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    Good News About PIDA!

    Listed below are the updated interest rate options for the PIDA loan program. These rates are in effect for loan applications received through September 30, 2019.

    For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:

    For term loans with a regular amortization;
    1.    Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 3.00% for the life of the loan.
    2.    Fixed interest rate for a seven (7) year period set at the 10-year treasury yield. After seven years, the rate will reset to the then-current 10-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current 10-year treasury yield, the rate for the initial (7) year period is 2.00%.

    For 10-year term loans with a 20-year amortization period;
    1.    Fixed interest rate for the full term of the loan (10-yr. period). This option is calculated using the 10-year treasury yield +100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 3.00% for the life of the loan.
    2.    Fixed interest rate for a five (5) year period set at the 10-year treasury yield. After five years, the rate will reset to the then-current 10-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current 10-year treasury yield, the rate for the initial (5) year period is 2.00%.

    For Equipment loans – 3.00% fixed rate for the full term of the loan.

    For Working capital and accounts receivable lines of credit – 3.00% fixed rate for 12 month period.

    For Pollution prevention and energy efficiency loans – 2.00% fixed rate for the full term of the loan.

    For complete details, call Angela Campisano at 724-465-3873

  • Tue, 23 Jul 2019 09:55:00 -0400

    Directors approve improvement plan, hire educators

    MARION CENTER — The Marion Center school board approved a Targeted School Improvement Plan for 2019-20 at its meeting Monday night and hired two elementary education teachers.
  • Tue, 23 Jul 2019 09:35:00 -0400

    Child screenings set

    Lifesteps will conduct child check screenings on the Family Care Mobile Resource Center on Thursday from 1 to 2:30 p.m. at the Indiana County Program Center, 1455 Church St. in Indiana.
  • Mon, 22 Jul 2019 09:59:00 -0400

    Police to hold security training exercise at Homer-Center high school

    The Homer-Center School District will host a school safety and security training exercise, led by the Pennsylvania State Police Special Emergency Response Team, at the junior/senior high school Tuesday.
  • Mon, 22 Jul 2019 09:35:00 -0400

    Local agencies to hold public meetings

    Meetings of municipal governments, school boards and county governmental bodies scheduled this week are at the following times and locations:
  • Sun, 21 Jul 2019 00:54:00 -0400

    Girl Scouts reveal 42 new badges

    Girl Scouts Western Pennsylvania and Girl Scouts of the USA have revealed 42 new badges exclusively for girls in grades kindergarten through 12 that allow them to make their own choices about how they want to experience and influence the…
  • Sun, 21 Jul 2019 00:54:00 -0400

    Local author pens new book

    Local writer Janice Dembosky, author of “The Bond Woman” trilogy, is at it again, spinning narratives that hold the reader spellbound, even readers who’ve never read an Amish book before. With the publication of her fourth book, “The Book of…
  • Sun, 21 Jul 2019 00:54:00 -0400

    It's Happening Here ...

    This information is provided by the Indiana County Tourist Bureau. Times and dates are subject to change. All events are held in Indiana, unless otherwise noted.
  • Sun, 21 Jul 2019 00:54:00 -0400

    Strollo's celebrating 100 years in business

    NORTHERN CAMBRIA — Strollo’s True Value Home Center has been part of a family-owned business for 100 years in Cambria County.
  • Sun, 21 Jul 2019 00:54:00 -0400

    30th edition of Shannock Valley festival opens Thursday

    RURAL VALLEY — The 30th Shannock Valley Community Festival is set to kick off for three days full of food, fun and entertainment. The theme for this year’s festival focuses on celebrating three decades of bringing the community together.
  • Sun, 21 Jul 2019 00:49:00 -0400

    S&T appoints Adkins to board

    S&T Bancorp Inc. has welcomed Lewis W. Adkins Jr. as the newest member of the S&T board of directors.
  • Tue, 23 Jul 2019 14:19:19 +0000

