Tag Archives: RIDC

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Pittsburgh Business Times: An Agenda for Growing Pittsburgh’s Innovation Economy

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President of AC Client RIDC writes considerations for growing and supporting Pittsburgh’s innovation economy in a viewpoint piece published by Pittsburgh Business Times: An agenda for growing Pittsburgh’s innovation economy.

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TEQ Magazine: Building A Robotics Future In Pittsburgh

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In the June issue of the Pittsburgh Technology Council’s TEQ Magazine, the president of AC client RIDC takes a look at the burgeoning robotics industry in the city from a commercial real estate perspective. The article can be viewed on page 23 of the digital reader: https://indd.adobe.com/view/b05fb11f-fd2b-454e-889a-055c914a5606.

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Pittsburgh Business Times: “RIDC Partners With PIDA In Providing Financing”

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AC client, Pittsburgh-based Regional Industrial Development Corporation (RIDC), announced that it is partnering with the Pennsylvania Industrial Development Authority (PIDA) to market an expanded offering of PIDA’s programs of low-interest loans and lines of credit for businesses. By offering a wider range of PIDA assistance, a larger number of Pennsylvania businesses can commit to creating and retaining full-time jobs within the commonwealth.

This news was published in the Pittsburgh Business Times article RIDC partners with PIDA in providing financing.

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Pittsburgh Business Times Client Viewpoint: “Incentives make sense when this happens”

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Some thoughtful insights on incentives for business by the head of RIDC, an AC client.

“As the competition for Amazon has gotten more serious, some critics have taken aim at the incentives being offered by regions to attract this marquis company and the 50,000 jobs and potentially billions of dollars in benefits it represents.

I don’t have any first-hand knowledge of what our region is offering, but there’s a larger point, which is that this discussion takes place among economic development officials and policymakers on a regular basis, and not only in connection with Amazon. What would it be worth, for example, to attract a company to the Pittsburgh region that planned to create 5,000 jobs – or 1,000? When does an incentive persuade a company to locate somewhere where they otherwise would not have? How can we be sure an incentive is proportionate to the benefit the company provides to the region?”

To read the article in full: Viewpoint: Incentives make sense when this happens.

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