Sunday, February 05, 2012

Rust Belt Rebound

Pittsburgh is at the center of economically surging Rust Belt. From Bloomberg News:

The recovery isn't just about autos and shale; it's all sorts of related industries, said Huntington Bancshares CEO Steve Steinour. ...

... The Rust Belt rebound also means office space is nearly full in Pittsburgh as natural-gas exploration companies and others move in, Steinour said. Pittsburgh just received improved outlooks on its credit ratings from Moody's Investors Service and Standard & Poor's, going to stable from negative, after shoring up its pension funds.

The Marcellus Shale hype is impressive. But not all that is good in Pittsburgh proper is about drilling for natural gas. Does the shale gas industry have any presence in downtown Pittsburgh? Regardless, the positive publicity is appreciated.

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