    $50,000 Ben Franklin BIG IDEA Contest

    There’s up to $50,000 on the line!  You don’t need to be an inventor, scientist, or historic statesmen like Ben Franklin in order to win this year’s BIG IDEA contest. Ben Franklin Technology Partners is looking for tech entrepreneurs, developers, or small manufacturers who are creating innovative new products, processes, or software applications.  It’s easy to qualify and even easier to […]
  • Tue, 23 Jul 2019 14:12:23 +0000

    Central Pennsylvania Convention & Visitors Bureau (CPCVB) announces addition to sales force

    STATE COLLEGE, Pa, July 22, 2019 – With the goal of improving Centre County’s presence in one of its top feeder markets, the Central Pennsylvania Convention & Visitors Bureau (CPCVB) announced the hiring of Jenny McConnell as Regional Sales Manager. McConnell will rely on her past destination marketing and sales experience at Explore York and Destination Gettysburg to concentrate CPCVB […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    Is nuclear energy central Pennsylvania’s saving grace?

    Pennsylvania’s nuclear energy future is in a state of flux. With the Three Mile Island Nuclear plant closing this fall and concerns the Beaver Valley nuclear plant in western Pennsylvania is next, indus­try trade groups and local politicians are calling for an intervention. They view nuclear power as an im­portant part of the state’s future energy portfolio alongside natural gas, […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    The “Shale Survivors”

    The “Oil Bust of 2014” took a heavy toll on the gas industry — 69 oil and gas pro­ducers with $34.3 billion in cumulative secured and unsecured debt went under. After share prices peaked in 2014, the oil bust wiped out about $1 trillion in equity, causing the Dow Jones U.S. Oil & Gas Index to fall by 40%. The […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    Who’s Who in Marcellus

    Christine Toretti may not be replacing Gal Gadot in the next Wonder Woman movie, but she has all the characteris­tics needed to fill the iconic role: fear­lessness, strength, perseverance, confi­dence, power and compassion. In 1990, after her father commit­ted suicide, Toretti succeeded him as chairperson and CEO of S.W. Jack Drilling Company, the largest privately held, land- based oil and […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    The Future of Automobiles: It’s Electrifying!

    Maybe you’ve seen the “JetStones” TV commercial that uses the Flintstone’s and the Jetsons’ theme songs to con­trast two drivers stopped at a traffic light — one in a dull “prehistoric” gaso­line compact and the other in a shiny new Chevy Bolt EV. The narrator says, “With instant acceleration, electric cars are more fun to drive and more afford­able than […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    The New Penn State Solar Energy Project

    Last summer, the Penn State University Office of Physical Plant began site work on a 2-megawatt advanced utility-scale solar photovoltaic system near the Uni­versity Park campus. Once completed, the solar array will provide 2,500 meg­awatt hours of clean, reliable and afford­able solar-generated energy amounting to 1% of the campus’ electricity needs. But the concept for the Penn State Or­chard Road […]
  • Fri, 19 Jul 2019 13:00:00 +0000

    Solar power brings new opportunities to central Pennsylvania

    Pennsylvania was home to the first U.S. commercial oil well, and thanks to the state’s abundance of natural resources like coal, oil and natural gas, energy and electricity have stimulated economic ac­tivity and created jobs across the state for generations. However, fossil fuels are not the only energy commodities found in the Commonwealth. Wind and Solar on the Rise Solar […]
  • Fri, 19 Jul 2019 13:00:00 +0000


  • Fri, 19 Jul 2019 13:00:00 +0000

    Gas prices drive summer travel

    The season of global travel, beach vacations and road trips is here, and central Pennsylvania residents in the Marcellus Shale region are checking gasoline prices, traffic conditions and weather forecasts before hitting the road. “Everyone is taking advantage of relatively lower gas prices, taking advantage of the nice economy and extra spending money in their pocket, and kicking the sum­mer […]
  • Tue, 23 Jul 2019 19:14:20 +0000

