Western Pennsylvania finds ‘right direction’
Source: Pittsburgh Tribune-Review
The stubbornly sluggish economy has not stopped Western Pennsylvania’s ability to attract businesses and jobs in the past year or so, economic development experts say. The region through October has attracted 33 new businesses compared to 30 that came into the region for full-year 2009, according to the Allegheny Conference on Community Development.
For instance, the number of private-sector jobs in the seven-county region in September was about 9,000 ahead of the same month last year, according to the Bureau of Labor Statistics. The region’s 7.9 percent unemployment rate is significantly lower than the nation’s 9.6 percent rate.
By another count, the region through October has attracted 33 new businesses compared to 30 that came into the region for full-year 2009, according to the Allegheny Conference on Community Development.
Recent announcements of new companies coming here, paired with the latest announcement that Pittsburgh has received a top ten job ranking, is solid proof that our region is moving in the right direction for economical growth.
“It is no surprise that Pittsburgh is near the top of the list of the nation’s biggest markets for job retention and creation,” stated William Leone, Founding Principal with Colliers International | Pittsburgh, Pittsburgh’s premier commercial real estate firm. “Pittsburgh’s financial, healthcare and educational sectors continue to prosper; the velocity of new businesses this year, including those attracted by the development of energy sources; and the maturation of the technology industry, combined with the slight improvement in the economic climate, makes for a very positive direction for our region. We expect tremendous improvement in Pittsburgh’s employment data in what appears to be a bright future for Western Pennsylvania.”
Posted on November 10, 2010, in Economy and tagged Education, Healthcare, Labor Statistics, Pittsburgh's best rankings, Technology. Bookmark the permalink. Comments Off on Western Pennsylvania finds ‘right direction’.