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At the recent National Association of Industrial and Office Properties (NAIOP) Awards Banquet, the Pittsburgh region celebrated its 2007 successes, including 308 corporate investment projects expected to create 13,000 new jobs and retain 11,000. Also at the fore were the region’s innovative assets for business: “I consider Pittsburgh to be the cradle of green development for the nation …” says the national President of NAIOP, Thomas J. Bisacquino, “the region’s key industries have a high-tech bent … Pittsburgh is ahead of the curve. It’s a good investment.” Bisacquino is pictured here (far left) along with Dennis Yablonsky of the Pennsylvania Department of Community and Economic Development, and Michael Langley and DeWitt Peart of the Allegheny Conference on Community Development/PRA.
Among the awards presented at the 2008 NAIOP Banquet was the “Supporter of Development,” awarded for the landmark Westinghouse Electric Company expansions in Butler County and Westmoreland Counties, presented to the Pennsylvania Department of Community and Economic Development, Westinghouse Electric Company and the Allegheny Conference on Community Development and its Affiliates (the PRA among them). Read more (PDF file) about the NAIOP event and the other award recipients, or view the photo gallery.
The Westinghouse project was also recently named the nation’s “Economic Development Deal of the Year” by Business Facilities magazine. Read the January 2008 cover story.
Nearly 800 Jobs: State Announces Four Allegheny County Expansions
Governor Edward G. Rendell announced four recent regional investments that are expected to create 768 new jobs in Allegheny County and retain 472 existing ones. State assistance for the projects was $5.48 million, which will leverage $9.1 million in additional private investments by the companies. These growing companies are American Textile, Iron City Brewing Company, Powercast Inc. and Wheelabrator Air Pollution Control Inc. Read more
560 Jobs: State Announces Four Westmoreland County Expansions
Governor Edward G. Rendell also recently announced four Westmoreland County investments, expected to create 561 new jobs and retain 325. State assistance for the projects totals $5.83 million, which will leverage $142.9 million in private investments by the companies. The growing companies are Bolttech Inc., Ceratizit USA, ClosetMaid and Solar Power Industries Inc. “Alternative-energy leadership and a multi-state distribution hub in Belle Vernon; advanced manufacturing in Latrobe and West Newtown – are all the result of the targeted investments we have been making for the past five years to generate job growth in these key sectors,” said the Governor. Read more
60 New Jobs at The Bank of New York Mellon
The Bank of New York Mellon plans to add at least 60 new information security positions in its BNY Mellon Wealth Management operations area in Pittsburgh this year – bringing its total Pittsburgh regional workforce to about 600. The Bank of New York Mellon has said that an estimated 1,000 - 2,000 new jobs will be created in the Pittsburgh area as a result of the merger between Mellon Financial Corporation and The Bank of New York. Previous announcements include approximately 210 positions within BNY Mellon Shareowner Services moving from Jersey City to Pittsburgh, some 200 positions created at the Company's data center in Armstrong County as part of a $70 million expansion project and 150 new Corporate Trust positions. Read more
50 Jobs to Pittsburgh from Cleveland and Growing: Carmeuse Acquires Oglebay Norton
Carmeuse Lime & Stone, the largest producer of lime products in North America, has successfully completed the acquisition of Cleveland-based Oglebay Norton Company and plans to move up to 50 jobs from Oglebay Norton’s Cleveland operation to the Pittsburgh region. Pittsburgh-based Carmeuse Lime & Stone is the largest producer of lime products in North America; its 14 manufacturing facilities supply and serve 27 states and provinces in the eastern USA and Canada, and employ more than 1,200 people. Read more (PDF file)
Hiring 100: IT Company Pepperweed Upsizes
“Indianapolis-based information technology company Pepperweed Inc. is moving its headquarters to Wexford, Pa. and plans to hire 100 in the next three years. The firm has leased 5,000 square feet in the Blaymore Office Building and will place 25 people here by year end,” says Patrick Stewart, CEO. “The short-term lease will give the company flexibility to find a more permanent space in the Wexford area once long-term growth plans are understood … New hires will be mostly experienced IT consultants and college students.” Read more
