ridc olympics

In the News

November 9, 2022

Pittsburgh’s Recent Federal Funding and VC and Private-Equity Tech Investment

The Southwestern Pennsylvania region is moving forward with tangible activities to help the autonomous technology sector grow and create jobs: $62.7 million in federal funding will help Pittsburgh grow its autonomy sector.

And in this year’s third quarter, venture capital investment in Pittsburgh’s tech sector totaled $171.96 million across 19 local firms: Pittsburgh bucks national trend of downturn in VC and private-equity tech investment.

These two articles, written by RIDC to promote the Pittsburgh region, appeared in the Puget Sound Business Journal this month, as well as in the Boston Business Journal and Austin Business Journal.