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Allegheny College Officially Opens ALIC @ Bessemer, its Branch Campus Created to Build the Regional Manufacturing Workforce

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Governor Josh Shapiro and manufacturing executives joined to recognize this workforce partnership with higher ed, government and regional industry

MEADVILLE, Pa., April 24, 2025 /PRNewswire/ — Today, Allegheny College launched its branch campus ALIC @ Bessemer, a transformative initiative driving workforce development and education in western Pennsylvania. Governor Josh Shapiro, leaders of regional manufacturing companies, Allegheny College President Ron Cole, faculty, staff and students participated in the official ribbon-cutting ceremony to launch and celebrate this collaboration between government, industry and education to foster innovation in the businesses of today and tomorrow, building a more skilled and competitive workforce and shape the future of manufacturing growth.

Allegheny College launched ALIC @ Bessemer to transform workforce education with Governor Shapiro & business leaders

Building upon Allegheny’s rich, 210-year tradition of academic excellence, ALIC @ Bessemer integrates traditional liberal arts education focused on the development of critical thinking, problem-solving, and interdisciplinary learning with practical workforce training for high-demand sectors for adult learners. Located on Bessemer Street in the heart of Meadville, Pennsylvania, Allegheny Lab for Innovation and Creativity (ALIC) @ Bessemer is a branch campus of Allegheny College.

In his remarks from the podium, Allegheny College President Ron Cole, Ph.D. said: “We know that western Pennsylvania has a long, proud tradition of manufacturing. And we also know the challenges that face this region: a changing economy, declining population with an aging workforce, and the urgent need to upskill for industry in the 21st century. We created ALIC @ Bessemer to respond to those challenges with bold action. This isn’t just a branch campus of Allegheny College, it’s a platform for transformation. We are reimagining what higher education can be when it’s rooted in community needs and aligned with regional opportunity.”

ALIC @ Bessemer is a significant win for Crawford County and the Commonwealth of Pennsylvania. As a region with deep industrial roots and a growing need for skilled workers, Crawford County stands to benefit from ALIC’s role in helping to prepare the next generation of workforce-ready professionals. ALIC @ Bessemer will fuel economic development, strengthen the local job market, and attract new business investment. This campus not only expands opportunities for students pursuing workforce-ready education, but it also creates new avenues for collaboration between faculty, staff, and the broader community.

“Across the state, regional businesses can partner with higher education institutions to solve problems and develop new ventures. At the same time, liberal arts institutions can think about their programs and who they are serving to determine which areas of expertise they can offer to their region and new ways to deliver it. It’s building relationships with partners that will forge the ideal path to build stronger connections between higher education and economic development in our Commonwealth,” explains Cole.

Governor Josh Shapiro toured ALIC @ Bessemer with student guides. The features he learned about included:

Technical Training Facility – incumbent workers, recent high school graduates, and underemployed individuals will learn high-tech, advanced manufacturing processes and operations.Incubator and Accelerator – Low-cost office space and technology and equipment is available for individuals – students and community members – to start businesses.Applied Research Laboratories – Allegheny College’s undergraduate students will work alongside industry partners on applied research opportunities. They will deploy the theoretical knowledge gained through their rigorous Allegheny College education to real-world applications defined by our industry partners.Shared Use – ALIC @ Bessemer equipment will be available for our industry partners for rental by blocks of time, alleviating internal capacity issues and allowing them access to high-end machinery that might otherwise be out of reach.

“ALIC at Bessemer will open more doors of opportunity for students, for the Meadville community, and for businesses and industries here in northwestern Pennsylvania,” said Governor Josh Shapiro. “There are many paths to success and prosperity in this Commonwealth. We need to respect each of those paths equally – and invest in all of them. We’re showing that respect in my Administration – by ensuring skills and experience are valued in hiring, increasing investment in apprenticeships and vo-tech by more than 50% over the past two years, and enrolling more than 14,000 new apprentices in fields like welding, manufacturing, agriculture, and transportation. Every Pennsylvanian deserves the freedom to chart their own course and the opportunity to succeed – and I applaud President Cole and Allegheny College for their work to open up more doors of opportunity for Pennsylvanians right here in Meadville.”

