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    IUP ANNOUNCES IMAGINE UNLIMITED CAMPAIGN; MAJOR COMMITMENTS ANNOUNCED AT CELEBRATION

    4/16/2018
    Called Imagine Unlimited, the campaign originally was expected to reach $40 million, but according to campaign cochair William Madia, an IUP alumnus from Montara, Calif., the generosity of alumni and friends has exceeded expectations.
    “It is apparent that our alumni and friends are very committed to IUP, and with enthusiasm, we expect to reach $75 million in the course of the next three years,” Madia said.

    During the evening, IUP President Michael Driscoll turned the podium over to Tim and Deb Cejka of Latrobe, who announced they would commit an additional $2 million to the $5 million they already have given. Their most recent gift completes the match required by the Commonwealth of Pennsylvania Department of General Services to begin construction of a new facility for science and mathematics.
    “We are so impressed with all the work we’ve seen at IUP in the last several years,” Tim Cejka said. “We believe in the university’s vision. We believe in the vision of [IUP’s] College of Natural Sciences and Mathematics. We have confidence in the dean and the faculty.”  “For those reasons we are pleased to ensure the new science facility is everything our students need it to be to become the next leaders in science, industry, health care, and education,” Deb Cejka added.

    Driscoll then turned the program over to John and Char Kopchick, IUP alumni from Athens, Ohio, who announced that they would contribute $23 million toward science and mathematics initiatives--the largest single gift in the university’s history.  “We hope this university, where first-generation college students find eye-opening experiences--where we received our start--continues to flourish and reaches new heights,” John Kopchick said.

    “The extraordinary commitments made this evening and those we’ve received toward the campaign before tonight’s announcements are an overwhelming testimony of how IUP alumni truly believe in what we do here,” Driscoll said. “I see no limits to what IUP can accomplish as we prepare the next generation of leaders and as we make a positive and transformative impact on our region.”

    The Imagine Unlimited Campaign will fund student-centered initiatives at the university. In addition to the new science building, the campaign will benefit a wide range of scholarships, an executive-in-residence program for IUP’s Eberly College of Business and Information Technology, programmatic support for the Center for Multicultural Student Leadership and Engagement, support for health care simulation programs and facilities, and more, Driscoll said.

    With the evening’s announcement of new gifts, the campaign is currently at $53 million.

    Other notable gifts to the Imagine Unlimited campaign have come from Madia and his wife, Audrey, also an IUP alumna, who committed $1 million to science and mathematics initiatives; William and Judy Scheeren of Greensburg, who committed $1.4 million to initiatives in the College of Education and Communications; and Terry Serafini of Pittsburgh, who gave $1 million in support of initiatives in mathematics, business, and a campus beautification project.

    John and Char Kopchick were raised in Indiana and Sagamore, Armstrong County, respectively. Both are associated with Ohio University. John Kopchick is a professor of molecular biology and the Goll-Ohio Eminent Scholar. He is a co-inventor of the drug Somavert, which combats acromegaly, a growth hormone disorder. Char Kopchick serves as assistant dean of students.

    Tim and Deb Cejka, both alumni, split their time between Latrobe and Houston. Tim Cejka is the retired CEO of ExxonMobil Exploration Company and vice president of ExxonMobil. The Cejkas cochair the Natural Sciences and Mathematics component of the campaign.

    Bill and Audrey Madia serve as the Imagine Unlimited Campaign’s cochairs. Bill Madia’s scientific career has included executive positions with Oak Ridge National Laboratory and Battelle. He currently serves as vice president and chairman of the Board of Overseers for the SLAC National Accelerator Laboratory at Stanford University. Audrey Madia is an accomplished interior designer.

  • Fri, 25 May 2018 00:47:50 +0000

    Regional Experts Offer Top Tips for Planning a Long Retirement

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    BY R. BROCK PRONKO
    Regional Business Analyst

    It’s never too early to start thinking about funding your retirement, particularly if you’re an entrepreneur or business owner without a traditional retirement path, such as a pension or a phased retirement program. Social security alone will not provide a comfortable retirement.

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    An Alternative Retirement Plan for Baby Boomers: Start your own business

    BY R. BROCK PRONKO
    Regional Business Analyst

    Americans between ages 55 and 65 are founding businesses at a faster pace than younger generations, according to Kauffman Foundation, a think tank focused on education and entrepreneurship.

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    Cryptocurrency: Fad or the Future of Finance?

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    BY R. BROCK PRONKO
    Regional Business Analyst

    If “mining” a bitcoin is “geek” to you, and the concept of cryptocurrency is, well, a bit cryptic, check out our conversation with John Millar Carroll, distinguished professor of Info Sciences & Tech at Penn State, who helped to demystify Bitcoin and other cryptocurrencies, which are “hot” alternatives to cold hard cash.

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    Pennsylvania’s EITC Program: Investing in Your Community and Your Finances

    BY HOLLY RIDDLE
    Editorial Contributor

    Pennsylvania’s Educational Improvement Tax Credit Program offers entrepreneurs, businesses and individuals the opportunity to direct their tax dollars toward meaningful organizations, while enjoying a return on their investment. To learn more about this intriguing opportunity, Pennsylvania Business Central spoke with Roy E.

