PRA Post


PRA Post is the Pittsburgh Region’s Economic Development Newsletter


June 2018

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Business Investment Scorecard: A Snapshot of the Pittsburgh Region’s Economic Development Activity

The Allegheny Conference recently released the 11th Pittsburgh Region Business Investment Scorecard, compiled by its Pittsburgh Regional Alliance affiliate. The scorecard is an annual data-based snapshot of economic development activity and job creation across southwestern Pennsylvania.

The latest report tracks 258 total deals announced in 2017 and $5.5 billion in capital investment, the third highest amount on record. Also making the headlines was information technology’s rise – for the first time in the scorecard’s 11-year history – to the number one position as the sector that was most active for deals.

The complete overview of deals and job creation and retention among the region’s five key sectors is available in our latest scorecard.

Read Media Coverage on the Scorecard
Pittsburgh Post-Gazette

Beaver County Times

Observer-Reporter



MORE ECONOMIC DEVELOPMENT NEWS


ANSYS Adding 30,000 SF at Southpointe
“ANSYS Inc., a publicly traded engineering software maker, is preparing to expand beyond its headquarters at Zenith Ridge within Southpointe II. After moving into a new 186,000-square-foot headquarters four years ago, the company has now inked a deal to lease an additional 30,000 square feet in a neighboring building at Zenith Ridge.” Read more


Duolingo Expands Headquarters
“Duolingo Inc. has expanded its headquarters on the second floor of 5900 Penn Ave. in East Liberty from 16,000 square feet to 24,000 square feet. The company now employs 110 people who are helping to build on its popular language learning app, which now has more than 200 million users worldwide.” Read more


Bergad Breaks Ground for 50,000 SF Expansion, Plans to Hire 30
“Bergad, a leading producer of specialty polyurethane foams, will add 50,000 square feet to its manufacturing area, making it one of the largest manufacturing facilities in Armstrong County. Phase 2 of the expansion will add an additional 35,000 square feet and is expected to begin approximately 18 months after the completion of the Phase 1. The company plans to hire 30 people over the next two years.” Read more


Tool Machining Company, Vollmer of America, to Build New at RIDC Park West
“Vollmer plans to build a new single-story, 29,300-square-foot building on the property in which the company expects to maintain a staff of about 30 employees.” Read more


Shell Hiring 40 Production Operators for Cracker Plant
“Shell Chemicals is hiring 40 production operators who will help run the company’s $6 billion ethane cracker plant once it’s operational early next decade.” Read more

Read More about Petrochemical Manufacturing in the Pittsburgh Region


Pittsburgh Tech Council, Data Bank Making Moves at Nova Place
“Pittsburgh Technology Council will move into Nova Place on the North Side of Pittsburgh. DataBank, a data and cloud storage provider will grow its presence in the development, which is managed by Faros Properties, from 20,000 square feet to 40,000 square feet.” Read more


Tech Startup, Liquid X Printed Metals, Led by Former Bayer CEO, Moves to New Space
“The tech startup led by former Bayer Corp. CEO Greg Babe has completed a funding round and plans to move to accommodate larger lab space and new printing equipment. Liquid X Printed Metals Inc. raised $1.4 million from investors, including Newlin Investment Co. and Matthews International Corp., and will move to 3,000 square feet.” Read more


New Companies Making Big Space Commitments in Pittsburgh Region
“In a Pittsburgh office market in which it has typically been big companies spurring new building development, the city is now experiencing companies no older than your typical startup committing to large spaces in new buildings and paying premium rents.” Read more


AI and Robotics Showcase Attracts 150 Investors
“Carnegie Mellon and Innovation Works, Pittsburgh’s most active seed stage investor, held the first annual AI and Robotics Venture Fair, where approximately 20 startups, mostly early stage, pitched to nearly 150 investors, including 40 venture capital firms, many from outside the region.” Read more

Read More about Robotics in the Pittsburgh Regionn


Air Canada Offering Flights from Pittsburgh to Montreal
“Daily flights from Pittsburgh International Airport to Montreal have started. The flights are the first service to Quebec’s most populated municipality in 13 years.” Read more


United Adds More Daily Direct Flights from PIT to Newark
“United is adding more daily direct flights to Newark Liberty International Airport.” Read more


Beauty Shoppe to Open First Downtown Pittsburgh Location
“Beauty Shoppe will open its first downtown location, taking 12,000 square feet in the Pitt Building on Smithfield Street at the corner of the Boulevard of the Allies.” Read more


Manufacturing Coworking Space Opens in Pittsburgh
“Factory Unlocked has opened on Pittsburgh’s North Shore to act as a link between incubators and the marketplace by offering access to high-tech equipment for production.” Read more


Heavy Manufacturing Approved for Jeanette Glass Property
“Heavy manufacturing is now a conditional use of the former Jeannette Glass property, further paving the way for the Elliott Group to redevelop the site.” Read more


