For the first time in the Pittsburgh Regional Alliance’s 11 years of compiling data for its Annual Business Investment Scorecard, information technology ranked as the most active sector, surpassing manufacturing, with 59 deals (up 20 from 2016), an estimated $212 million in investments and 1,872 new jobs. And 30 percent of those deals were in robotics companies. The scorecard is based upon analysis of company announcements regarding technology advancements and real estate changes.
Within the autonomous vehicle sector alone, Argo AI expanded its headquarters in the Strip District and received $30 million in funding in 2017. Uber grew its Advanced Technologies Center in the Strip District and pulled in $15 million in investments. And Aptiv hired for 100 new jobs.