Byron Rich, assistant provost of academic innovation at Allegheny College, shared, “ALIC blends the state of the industry with the state of the art emerging technology, evolving processes, and future-forward skill sets.”

The accreditation of Allegheny College ALIC @ Bessemer demonstrates Pennsylvania’s commitment to innovative higher education solutions that support economic growth and workforce resilience. It signals to the manufacturing industry that rural Pennsylvania is dedicated to equipping its workforce with the skills needed to thrive in the global marketplace.

“While 1 in 10 people in our nation work in manufacturing, that number in Crawford County is 1 in 4,” said Cody Passilla, Business & Development Manager, Pennco Tool & Die, a third-generation leader at his family-owned manufacturing business in Meadville, PA. “We plan to work with ALIC in many ways, starting with sending our employees to them for a variety of training, whether that being basic machining training, software training, or even more advanced training on equipment.”

Representatives from local manufacturing companies, including Moon Tool & Die Co., Kuhn Tool & Die Co., and Pennco Tool & Die, participated in the festivities/program. National Tool and Manufacturing Association’s (NTMA) Tami Adams and NTMA National Chair, Bonnie Kuhn of Kuhn Tool and Die Co. were also in attendance.

“I believe that the recent accreditation of ALIC @ Bessemer is a statement about the future of higher education and its role in strengthening the economic future of communities,” Cole concluded.

ABOUT ALIC @ BESSEMER

The Allegheny Lab for Innovation and Creativity (ALIC) is a multidisciplinary resource that empowers students, faculty and staff to explore and apply digital fabrication and design tools through hands-on, cross-disciplinary learning. ALIC @ Bessemer is an extension of this mission, bringing Allegheny College’s innovation-driven approach beyond campus and into the heart of Meadville. Designed to mirror real-world manufacturing environments, ALIC @ Bessemer equips the regional workforce with cutting-edge skills in emerging technologies and business operations. 

ABOUT ALLEGHENY COLLEGE

Allegheny College, founded in 1815, is one of the nation’s most historic and innovative four-year colleges with the distinct requirement of completing a major and minor in different academic areas. This multidisciplinary learning celebrates students’ unusual combinations of interests and provides creative, independent thinkers with a path for educational depth and intellectual growth, preparing them for a successful launch after graduation and possibly for careers that may not yet exist. Located in western Pennsylvania, 1.5 hours equidistant from Pittsburgh, Cleveland and Buffalo, Allegheny College is one of 40 colleges featured in Loren Pope’s “Colleges That Change Lives” and recently ranked #4 by The Princeton Review in its Top 20 Best Private Schools for Making an Impact. In its 2025 rankings, U.S. News & World Report recognized Allegheny College as one of the country’s top 100 national liberal arts colleges, with special distinctions including one of the top 10 best for senior capstone experience and one of the top 25 best for undergraduate research and creative activities.

MEDIA CONTACTS
Ivy Cohen
Ivy Cohen Corporate Communications
(646) 894-0030 or ivy@ivycohen.com

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SOURCE Allegheny College

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SiriusXM Declares Quarterly Cash Dividend

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NEW YORK, July 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
investor.relations@siriusxm.com 

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SOURCE Sirius XM Holdings Inc.

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Shutterstock Announces Capital Allocation Update

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NEW YORK, July 22, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the “Board”) resolved to suspend the Company’s future quarterly cash dividend.

The Board’s determination reflects its ongoing review of the Company’s capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.