RedPath Expands Space and Workforce
“Following a year of dazzling growth, RedPath Integrated Pathology is moving to a larger, more sustainable space in the Strip District to accommodate company growth. The two-year-old biotech company will relocate to two-floors, and 40,000 square feet of warehouse space … RedPath doubled in size last year from 16 to 31 employees and expects to double again to 70 people by the end of 2008, with most of the growth in the sales and marketing department.” Read more
HydroGen Globally Launches ‘Zero Pollution’ Fuel Cell Technology, Partners with Samsung and Hiring
“After decades of collecting dust, HydroGen Corp. is giving Westinghouse’s fuel cell technology new life as it prepares to take the clean, pollution-free energy source worldwide. In the process, the company has plans for "significant" hiring.” Read more
Pharma Company Accommodates Growth with Headquarters Move, Hiring 20
“Three Rivers Pharmaceutical LLC will be relocating its headquarters from Cranberry Pa. to the Thorn Hill Industrial Park in Marshall, Pa. where it will lease 55,950 square feet in two buildings owned by the Regional Industrial Development Corporation (RIDC).” Read more
Chrysalis Ventures Opens Pittsburgh Office
“Chrysalis Ventures is on the lookout for local investment opportunities, having officially joined the local venture capital community by opening a Pittsburgh office this month in Innovation Work’s space off Technology Drive. The Louisville, Ky.-based firm is a leading source of equity capital for fledgling companies in what it considers the “under-ventured” Midwest and South… [It has invested] more than $300 million under management and has investments in 55 companies in healthcare services, technology, media and communications and business services.” Read more
MEDRAD, Inc. Grows Revenue by 10% in 2007, Acquires Possis Medical for $361M
Homegrown global medical technology leader MEDRAD, Inc. (Warrendale, Pa.) announced that sales revenues grew to $525 million in 2007, an increase of 10 percent over the previous year. MEDRAD, a Bayer HealthCare affiliate, has achieved double-digit annual revenue growth for over 10 years. With its employee base having grown by almost five percent in 2007 (net 70 new employees), 1,200 of the company’s 1,700 employees are located in the Pittsburgh region. The company recently announced a $361 million merger agreement with Minneapolis-based Possis Medical, Inc., which has approximately 280 employees. Read more
Pennsylvania Economic Development: Groundbreaking Status Report Released
A recent report by the Pennsylvania Economic Development Association (PEDA) reveals that its members have leveraged $4.8 billion in investments in Pennsylvania that have helped to create 186,000 jobs by partnering with local, state and federal governments, as well as the private sector. The report, “2007 Economic Development Corporation Impact and Client Satisfactory Study,” covers work done by PEDA members during the first four years of the Rendell administration, from 2003-06. Read more (PDF file)
Ready-To-Go Business Sites: EverGreene Technology Park Growing
“The 248-acre EverGreene Technology Park [next to the Greene County Airport] is preparing for more buildings to come its way. A 40,000-square-foot building is near completion, and a 60,000-square-foot building is on the drawing board…‘We will get ... 12 to 15 more acres of pad-ready sites…the park's fiber-optic infrastructure may be attractive to technology firms," said Don Chappel, executive director of Greene County Industrial Developments, Inc.” Read more
Discover the Pittsburgh region’s inventory of commercial sites at PittsburghProspector.com
Dynamic Manufacturing Moves to Northpointe Business Park, Steady Job Growth Expected
The Armstrong County Board of Commissioners and the Armstrong County Industrial Development Council recently announced that a sales agreement has been signed for the purchase of one 3.8-acre parcel at Northpointe Business Park by Dynamic Manufacturing, LLC, a full-service Electronic Manufacturing Services (EMS) provider. Construction of a 14,400 SF facility will begin immediately and should be complete within the next four to six months. Currently located in U-Park, Dynamic plans to steadily increase its 30-person workforce at an annual rate of 15 – 25 percent at the new facility.
