BUILDING AN ECONOMY: AMELIORATING INCOME INEQUALITY 1 The City of Pittsburgh: a transformation of a WWII era hub for steel and manufacturing to a global innovation city William Generett, Jr., J.D. -Vice President of Community Engagement, Duquesne University
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BUILDING AN ECONOMY: AMELIORATING INCOME INEQUALITY · DISPARITIES - A TALE OF TWO CITIES • 33% of African Americans in Pittsburgh live in poverty • 15% o Wf hite ,non-Hispanics
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BUILDING AN ECONOMY: AMELIORATING INCOME INEQUALITY
1
The City of Pittsburgh: a transformation of a WWII era hub for steel and manufacturing to a
global innovation city
William Generett, Jr., J.D. -Vice President of Community Engagement, Duquesne University
THE PITTSBURGH EXAMPLE: AN ECONOMY DRIVEN BY “INCLUSIVE INNOVATION”
• Presentation will discuss:• New technology role in transforming region’s economy
• Example: International leader in AI platforms, such as autonomous vehicles
• Issues of equity in new economy
• Efforts to connect new economy with local communities
• Challenges and unintended consequences presented by new economy
2
BRIEF HISTORY: PITTSBURGH, THE “STEEL CITY”
• Industrial heyday in post World War II America
• Behind only New York City and Chicago in corporate headquarters employment
• By the 1940’s, due to pollution, Pittsburgh was dark all hours
• Peak population of 677,000 in 1950
3
COLLAPSE OF THE MANUFACTURING ECONOMY
• By 1980, 75% of Pittsburgh’s steelmaking capacity vanished
• 130,000 jobs lost, unemployment at 18%
• Population dropped to a low of 296,324 in 2007
• Air pollution was drastically reduced
4
A NEW ECONOMY: ADVANCED INDUSTRY CLUSTERS
• Manufacturing, technology and health care• 1,600 technology firms generating $20.7 billion in annual Pittsburgh payroll
• 2 global leaders in their respective industries: Google, Uber
• 115,000 employees in health care
• Metropolitan area home to 68 colleges and universities
5
A NEW ECONOMY: POST RECESSION SUCCESS
• Advanced industries have grown 8.4% since end of recession
• Double the growth rate of private-sector
• 103,000 jobs in automation and industrial machinery/metals/metal processing
• Post recession job growth in advanced manufacturing reached 11.3%
• Productivity 7% higher in manufacturing industries than national average
6
A NEW ECONOMY: ACADEMIC & RESEARCH STRENGTH
• Metro university R&D ranks 5th among top cities
• Academic research expenditures in medical sciences is 350% higher than national average