October 25, 2024 - Pittsburgh, PA
Governor Josh Shapiro, Lieutenant Governor Austin Davis, and Department of Community and Economic Development (DCED) Secretary Rick Siger assembled elected officials, corporate leaders, private developers, organized labor, nonprofits, and artists from Pittsburgh to announce a major collective effort to improve Downtown Pittsburgh and revitalize the neighborhood as a thriving center for economic growth, culture, and industry. The Governor announced that nearly $600 million has already been committed toward specific, shovel-ready projects as part of the initial phase of this plan – all of those projects are scheduled to be completed by the end of 2028. As part of this effort, the Shapiro Administration is investing $62.6 million and the City of Pittsburgh is committing $22.1 million through the Urban Redevelopment Authority. A broad coalition of private sector leaders and regional foundations have committed more than $40 million — and counting — in additional funding for this plan, including partners like BNY; Dollar Bank; Duquesne Light Company; Federated Hermes; FNB Bank; Giant Eagle; Highmark; Pitt Ohio; PNC Bank; PPG Industries; Reed Smith; Buchanan Ingersoll & Rooney PC; K&L Gates; the Buhl Foundation; the Eden Hall Foundation; the Heinz Endowments; the Hillman Foundation; the Jewish Healthcare Foundation; the Pittsburgh Steelers; the Pittsburgh Pirates; and the Pittsburgh Penguins. Those public and nonprofit dollars will help spur an additional $376.9 million in private sector investment from real estate developers Downtown. Speakers Include: Governor Josh Shapiro Lieutenant Governor Austin Davis DCED Secretary Rick Siger Emmai Alaquiva, Vice Chair of Pennsylvania Council on the Arts Allegheny County Executive Sara Innamorato Mayor Ed Gainey Senator Jay Costa Representative Aerion Abney David Holmberg, CEO of Highmark Health Shawn Fox, President of Oxford Development Company Greg Bernarding, Business Manager, Pittsburgh Regional Building Trades Council Susheela Nemani-Stanger, Executive Director, Urban Redevelopment Authority of Pittsburgh