1. The Pittsburgh Regional Alliance is an affiliate of the Allegheny Conference
Pittsburgh Region Overview
March 2017
2. The Allegheny Conference: How We Work
The Allegheny Conference On Community Development brings together public and private sector leaders. Through the support of
the Regional Investors Council, we are improving the economic future and quality of life of the 10-county Pittsburgh region.
3. PENNSYL
A
A Snapshot of the Pittsburgh Region
OHIO
Metropolis Magazine:
Pittsburgh –
One of the Best Big
Cities in the U.S.
“Between academia,
innovative companies and
lots of startup activity, [the
tech world] loves it here”
– Kamal Nigam, head of
Google’s Pittsburgh office
10
Counties
2.6M
Population
$136B
Gross Domestic
Product
4. Regional Indicators
Updated: Pittsburgh Regional Alliance, February 2017
Pittsburgh U.S.
Unemployment Rate 5.9% 4.7%
Civilian Labor Force (000's) 1,327.9 158,466.0
High Value Industry Employment
High Value Industry Employment consists of employment
in industry's that pay at least 110 percent of the overall
average wage at the national level.
560.1 - 47.9%
(percentage of total
employment)
60,146.5 - 41.6%
(percentage of total
employment)
Average Wage $52,431 $52,937
Average Office Rent (per sf) $22.59 $29.13
Average Industrial Rent (per sf) $4.75 $5.75
Cost of Living Index 95.2 100.0
Median Home Price (000's) $130.0 $223.0
5. The World is Paying Attention!
One of the Top 10
Most Cost Friendly
Cities to do Business
KPMG LLP
Pittsburgh Among “Best Places to Travel in 2016” – Travel + Leisure Magazine
Pittsburgh: Among
the Best Big Cities
in the U.S.
Money Magazine
A Top
American City
of the Future
fDi
2016 Best
Market For
College Grads
Trulia + LinkedIn
Pittsburgh
is the
“New Cool”
Forbes Magazine
7. Retal Industries
43 initial new jobs;
88 additional jobs within three years
Establishing 143,000 SF U.S. Headquarters
Robert Bosch, LLC
Expanding Advanced Technology
Center into 51,667 SF in
Pittsburgh’s Strip District
JLL
115 new jobs; $5M investment
Relocation and expansion into 54,000 SF office
space in Tower Two-Sixty, downtown Pittsburgh
Ford
$1B investment (over five years)
Investing in Pittsburgh-based tech startup,
Argo AI, to outfit its cars with autonomous
vehicle technology
Recent Investment in the Region
SAP
$72.22M investment, 242 jobs
Expanding into a new, 122,274-square-foot,
five-story facility on Pittsburgh’s North Shore
Shell Chemicals
Up to 6,000 construction jobs;
600 permanent jobs when complete
Multibillion-dollar petrochemical complex
8. Apple Inc.
Expanding into 20,000 SF in
Pittsburgh’s Strip District
Industrial Scientific Corporation
New global headquarters
Built a new global HQ for research, office,
warehouse and manufacturing operations
General Electric
50 new jobs; $32M investment
New Center for Additive Technology Advancement to
develop additive technologies and training
Uber Technologies Inc.
New Advanced Technology Center
Partnering with CMU on R&D of driverless
vehicles, navigation and safety
Facebook
Leasing 20,000 SF for its Oculus virtual
reality research center
Recent Investment in the Region
CSX Corporation
80 new jobs (360 during construction);
$60M+ investment
Building a 70-acre intermodal facility
9. A Portfolio of Five Strategic Sectors
Advanced
Manufacturing
IT
Financial &
Business Services
Healthcare &
Life Sciences
Energy
10. • A century-long tradition of world-
leading innovation and manufacturing
excellence
• Assets
• World HQ for global leaders
• 120+ research centers
• Nearly 96,000 skilled workers
• Strengths
• Electrical equipment
• Industrial machinery
• Nanotechnology
• Precision machining
• Specialty chemistry
• Specialty metals
Advanced Manufacturing
11. • A center for asset management, banking
and shared services for more than 150
years. The largest industry contributor to
Gross Regional Product (25%)
• Assets
• World HQ for global leaders
• Employing 230,000 people at approximately 15,000 firms
• Home to an above-average concentration of lawyers,
accountants and auditors
• Half of all U.S. bank deposits are located within 500 miles
of Pittsburgh
• Strengths
• Corporate support
• Legal services
• Mortgage servicing
• Transaction processing
Financial and Business Services
12. • Unique convergence of research and
clinical assets
• Assets
• 5,500+ companies in the region
• More than $750M spent on academic Life Sciences
R&D annually
• $450M+ in NIH funding annually
• Specialized centers
• McGowan Center
• Hillman Cancer Center
• Strengths
• Medical devices
• Regenerative medicine
• Tissue engineering
• Diagnostics
• Transplants
Healthcare and Life Sciences
13. • Synergy between corporate and academic
R&D
• Assets
• Universities: Carnegie Mellon; University of Pittsburgh;
California University of Pennsylvania; Indiana University of
Pennsylvania; Penn State University
• Nearly 1,600 tech firms with 32,000 employees
• Nearly $1.8B in venture capital invested in emerging regional
businesses since 2003
• Strengths
• Big Data
• Agile robotics
• Cybersecurity
• Networking hardware
• Electro-optics
Information Technology
14. • Pittsburgh is the new center of American
energy; ample natural resources and a
150-year history of energy innovation
• Assets
• 800+ firms that directly support approximately 45,000
jobs
• Uniquely strong across seven energy industries
• Strengths
• $1B in energy-related R&D funding
• National Energy Technology Lab
• University R&D
• Energy Alliance of Greater Pittsburgh
Energy
19. Cyber Security Center of Excellence
“There is no better place in the
country than Pittsburgh for
[cyber security].
Not only do we have the talent. Not only do
we have the record. Not only do we have the
tools. We have that secret je ne sais
quoi about Pittsburgh: We're a group of
people that likes to work together.”
- U.S. Attorney David Hickton, advisor on
cyber issues to U.S. Attorney General
20. National Energy Technology Laboratory
The NETL – part of the U.S. Department of Energy laboratory system – is
dedicated to energy and environmental R&D through unique, industry-
academia-government collaboration
Strategic Center for Coal
Carbon Capture, Carbon
Storage, Advanced Energy
Systems, Cross-Cutting
Research
Strategic Center for Natural Gas
Deep & Ultra Deep Water Oil,
Unconventional Gas, Methane
Hydrates, Enhanced Oil Recovery
Project Management Center
Building Technologies, Distributed
Energy, Vehicle Technologies,
Weatherization