Pittsburgh Leading in P3 Economic Growth Opportunities

By Nolan Miles
P3 Kentucky Staff Writer

Ex-Pittsburgh Mayor Tom Murphy’s reign in office saw dramatic economic growth for the city — $4.5 billion in economic development, to be exact. One of his keys to success? Public-private partnerships.

Murphy has been sharing Pittsburgh’s keys to success with growing cities across the country, more recently Pensacola, Florida. Pensacola recently has taken the initiative to invest in the city’s economic development. Murphy credits strategic planning and strong partnerships as pieces to the puzzle in creating economic stability and growth.

“Building a city doesn’t happen by accident,” Murphy said. “It happens because people are very intentional about what they want.”

Murphy identified the risks of investing in economic growth opportunities, citing his past decision to cut the Pittsburgh police force and city workforce to create a development fund that would eventually grow to $60 million.

Referencing the Cincinnati Center City Development Corporation, Murphy praised the organization as “a remarkable example of public-private leadership.” The Cincinnati partnership reinvested in downtown businesses to create what is now a thriving commercial center.

Click here to read more about the city of Pittsburgh P3 successes.

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