Tag Archives: RIDC

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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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Geek Wire Highlights AC Client RIDC’s Support for Growing Pittsburgh Robotics Industry

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AC client RIDC’s support of the growing robotics industry in Pittsburgh was highlighted in Geek Wire article: Our robot neighbors: Hanging out with the mechanical inhabitants of ‘Robotics Row’.

“The rise of Robotics Row is as much about real estate as it is tech. A lot of these companies need big open spaces for research, development and testing. Pittsburgh’s stock of old mills and factories provide ample opportunities for these companies to find the space they need…

The Regional Industrial Development Corp. had a lot to do with that. RIDC is a 63-year-old company that develops manufacturing, industrial and research and development space throughout the area…[They] have saved and reused countless old buildings, even though doing that can be more expensive and difficult. Companies want those big open spaces for R&D, and keeping past structures guarantees that at least some remnant of Pittsburgh history remains even as the city remakes itself yet again.”

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