Pennsylvania Business Report

1 week ago | pennbizreport.com | Liz Carey

Pittsburgh-based Magna5, a national managed IT, cybersecurity and cloud-based services provider, announced it had acquired Shock I.T. Support. Shock IT, based in Bristol, Pennsylvania, provides managed IT, cyber security and network and wireless design and installation services to Eastern Pennsylvania and New Jersey. Magna5 said the acquisition would allow it to expand its footprint in a key regional area as well as add a business segment focused on network and wireless infrastructure.

1 week ago | pennbizreport.com | Liz Carey

Hitachi Energy announced it will invest more than $70 million in Westmoreland County and create around 100 new jobs to help address the growing demand for sustainable electrical grid infrastructure. The investment from the Switzerland-based company is part of a $155 million expansion in North America that solidifies Westmoreland County as a strategic hub for high-voltage manufacturing and service.

2 weeks ago | pennbizreport.com | Liz Carey

Three companies – Liberty Energy, Imperial Land Corporation and Range Resources – Appalachia – said they have formed an alliance to support development of a state-of-the-art power generation facility in Washington County.

3 weeks ago | pennbizreport.com | Liz Carey

Pennsylvania Department of Community and Economic Development Secretary Rick Siger announced his department had approved Pennsylvania Industrial Development Authority (PIDA) grants in three counties. So far this year, the state has approved $9.9 million in low interest loans that have resulted in 56 full-time jobs and $20.7 million in private investment. Tuesday’s announcement of $3.3 million in low interest loans will create at least 8 new full-time jobs and retain 41 positions, the DCED said.

3 weeks ago | pennbizreport.com | Dave Kovaleski

Core Natural Resources, a leading producer of coal, completed the refinancing of tax-exempt bonds previously issued by CONSOL Energy and Arch Resources – the two companies that merged to form Core Natural Resources in January 2025. As part of this refinancing effort, Canonsburg-based Core increased the total bond amount from $276 million to $307 million. It also established a 10-year initial term for the now unsecured bonds, which mature in March 2035.