Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Pittsburgh
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Economy== {{Main|Economy of Pittsburgh}} {{See also|List of corporations in Pittsburgh}} Pittsburgh has adapted since the collapse of its century-long steel and electronics industries. The region has shifted to high technology, [[robotics]], health care, nuclear engineering, tourism, [[biomedical technology]], finance, education, and services. Annual payroll of the region's technology industries, when taken in aggregate, exceeded $10.8 billion in 2007,<ref>[http://www.pghtech.org/aboutus/about-our-region.aspx About Our Region] Pittsburgh Technology Council {{webarchive |url=https://web.archive.org/web/20140327204307/http://www.pghtech.org/aboutus/about-our-region.aspx |date=March 27, 2014 }}</ref> and in 2010 there were 1,600 technology companies.<ref name="Bobkoff">{{cite web |url=https://www.npr.org/2010/12/16/131907405/from-steel-to-tech-pittsburgh-transforms-itself |title=From Steel To Tech, Pittsburgh Transforms Itself |last=Bobkoff |first=Dan |date=December 16, 2010 |work=[[NPR]]|access-date=December 21, 2010}}</ref> A [[National Bureau of Economic Research]] 2014 report named Pittsburgh the second-best U.S. city for intergenerational economic mobility<ref>{{cite journal |last1=Chetty |first1=Raj |last2=Hendren |first2=Nathaniel |last3=Kline |first3=Patrick |last4=Saez |first4=Emmanuel |title=Where Is The Land of Opportunity? The Geography of Intergenerational Mobility in the United States |journal=NBER Working Paper Series |series=Working Paper Series |issue=Working Paper 19843 |page=67 |publisher=[[National Bureau of Economic Research Working Paper]] |date=January 2014 |doi=10.3386/w19843 |url=https://www.nber.org/papers/w19843 |access-date=January 27, 2014 |url-status=live |archive-url=https://web.archive.org/web/20140202184957/http://obs.rc.fas.harvard.edu/chetty/mobility_geo.pdf |archive-date=February 2, 2014|doi-access=free }}</ref> or the [[American Dream]].<ref>{{cite news |last=Scully |first=M.S. |title=Pittsburgh #2: Top 10 cities to achieve the American Dream |newspaper=[[Pittsburgh Tribune-Review]] |date=January 24, 2014 |url=http://blog.triblive.com/thisjustin/2014/01/24/pittsburgh-2-top-10-cities-to-achieve-the-american-dream/#axzz2rbykQv6y |access-date=January 27, 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140127093735/http://blog.triblive.com/thisjustin/2014/01/24/pittsburgh-2-top-10-cities-to-achieve-the-american-dream/#axzz2rbykQv6y |archive-date=January 27, 2014 }}</ref> Reflecting the citywide shift from industry to technology, former factories have been renovated as modern office space. Google has research and technology offices in a refurbished 1918–1998 [[Nabisco]] factory, a complex known as [[Bakery Square]].<ref>{{cite web |url=http://bakery-square.com/ |title=Bakery Square at Eastside, Pittsburgh :: Commercial, Residential Hotel Development |publisher=Walnut Capital and RCG Longview Fund |access-date=December 8, 2010}}</ref> Some of the factory's original equipment, such as a large dough mixer, were left standing in homage to the site's industrial roots.<ref>{{cite web |url=http://googleblog.blogspot.com/2010/12/its-beautiful-day-in-this-neighborhood.html |title=It's a beautiful day in this neighborhood: growing in Pittsburgh |last=Moore |first=Andrew |date=December 8, 2010 |work=The Official Google Blog |access-date=December 8, 2010}}</ref> Pittsburgh's transition from its [[industrial heritage]] has earned it praise as "the poster child for managing industrial transition".<ref>{{cite news |url=http://www.pittsburghlive.com/x/pittsburghtrib/business/s_739819.html |title=Irish view Pittsburgh's comeback as their pot of gold |last=Erdley |first=Debra |work=[[Pittsburgh Tribune-Review]] |access-date=June 3, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110604181118/http://www.pittsburghlive.com/x/pittsburghtrib/business/s_739819.html|archive-date=June 4, 2011 }}</ref> Other major cities in the northeast and mid-west have increasingly borrowed from Pittsburgh's [[Conceptual model|model]] in order to renew their industries and economic base.