(PITTSBURGH) Nov. 30, 2012 Mayor Luke Ravenstahl today announced that the Brookings Institution has recognized Pittsburgh as one of only three U.S. cities seeing economic recovery based on employment levels and gross domestic product. Ravenstahl cited a growing eds, meds and energy economy, combined with Third Renaissance momentum in City neighborhoods as catalysts for economic growth.
“Pittsburgh has turned the corner and is the national example of how to grow jobs and innovate, despite a challenging national economy,” Ravenstahl said. “Currently, there are more people employed in Pittsburgh than ever before and for the first time in decades our population is growing. But there is still much more work to be done to ensure that Pittsburgh grows even more jobs and remains America’s ‘most livable’ city for years to come.”
Pittsburgh’s impressive economic growth is another indication that Pittsburgh has fully recovered from the recession, according to Brookings Institution, noting that a full recovery includes an economy that has "returned to its long-term pre-recession rates of economic growth."
“While we are extremely excited that the world keeps recognizing our economic successes, we must not view this as another pat on the back, but as a challenge to keep improving,” Ravenstahl said. “Through partnerships that nurture innovation and job growth, and balanced budgets that hold the line on taxes and invest in programs to keep our neighborhoods safe and clean, we will continue to work together to make sure that Pittsburgh stays on top for years to come.”
According to the report, only three U.S. metropolitan areas have fully recovered from the economic recession: Pittsburgh, PA; Knoxville, Tenn.; and Dallas, Texas.
Friday, November 30, 2012
Office of Mayor Luke Ravenstahl
512 City County Building | 414 Grant Street
Pittsburgh, PA 15219
telephone: 412-255-2626 | facsimile: 412-255-2687