Development
Development
Developing projects that spark transformational change requires combining the community service orientation of a nonprofit entity with the entrepreneurial approach of a private sector business. As a private entity, RIDC functions much like other private developers, but as a nonprofit, it is mission driven as well as market driven. We partner with community leaders and institutions to ensure investment decisions are providing the benefits the community needs and because of our large portfolio and strong balance sheet, we can take a longer-term view of success.
To sum it up, RIDC takes on projects commercial developers wouldn’t and creates a market for that property. Success is always defined by the number of jobs and economic impact that have been created, rather on quick turnarounds and profits.
RIDC Projects Bring Transformational Improvement
Revitalizing obsolete industrial sites, once bustling with life, into new centers of economic activity, bringing jobs and tax revenue back to their communities.
Lawrenceville Technology Center
Keystone Commons
Westmoreland Innovation Center
Transformational Improvement
The tangible impact RIDC has on people and places around our region is accelerating as projects attract new and expanding business and future projects begin to take shape. Having led the development of 29 past and current projects, RIDC’s current property portfolio includes nearly 8 million square feet at 15 locations.
RIDC Mill 19
Transformational Improvements
Partnerships
RIDC partners with communities, elected officials, and local economic development organizations to create transformative projects that attract businesses and job. Examples include our partnership with PennDOT, the PA Turnpike Commission, and Carnegie Mellon’s Safety 21 on PennSTART, a shared test track. The Westmoreland Industrial Development Corporation partners with RIDC on the New Kensington Advanced Manufacturing Park and the Westmoreland Innovation Center near New Stanton. RIDC is also partnering with Armstrong County Industrial Development to build momentum for the RIDC Armstrong Innovation Park and just concluded a successful partnership with the Pittsburgh Urban Redevelopment Authority after building, leasing, and selling a building and adjacent land in Fairywood.
RIDC O'Hara Industrial Park
Economic Impact
Economic Impact
RIDC projects have produced hundreds of millions of dollars in tax revenue and are home to thousands of high-quality jobs.
Total Number of Jobs Supported
Capital Investment
New Financing
Real Estate Taxes Paid
Our Partners
Creating partnerships with communities and diverse groups of stakeholders, working together toward long-term, achievable, transformative objectives.
Pennsylvania Industrial Development Authority
Department of Community and Economic Development
City of Pittsburgh
PA Work Smart. Live Happy.
Office of the Budget
Governor's Action Team
Department of Environmental Protection
Urban Redevelopment Authority of Pittsburgh
Community Development Corporation of Butler County
Westmoreland County Industrial Development Corporation
Allegheny County Economic Development
Lawrence County Economic Development Corporation
Fay-Penn Economic Development Council
Economic Growth Connection of Westmoreland
Indiana County Center for Economic Operations
Armstrong County Industrial Development Council
Beaver County Corporation for Economic Development
Greene County Industrial Developments
Penndot
Redevelopment Authority of Duquesne
Washington County Chamber of Commerce
RIDC's Impact
Whether the challenge is connecting our region’s past to its future, or the right team to the right project. Our team rises to the occasion.