keg LLC said Blefa Kegs Inc. of Tennessee made a multimillion investment in the Pottstown manufacturer that would allow it to accelerate its growth and employment.
Read More »$15M mixed-use development in Easton earns approval
A developer is looking to build The Commodore, a project that involves constructing an eight-story building in downtown Easton with a rooftop restaurant, several floors of upscale apartments and office/retail space on the lower levels.
Read More »International business development reps tour Lehigh Valley
Hoping to lure international investment to the region, LVEDC collaborated with the Pennsylvania Department of Community & Economic Development to host a tour for 13 international representatives from 11 different nations.
Read More »Shareholders approve $66B BB&T-SunTrust merger; $1,500 bonuses for employees
BB&T Corp. shareholders approve a merger of BB&T and Georgia-based SunTrust Banks Inc. valued at $66 billion, putting both companies a step closer to officially becoming Truist Financial Corp., the new name of the combined company. Additionally, about 40,000 employees at both companies will each receive $1,500 bonuses.
Read More »Group of student housing properties sells for $21.3M
A New York City-based family office bought a group of student housing properties near Lehigh University in South Bethlehem for $21.3 million.
Read More »Biotechnology center launches $50M investment fund
The Doylestown-based Pennsylvania Biotechnology Center has launched a new funding arm to help its incubator clients and early-stage biosciences companies.
Read More »CBD oil is hot. But will it burn out?
Cannabidiol Oil – or CBD oil as it is commonly called – is hot right now. People are buying it, selling it and investing in it.
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