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Local capital investment created, retained about 16,000 jobs

The $3 billion in capital investment that local companies announced in 2009 will be responsible for retaining or creating about 16,000 jobs, the Pittsburgh Regional Alliance Partnership, an affiliate of the Allegheny Conference on Community Development, announced Wednesday following its annual meeting.

Dennis Yablonsky, CEO of the Allegheny Conference, said there were 197 business expansions, attractions, relocations or retentions in the region associated with the capital investment.

That was down significantly from last year when then conference CEO Michael Langley announced that the region had 290 capital investments in businesses and commercial developments in the 10-county region around Pittsburgh worth $4.5 billion in 2008.

Read more about the report here.

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