Pennsylvania Senator-elect Dave McCormick is an affluent finance executive who has never before held political office.

Pa., on Thursday conceded the race for Pennsylvania's Senate seat to his Republican opponent, Dave McCormick. NBC News projected McCormick's win in the hotly contested battleground state race shortly after Casey's concession,

Casey's concession comes two weeks after the AP called the race for Republican Dave McCormick and after counties had begun a recount process.