The Economist–The revival of Pittsburgh: Lessons for the G20

Leaders from the world’s 19 largest economies plus the European Union will be in Pittsburgh on September 24th and 25th. When the White House press corps heard the G20 was to be hosted by Pittsburgh, many sniggered. Usually such meetings are held in capitals like Beijing or London, not rustbelt cities. But, as Barack Obama said on September 8th, Pittsburgh has “transformed itself from the city of steel to a centre for high-tech innovation””including green technology, education and training, and research and development.”

Today, its main industries, health care and education, are thriving. Pittsburgh’s health-services business has almost tripled in size since 1979, creating more than 100,000 jobs. More than 70,000 work in research and development in the metro area’s 35 universities (Jonas Salk produced the polio vaccine at the University of Pittsburgh in 1955) and 100 corporate research centres, such as that of Bayer usa, a pharmaceuticals company. Greg Babe, its head, says six jobs rely on one Bayer job.

Pittsburgh has changed itself physically too. The waterfront, once lined with factories, has been given over to parks. The building hosting the G20 is the world’s first and largest LEED-certified (meaning green) convention centre and sits on the city’s former red-light district. Pittsburgh Life Sciences Greenhouse, which provides investment and advice to the region’s bioscience firms, is housed on a redeveloped brownfield, the former site of a strip-mill. SouthSide Works is a 123-acre (50-hectare) development made up of shops, offices, hotels and apartments that sits on the former site of an LTV Steel plant. Manufacturing continues to employ 8% of the workforce and the city is still home to US Steel. It is also a centre for innovation in robotics, electronics and nanotechnology.

Read the whole thing.

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