Institute for Entrepreneurial Excellence

Owners of small- and medium-sized businesses gathered Wednesday to talk about how the Pittsburgh area economy could change in 2015 and not everyone is optimistic.

The University of Pittsburgh’s Institute for Entrepreneurial Excellence hosted the event that included: Pitt Chancellor Patrick Gallagher, PNC Chairman Bill Demchack, and PNC Vice President Augustine Faucher. Overall they predicted that the local economy will fall behind the national economy in 2015.

Deanna Garcia / 90.5 WESA

The Institute for Entrepreneurial Excellence at the University of Pittsburgh has been working with businesses in the region for 20 years. Its annual report was released Wednesday at Turner Dairy Farms, one of the members of the institute.

Founder and Executive Director Ann Dugan said in 2013 the institute helped about 900 entrepreneurs.

“We had 47 startup businesses,” Dugan said. “That was where they came through the door with an idea, today their door is open, the lights are on, music is on, they have sales.”