Major Increase in Robotics and Information Technology Deals Propels IT, for the First Time, to “Most Active Sector” Position
Capital Investments Exceed $5.5B, the Third Highest Amount on Record; Investments in Healthcare and Energy Infrastructure are Big Drivers
Manufacturing’s Still Going Strong in Region; Second “Most Active Sector” for Deals
Expansions of Existing Regional Companies Continue to Dominate; 67% of All Investment Deals
See the Complete Scorecard Here
See the Job Impact Per Sector Here
- 20 deal increase from 39 in 2016
- ~30% of deals are robotics-related; robotics deals tripled in 2017
- 1,872 new jobs; IT (including robotics) leads all sectors for job creation
- 73% higher: IT employee wages vs. average job in region
- $94,000: Annual average IT job wage in region / $54,200: Average regional job wage
- 6.7%: 2017 IT sector wage growth in region / 5.9%: 2017 IT sector wage growth in U.S.
Learn more about IT in the region.
- 17.4%: Manufacturing employment in fabricated metals – 4X the national avg.
- $54,091: Annual average manufacturing job wage in region
- 13.0% higher than the average regional job wage
Learn more about advanced manufacturing in the region.
Watch a PGH Tech 50 “Innovator of Year” video about Carmell Therapeutics
Learn more about healthcare and life sciences in the region.
- 230,000 employees – the region's largest employer
- 23% – the largest contributor to Gross Regional Product
Listen to Development Counsellors International (DCI) podcast, “The Project” and episode 33 about Evoqua’s decision to move its global HQ to downtown Pittsburgh.
Learn more about financial & business services in the region.
- 7 Natural Resource Co. Investments – Down from 39 at peak in 2011, due largely to a slowdown in the sector and saturation.* The companies that needed to be in the region have already invested here.
- 5 out of 7 energy investments in 2017 are located in Washington County (see below)
*On the other side of saturation is maturation, which is underpinned by the surge of energy-related infrastructure investments in 2017. Companies that have previously made significant investment here are now positioned to leverage extracted natural gas by moving it to local, national and international markets.
Learn more about energy in the region.
Pittsburgh Regional Alliance and the Allegheny Conference on Community Development
“Why Pittsburgh for Business Investment”
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