Brian Pedersen, Author at LVB

New use eyed for vacant restaurant supply store

A Dallas-based developer bought a former restaurant supply store in Allentown for $1.5 million and plans to renovate it into an auto body repair and paint shop.

News April 2, 2020

Construction officials push for safe reopening of industry in Pennsylvania

Advocates for the construction industry say Pennsylvania should allow all construction projects to safely continue. Stalled projects exposed to the weather elements could be damaged and create hazardous conditions, they argue.

News March 31, 2020

Business leaders praise $2 trillion CARE Act stimulus package

The largest stimulus package in American history was signed into law last week and while it may take time to feel its effects, businesses are beginning to look at what it could mean for their employees and communities.

News March 31, 2020

Pa. Senators seek support for bill to allow construction to continue

Several senators led by Sen. David J. Arnold Jr., (R-Lebanon) are seeking relief for construction firms throughout the state who have largely shuttered their companies and most projects after Gov. Wolf’s business closure order on March 19.

Cannabis operator closes on $25.5M Franklin Labs acquisition

Harvest Health & Recreation, a Tempe, Arizona–based multi-state cannabis operator, said it closed on the acquisition of Franklin Labs LLC, a subsidiary of CannaPharmacy, for about $25.5 million. The acquisition, payable with $15.5 million in cash and a $10 million promissory note, includes a 46,800-square-foot cultivation and manufacturing/processing facility in Reading.

News March 30, 2020

Local colleges, universities issue partial refunds amid COVID-19 closure

The move to close colleges and universities amid the COVID-19 outbreak has led many students and families to wonder if they would get some type of refund for losing access to housing, dining services and other amenities they already paid for.

News March 27, 2020

COVID-19 creates havoc for construction industry

Gov. Tom Wolf’s order to shutter all non-life-sustaining businesses to control the spread of COVID-19 has effectively halted most construction in Pennsylvania, sending a shockwave through the industry.

News March 27, 2020

Seasoned managers offer their advice on making the remote work transition

For managers delving into this unchartered territory of long-term remote work, there are some best practices and effective techniques to adopt that may be helpful in managing employees who are working outside the office.

News March 27, 2020

Local payment processor seeks to raise $200M for hospitality industry

With restaurants and other hospitality businesses facing some of the earliest and largest financial losses from COVID-19, one local company established an online resource to help raise more than $200 million for them.

News March 26, 2020

Temperature control device manufacturer aids companies researching COVID-19 cure

Julabo USA, a company in Hanover Township, Lehigh County, is among those businesses that’s staying open because it is helping to equip pharmaceutical companies that are working on vaccines, research, and drug therapies to directly combat the COVID-19 pandemic.

News March 25, 2020

COVID-19 ends LVIA’s 30-month growth pattern

The rapidly changing and spreading virus upended nearly 30 consecutive months of positive passenger traffic at Lehigh Valley International Airport and put a financial strain on the airport as it continues operating and providing services.

News March 25, 2020

The $2 trillion stimulus package is ‘a great start,’ says local business leader

With the White House and Senate reaching a deal earlier today to provide a $2 trillion stimulus package to bolster the national economy in the wake of COVID-19, Pennsylvania’s small businesses can benefit if they act now, according to the leader of a local mortgage-lending firm.