Capturing the Next Economy: Pittsburgh's Rise as a Global Innovation City

Pittsburgh's innovation economy is strong and growing, but city leaders can do more with its existing assets to compete globally and capitalize on the region's growing innovation clusters. This report examines Pittsburgh's unique opportunity to become a top global destination for tech...

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Bibliographic Details
Published in:Policy File 2017
Main Authors: Andes, Scott, Horowitz, Mitch, Helwig, Ryan T, Katz, Bruce
Format: Report
Language:English
Subjects:
Economic policy
Industry
Information technology
Science/Technology
The Brookings Institution
Online Access:Request full text
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Summary:Pittsburgh's innovation economy is strong and growing, but city leaders can do more with its existing assets to compete globally and capitalize on the region's growing innovation clusters. This report examines Pittsburgh's unique opportunity to become a top global destination for technology-based economic activity and as a key part of Pittsburgh's efforts to become a world-class innovation city. Today, the competitive advantage of the Pittsburgh region is no longer its rivers and raw materials but its high-skilled workers, world-class research institutions, and technology-intense advanced manufacturing. In 2016, the region's per capita university research and development (R&D) spending was nearly two and a half times the national average. While these assets are considerable, they also place Pittsburgh in competition with a number of other innovation cities that are rapidly investing billions in a suite of new technologies and industries poised to reshape the global economy.