About the Region
Since its founding in 1758 the Greater Pittsburgh Region has
reinvented itself several times. First, as the rural gateway to the
then-Western United States. Second, as the steel producing industrial
backbone of the world. And now as the most livable city in America with a
robust network of universities, healthcare facilities, and vibrant civic
communities. Because of its many attractions and burgeoning economy,
Pittsburgh has seen an ongoing economic resurgence.
Facts about the
Region
Founded: 1758
Incorporated: 1816
City Population: 305,841
Labor force: 155,100
Allegheny County Population: 1,231,527
Labor force: 657,800
Median Family Income (2012): $50,489
(Pittsburgh MSA) Unemployment Rate: 5.4%
Median Home Sale Price (Q2 2014): $137,000
Average High Temperature (July): 82.5° F
Average Low Temperature (January): 20.8° F
Living Here
Ranked “Most Livable” in the country by The Economist and a
“Best of the World” destination by National Geographic Traveler for good
reasons, the Pittsburgh region offers a total quality-of-place package. A low
cost of living, affordable and diverse housing, green space, world-class arts
and culture, three professional sports franchises and nationally acclaimed
healthcare and education top the short list of amenities that make for a
great life in the region.
Investment Opportunities
Imagine What You
Can Do Here
Over the past three decades, the Pittsburgh region’s
environment and economy has been re-made, and the region brims with
opportunity.
For business investors, it delivers on essentials for
success including strategic location, top-flight corporate real estate, a
highly competitive cost of doing business and an amazingly affordable cost of
living.
Advanced manufacturing, energy, financial and business
services, health care and life sciences and information, and communication
technology are the pillars of Pittsburgh’s regional economy. These pillars
have led the establishment of an economy that is diversified and resilient.
There are more than 100, billion-dollar-plus global
corporations that base their headquarters or a major business unit here,
making the region a growing center for headquarters and corporate support
operations. Headquarters and corporate support operations employment has been
the fastest growing industry in the region. It increased by 55 percent since
2005, nearly 19 times the national rate. From fortune 500 companies (eight of
them call the region home today) to boutique-type technology firms –and so
many more businesses, in between- there are thousands of companies
contributing to Pittsburgh’s balanced economy.
