Latest news with #ERIE
Yahoo
a day ago
- Business
- Yahoo
New Carnegie Classification recognizes Behrend as a ‘Higher Earnings' college
ERIE — Penn State Behrend has received a new Carnegie Classification as a 'Higher Earnings' institution — a reflection of the return on investment for Behrend graduates. Just 10 percent of all U.S. colleges and universities received the 2025 designation, which measures graduates' earnings eight years after they enroll at a college. The designation, part of a new Student Access and Earnings Classification, is awarded by the American Council on Education and the Carnegie Foundation for the Advancement of Teaching; it also assessed student access at the institutions that were evaluated. 'This new designation reinforces what we consistently hear from our graduates, who find success and competitive compensation in their chosen careers,' Chancellor Ralph Ford said. 'That measure is important not only to our graduates, but to prospective students who are just beginning their college experience and want to be strategic with that investment.' In February, Penn State Behrend and Penn State Harrisburg received the Carnegie Classification for 'Research Colleges and Universities,' a new designation for high-achieving research institutions that do not award Ph.D. degrees. To qualify, a college must produce at least $2.5 million in annual research and development spending. At Behrend, the research enterprise now generates nearly $10 million in sponsored research every year. Highlights from the last year include: • $6.5 million from the commonwealth's Redevelopment Assistance Capital Program to begin construction of the Center for Manufacturing Competitiveness, an industry-facing research facility that will feature specialized plastics, metal-casting and manufacturing labs. • $4.4 million from the Department of Defense and the Institute for Advanced Composites Manufacturing Innovation to develop metals-based manufacturing programs. • $2.5 million in federal funding for a battery-testing rig that will be used to study thermal runaway — a chain-reaction that can occur when lithium-ion batteries overheat. 'Research opportunities are a pillar of Penn State Behrend's 'Open Lab' approach to learning,' Ford said. 'For students — especially undergraduates — a research experience can be a differentiator. In the lab or in the field, students more fully understand the nature of their work, and they see firsthand how they can make a difference.'
Yahoo
7 days ago
- Business
- Yahoo
Erie Insurance moves up on Fortune 500's list of America's largest corporations
(WJET/WFXP) — One local company is climbing the ladder on a nationwide list. On Tuesday, June 3, Erie Insurance (ERIE) announced that it ranked 323 on the 2025 Fortune 500 list, moving up over 20 spots from the previous year. North East Marina business owners raise concerns over marina closure Companies are ranked on their total revenues for the fiscal year, with the threshold for making the list being $7.4 billion. President and CEO of ERIE, Tim NeCastro, was thrilled to share this accomplishment. Erie Co. owes over $500,000 after ECGRA audit comes back clean 'It's an honor to be ranked on the Fortune 500 and exciting to be climbing this list of successful and well-respected companies,' said NeCastro. 'When our founders opened the doors of Erie Insurance 100 years ago, I'm not sure they could have imagined that one day their company would be among the largest in the country. I am sure, however, that they would be proud of ERIE's lasting success and unwavering dedication to service.' ERIE originally made its way onto the list in 2003. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-05-2025
- Business
- Yahoo
Erie Insurance announces new $100 million charitable foundation
(WJET/WFXP) – A long-standing insurance agency is celebrating its longevity by giving back to the Erie community. On Thursday, May 1, Erie Insurance (ERIE) announced the inception of the Erie Insurance Foundation, which aims to create new grants and contribute to charities within the area. Historic Customs house, AKA the Erie Art Museum, begins preservation project The foundation was created as part of Erie Insurance's several 100th anniversary events, including 100 days of service, 100 days of giving and the ringing of the NASDAQ Opening Bell. Erie Indemnity Company, the management company of Erie Insurance, donated $100 million as an initial investment in hopes that it will grow in the years to come. Second Harvest Food Bank hosts 34th annual Break Box Awards Christy Blashock, ERIE's chief diversity and community development officer, said that this new foundation will be a way to give back to the community after a century of business. 'At Erie Insurance, service has been central to our success for 100 years,' said Blashock. 'We understand and embrace our great responsibility to help grow and develop communities where our own ERIE Family lives and works. A century later, these ideals remain at the heart of who we are at ERIE. This substantial seed gift, and the foundation itself, will provide support for charitable organizations well into the future.' To learn more about Erie Insurance, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-03-2025
- Climate
- Yahoo
Your Weather Authority: Cold for St. Patrick's Day, before warming up again by mid-week
ERIE, PA – Happy St. Patrick's Day! Today is much colder with a northwesterly in the wake of a sharp, well-defined cold front that moved through on Sunday. Record-warm air surged north in advance of the cold front on Sunday. The cold front packed quite a punch, with strong wind gusts on Sunday before the cold front moved through. Any light isolated showers or flurries end, with a cloudy sky through the 1st half of Monday. The sunshine will break through as the sky clears in the afternoon, but it will be a cooler day, with temperatures remaining in the 30s much of the day. Big improvements arrive on Tuesday and Wednesday. Expect more sunshine, with warmer air! The temperatures will be in the 60s on Tuesday and 70s on Wednesday. Spring officially arrives on Thursday, but another cold front will be moving through. Expect a few rain showers, gusty winds, and falling temperatures throughout the day. In fact, much colder air by Thursday night, with a few snow showers possible. Temperatures will turn cooler again by Friday, with more of a seasonable chill heading into the weekend. Enjoy the 60s and 70s mid-week, as it may be some time before temperatures return to those levels. Stay tuned to Your Weather Authority. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
