For the past five years, the Allegheny Conference on Community Development and the Pittsburgh Regional Alliance have celebrated “Wins” day, a Wednesday in March when we tote up all the announced investment and development projects, or “wins,” of the previous year.
In 2011, the 10-county Pittsburgh region landed 286 economic development wins – 242 as corporate expansions or new facilities, 44 as real estate deals. That translates to 11,440 new and 5,620 retained jobs, as well as capital investment of $1.5 billion. You can read more about this in my column in this week’s Pittsburgh Business Times. Download a copy of it here, read it online (with subscription) at Pittsburgh Business Times, or pick up the March 16-22 edition on a newsstand.
Underscoring our emerging role as the new center of American energy, there were 79 energy-related wins, including new business or expansions by extracting companies and those in the natural gas supply chain of turbines, pumps and electrical components, as well as wind-energy developers. The growth of financial and business services contributed to these gains, too.
Advanced manufacturing also did well in 2011, as the national trade journal Industry Week recently noted.
You can read my column here, our blog post about our “Wins” day here, our detailed news release with links to growth in individual sectors here, and catch comments about it from our CEO, Dennis Yablonsky, here.