Economy & Business

Labor
2:01 pm
Thu April 18, 2013

Rivers Casino Workers File Federal Complaints, Allege Intimidation by Management

Last week, workers from Pittsburgh’s Rivers Casino marched to the facility, calling on management to recognize their right to organize. They then gathered in an employee cafeteria where workers claim they  were targets of intimidation by management.

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State News
10:02 am
Wed April 17, 2013

NRA Selected to Take Harrisburg Outdoor Show to 'National Level'

The National Rifle Association will operate a major sports and outdoors show in Harrisburg next year.

The NRA was selected from among 17 applicants to take over running the event that was known as the Eastern Sports and Outdoor Show and help raise its national profile.

President David Keene called the cancelation a “tragedy” which his organization plans to rectify with the new Great American Outdoor Show.

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Taxes
4:55 pm
Tue April 16, 2013

State Auditor General Finds $35 Million in Unpaid Corporate Taxes

Pennsylvania Auditor General Eugene DePasquale said Tuesday that he found errors on more than 1,250 corporate tax returns, totaling a net gain of $35.4 million for the state.

Some corporations overpaid by a total of $5.5 million, but many more underpaid by a total of $40.8 million.

DePasquale said the Department of Revenue must now "aggressively go after that money" to reclaim as much as possible before the state budget deadline of June 30.

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Essential Pittsburgh
11:56 am
Tue April 16, 2013

Rolling in the Dough Rebecca Harris on Running a Bakery

Rebecca Harris is Director of the Center for Women's Entrepreneurship at Chatham University
Credit Rebecca Harris / Chatham Center for Women's Entrepreneurship

Before she became the Essential Pittsburgh's business contributor and Director of Center for Women's Entrepreneurship at Chatham University, Rebecca Harris ran a bakery. Today, we'll look at the business of bakeries and what it takes to turn a hobby into a business.

Read more about the business of baking:

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Economy
4:43 pm
Mon April 15, 2013

Community Groups Partner to Fill Emerging Job Market

The Allegheny Conference on Community Development (ACCD) will analyze industry needs to create education programs in growing job sectors with the help of $390,000 from the Alcoa Foundation.

Laura Fisher, ACCD Senior Vice President of Special Projects, said they plan to first attract talent to the region in order to fill positions in advanced fields. From there they plan to work with colleges and companies to build a curriculum that meets the energy industry’s needs.

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Essential Pittsburgh
4:18 pm
Sun April 14, 2013

Financial Literacy and Overcoming Generational Poverty

Exploring generational poverty and money management
Credit Lucia's Clay / Flickr

  Money, everybody wants it, everybody needs it, yet we struggle to understand it and to talk about it. Especially those of us who have never had much money to speak of. At this point in financial literacy month we want to take a look at money management from the perspective of generational poverty. What circumstances and financial habits perpetuate poverty and how can families prevail? Tammy Thompson is a Community Liaison and Certified Housing Counselor for NeighborWorks Western PA, she works with adults, kids and families on financial planning at all socioeconomic levels.

Local Economy
3:18 pm
Fri April 12, 2013

Pittsburgh Sees Investment Growth As Other Areas Experience Declines

The number of venture capital dollars and deals across the U.S. has been generally declining over the last several years, but Pittsburgh is bucking that trend.

“Since 2009 we’ve had the credit crisis, and probably the most severe national recession we’ve ever had, and during that period Pittsburgh has seen an increase in early stage capital and the number of financings," said Lynette Horrell, managing partner with Ernst & Young Pittsburgh. "The number of financings has grown over 50 percent.”

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Business
9:32 am
Fri April 12, 2013

New Owners Move Burger King CEO to Heinz Helm

The new owners of Heinz are tapping Burger King CEO Bernardo Hees as the company's next top executive, a move that installs one of their own at the helm of the ketchup maker.

It also signals other big changes could be in store for the 144-year-old company, which had been run by CEO William Johnson for the past 15 years.

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Economy & Business
3:30 am
Fri April 12, 2013

Pittsburgh Riverhounds Find Permanent Home with New Stadium

Pittsburgh Riverhounds team member Andrew Mashall practices Thursday morning at Highmark Stadium. The team will play its home opener on Saturday against the Harrisburg City Islanders.
Ryan Loew 90.5 WESA

When the Pittsburgh Riverhounds play their home opener on Saturday against the Harrisburg City Islanders, the team will have something they’ve never been able to claim — their own stadium.

Since their first game in 1999, the soccer team has called four different fields their home but has not been the primary tenant until now.

This year the Riverhounds are playing at Highmark Stadium next to Station Square. The field, built for the team, has 3,500 seats and a standing-room-only capacity of about 4,200 people.