    Reports: New construction resulting in growing office vacancy downtown

    SAP's move to the North Shore leaves void in the central business district.
  • Tue, 23 Jul 2019 18:07:46 +0000

    AHN Forbes Hospital completes $17M expansion

    Allegheny Health Network's Forbes Hospital announced Tuesday that it had completed a 55,000-square-foot, $17 million expansion. The new section, called the Perioperative Center, will expand the hospital's capacity and improve the experience of patients undergoing surgical, gastrointestinal and cardiac procedures at the Monroeville campus. The Perioperative Center features a renovated waiting room with real-time patient updates, a state-of-the-art electrophysiology lab for advanced cardiac procedures,…
  • Tue, 23 Jul 2019 17:38:22 +0000

    Citizens closing this Pittsburgh-area branch

    One of the biggest retail banks in the Pittsburgh metro is cutting a branch in Armstrong County. Citizens Financial Group Inc. said its Citizens Bank branch at Franklin Village Mall in Kittanning will close on Oct. 23 as part of its ongoing optimization efforts. “Customers will continue to be served through neighboring branches and ATMs, including our Kittanning branch, about a mile and a half away, at 250 Market Street and our online and mobile banking platforms,” Megan Griffin, a Citizens…
  • Tue, 23 Jul 2019 17:36:39 +0000

    URA seeking developers to revitalize Hill District sites

    The Urban Redevelopment Authority of Pittsburgh is turning to the private development market to attempt to launch a wholesale revitalization of a broad commercial swath of the Hill District.
  • Tue, 23 Jul 2019 16:00:25 +0000

    CMU creates center to fight disinformation online

    Carnegie Mellon announced Monday that it had created a new research center to study online disinformation, funded by a $5 million investment from the John S. and James L. Knight Foundation. The Center for Informed Democracy and Social Cybersecurity (IDeaS) will study how disinformation is spread online and how to counter its effects. Kathleen M. Carley, a professor in the School of Computer Science's Institute for Software Research, will direct the new center. The center will work with researchers…
  • Tue, 23 Jul 2019 14:49:29 +0000

    At least two natural gas producers cutting back in Appalachia

    Comes amid drops for natural gas companies on the stock exchanges.
  • Tue, 23 Jul 2019 14:37:09 +0000

    F.N.B. to open branches in these new markets

    'We're not looking to do acquisitions. We're going to ... build our own customer base,' CEO says.
  • Tue, 23 Jul 2019 12:18:33 +0000

    ATI completes sale of cast products business

    Allegheny Technologies Inc. announced Monday that it had completed the sale of its cast products business unit to Cleveland-based Consolidated Precision Products Corp. In a release, ATI said they sold the division so the company could better focus on materials science and advance process technologies, which they said offered better prospects for growth and profitability. CPP, on the other hand, said the acquisition would improve the company's aerospace and defense-related portfolio. The news release…
  • Tue, 23 Jul 2019 12:18:12 +0000

    Pittsburgh International Airport gets new concessions executive

    Fraport USA, the company that runs the concessions program at Pittsburgh International Airport, has promoted an executive, according to a release. Amy Miktus is now the vice president of operations for Fraport's Pittsburgh program. She will oversee the leasing, construction, marketing and management of 80,000 square feet of concession space. Miktus joined Fraport Maryland in 2012, and was appointed to director of operations for the concessions program at BWI Marshall Airport in 2017. According…
  • Tue, 23 Jul 2019 12:15:17 +0000

    GNC targets 900 stores for closure

    GNC Holdings Inc. expects to close about 900 stores, Kenneth Martindale, GNC chairman and CEO, said during the Pittsburgh-based retailer’s second-quarter earnings call with financial analysts on Monday. “As a result of the current mall traffic trends, it’s likely that we will end up closer to the top end of our original optimization estimate of 700 to 900 store closures,” Martindale said. About 28 percent of GNC’s (NYSE:GNC) existing store base is in malls, while 61 percent are located…
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