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URA 2014-2016 Report

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URA 2014-2016 Report 2014-2016 Report The Urban Redevelopment Authority is here for Pittsburgh. Washington’s Landing Pedestrian Bridge URA completed 1999 Photo: Rob Larson In the 412. In the neighborhoods. In the businesses that keep Pittsburgh strong. In the jobs that keep people thriving. Here is investment. Here is technology. Here is leadership. Over the past few years, the We danced in Allentown, sipped coffee OUR BOARD Urban Redevelopment Authority in Homewood, wrote code with children of Pittsburgh continued leading in Oakland, and shot clay hockey pucks transformative growth in at a senior housing site in Carrick. We cut neighborhoods throughout the ribbon to expand manufacturing in the City of Pittsburgh. Under the West End, hiked what will be Pittsburgh’s leadership and vision of Mayor largest park in Hays, listened to poetry in William Peduto, the URA Central Northside, and waited no longer implemented many new initiatives than one minute for a bus in East Liberty’s aimed at creating the “Next Pittsburgh,” – new transit center. These are but a small one that’s more affordable, inclusive, sustainable, handful of the activities and projects competitive, and works for all. the Urban Redevelopment Authority of The Honorable The Honorable Pittsburgh undertook in 2014-2016. Ed Gainey Jim Ferlo Affordable and mixed-income housing remains a top priority so that Pittsburgh can truly become a We have weathered 15 years of steady Vice Chair Treasurer most livable city for all residents. Long-struggling declines in Federal and State resources neighborhoods saw the financial assistance and which are ever so critical to neighborhood resources needed to strengthen and grow. revitalization. Today we face uncertainty and potentially more dramatic The URA’s Center for Innovation and challenges ahead. Entrepreneurship (CIE) partnered with the City to create the new Roadmap for Inclusive However, through partnerships with Innovation with the goal of making innovation the City of Pittsburgh, Allegheny County, and technology work for all of Pittsburgh’s citizens. Pittsburgh Public Schools, other City The CIE’s loan and façade programs, business authorities, philanthropy, business resource fairs, Launchpgh.com, and PGH Lab stakeholders, community organizations, provided the tools and resources small businesses and others, the URA stands ready to The Honorable Cheryl and entrepreneurs needed to achieve success. advance initiatives aimed at making R. Daniel Lavelle Hall-Russell Pittsburgh a more affordable, more Here is the URA. Thanks to the p4 Pittsburgh Summit, brought inclusive, more livable, and more to Pittsburgh by the Mayor and The Heinz competitive city. Endowments, the URA will be equipped with a set of performance measures to guide investment As we reflect on the 70th anniversary decisions, leverage new economic opportunities, of the incorporation of the URA, and ensure equitable development. we continue to evolve and to innovate, and we remain as relevant as ever. The Comprehensive Land Recycling Initiative, with its systems-level reform of all relevant And the world is taking notice. branches of local government to modernize and align policies and processes related to land Robert Rubinstein Robert interaction, will optimize the City’s efforts to Executive Director, URA reclaim distressed properties, eliminate blight, Rubinstein and bring new investment into our communities. Executive Director As we continue to face declining federal and state funding for core development and housing projects, the URA remains competitive by investing locally. Through thoughtful economic development strategies, the URA was instrumental in creating and retaining tens of thousands of jobs, with projects totaling close to $5 billion of investment in our city. The URA will continue to use these best and creative practices to grow jobs and the City’s tax base and champion community-driven development as a vital part of Pittsburgh’s continued transformation. Kevin Acklin Chief of Staff, Office of Mayor William Peduto URA Board Chair URA Total Center for Innovation and Entrepreneurship, Housing, and Economic Development Investments 1/1/2014 - 12/31/2016 NUMBER OF TOTAL JOBS TO BE HOUSING COUNCIL LOANS / URA PROJECT CREATED AND UNITS AFFORDABLE DISTRICT GRANTS INVESTMENT COST RETAINED CREATED UNITS 1 56 $9,216,734 $59,127,899 152 47 36 2 25 $2,356,738 $7,003,493 30 18 16 3 56 $10,293,144 $344,702,642 2,911 286 73 4 22 $4,713,538 $18,515,237 47 81 70 5 55 $101,282,795 $1,200,349,355 4,862 35 32 6 124 $87,782,051 $1,111,297,596 6,571 173 152 7 97 $50,637,520 $603,092,721 1,673 99 73 8 18 $6,156,037 $23,674,338 334 2 1 9 132 $62,014,302 $654,736,032 2,075 328 213 GRAND TOTALS 585 $334,452,859 $4,022,499,313 18,655 