Capital Investment

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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