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Local Economy
9:51 am
Wed April 10, 2013

NCAA Frozen Four Seen as Boon to Pittsburgh Economy

On Monday night, the NCAA men’s basketball Final Four wrapped up in Atlanta with fans leaving behind an estimated $70 million dollar economic impact.

This week, Pittsburgh is hosting the NCAA men’s ice hockey final four, and while it won’t bring in $70 million, it is being seen as a boon for the local economy.

Six years ago Robert Morris University Senior Associate Athletic Director Marty Galosi decided he wanted to host the tournament, known as the Frozen Four, so he put in a bid and started to lobby.

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Essential Pittsburgh
9:00 pm
Mon April 8, 2013

Three Rivers Venture Fair: Financing Your Entreprenuerial Ideas

Rebecca Harris is Director of the Center for Women's Entrepreneurship at Chatham University
Credit Rebecca Harris / Chatham Center for Women's Entrepreneurship

When it comes to getting a business off the ground people go in search of angels or venture capitalists to help make their dreams a reality. But what's the difference? And how do you attract their attention to your project? Business contributor Rebecca Harris reports this week on the Three Rivers Venture Fair where prospective business owners could find possible financial backing. 

Find out more about Angel Investing and Venture Capitalism:

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Essential Pittsburgh
9:00 pm
Fri April 5, 2013

Financial Literacy Month: Jumping Back into the Stock Market

Ready to invest again? Find out which approach to stock market investing could work best for your situation.
Credit Terence Wright / Flickr

  In the first week of April, mortgage financier Fannie Mae reported record earnings for the fourth quarter, 2012 was their first profitable year since 2006. Yet the March jobs report was poor. So with a recovering housing market and fluctuating employment numbers, what does this say about the stability of our financial system? Are we really on a road to recovery? Is it safe to jump back into the stock market? And what are the best ways to do it? Roselyn Wilkinson, Vice President of MD&A Financial Management Co. and Registered Representative of Berthel Fisher continues our series of financial literacy month discussions with advice on smart ways to invest.

Economy & Business
9:00 pm
Thu April 4, 2013

Remembering Billy Mays Jr. with Billy Mays Sr.

Famous Pitchman, Billy Mays Jr. used his boisterous persona to popularized brands such as OxyClean
Credit Sharese Ann Frederick / Wikipedia

  Considered America's greatest pitchman, Billy Mays Jr. could be found, day and night, selling products on TV commercials. Billy Mays Sr., author of the book My Son, Billy: A Father Remembers the Greatest Pitchman Ever talks about raising his son  in McKees Rocks.

Economy
5:08 pm
Tue April 2, 2013

Pennsylvania Tax Revenues Down in March

Though Pennsylvania collected $4.2 billion in revenues in March, that number was $69.4 million, or 1.6 percent, below what was projected.

Despite last month's shortfall, the PA Department of Revenue says that from July through March collections totaled $20.3 billion, which is $35.5 million, or 0.2 percent, above estimate.

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Pittsburgh
4:59 pm
Tue April 2, 2013

Pittsburgh Job Growth Slowed Last Year, Group Says

Hospitals, financial services and the Marcellus Shale industry in southwestern Pennsylvania are expanding employment, but the rest of the area’s economy has slowed hiring, according to Pittsburgh TODAY.

Douglas Heuck, Program Director for Pittsburgh TODAY, a nonprofit that provides statistical information on Pittsburgh life, said Pittsburgh’s job growth from February 2012 to February 2013 was 0.18 percent.

He said Pittsburgh was once third in job growth in their rankings of 15 cities, but last year’s numbers dropped it to last.

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Economy
4:02 pm
Tue April 2, 2013

Report: Pittsburgh Region Sustained Five Consecutive Years of Economic Growth

Dennis Yablonsky, CEO of the Allegheny Conference on Community Development, outlines the region's economic successes of 2012.
Credit Deanna Garcia / 90.5 WESA

The Pittsburgh region was one of three U.S. metro areas to be deemed fully recovered from the 2008 recession by the Brookings Institution in late 2012.

A report released Tuesday shows the region has sustained five years of economic growth, including 2012, which was a benchmark year for employment.  

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Essential Pittsburgh
9:00 pm
Mon April 1, 2013

Taking Care of Business with Rebecca Harris

Rebecca Harris is the Director of the Center for Women's Entrepreneurship at Chatham University
Credit Rebecca Harris / Chatham Center for Women's Entrepreneurship

Last week our business contributor Rebecca Harris gave us a look at some of the fastest growing occupations. This week she talks about job opportunities for women and growth areas for entrepreneurs. Did you know 2013 is expected to be the Year of the Woman Entrepreneur?