Greenfield Set for $41 Million Flood Control Plan, Low-Speed Transportation System
“The $41 million plan would provide mostly green solutions to flooding problems as well as establish a low-speed, on call shuttle system between Hazelwood and Oakland.” Read more


Burns Scalo Begins Construction on Spec 160,000 SF, $35 Million Riviera Office Development
“Burns Scalo reports construction has begun on site work for a 160,000-square-foot building expected to be completed by the summer of 2019 in a development, which is near Pittsburgh Technology Center, anticipated to cost $35 million.” Read more


Michael Baker Awarded $30 Million Contract for Pittsburgh Sewer Overhaul
“Alcosan approved a $30 million contract with Michael Baker International as a part of larger plan to upgrade Allegheny County’s sewage system, double capacity and reduce overflow.” Read more


Downtown Building Boom: 28 Projects Worth $1 Billion Under Construction
“Downtown and its fringe are teeming with development, with 28 projects worth $1 billion under construction and much more in the pipeline.” Read more




Hundreds of Jobs, Big Plans at New Kensington’s Schreiber Industrial Park
“The only thing that’s stayed the same about the New Kensington’s 66-acre Schreiber Industrial Park is change, and more is coming. The city is set to buy the riverfront industrial park in a bid to make it a center for manufacturing and return some of the jobs it used to provide to residents.” Read more


Frick Environmental Center Earns Living Building Challenge Certification
“Frick Environmental Center is the first municipal building free and open to the public in the U.S. to achieve Living Building Challenge certification.” Read more


UPMC, Philips, American Heart Association Join for $30 Million Venture
“UPMC has joined the American Heart Association and Dutch health technology company Royal Philips in a new $30 million venture capital fund. With investments of $10 million from each partner, Cardeation Capital will invest in heart-related diagnostics, treatments and devices that address cardiovascular disease.” Read more


Cognition Therapeutics Gets $6.6 Million
“Two National Institute on Aging grants worth $6.6 million are going to Pittsburgh-based Cognition Therapeutics to fund clinical studies of the firm’s lead candidate for Alzheimer’s disease.” Read more


Pitt Startup Raises $5 Million
“A year-old University of Pittsburgh startup company has raised $5 million in Series A funding as it develops an antidote for carbon monoxide poisoning. Tus Science & Technology Service Group of China led the funding round for Globin Solutions Inc. with participation from UPMC Enterprises, the commercialization arm of the Downtown-based hospital and health insurance giant.” Read more


Biotech Firm LyGenesis Raises $3 Million for Regenerative Tissue Work
“LyGenesis Inc. claims to have come up with a way to create working liver tissue in patients whose organs have been destroyed by disease. LyGenesis announced that it raised $3 million in Series A financing from Juvenescence Ltd., a year-old venture capital company.” Read more


PNC Foundation Makes $2.5 Million Gift to Pittsburgh Promise
“The PNC Foundation and the Promise announced a 10-year, $2.5 million grant, bringing the organization’s overall contributions to the scholarship foundation to $3.8 million.” Read more


Pittsburgh Wins $1.4 Million Grant for Street Safety Improvements
“Pennsylvania officials approved a $1.4 million grant for sidewalk and street safety improvements.” Read more


Greene County Career and Technology Center Gets $200,000 Grant
“The Greene County Career and Technology Center will receive $200,000 in state funding for equipment upgrades in various programs.” Read more


Wilkinsburg Maker Space to Expand with $165,000 Grant from Hillman Foundation
“A Wilkinsburg maker space will expand, buy more equipment and offer income-based membership rates thanks to a $165,000 grant from the Henry L. Hillman Foundation. The six-month-old Protohaven will more than triple in size and take over the entire 12,500-square-foot space of its North Trenton Avenue home.” Read more


CleanRobotics Gets $150,000 for TrashBot
“A New Jersey company has taken a stake in a Pittsburgh startup that uses robotics and artificial intelligence to sort commercial waste. RiverRoad Waste Solutions, based in Tinton Falls, N.J., confirmed that it has invested $150,000 in CleanRobotics, developer of the TrashBot, a roboticized waste bin.” Read more


Seven Pittsburgh Companies on Fortune 500 List
“Kraft Heinz was the local leader in the region’s biggest publicly traded companies, alongside six others ranked on the Fortune 500 list. Twenty Pennsylvania companies made the list, including top-ranked AmerisourceBergen at No. 12 with revenue at $153 billion, and Comcast at No. 33 with $84 billion in revenue, according to the magazine that has compiled the list for the past 64 years.” Read more


NBC’s Lester Holt Shines Light on Pittsburgh
“While anchoring NBC Nightly News from the North Shore, Lester Holt focused on the city transitioning to a tech hub, an iconic form of transportation and a program that pairs immigrant families with locals.” Read more


CMU Becomes First University in U.S. to Offer AI Degree
“Carnegie Mellon University will offer a new undergraduate degree in artificial intelligence, the first offered in the United States.” Read more



