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The Impact of German-Owned Companies on the Pittsburgh Regional Economy
Overview - Foreign-owned businesses comprise a large component of the Pittsburgh regional economy, with 340 companies from 30 countries and employment of 49,000. Germany has the most companies here, with 70, compared to the next highest, the United Kingdom, with 61.
Of the German-owned companies highlighted here, Draeger Safety has been in Pittsburgh for 101 years, and Ardex for 30, demonstrating the region’s long-term ability to serve their needs. Pittsburgh continues to attract German companies, as evidenced by Flabeg Solar, which located here in 2008.
Pittsburgh is a location of choice for German and European companies because it is one of the largest metropolitan areas in the USA, with an assembly of talented workers and labor pool, high quality raw materials, leading universities and quality public schools. It is within 500 miles of nearly half of all U.S. and Canadian citizens; and has 18 railroad systems; more than 1,000 motor carrier service providers; 200 river terminals; and the second-busiest inland port in the nation.
Ranked the number one “Most Livable City” by Places Rated Almanac, Pittsburgh and its rivers, parks, and low cost of living appeal to families. Along with Pittsburgh’s growing economy, the diversity of industries surrounding the city provide a great opportunity for German companies to benchmark and network with others.
German companies typically make sophisticated products that are highly engineered and generally require employee expertise of a higher caliber, with an associated higher pay scale.
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