murphy tom. changing the rules: competing in a changing economy
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Changing the Rules:Competing in a Changing Economy
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Sweeping Away the Old Rules
• Globalization
• Technology
• Demographics
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Employment Changes 1990 -2010
Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES)
Manufacturing Professional and Business Services Education and Health Services
U.S. Metro 1990 2010 % Change 1990 2010 % Change 1990 2010 % Change
RESEARCH TRI. 76.9 62.1 -19% 62.4 121.4 95% 51.6 118.5 130%
SAN DIEGO 123.4 90.7 -26% 124.1 198.8 60% 84.1 147.4 75%
PHILADELPHIA 246.9 130.1 -47% 213.6 286 34% 278.3 434.5 56%
BOSTON 205.8 92 -55% 226.1 296.1 31% 267.2 378.5 42%
SEATTLE 222.2 169.1 -24% 138.8 224.7 62% 114.8 213.7 86%
DENVER 84.8 59 -30% 129.5 202.6 56% 72 143.9 100%
BALTIMORE 128.5 59.5 -54% 123.1 191.4 55% 145.8 244.6 68%
SAN FRAN 170.5 113.4 -33% 275.7 339.8 23% 173.7 235.5 36%
PITTSBURGH 130.6 85.5 -35% 126.6 155.6 23% 160.2 239.8 50%
USA 17695 11743 -34% 10848 16991 57% 10984 19838 81%
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Building a 21st Century City
• Well Managed• Vibrant• Educated• “Raw Materials”• Entrepreneurial
• Public-Private Partnerships• Capital availability
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Transforming Pittsburgh
“Indeed, Pittsburgh's art scene, job prospects, safety and affordability make it the most livable city in the country, according to measures studied. The city has rebounded from its manufacturing past. Disused steel mills have been repurposed into multimedia art centers, and amid a struggling national economy…”, “America's Most Livable Cities”, 4/29/2010, Forbes Magazine
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1-2 December 2009
South Side Works
Transforming Pittsburgh
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1-2 December 2009
The South Side Works has expanded an
historic neighborhood and created a regional
destination
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South Side Works is a walkable mixed-use Live-Work-Play Environment
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1-2 December 2009
The mixed-use site masterplan has reconnected the neighborhood to the river
Development Cost: $450 MillionTIF Proceeds: $21 MillionOther Public: $128 MillionPrivate Investment: $301 Million
Public investment funded site remediation, roads, parking garages, bridges, trails, and parks.
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Nine Mile Run
Transforming Pittsburgh
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The Summerset development has transformed a former slag dump into a premier City
neighborhood
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Summerset has become Pittsburgh’s showcase market rate residential community
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1. Leadership
2. Strategy
3. Institutional Capacity
Chicago, Navy Pier
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4. Financing Infrastructure
5. Education
6. Design Excellence
Seattle, Public Library
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Where Will the New Roads Lead…