Pitt Launches Institute to Analyze Data through Modeling and Simulation
“University of Pittsburgh’s School of Computing and Information announced the launch of a new institute to analyze data through computer modeling and simulation. The Modeling and Managing Complicated Systems, or MoMaCS, Institute was launched during the school’s Modeling the World Systems Conference in downtown Pittsburgh.” Read more


Pittsburgh Life Sciences Week Brings Researchers, Business Leaders Together
“Life Sciences Week, held in April, drew more than 1,000 people — more than double last year’s attendance — to learn about Pittsburgh’s life sciences assets.” Read more


Pittsburgh: Best City for First-Time Homebuyers
“Pittsburgh recently nabbed the top spot as the best city for first-time homebuyers according to financial advising site SmartAsset.” Read more


Marble Co-Founder, CMU Grad Says Pittsburgh Can Be Silicon Valley of Robotics
“Kevin Peterson, a Carnegie Mellon University graduate who worked at Astrobotic before leaving Pittsburgh for San Francisco to help start an autonomous sidewalk delivery company, said Pittsburgh could become the Silicon Valley of robotics and be the place where companies tackle and solve some of the world’s most vexing problems.” Read more


 

OPPORTUNITIES

ImaginePittsburgh.com HOT Job Listings
Companies are investing and growing in the Pittsburgh region and creating opportunity for top talent, including positions below:

Go to ImaginePittsburgh.com to check out more jobs, learn about the region’s employers and industries and explore the region’s great live, play, and learn options.

 


 

EVENTS

June 13Corridors of Opportunity – South Fayette
Join the Pittsburgh Business Times as it continues its event series highlighting Pittsburgh’s most important growth corridors – focusing on the growth of the South Fayette area and its current and future developments. Click here for more information.

 

June 19Cyburgh, PA
The Cyburgh, PA initiative is a partnership between the CERT Division of the Software Engineering Institute at Carnegie Mellon University and the Pittsburgh Technology Council with a mission of bringing together academia, government, and the private sector to provide Pittsburgh with solutions to cybersecurity challenges across people, process, and technology while simultaneously deliberately advancing Pittsburgh as an internationally recognized leader in cybersecurity. Click for more information on the day-long event.

 

June 19-21DUG East
Virtually every major Appalachian producer is increasing natural gas production as the full potential of the “Beast in the East” is unleashed. Pipelines underway for years are being commissioned at a regular clip, the Cove Point LNG export terminal is shipping, and Shell’s long-touted ethane cracker is under construction. This June, find out how upstream producers and midstream operators in North America’s top natural gas-producing region are gassing up for growth in 2018 and beyond by attending DUG East. Click here for more information.

 

June 20VisionPittsburgh – Stefani Pashman
The Pittsburgh Business Times is proud to present Stefani Pashman, chief executive officer of the Allegheny Conference on Community Development, as she details her unique vision for our region. For almost 75 years, the Conference, one of the United States foremost civic leadership organizations, has been bringing together public and private sector leaders to drive an agenda to improve the economic future and quality of life in the 10-county Pittsburgh region. The Conference continues in that role today, and Ms. Pashman will detail its plans and how its collaborating for the improvement of Pittsburgh’s future. Click here for more information.

 

June 21Huntington Breakfast Briefing: ATI
The Pittsburgh Technology Council is pleased to present Rich Harshman, Chairman, President and CEO of ATI. With annual revenue of $3.4 billion, ATI is a global manufacturer of technically advanced specialty materials and complex components. Their products support diverse markets and industries such as aerospace and defense, oil & gas, electrical energy, medical, automotive and other industrial markets. Rich will discuss ATI’s activities as a global manufacturer and his vision for ATI moving forward. Enjoy breakfast and networking as you learn about technology innovation at ATI, trends in the specialty materials industry, and what this means to Pittsburgh. Click here for more information.

 

June 256th Annual Corporate Equity & Inclusion Roundtable
The Corporate Equity and Inclusion Roundtable (CEIR) is holding its Sixth Annual Conference hosted by County Executive Rich Fitzgerald, Pittsburgh Mayor Bill Peduto, the Allegheny Conference on Community Development and the CEIR Working Group. The forum gathers regional leaders to discuss a culture of diversity and inclusion in Pittsburgh. This year’s event features Candi Castleberry-Singleton, vice president of inclusion and diversity at Twitter. For registration information for the June 25th event, visit the website.

 

August 21Huntington Breakfast Briefing: Farnam Jahanian, Carnegie Mellon University
The Pittsburgh Technology Council is pleased to present Farnam Jahanian, newly appointed president of Carnegie Mellon University. A nationally recognized computer scientist, entrepreneur, public servant and higher education leader, Dr. Jahanian has extensive leadership and administrative experience as well as expertise in translating research into technologies and practices that benefit society. Dr. Jahanian will discuss how academia and industry may partner and support each other to grow Pittsburgh’s competitiveness as a global leader in technology player. He will also discuss CMU’s strategy to impact society in a transformative way – regionally, nationally, and globally – by engaging with partners outside the traditional borders of the university campus.