Pittsburgh International Airport: Reduced Costs Save Carriers Money, Make Service More Attractive
The Allegheny County Airport Authority is restructuring a portion of the airport debt for 2008 and has realized lower 2008 insurance costs for a total savings of $11 million this year. The savings will be passed on to the airlines in the form of lower rates and charges effective March 1, 2008. Read more
Pittsburgh International Airport: Traffic Soars – 2007 Year-End Report
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$3M in University Grants for Clean Energy and Nanoscience
Carnegie Mellon University received a $1.85 million grant to develop a regulatory structure for clean energy technology, while the University of Pittsburgh received $1 million for nanoscale science imaging technology. Read more
$10M Carnegie Mellon Grant for New Computer Science Complex Building
The Henry L. Hillman Foundation has given Carnegie Mellon University a gift of $10 million for a research building in the university's new computer science complex. The Hillman Center for Future-Generation Technologies, one of two structures in the 200,000-square-foot complex that also includes the Gates Center for Computer Science, will face Forbes Avenue (one of Pittsburgh's main thoroughfares) and serve as the main entrance to the university's world-renowned School of Computer Science. Read more
New AlphaLab Helps Grow Software-Related Companies
Innovation Works, one of the country’s most active investors in seed-stage technology companies, is launching AlphaLab to accelerate the development of software, interactive games and Internet-related companies. AlphaLab provides funding, free office space, and intense business mentoring for up to twelve companies per year that will be selected in two, six-month cycles. The immersive AlphaLab experience helps companies rapidly develop their technology, test and improve ‘alpha’ (early iteration) releases and move toward successful commercial launch of their software product. Learn more
Thursday, March 13 – NEDA’s 2008 Professional Networking Series: Sustainable Building Policy as a Strategic Economic Advantage. Green building, carbon trading markets and sustainable energy are becoming big business, and business investors want – even need – to integrate all of them into their growth plans. At one of the world’s largest green buildings: the David L. Lawrence Convention Center. Members: $100, Non-Members: $115.
Thursday, March 13 - 14 – Good Jobs, Green Jobs: A National Green Jobs Conference. This event will launch a nationwide dialogue about moving our country rapidly toward leadership in promoting the benefits of a new green economy. It will bring together advocates representing local, state and federal policy makers; labor; business; the environment and public health; economic and workforce development specialists; investors; and scientists and technology experts. At the Westin Convention Center and the David L. Lawrence Convention Center.
Monday, March 24 - 25 – Cornerstones Symposium 2008: Transforming Cities Through Knowledge-Based Innovation. Featuring regionally and globally renowned experts and executives presenting thought/action-provoking findings regarding robust economic development. March 24 – Pre-symposium events and VIP reception, The Duquesne Club. March 25 – Symposium ’08, University Center, Carnegie Mellon University. Call Robert Johnston at 412.268.9554 or rj@andrew.cmu.edu for more information.
Wednesday, April 16 - 17 – 3 Rivers Venture Fair. Explore the most promising technology and life science innovations from an expansive ten-state region and beyond. Join more than 500 venture capitalists, investors, entrepreneurs, university and economic development professionals and technology pioneers for the fourth 3 Rivers Venture Fair at the Lexus Club, PNC Park. Since its inception, the 3RVF has become one of the most prominent technology investment showcases in the Northeast and Mid-Atlantic regions and has helped featured companies raise more than $250 million in investment capital. Early-bird registration rates end March 5. Questions? Contact Debbie Shiring at 724.226.3962 or d.shiring@verizon.net.
Sunday, June 22 - 25 – 2008 ASEE Annual Conference & Exposition. Join the American Society for Engineering Education (ASEE) in Pittsburgh for the 115th Annual ASEE Conference & Exposition. Promote your brand and enhance your recruiting efforts at the world’s largest gathering of engineering educators.
Wednesday, August 13 - 15 – 2008 ARMTech Showcase of Industry and Technology. Part of the Armstrong County Regional Manufacturing Initiative, this 10th annual three-day Showcase will feature nearly 100 exhibits from across the country, allowing regional businesses and organizations to build relationships with respected industry professionals. Attending will be exhibitors from the electro-optics, advanced manufacturing, medical research, aerospace and defense contracting fields, joined by U.S. Rep. John Murtha. Questions? Contact Nick Caruso at 724.548.1500.
Allegheny Conference | Contact Information
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