Business

Business briefs

Philipsburg nonprofit starts fundraising drive

The Philipsburg Revitalization Corp. has launched its 2008 Friends of Main Street Campaign.

The organization, which is operated by the Moshannon Valley Economic Development Partnership, has been working toward a long-term funding strategy that will ensure that the organization will remain in place and active in downtown revitalization.

Membership costs are $25 for an individual, $35 for a family or non-profit organization, and $50 for a business. For more information, contact www.PhilipsburgPA.org. or 342-2260.

Engineering firm opens after merger

ARM Group Inc. recently opened a new State College office at 1631 S. Atherton St., Suite 101 after merging with Bucek and Associates in 2007.

ARM is an earth resources engineering and consulting firm that has approximately 50 employees, with its headquarter in Hershey and an office in Columbia, Md.

For more information on ARM’s services, contact David Yoxtheimer at 272-0455 or dyoxtheimer@armgroup.net.

D&E board announces quarterly dividend

The Board of Directors of D & E Communications Inc. announced a quarterly dividend of 12.5 cents per share of common stock payable on March 15 to shareholders of record on March 3, maintaining the Company’s current dividend.

For more information, visit www.decommunications.com.

S&P affirms bond rating for Geisinger

Standard & Poor’s Ratings Services has affirmed its AA standard long-term and AA/A-1+ dual ratings on the revenue bonds issued by Geisinger Authority for Geisinger Health System.

The affirmation of the positive bond ratings reflects Geisinger’s continuation of positive operating and balance sheet trends and continued improvement in its already strong business position, according to a news release.

Standard & Poor’s upgraded its rating of Geisinger’s bond debt to AA from AA- in January of 2007. Moody’s Investor Services also upgraded Geisinger’s bond rating in 2007.

M&T Bank offers scholarships

For the 10th consecutive year, M&T bank is awarding scholarships of up to $5,000 to qualified, Hispanic undergraduate college students or applicants through the Hispanic College Fund.

To be eligible, students must be pursuing a degree in a business-related field and must have demonstrated a notable level of academic success.

Students can apply at www.hispanicfund.org. Eligibility requirements are available online and at local M&T bank branches. The deadline for application is March 15.

Local company enters agreement with N.C. firm

NanoHorizons Inc., a State College company that produces antimicrobial performance additives, and Piedmont Chemical Industries Inc., a High Point, N.C.-based company that supplies the textile processing industry, have entered into an agreement to provide SmartSilver antimicrobial/moisture management additives for polyester, cotton and nylon.

NanoHorizons’ SmartSilver products will be incorporated into a unique water-based compound that can be applied to fabrics using standard finishing equipment by Piedmont.

The new products, which will be developed jointly, will be marketed by Piedmont. There are also plans for an additive for synthetic fiber extrusion to be jointly developed.

  Comments