In previous blog posts, we've talked a lot about how technology is booming in Pittsburgh. But what other industry is making waves in the steel city? Advanced manufacturing, according to a recent report from NextPittsburgh. The sector was the primary economy driver last year in Pittsburgh with a whopping 68 investment deals.
A majority of the deals were business expansions and retention projects. In dollars, these manufacturing deals translate to $450,234 in capital investment as well as 5,400 new jobs.
Information Technology totalled 47 deals, energy companies 31 deals, financial and business services 28 deals and health and life sciences 24 deals.
“Manufacturing’s performance is especially encouraging,” said Dennis Yablonsky, CEO of the Pittsburgh Regional Alliance. “That sector’s investment deals are creating and retaining high-wage jobs that support a robust supply chain throughout the Pittsburgh region.”The manufacturing sector still involves technology though, the report highlights this by stating,
“While today’s manufacturing requires fewer employees because of technological advances, the sector demands smarter, tech-savvy workers whose salaries are competitive and reflect the education and training that individuals bring to 21st century manufacturing operations.”Read more
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