Biz Buzz

DevelopErie ‘checking its ego at the door’

   January 23, 2015 5:10 pm

The leadership of DevelopErie joined in the applause at their annual dinner Thursday night to offer best wishes to John Elliott, the group’s former executive, who stepped down in October. Individually, members of the group’s leadership team offered kind words for Elliott and his vision for development in Erie County. But as they addressed a…

Erie’s economic performance tumbles, according to study

   January 14, 2015 12:30 pm

Erie’s economic performance ranks a disappointing 181st among 200 of the nation’s largest cities. That’s according to the most recent edition of an annual study by the Milken Institute, which describes itself as an independent, nonpartisan economic think tank. That ranking represents a long fall — the second largest of any city on the list…

Small business owners compete for free rent

   January 12, 2015 11:23 am

The winner of a year’s free rent in Erie’s tallest office building will be announced Wednesday morning on the second floor of the Renaissance Centre, located at 1001 State St. Tom Kennedy, the building’s owner, announced the contest in early December. Since then, representatives of more than 20 small companies have toured the facility and…

U.S. market soars to record levels

   December 23, 2014 3:52 pm

The stock market made history today. The Dow Jones industrial average climbed above 18,000 for the first time ever and has been trading above that mark all day. It was the fifth straight day that U.S. stocks rose. The market was boosted today by news that the nation’s gross domestic product grew in the third…

Erie Insurance estimates cost of insuring ‘Downton Abbey’

   December 22, 2014 2:46 pm

Fans of the PBS hit “Downton Abbey” are likely looking forward to the return of the British period drama on Jan. 4. But experts at Erie-based Erie Insurance have apparently been looking at the series from a different perspective — pondering just what it would cost to insure that massive estate that’s home of the…

GE not responsible for Alstom’s $772 million bribery fine

   December 22, 2014 1:56 pm

The General Electric Co., parent company of GE Transportation, which employs more than 4,000 people in Erie County, will take on most of the assets and liabilities of Alstom SA when a $15 billion deal to buy the French company’s power division closes sometime in 2015. What GE won’t take on is the company’s $772…

State’s jobless rate drops, now at 6-year low

   December 19, 2014 2:10 pm

Pennsylvania’s seasonally adjusted unemployment rate declined by three-tenths of a percentage point in November to 5.1 percent, the commonwealth’s lowest rate in more than six years. The rate was seven-tenths of a percentage point below the U.S. rate of 5.8 percent. The commonwealth’s rate was down by 1.8 percentage points from last November while the…

GE Transportation contributes $40,000 to local groups

   December 17, 2014 4:16 pm

Representatives of four Erie-based nonprofit groups invited to a gathering last week at GE Transportation each walked away with a $10,000 donation. Erie County’s largest employer announced the following gifts: – The company agreed to match up to $10,000 donations made during the Dialing for Disaster telethon to support the local chapter of the American…

GE Transportation finds marine market for locomotive engines

   December 5, 2014 3:29 pm

GE Transportation isn’t required to begin selling new Tier 4 locomotives, the lowest emission locomotives ever built, until Jan. 1. But five of the same engines that will power those locomotives have been delivered to a customer for use in a marine application. Cummins, which operates an engine plant of its own in Jamestown, N.Y.,…

Erie offers opportunities to ‘shop local’

   November 28, 2014 4:19 pm

Eager to spend some of your holiday shopping dollars with locally owned businesses? Here are a couple opportunities to consider: Check out the Made in Erie Marketplace, which is billed as an alternative to Black Friday shopping at chain stores. The second annual installment of the event will be held from 5 to 8 p.m….

RSS GoErie.com Business Headlines

Find Posts by Date

Find Posts by Category