Wednesday, March 18, 2009
Despite the economic downturn, it seems 2008 was a strong year for capital investment in the region, at least according to one local group. The Pittsburgh Regional Alliance (PRA), composed of more than fifty private and public sector leaders and development professionals today announced the number of expansion and development projects in southwestern Pennsylvania in 2008 kept pace with the “golden year” of 2007. Dee Peart, President of the PRA says 257 projects were announced in the Pittsburgh region in 2008, compared with 258 projects in 2007, resulting in capital investments of over $4.2 billion and yielding 30,000 jobs. Site Selection magazine also ranks Pittsburgh 7th in the nation among metropolitan areas with more than one million residents. Houston received the number one ranking.