1,069 666 “To be truly inclusive, Pittsburgh’s The Center technology boom has to be accessible for all for Innovation & …this plan will enable us to be a model for cities around the country in providing equitable services and opportunities for residents and Entrepreneurship businesses in every neighborhood citywide.” William Peduto Mayor, City of Pittsburgh Innovation CIE Roadmap for Inclusive Innovation Startup and growing small businesses INITIATIVES Pittsburgh has positioned itself to become a are the engine of our economy. Keystone Innovation city of inclusive innovation by providing equal Zone (KIZ) Tax Credits access to products and services through new technology, ideas, personnel, and inventions. This sector creates the vast majority Between 2014-2016, Pittsburgh Central KIZ provided 55 companies with more than $3 million in tax credits. Greater Oakland new partners committed websites developed of new jobs across every industry, to promoting inclusive to publish, update, and KIZ awarded 39 companies more than 34 9 innovation promote new initiatives $2 million in tax credits. and resources in across every geography Pittsburgh PGH Lab free and accessible 60+ innovation events for in the nation. The 2016 launch of PGH Lab marked the citizens to engage beginning of a public-private partnership with the city, roadmap actions on-track The URA is committed to supporting the between the city government and local partners, resources, or complete and services 60 next generation of creators, thinkers, startup companies with the potential to make social, economic, and environmental impacts innovators, and inventors to foster new in Pittsburgh. collaborative initiatives people connected entrepreneurship and support business 17 comprised of diverse civic 70K+ with the city online LaunchPGH and business leaders expansion in Pittsburgh. addressing one or multiple LaunchPGH.com connects entrepreneurs Roadmap for Inclusive Through the CIE, the URA administers with business resources, workshops, Innovation focus areas and supports a variety of tools to achieve office space, competitions, and events. Between 2014-2016, the number of sessions this mission: grew from 8,249 to 14,362. Small Business Resource Fairs (SBRF) • Access to capital Steel City Codefest These fairs provide ongoing opportunities From 2014-2016, Steel City Codefest • Support of Pittsburgh’s entrepreneurial ecosystem for new entrepreneurs to find resources attracted 200+ participants, resulted in to start and grow their businesses. several successful apps, expanded to include • Roadmap for Inclusive Innovation From 2014-2016, there were Codefest Jr., and became a weeklong event 25 Small Business Resource Fairs • Business expansion and attraction: in conjunction with Inclusive Innovation Week. in 16 Pittsburgh neighborhoods. Business Action Team 2016 Steel City Codefest Photo: J. Altdorfer Photography 8 | 9 URA 2014-2016 Report The Center Ace Hotel Pittsburgh lobby Social House Seven façade for Innovation & Photo: Ace Hotel Photo: courtesy of Adam DeSimone Entrepreneurship Entrepreneurship Neighborhoods URA Neighborhood BUSINESS TOTAL FAÇADE Business District Program FINANCING RENOVATIONS The URA Neighborhood Business District THREE 69 SUCCESS STORIES 170 Program helps business district groups Ace Hotel Pittsburgh throughout the city revitalize their URA loans façade renovations Located in the formerly vacant YMCA building commercial corridors. The URA works with in East Liberty, the Ace Hotel benefited from several communities on a range of activities, from $ URA financing programs and strategic partnerships 10,376,286 for its historic preservation and creative adaptive reuse. $ planning, capacity building and technical 2,148,930 assistance to direct project grants. in URA investments Proud Company in URA investment The Proud Company provides manufacturers, utility companies and other industrial technology users with BETWEEN $ complete industrial automation services. It utilized 2014-2016 51,821,116 $1.92 million in New Markets Tax Credits, provided by $ total project costs the URA through Pittsburgh Urban Initiatives, to help 8,948,696 finance its renovation of a 23,000-square foot facility total project costs 25 in the West End. neighborhood business Photo: proudco.com districts served 559 Smallman Galley jobs created and retained The URA provided a $150,000 loan to help fund the Strip District food hall and restaurant incubator to bring valuable business experience to aspiring chefs and “Take a walk through Allentown or Garfield, $ restaurateurs. the Cultural District or Lawrenceville; head 650,000 for the North Side or the Hill or Homewood in funds awarded for and chances are you’ll see a building that’s planning, development and been refurbished thanks to the Urban promotional activities Redevelopment
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