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A tech boom in Pittsburgh brings hope and angst

“In 2014, the number of Pittsburgh-area private-sector jobs in the scientific and R&D sectors – excluding academic positions – for the first time exceeded those in iron and steel mills, which were the lifeblood of the economy until their collapse 30 years ago. As of March, 2018, there were 41 percent more jobs in R&D than in the mills, according to the Pennsylvania Center for Workforce Information and Analysis. . . .

“Housing prices in the city are up 36 percent over the last five years, according to ATTOM Data Solutions. But the median home price of $170,00 hardly conjures up the real estate frenzy that swept Silicon Valley. . .

“Peduto, the mayor, said the city is working on programs “to allow people who have lived through the bad times to be a part of the good times.” That includes a $10 million affordable housing fund.”

FULL STORY published October 12, 2018 via Reuters