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  • Fri, 25 May 2018 00:47:54 +0000

    Riverview Bank expands its footprint in Central Pa. and gains new employees due to M&A activity

    BY R. BROCK PRONKO
    Regional Business Analyst

    Last year, Riverview Bank, a $1.2 billion- asset community bank headquartered in Harrisburg, expanded into Blair, Centre, Clearfield and Huntingdon counties and added another 13 branch offices when it acquired CBT Bank as its newest division.

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  • Fri, 25 May 2018 00:47:54 +0000

    PNC Investments Survey: Millennials’ parents encouraged them to save, not invest

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  • Fri, 25 May 2018 00:47:56 +0000

    Why Allowing Employees to Work Remotely Facilitates Organizational Growth

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    BY JESSE WOOD
    CEO of eFileCabinet

    Technology offers the benefit of allowing your employees to work remotely, either on a regular basis or whenever the need arises. But did you know that working remotely can actually make your employees happier and more productive?

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    FINANCIAL PLANNERS/ADVISORS

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    ARCHITECTURAL FIRMS

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    The Business of Luxury

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    BY CHRIS MORELLI
    Pennsylvania Business Correspondent

    FARMINGTON, Pa. — Nemacolin Woodlands Resort is a world-class property located on 2,000 acres in Fayette County, just 70 miles south of Pittsburgh. The resort is one of Fayette County’s largest employers and continues to grow with each passing season. It has received prestigious honors and awards for being one of the finest in the nation.

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  • Fri, 25 May 2018 17:33:06 +0000

    JazzHR launches GDPR features

    Pittsburgh-based JazzHR announced that it released new features to help companies achieve and maintain compliance with the European Union's General Data Protection Regulation, known as GDPR. Features include: bulk deletion, to delete irrelevant candidates in order to delete their data; customer data deletion if JazzHR accounts are cancelled; application disclaimers for candidates to inform them of the company's data retention policies; and secure job board pages that will be encrypted and default…
  • Fri, 25 May 2018 17:31:58 +0000

    UPMC's recipe for international growth: Where you'll see it grow

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    AHN targeting nurse shortage with new program aimed at returning professionals

    AHN RetuRN to Practice aims to help fill the hospital's pressing need to fill the nursing shortage.
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    What 4 local bank CEOs had to say about new regulations

    Here’s what a quartet of local CEOs had to say about what the new banking regulations — which roll back several Dodd-Frank provisions for smaller community banks — mean for their bank.
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    Here's what new regs mean for Pittsburgh banks

    Biggest post-recession rollback reduces regulatory burden, makes it easier to grant mortgages.
  • Fri, 25 May 2018 15:31:18 +0000

    DCED created new economic development program for HQ2 proposal

    Bids for Amazon's second headquarters from Pennsylvania included the framework and plan for a new state Department of Economic Development program. That information was released in documents related to a Right-To-Know request appeal by the Pittsburgh Post-Gazette of the state DCED's denial for information on incentives. Each of the six Pennsylvania cities that submitted a proposal to Amazon for HQ2 included both local incentives as well as those from the state, including those from the state department,…
  • Fri, 25 May 2018 15:28:42 +0000

    Holiday travelers estimated at highest in more than 10 years

    As the unofficial beginning to summer, Memorial Day travelers will be a part of the largest volume of traffic for the holiday in more than 10 years. More than 41.5 million Americans will travel this weekend, about 5 percent more than last year and the most since at least 2006, according to a news release from AAA. Delays on major roads could be more than three times longer than normal, especially Friday afternoon as nearly 2 million additional people take planes, trains, buses and cars, AAA reports. In…
  • Fri, 25 May 2018 13:42:59 +0000

    Emclaire acquiring Community First in $17M transaction

    Emclaire Financial Corp. on Friday said it has entered into an agreement to acquire Community First Bancorp Inc. in a $17 million cash and stock transaction expected to close in the fourth quarter. Emclaire (Nasdaq: EMCF), based in Emlenton, has 17 offices, six of which are located in the Pittsburgh metro. It is the region’s 31st largest bank as ranked by deposit market share. Community First, based in Reynoldsville, Pa., has four branches in Clarion and Jefferson counties. Under the terms of…
  • Fri, 25 May 2018 12:25:15 +0000

    PNC to close Butler's Main Street branch

    The PNC Bank branch on Main Street in Butler is set to close as the company evaluates its network of branches. All accounts will be transferred to the Clearview Mall PNC branch, a PNC spokeswoman told the Butler Eagle. Customers can continue to use any of PNC's 2,400 branch offices. The branch at 106 S. Main St. will close on Aug. 17. Employees may be placed at other branches, but the number affected was not disclosed. PNC (NYSE: PNC) is the Pittsburgh region's largest bank and was recently ranked…
  • Fri, 25 May 2018 12:12:57 +0000

    Around Town N'at: Events from around Pittsburgh

    This week the Pittsburgh Business Times features events held by American Eagle Outfitters, Robert Morris University, PPG, the EQT Pittsburgh Three Rivers Regatta and the Intel International Science and Engineering Fair 2018. To feature your local event in the Pittsburgh Business Times Around Town N'at online and print feature, send photos with captions, along with a description of when, where and why the event was held, to Richard Cerilli, rcerilli@bizjournals.com. For more information, call 412-208-3815.
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