Thursday, March 13, 2014

Things Are Looking Up


Things in Pittsburgh have been looking up for quite some time now.  But I note that a few somewhat lightly reported items from around the news sites indicate a nice growth trajectory in the Steel City.

Access roads work continues in the area of the possible Shell cracker plant.  While new heavy industrial facilities in the Pittsburgh area are viewed by many with uneasiness, the economic benefits of this facility are undeniably huge.  And in an age of general corporate and political acceptance of environmental regulations, a state-of-the-art cracker plant should have the best environmental safeguards available.  From a historical perspective, I believe it puts Pittsburgh back into the league of cities not immediately associated with heavy industry but where oil and gas still plays a major role: New York, Los Angeles, Houston, the Bay Area and Philadelphia.  Anything that moves Pittsburgh back to that playing field is good.

Pittsburgh’s food scene is booming.  In the last couple months, Pittsburgh’s food scene has garnered stellar mentions in “Food & Wine” magazine, the New York Times, USA Today, not to mention all the broadcast media coverage for Kevin Sousa’s Superior Motors successful Kickstarter campaign.  For better or for worse, food in America involves public relations, perceptions, media coverage, and a little glitz & glam.  So run with it, Pittsburgh; that’s the way the game is played.  Analogous to the tendency to “hate” Starbucks and “like” local coffee purveyors, if that’s what it takes to develop an appreciation of more sophisticated alternatives, then so be it.  Don’t hate the methods; love the results.  A recognized food “scene” has innumerable side economic benefits as well.

There’s a growing influx of “out of towners”.  Not so much the actual numbers but the quality and diversity of newcomers in areas of commerce and culture where Pittsburgh is attracting out of town names, both corporate and individual, is noticeably growing.  Dynamic places thrive on that: people and companies move in and some move out.  It keeps the ecosystem fresh.  But it’s been a number of decades since Pittsburgh has experienced that and boo yah it’s happening again.  One hurdle to overcome is to grow the number of non-US immigrants [I despise the term “foreigner”] but that aside, the new-arrivals lists is getting much better.  Real estate investors, retail stores, restaurants, hotels, law firms, service firms ancillary to oil and gas extraction, and of primal importance, oil and gas firms themselves, both regional offices and actual headquarters.  While Shell Oil undergoes a corporate realignment that may indefinitely delay spending billions on a cracker plant, the possibility of it putting an Eastern Region office in Pittsburgh is strong.  As is the probability that Chevron will have its regional HQ up and running in a couple years.  [How ironic it would be for the company that took Gulf Oil out of Pittsburgh to come back with net more jobs than it removed.]

All in all, the uptick is there for anyone to see who reads the business, entertainment or lifestyle section of your favorite daily, with more praise for Pittsburgh being a medium size city with TWO general circulation newspapers.  Now all that we need is stronger belief by Pittsburghers themselves that things are looking up and the out of towners will be more willing to invest sensing that local enthusiasm.

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