Tag Archives: Pittsburgh

Innovation Networks and Economic Growth

Here at Fourth Economy, we’re always looking for opportunities to identify and build upon local assets. This often takes the form of bringing together various stakeholders to advance specific technologies and sectors. We’re currently working on building more robust sectors …

Comeback Kids

  Admittedly it is awkward to boast about the economic recovery that is occurring in much of the Rust Belt.  In our own neck of the woods, Akron, Cleveland, Pittsburgh and Youngstown have all experienced strong recoveries.  According to Brookings Youngstown …

Collaboration, Underutilized Assets, and Entrepreneurship in Pittsburgh

  Last month I attended a discussion in Pittsburgh hosted by GTECH Social Capital Council around the issue of innovation in the reuse of underutilized assets. The event brought together a cross-section of interested participants, including lawyers, entrepreneurs, community and …

Revitalization on the Riverfront

  When Fourth Economy opened its office at the Riverside Center for Innovation, one of the benefits we received was access to the revitalized riverfront on the North Shore of the Allegheny.  The Riverlife Task Force invested $112 million in …

Numbers Behind the News: 1,052!

  1,052 is not a magic number but it is a very good number.  This number represents the average annual gain in young people (20-34 years) in the City of Pittsburgh from 2000 to 2010.  This is a remarkable turn …

Using Young Professionals as Regional Bait

The following article is a post from our guest blogger, Abe Taleb, co-founder of re|work. This past Labor Day weekend I had the pleasure of visiting Zurich, Switzerland to attend the One Young World Summit. The One Young World Summit (OYW) is …

365 Days (and counting) of Building Better Communities

365 days can fly by when you do something you really enjoy.  Last year, on September 1, we launched Fourth Economy Consulting – so today is our birthday!  Of course the idea and planning a new company occurred many months …

Case Study: A Match Made in Energy

As one of the managing partner organizations of the Energy Alliance, Innovation Works realized a pattern of disconnect between professionals across the greater Pittsburgh region’s energy sector and sub sectors. Since collaboration is vital to ensuring the success of the regional energy sector, this trend was worrisome. . Innovation Works needed to connect the dots among energy professionals, while measuring the successes of these connections to ensure future funding and support of the Energy Alliance.

Tale of Two Cities

I am a big fan of cities, both large and small.  My wife and I made it a point to live within the city limits of Pittsburgh.  We find them to be vibrant and interesting places.  Their diversity and urban …

Regional Innovation Clusters: The TechBelt Initiative (a best practice)

If you work in economic development or are in a business that thrives on innovation you have probably heard about regional innovation clusters or some version of the theme. With the White House promoting Startup America with a focus innovation and entrepreneurship from coast to Cleveland and looking to regions as partners you soon may have a regional innovation cluster map drawn over your workplace.

The core model of economic clusters is not new but the approach has evolved over the years. For a unique approach and a best practice I recommend the TechBelt Initiative. TechBelt has been linking economic development activities in the Cleveland, Youngstown and Pittsburgh corridor for several years now.