National, Pittsburgh Region Companies Rally To Extend Charter Of Export-Import Bank

GE Transportation recently signed a deal to build 100 locomotives in Erie — including engines made in Grove City — and sell them in Angola for $350 million.

GE used financing through the Export-Import Bank, which provides loans, loan guarantees and insurance to U.S. companies selling overseas. The bank, supporters say, helps U.S. companies compete more effectively for foreign business.

“If we hadn’t had that financing, the order would have gone to China,” said Richard Simpson, global head of supply chain for the company, who said Thursday that GE Transportation financed $720 million in sales to three other countries last year.

Such deals are in jeopardy, advocates for the 80-year-old bank say. Its charter expires June 30 and observers say it might not come up for a vote in Congress before then.

Read more: http://triblive.com/business/headlines/8548411-74/bank-companies-export#ixzz3csBLMqRz
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Lancaster County To Get Over $500K In Drilling Impact Fee

Lancaster County will receive a little over half a million dollars as its 2014 share of the so-called drilling Impact Fee, meant to help municipalities offset impacts associated with natural gas drilling.

The Impact Fee, or Act 13, was signed into effect in 2012 by Governor Tom Corbett.  The Pennsylvania Public Utility Commission is responsible for collecting a fee from drillers and  then disbursing it to counties across the state to facilitate improvement programs and various repairs or infrastructure upgrades.

Lancaster county’s 2014 share is $507,694.29  from the state’s total of $223.5 million. The amount is marginally higher than what the county received in 2013. State-wide collection was marginally less than what it got in 2013.

Read more:

http://lancasteronline.com/news/lancaster-county-to-get-over-k-in-drilling-impact-fee/article_58ab90e4-1085-11e5-829b-53ec2990bfa9.html

Hazleton Police Chief: Shooting Death An Execution

A man shot and wounded during an argument amid a group of people at a vacant lot on Alter Street in Hazleton staggered up West Fourth Street in the rain before being shot in the head and killed late Thursday, city police Chief Frank DeAndrea said.

DeAndrea called the killing an execution.

He asks people who saw the incident to call police at 911 if they are in the Hazleton area or 570-459-4940.

Surveillance cameras show the argument occurring in a lot at 590 Alter St., and police circled a trail of bloodstains on the sidewalk and road along Fourth Street to where the victim was found just west of Emerald Court at 10:30 p.m.

Read more: http://standardspeaker.com/news/chief-shooting-death-an-execution-1.1896889

Heat, Air Quality Alerts For Philly Area Friday

Heat and air quality alerts are in effect in the Philadelphia region Friday, as the area swelters on what’s likely to be the hottest day of the year so far.

Forecasters say high temperatures Friday are expected to reach the mid 90s, potentially flirting with the record for the date of 95 degrees and prompting some schools to announce early closings.

A National Weather Service heat advisory, in effect from noon through 8 p.m., says heat index values could reach 100 due to the warm temperatures and high humidity.

The most intense heat is expected between 1 p.m. and 6 p.m.
Read more at http://www.philly.com/philly/news/local/20150613_Heat__air_quality_alerts_for_Philly_area_Friday.html#FVZOYskTSZBOl7FC.99

Where Is Pennsylvania’s Very Own Silicon Valley?

Move over, Silicon Valley: Pennsylvania has a tech hub of its own.
 
Over the past couple of decades, the San Francisco Bay Area has been the tech mecca of the country. It’s the shiny, silicon haven where the nerds are the cool kids and where artisanal coffee is a main food group; where there are more startups than gyms and everyone seems to be living far in the future.
 
But this flood of entrepreneurial hopefuls has brought with it a surge of sky-high housing costs and a lack of space. Those looking to start a company are already using all of their resources to make sure their venture is a success. But how can they take such a risk if they’re paying upwards of $4,000 a month for a two-bedroom apartment?
 
As it turns out, there are other areas of the country—including some in Pennsylvania—where more tech companies and venture capital firms are popping up every year. These dark horses may be poised to become the next silicon superpowers.

To see the top 10 PA tech counties, click the link: http://www.dailylocal.com/general-news/20150611/where-is-pennsylvanias-very-own-silicon-valley