The Board will continue to evaluate the Company’s capital allocation priorities as part of its regular governance process. Any future declaration and payment of dividends, and the amount thereof, will remain subject to the discretion of the Board and will depend upon the Company’s results of operations, financial condition, capital requirements, contractual restrictions, applicable law, and such other factors as the Board deems relevant.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may discuss intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “could,” “expects,” “intends,” “may,” “might,” “ongoing,” “plans,” “seeks,” “should,” “will,”  or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The forward-looking statements in this press release relate to, among other things, the Company’s capital allocation strategy, the suspension of the Company’s quarterly cash dividend, the Company’s plans with respect to debt reduction, interest expense management and financial flexibility, and any future declaration and payment of dividends. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the sections captioned “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. While those factors are considered representative, no list of risk factors should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. The Company assumes no obligation to update forward-looking statements, and the Company disclaims any such obligation, except as may be required by law.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

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SOURCE Shutterstock, Inc.

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ICI Welcomes Bipartisan Sponsors of Bill to Stop States from Seizing Long-Term Investors’ Savings

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WASHINGTON, July 22, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog. To learn more about why this issue matters and how the SAFER Act would help protect American investors, watch our video on LinkedIn.

Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then leave those savings alone. In some states, however, following this guidance can get your account seized. That was the warning sounded at an event featuring the sponsors of the bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY), who joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared. 

ICI President and CEO Eric Pan opened the event by outlining the nature of this growing threat. More than 128 million Americans invest in regulated funds, many with the intention of holding them for years, following the advice of many financial educators to “stay in the market, invest for the long term.” They put their money away and go about their lives, confident that the savings will be there when they need it. But under some states’ laws, an account that shows no activity can be declared abandoned and taken into state custody through a process called escheatment.

Pan walked through what seizure means in practice. When a state escheats an investment account, it typically liquidates the holdings — so even an investor who eventually recovers the money gets back only what the account was worth at seizure, with no credit for years of market gains. For retirement accounts, the forced liquidation can also trigger unforeseen tax consequences. And recovering the money at all can take years of paperwork and persistence. Meanwhile, some states are moving in the wrong direction, loosening their rules to make it easier to capture assets. 

“This is where the leadership of Congressmen Lawler and Liccardo is so important,” Pan said. “They’ve introduced the SAFER Act, a federal solution to a problem that exists across the United States. This patchwork of different legal standards, and the fact that the legal standards change constantly, creates a lot of confusion and creates this risk and harm that we’re so worried about.” 

In a panel discussion, the two lawmakers described the issue as an obvious place for Democrats and Republicans to find common ground, given Americans’ widespread use of investment accounts for saving.

“We are, for the most part, a group of Americans who sit on our investments, which is more or less the right strategy,” Liccardo said, noting that this is exactly the approach that inactivity standards put at risk. 

Liccardo pointed to the widely reported case of Walter Schramm, an investor who bought Amazon shares in the late 1990s and then did what many long-term investors do: leave the account be. Delaware deemed the account abandoned and liquidated the shares in 2008, when they worth about $8,000. By the time Schramm discovered what happened years later, the position would have been worth roughly $100,000.

The financial incentives driving state behavior are a concern, Liccardo noted. Unclaimed property has become one of Delaware’s largest sources of revenue, bringing in more than half a billion dollars a year — a powerful reason for states to loosen their standards rather than tighten them. 

Lawler contrasted legitimate unclaimed property programs and what some states are doing now. “It’s one thing to get an asset because it’s truly abandoned,” he said. “It’s another to basically target a group of investors who have a long-term strategy of just not touching the asset and being passive.”

The right standard, Lawler argued, is the obvious one: before seizing investment assets, a state should have to prove the owner is actually deceased. He posited that most Americans would be shocked to learn how little protection they have. “You think you have ownership of this asset, but the state, under current law, can just take it.”

The SAFER Act would establish federal guardrails ensuring that inactivity alone cannot be the basis for escheatment and that states confirm the death of an owner and that no estate or beneficiary has claimed the assets before escheating investment accounts. It would also require states to leave unclaimed investments in place, rather than liquidating them, until they can prove abandonment.

Both lawmakers said the path to fixing the problem is through public awareness of the threat some state laws pose to Americans financial security. “Ultimately the American people will rise up,” Liccardo said. “It may take a little while. We just have to get the information to them.”

Contact: media@ici.org 

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SOURCE Investment Company Institute

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