The Pittsburgh Regional Alliance (PRA) – the economic development marketing affiliate of the Allegheny Conference on Community Development – presented its ninth annual Business Investment Scorecard: a look at the regional economy and a spotlight on companies that announced plans in 2015 to start or increase business in southwestern Pennsylvania.
Fischione Instruments CEO Paul Fischione addresses the press during the Pittsburgh Regional Alliance's annual Business Investment Scorecard event.
In total, 275 total business deals were tracked by the PRA and its economic development partners across the 10-county region. Included were 206 investment deals (attractions, expansions, relocations, retentions, and startups) and 69 development deals (real estate and infrastructure). Related capital investment tallied $2.9 billion, marking the ninth consecutive year that the total exceeded $1 billion. The total employment anticipated as a result of these investment announcements is 14,951: 5,417 new jobs and 9,534 retained jobs. This marks the highest overall anticipated job impact since 2011.
Fischione Instruments and three other companies – JLL Pittsburgh, Uber Advanced Technologies Center, and Wombat Security Technologies – were invited to the annual Business Investment Scorecard press conference and luncheon to exemplify success stories in the various market sectors that the PRA tracks. In the case of Fischione, its recent $5 million, 26,000 square-foot expansion at its Export headquarters highlighted regional investment in the Advanced Manufacturing sector.
Read the press coverage of the event: