Pittsburgh
Economy

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, and in 2010 there were 1,600 technology companies. A National Bureau of Economic Research 2014 report named Pittsburgh the second-best U.S. city for intergenerational economic mobility or the American Dream. 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. Some of the factory's original equipment, such as a large dough mixer, were left standing in homage to the site's industrial roots. Pittsburgh's transition from its industrial heritage has earned it praise as "the poster child for managing industrial transition". Other major cities in the northeast and mid-west have increasingly borrowed from Pittsburgh's model in order to renew their industries and economic base.

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."

Education is a major economic driver in the region. The largest single employer in education is the University of Pittsburgh, with 10,700 employees.

Ten Fortune 500 companies call the Pittsburgh area home. They are (in alphabetical order): Alcoa Corporation (NYSE: AA), Arconic Corporation (NYSE: ARNC), Dick's Sporting Goods (NYSE: DKS), The Kraft Heinz Company (NASDAQ: KHC), PNC Financial Services (NYSE: PNC), PPG Industries (NYSE: PPG), U.S. Steel Corporation (NYSE: X), Viatris (NASDAQ: VRTS), Wabtec Corporation (NYSE: WAB), and WESCO International (WYSE: WCC).

The region is home to Aurora, Allegheny Technologies, American Eagle Outfitters, Duolingo, EQT Corporation, CONSOL Energy, Howmet Aerospace, Kennametal and 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. Area retail is anchored by over 35 shopping malls and a healthy downtown retail sector, as well as boutique shops along Walnut Street, in Squirrel Hill, 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.

A leader in environmental design, the city is home to 60 total and 10 of the world's first green buildings while billions have been invested in the area's Marcellus natural gas fields. A renaissance of Pittsburgh's 116-year-old film industry—that boasts the world's first movie theater —has grown from the long-running Three Rivers Film Festival to an influx of major television and movie productions. including Disney and Paramount offices with the largest sound stage outside Los Angeles and New York City.

Pittsburgh has hosted many conventions, including INPEX, the world's largest invention trade show, since 1984; Tekko, a four-day anime convention, since 2003; Anthrocon, a furry convention, since 2006; and the DUG East energy trade show since 2009.

In 2015, Pittsburgh was listed among the "eleven most livable cities in the world" by Metropolis magazine. The Economist ' s Global Liveability Ranking placed Pittsburgh as the most or second-most livable city in the United States in 2005, 2009, 2011, 2012, 2014, and 2018.
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