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Pittsburgh (Pennsylvania)

Encyclopedia—Pittsburgh

Economy

Pittsburgh's access to large reserves of raw materials, especially coal, was instrumental to the emergence of the “Steel City” as a leading industrial center in the late 19th cent. Industries include transportation equipment; metal, wood, plastic, paper, and glass products; printing and publishing; oil refining; textiles; chemicals; and computers. After the mid-1970s, as the number of those employed in the steel industry declined, the city's economic base underwent a dramatic shift from manufacturing to service industries and commercial enterprises. Once a major center for corporate headquarters, many departed in the 1990s, a period, however, that saw the growth of high-technology companies.

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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

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Related content from HighBeam Research on: Pittsburgh: Economy

Launch Pad: 250th-anniversary effort aims to boost Pittsburgh economy. (PR Week (US))

To bolster economy, Pittsburgh plans bond issue to capitalize loan fund. (Issuer Profile) (The Bond Buyer)

-Abandoned Pittsburgh-London route vital to Pittsburgh economy claims US Airways. (Airline Industry Information)

Pittsburgh-area retailer grows despite tough economy; Q & A Dealer Speaks: Rob Cochran; Cochran Automotive.(Interview) (Automotive News)

Economically speaking, the sky is falling: three economists agree the U.S. economy needs some tough love.(PITTSBURGH '06 FISCAL PANELISTS)(Stuart Butler, Isabel Sawhill and David Walker)(Discussion) (The Masthead)

Standard & Poor's, Fitch cut Pittsburgh rating, citing large budget deficits, slipping economy. (Fitch Investors Service) (The Bond Buyer)

Independent bets software overhaul will help restore it to its former glory: in the tough Pittsburgh market, veteran independent Bev-O-Matic tries to prove a medium-size operator can make it in today's economy. (Operation Profile). (Automatic Merchandiser)

PNC Financial flying high in Pittsburgh despite status as steel city's underdog; holding company performing well in battered local economy. (American Banker)

Pittsburgh puts a new face forward in order to prosper.(Market Focus: Pittsburgh)(economic condition of Pittsburgh) (Mass Market Retailers)

2001 PITTSBURGH PACESETTERS (Smart Business Pittsburgh)

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