Pitt is a financial anchor, fueling local businesses and economies with an impact that extends to every corner of the commonwealth. Below are a few examples of Pitt’s commitment to economic development throughout Pennsylvania.
- 3,800 jobs supported
- 7,600+ client consulting hours
- 1,350 clients served
- $20 million in increased client revenue
Initiatives include:
- The Urban & Community Entrepreneurship Program (UCEP) is committed to advancing entrepreneurship in underserved and moderate-income communities and to help business leaders of today and tomorrow prosper.
- The Community Power to Prosper Program is designed to target established small-business owners who are interested in managing their long-term growth and success. The no-cost program aims to increase revenue, profits and number of employees for small businesses through a valuable six-month business education program.
- The Small Business Development Center (SBDC) strives to grow the economy of western Pennsylvania by providing entrepreneurs with the education, information and tools necessary to build successful businesses. In 2020, the commonwealth asked Pitt to expand its SBDC services to residents in Beaver, Butler and Lawrence counties. The results: $20 million in increased sales, $25 million in capital formation and 10,000 jobs supported and created.
Pitt has made dramatic capital investments across the University. In the last five years, Pitt has spent more than $214 million in capital investments, which has generated an overall economic impact of $391.8 million, supported and sustained 2,504 jobs and produced nearly $1.5 million in state and local taxes.