<ref>{{cite news |url=https://www.baltimoresun.com/opinion/op-ed/bs-ed-foster-pittsburgh-20130221-column.html |title=What Steel City can teach Charm City |work=[[The Baltimore Sun]] |date=February 21, 2013 |access-date = July 17, 2013 |first=Lionel |last=Foster}}</ref> The largest employer in the city is the [[University of Pittsburgh Medical Center]], with 48,000 employees. All hospitals, outpatient clinics, and doctor's office positions combine for 116,000 jobs, approximately 10% of the jobs in the region. An analyst recently observed of the city's medical sector: "That's both more jobs and a higher share of the region's total employment than the steel industry represented in the 1970s."<ref>{{cite web |url=http://pittsburghfuture.blogspot.com/2010/12/thank-seniors-for-helping-us-get.html |title=Pittsburgh's Future: Thank Seniors for Helping Us Get Through the Recession |last=Miller |first=Harold D. |date=December 5, 2010 |work=Pittsburgh's Future: Making Southwestern Pennsylvania One of the World's Greatest Regions|access-date=December 8, 2010}}</ref> {| class="toc" style="float:right; font-size:90%; text-align:center; margin:1em;" |- | colspan="6" style="background:#afa;"|'''Top publicly traded companies<br />in the Pittsburgh region for 2022'''<br />(ranked by revenues)<br />''with metropolitan and U.S. ranks'' |- style="background:#ccc;" || '''Metro'''|||| style="background:#ccc;"|'''corporation'''|||| style="background:#ccc;"|'''US''' | |- |1|||| style="background:#afa;"|[[Kraft Heinz|The Kraft Heinz Company]]|| ||139 | |- |2|||| style="background:#afa;" |[[U.S. Steel]]|| ||172 | |- |3|||| style="background:#afa;" |[[PNC Financial Services]]|| ||178 | |- |4|||| style="background:#afa;" |[[Viatris]]|| ||204 | |- |5|||| style="background:#afa;" |[[PPG Industries]]|| ||218 | |- |6|||| style="background:#afa;" |[[Dick's Sporting Goods]]|| ||307 | |- |7|||| style="background:#afa;" |[[Alcoa]]|| ||312 | |- |8|||| style="background:#afa;" |[[WESCO International]]|| ||357 | |- |9|||| style="background:#afa;" |[[Wabtec]]|| ||439 | |- |10|||| style="background:#afa;" |[[Arconic]]|| ||452 | |- | colspan="6" | |} Education is a major economic driver in the region. The largest single employer in education is the [[University of Pittsburgh]], with 10,700 employees.<ref>{{cite web |title=Top Private Employers |work=Pittsburgh Regional Alliance |url=http://www.alleghenyconference.org/public/cfm/d_and_d/index.cfm? |access-date=April 14, 2007 |archive-url = https://web.archive.org/web/20061010050140/http://www.alleghenyconference.org/public/cfm/d_and_d/index.cfm |archive-date = October 10, 2006}}</ref> Ten [[Fortune 500]] companies call the Pittsburgh area home.<ref>{{Cite web |last=Hronec |first=Jordan |date=May 23, 2022 |url=https://www.bizjournals.com/pittsburgh/news/2022/05/23/2022-fortune-500-pittsburgh-company-rankings.html?ana=wpxi |title=2022 Fortune 500: Pittsburgh rankings see new top performer |access-date=June 11, 2022 |website=Pittsburgh Business Times}}</ref> They are (in alphabetical order): [[Alcoa|Alcoa Corporation]] (NYSE: AA), [[Arconic|Arconic Corporation]] (NYSE: ARNC), [[Dick's Sporting Goods]] (NYSE: DKS), [[Kraft Heinz|The Kraft Heinz Company]] (NASDAQ: KHC), [[PNC Financial Services]] (NYSE: PNC), [[PPG Industries]] (NYSE: PPG), [[U.S. Steel|U.S. Steel Corporation]] (NYSE: X), [[Viatris]] (NASDAQ: VRTS), [[Wabtec|Wabtec Corporation]] (NYSE: WAB), and [[WESCO International]] (WYSE: WCC).