Gov. Edward G. Rendell recently announced his support for 12 projects throughout the county that will generate almost half a billion dollars in total investment and create or retain about 6,750 jobs. Rendell noted that Pittsburgh has received a lot of attention for its revitalization efforts during the last six years.
“Pennsylvania has not been immune to the challenges of the national recession, but here in Allegheny County, we’re seeing a solid return on our investments in projects that create jobs and improve the quality of life,” Rendell said in a press release. “We’ve invested in this region and reinvigorated downtown Pittsburgh by building on our strengths—our workforce, some of the world’s best universities, and our talents in the creative economy.
“Now, Pittsburgh and the surrounding area have proven that investments made in cities can benefit entire regions,” Rendell continued. “Recently, Pittsburgh was called a ‘model’ for other cities and been rated the nation’s 10th most livable city by Fortune Magazine.”
The State of Pennsylvania has invested more than $1.8 billion in Allegheny County since 2003. The area currently has an unemployment rate of 7.6 percent, lower than the national unemployment rate of 8.5 percent.
The new projects will receive $27 million through the state’s Redevelopment Assistance Capital Program, which will generate $476.8 million in total investment.
The projects include:
“These investments will put people to work in the next few months creating construction jobs, filling orders for steel and concrete, improving roads and making communities safer for pedestrians, and putting engineers to work designing these projects,”Rendell said. “And once they’re completed, we’ll have new homes for families, new centers of commerce, more vibrant communities and cultural attractions that will enrich our neighborhoods and improve the quality of life in the region.”