Thursday, April 4, 2013

Pittsburgh Stands Out Among American Cities

Pittsburgh has once again proven its resilience to the national economic slump. A recent Allegheny Conference showed that Pittsburgh's long term focus on job growth has certainly paid off:  
  • The Pittsburgh Regional Alliance (PRA) reports 269 economic development deals (or wins) in terms of investment and development projects. The deals are expected to create 8,388 new jobs in the region over the next few years and retain 3,422 jobs to a total employment impact of 12,000 jobs. 
  • A total $3.2 billion in capital investment was reported in 2012, the highest amount since 2007 when the record-keeping began. Investment projects were $1.8 billion, $750 million more than 2011. Development projects totaled $1.4 billion. 
  • 2012 marked a year of record-high employment and Pittsburgh position as a national leader for job growth in high-wage industries.

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