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.
Revitalizing obsolete industrial sites, once bustling with life, into new centers of economic activity, bringing jobs and tax revenue back to their communities.
The tangible impact RIDC has on people and places around our region is accelerating as new 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.
RIDC was founded in the mid-1950s when Pittsburgh’s business and civic leadership were concerned that the region did not have the space to attract companies contributing to the nation’s light industrial boom. With heavy manufacturing taking up much of the available space in the region’s center and along the rivers, the newly formed RIDC looked to the suburbs to find space for new businesses.
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
Real Estate Taxes Paid
Creating partnerships with communities and diverse groups of stakeholders, working together toward long-term, achievable, transformative objectives.
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.