Economic Driver

As an economic driver, Pitt multiplies the volume of business activity in the Commonwealth. 

Pitt powers economic activity in Pennsylvania. The University, our faculty, staff, students, and visitors spend a combined $1.7 billion on businesses in Pennsylvania. These businesses and the people they employ go on to spend a further $2.5 billion within the Commonwealth, expanding Pitt’s economic impact beyond the realms of education and research into the everyday lives of millions of Pennsylvanians.

As a purchaser, employer, and economic driver, Pitt strengthens the local and state tax base.

The Community Power to Prosper program was eye opening. Each component was necessary for business growth.

Emmett Wilson, Owner, Golden Triangle Distributors

Economic Driver Chart

 

Spurring new development projects in the city of Pittsburgh

Pitt is transforming a century-old building into a hub for research, innovation, and entrepreneurship through a partnership with UPMC. The space will house the UPMC Immune Transplant and Therapy Center, a bold effort to discover breakthroughs in immunotherapy, cancer treatment, and organ transplantation. It will feature world-class space for labs, offices, startup companies, and industry partners.

 

Participants gather as part of Pitt’s Community Power to Prosper Program

Entrepreneurial excellence, neighborhood by neighborhood

Pitt’s Community Power to Prosper Program is a six-month business education program that helps small business owners in under-served neighborhoods develop plans for their long-term growth and success.

The results speak for themselves: 49 African-American business owners and 48 women business owners have graduated from the program to date, propelling 72 small businesses to the next level.