PITTSBURGH—The Pittsburgh Regional Alliance reports the Pittsburgh region saw a 12% increase in economic development deals in 2013 that calculated out to $2.4 million in investment.
The alliance, an affiliate of the Allegheny Conference on Community Development, states that in its 10-county territory there were 302 economic development-related transactions in 2013. The total for last year marked the seventh consecutive year that economic development capital investment totaled more than $1 billion, according to the Pittsburgh Business Times.
The total job impact of the transactions closed in 2013 was 8,700, including 1,669 positions that were retained in the region. PRA reports there are new development projects in the region totaling $1.8 billion in investment, the second highest level the PRA has recorded.
Chief among the new projects are a planned regional headquarters expansion by Chevron Corp., a 420,000-square-foot distribution center by Gordon Food Service, and CSX Corp.'s intermodal terminal in McKees Rocks and Stowe. See story in the Pittsburgh Business Times.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