<ref>{{Cite web |date=May 24, 2022 |title=2022 Fortune 500: Pittsburgh rankings see new top performer |url=https://www.wpxi.com/news/business/2022-fortune-500-pittsburgh-rankings-see-new-top-performer/XZWVTQC3WJDJZGCBKKH5HMPEBA/ |access-date=June 11, 2022 |website=WPXI |language=en}}</ref> The region is home to [[Aurora Innovation|Aurora]], [[Allegheny Technologies]], [[American Eagle Outfitters]], [[Duolingo]], [[EQT Corporation]], [[CONSOL Energy]], [[Howmet Aerospace]], [[Kennametal]] and [[II-VI Incorporated|II-VI]] headquarters. Other major employers include [[BNY Mellon]], [[GlaxoSmithKline]], [[Thermo Fisher Scientific]], and [[Lanxess]]. The Northeast U.S. regional headquarters for [[Chevron Corporation]], [[Nova Chemicals]], [[Deloitte Touche Tohmatsu]], [[FedEx Ground]], [[Ariba]], and the [[RAND Corporation]] call the area home. [[84 Lumber]], [[Giant Eagle]], [[Highmark]], [[Rue 21]], [[General Nutrition Center]] (GNC), CNX Gas (CXG), and [[Genco Supply Chain Solutions]] are major non-public companies headquartered in the region. The global impact of Pittsburgh technology and business was recently demonstrated in several key components of the [[Boeing 787 Dreamliner]] being manufactured and supplied by area companies.<ref>Chatsko, Maxx. (February 6, 2013) [http://www.fool.com/investing/general/2013/02/06/will-the-dreamliner-ground-pittsburghs-economy.aspx Will the Dreamliner Ground Pittsburgh's Economy? (AA, ATI, BA, PPG, RTI)]. Fool.com. Retrieved on July 17, 2013.</ref> Area retail is anchored by over 35 [[Pittsburgh shopping malls|shopping malls]] and a healthy downtown retail sector, as well as boutique shops along [[Walnut Street (Pittsburgh)|Walnut Street]], in [[Squirrel Hill (Pittsburgh)|Squirrel Hill]], [[Lawrenceville (Pittsburgh)|Lawrenceville]] and [[Station Square]]. The nonprofit arts and cultural industry in Allegheny County generates $341 million in economic activity that supports over 10,000 full-time equivalent jobs with nearly $34 million in local and state taxes raised.<ref>{{cite web |url=http://www.pittsburghartscouncil.org/resources/research/economic-impact-studies/282-economic-impact-studies |title=Arts & Economic Prosperity III – Greater Pittsburgh Arts Council |author=Administrator|access-date=June 11, 2015|archive-date=September 24, 2015|archive-url=https://web.archive.org/web/20150924073640/http://www.pittsburghartscouncil.org/resources/research/economic-impact-studies/282-economic-impact-studies|url-status=dead}}</ref> A leader in [[Leadership in Energy and Environmental Design|environmental design]], the city is home to 60 total and 10 of the world's first [[green building]]s while billions have been invested in the area's [[Marcellus Formation#Economic impact|Marcellus]] natural gas fields.<ref name="GrEn">{{Pittsburgh GreenEnergy}}</ref> A renaissance of Pittsburgh's 116-year-old film industry—that boasts the world's first [[Nickelodeon (movie theater)|movie theater]]—has grown from the long-running [[Three Rivers Film Festival]] to an influx of [[List of television shows shot in Pittsburgh|major television]] and [[List of films shot in Pittsburgh|movie productions]]. including [[Disney Research|Disney]] and [[Paramount Pictures|Paramount]] offices with the largest sound stage outside Los Angeles and New York City.<ref name="Film">{{Pittsburgh Film}}</ref> Pittsburgh has hosted many conventions, including [[INPEX (invention show)|INPEX]], the world's largest invention trade show, since 1984;<ref>{{cite news |title=Invention convention INPEX gathers in Pittsburgh |url=http://www.post-gazette.com/local/city/2013/06/19/Invention-convention-INPEX-gathers-in-Pittsburgh/stories/2013061902140000000 |work=Pittsburgh Post-Gazette|access-date=January 10, 2014 |first=Kaitlynn |last=Riely}}</ref> [[Tekko (convention)|Tekko]], a four-day anime convention, since 2003; [[Anthrocon]], a furry convention, since 2006; and the [[Developing Unconventional Gas|DUG East]] energy trade show since 2009.
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Pittsburgh
(section)
Add topic