Pittsburgh
Pittsburgh
Growing Companies Choose Pittsburgh
Pittsburgh’s top-tier talent, affordability, quality of life, accessibility, and key industry clusters make it a valuable fit in the growth playbook of expanding companies. Pittsburgh’s history of innovation plus it’s world-class Universities have given it’s robotics, AI and software firms a leg up.
Amazon
Microsoft
Uber
Argo AI
“I did not have to convince anyone at Unbabel about the value and opportunity of starting a location in Pittsburgh”
—Alon Lavie, VP of Language Technologies at Unbabel.
Leading Tech Companies
are Growing in Pittsburgh
Top Computer Science, AI, ML, Robotics Programs
(Carnegie Mellon/University of Pittsburgh)
Top research investment:
Over $3 Billion in R&D Annually2
Top-Ranked Hospitals
and a leading health-care ecosystem
“One of the most powerful innovation ecosystems in the world.”
—Bruce Katz, Brookings Institution
:Top-tier talent
Pittsburgh’s pool of young, educated professionals is growing. The metro area has the second-most computer science graduates in the country.2
The most diverse tech talent market, according to CBRE.12
#1 Metro for College Graduates
—Trulia + LinkedIn
:Cost
Pittsburgh is world-class and affordable.
Most affordable housing in the US, based on price-to-income ratio.14
Tech has a $12.2B annual economic impact on the Pittsburgh Region.15
Ranked 23rd globally among emerging startup ecosystems.16
#1 most affordable (housing) market both in the U.S. and internationally
—SF Chronicle
:Quality of Life
#2 Most Livable City
—The Economist’s Global Liveability Index 2018
:Connection
Accessible and strategic with a strong physical infrastructure: Pittsburgh is a smart destination for businesses.
Nonstop destinations9
See full list at nsflight.com
74 direct flights with more added every year.
1.5 hours or less to N.Y., Chicago, D.C. and Boston.
PIT: 2017 Airport of the Year
—Air Transport World
:Strategic Sectors
Advanced Manufacturing
- Additive manufacturing
- Electrical equipment
- Industrial machinery
- Precision machining
- Specialty chemistry
- Specialty metals
Energy and Cleantech
- $1B in energy-related R&D funding
- National Energy Technology Lab
- Scott Institute for Energy Innovation
Financial & Business Services
- Corporate support
- Legal services
- Mortgage servicing
- Transaction processing
- Employing 250,000 people at approximately
16,000 firms
Information Technology
- Robotics
- Artificial intelligence
- Cybersecurity
- FinTech
- Machine learning
- Big data
Health Care & Life Sciences
- Medical devices
-
Regenerative medicine
-
Tissue engineering
-
Diagnostics
-
Transplants
- More than $950M spent on academic Life Sciences R&D annually
One of the Most Affordable Places to Live in the U.S.
—U.S. News & World Report
:Growing companies choose Pittsburgh
Pittsburgh’s economy is built on a diverse mix of industries and strategic focus. Recent investment in the region includes:
750+ employees and 320K ft2 engineering office in Larimer
Amazon
125 employee expansion for web services, machine translation and Alexa
Apple
Expanded into 20K ft2 space in the Strip District
Microsoft
Acquired Avere Systems focusing on cloud-based high-performance computing
Aurora
Acquired Uber ATG in December 2020, pushing their valuation to $10B
SAP
Expanding into a new, 122K ft2, five-story facility on North Shore, growing to 850 employees
Philips
Bosch
Motional
Ford
$10.5 Billion invested in Pittsburgh tech over last 10 years.17
$7.2 billion total inbound M&A of Pittsburgh companies 2011-2022.18
More than 350 of the world’s most innovative companies have partnered with Carnegie Mellon.18
Sources
1 2021 Scoring Tech Talent, cbre.us; 2 C2ER, coli.org, Q2 2022; 3 Colliers; 4 Statista, statista.com; 5 Redfin; 6 Zillow.com; 7 St Louis Fed, fred.stlouisfed.org/series/NGMP38300; 8 EY + IW Investment in Pittsburgh’s Technology Sector Report, pub.ey.com/public/2022/2201/2201-3958601/pittsburgh-technology2021/index.html; , includes IPO/SPACs; 9 nsflights.com; 10 myCollegeOptions, mycollegeoptions.org; 11 ACCD Market Research 2021; 12 CBRE, cbre.com/insights/reports/scoring-tech-talent-in-north-america-2021#market-diversity; 13ACCD Market Research, 2018; 14 SF Chronicle, sfchronicle.com/bayarea/article/realestate-affordable-housing-markets-17148926.php; 15 CompTIA; 16 Startup Genome; 17 E&Y/Technical.ly, technical.ly/startups/pittsburgh-tech-investment-report-10-billion-years; 18 Allegheny Conference;
