"Pittsburgh's economy has proved to be a model for many regions of the country since being singled out to host the G-20 Summit in 2009," said Lynette Horrell , Managing Partner, Pittsburgh Office, Ernst & Young LLP. "Pittsburgh has weathered the national recession better than many comparable regions and this report is greater proof that our long-term strategy to diversify our economy is paying dividends. We have a growing entrepreneurial community, a talented and dedicated workforce and unparalleled research institutions which have been a winning combination to start and grow great technology companies here," continued Ms. Horrell.
"We were very encouraged by the five-year results," stated Rich Lunak , President & CEO of Innovation Works, the most active seed-stage investor in the Pittsburgh region. "The investment community is recognizing that there are great companies here and that Pittsburgh has globally competitive strengths in software, life sciences, robotics and other sectors. If we can maintain the momentum in our pipeline and increase the pool of local investment capital to support the growing number of high-quality startups, Pittsburgh can ascend to being one of the nation's top-tier startup communities," said Mr. Lunak.
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|SOURCE Innovation Works, Inc.|
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