The 2016 Pittsburgh Region Business Investment Scorecard
Royal Dutch Shell’s $6 Billion Investment Will Grow Petrochemical Industry in Region
Additional Billions in Investment Dollars Will Bring Critical Energy Infrastructure to the Region
Manufacturing and IT Are “Top Two” Most Active Sectors for Announced Deals
View the complete 2016 Scorecard | Read the 2016 Scorecard Press Release
- ~600 more new jobs – 2016 vs. 2015
- $59,683 – average annual wage for Pittsburgh region manufacturing employees; comparable to U.S.
Learn more about advanced manufacturing in the region.
- Second most active sector for investment deals – four years and running (2013 - 2016)
- Where the high-wage jobs are – average annual wage for IT employees is 60% higher than the average job in the region
- $84,100 – annual average wage paid by companies in region’s IT sector
- Pittsburgh region (4.6%) wage growth – greater than U.S. growth (3.8%)
Some 20 firms and organizations – within a three-mile stretch – are working on robotics and autonomous technologies, including Uber at its Advanced Technology Center, a robotics/AI-centered deal of 2016 that has put Pittsburgh in a global spotlight again and recharges the “Roboburgh” moniker, given to the city by The Wall Street Journal in 1999.
Learn more about IT in the region.
A mix of local and global firms are investing region-wide, including:
Learn more about healthcare and life sciences in the region.
- Energy deals decline from 31 in 2015
- Energy-related manufacturing and business support services projects slowed
WHY?
- Overabundance of low-priced natural gas
- Upstream activity (2010 – 2012) has peaked
Learn more about energy in the region.
- 230,000 people – sector is region’s largest employer
- 23% – sector is GRP’s largest contributor
Learn more about financial & business service in the region.
Download the Scorecard news release