State News
3:03 pm
Mon April 1, 2013

Pennsylvania's Financial Scorecard: Only One 'A'

Credit cfed.org / Corporation for Enterprise Development

Pennsylvania is far from being honor roll-worthy when it comes to helping its residents become financially stable. 

The Corporation for Enterprise Development (CFED) released its 2013 Assets & Opportunity Scorecard Monday, and the commonwealth earned a "C" in three subjects: businesses and jobs, housing and homeownership, and education.  Pennsylvania received a "B" for financial assets and income and an "A" for healthcare.

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Economy & Business
1:02 pm
Fri March 29, 2013

PA Workers' Compensation Rates To Drop Again

The Pennsylvania State Insurance Department says a workers' compensation insurance rate reduction will go into effect next week, saving employers millions of dollars.

The department said the overall 4 percent decrease, which takes effect Monday, could mean as much as $110 million in savings for Pennsylvania employers.

The 4 percent estimate may vary according to a company's claims experience, payroll and other factors, and not all employers will see a decrease.

Insurance Department Spokeswoman Rosanne Placey says there is a positive trend happening in Pennsylvania.

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Essential Pittsburgh
9:00 pm
Thu March 28, 2013

The French Connection: What France is Learning From Pittsburgh's Economy

Ambassador François Delattre recently addressed the World Affairs Council of Pittsburgh
Credit French Embassy in the U.S.

“The keys of success are innovation and entrepreneurship.” François Delattre, French ambassador to the United States, discusses what he’s learned from Pittsburgh when it comes to reinvention after industrial decline and new opportunities for a Franco-American partnership.

2014 U.S. Gymnastics
3:02 pm
Wed March 27, 2013

Tumbling to Pittsburgh: 2014 U.S. Gymnastics Championships

Allegheny County Executive Rich Fitzgerald was at the announcement Wednesday at the CONSOL Energy Center.
Credit Emily Farah / 90.5 WESA

Pittsburgh can add the 2014 U.S. Gymnastics Championships to its hosting resume, along with the 2009 G-20 Summit, 2011 Winter Classic, 2012 NHL Draft and 2012 One Young World Conference.  

The gymnastics competition is coming to Pittsburgh for the first time from Aug. 21-24, 2014, at the CONSOL Energy Center. 

Steve Penny, President and CEO of the U.S. Gymnastics organization, said it's not just the newly-constructed arena in Uptown that made Pittsburgh appealing.

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Essential Pittsburgh
9:00 pm
Mon March 25, 2013

Fast Growing Occupations

Business contributor Rebecca Harris is Director of Chatham University's Center for Women's Entrepreneurship
Credit Rebecca Harris / Chatham Center for Women's Entrepreneurship

If you have the right education or training you may be well positioned for success in this growing job market. Business contributor Rebecca Harris looks at some of the fastest growing occupations.

Check out Rebecca's links for the fastest growing occupations.

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Essential Pittsburgh
9:00 pm
Fri March 22, 2013

The High Cost of Higher Education

How can an early understanding of personal finance change the face of student debt?
Credit Katz School of Business / University of Pittsburgh

  Student loans are now second to mortgages when it comes to personal debt.  The average PA college student amasses $27,500 worth of debt. As college acceptance letters come in the mail, what do students need to consider when planning for their financial future? University of Pittsburgh Business Professor Jay Sukits joins us to talk about student financial planning and debt.

North Side
1:00 pm
Thu March 21, 2013

New Partnership Aims to Get More North Siders to Work

Northside Works! combines two workforce development entities. The NSLC facility, equipped with computer stations, will go from part-time to full-time.
Credit Deanna Garcia / 90.5 WESA

The North Side Leadership Conference (NSLC) and North Shore Community Alliance (NCA) are combining to improve services for North Side residents seeking employment.

The two entities both previously offered workforce development services. NSLC has a location convenient to all bus lines on the North Side and existing computer stations.

“NCA has a more robust workforce program with many more services than what the Conference offers,” said NSLC Board Member Gloria Rayman. “So by combining our resources, we can offer so much more to all of our neighbors.”

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Economy & Business
9:00 pm
Wed March 20, 2013

Pittsburgh Sues UPMC

The City of Pittsburgh has started a legal battle with UPMC over nonprofit status
Credit Emily Farah / 90.5 WESA

Mayor Luke Ravenstahl has announced the city’s plans to file legal challenges to UPMC’s tax exemptions. We'll get reaction from Karen Shastri, Associate Professor of Business Administration at the Katz Graduate School of Business at the University of Pittsburgh.

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