DCED Newsroom • AUGUST 4, 2026

The DCED Newsroom reported on August 4, 2026, that Pennsylvania's 2026-27 budget includes $4.7 million for the Manufacturing PA Training-to-Career (MTTC) program. This funding aims to enhance workforce training in the manufacturing sector to prepare individuals for careers in the industry. Since 2023, over $17 million has been invested in similar workforce initiatives under Governor Josh Shapiro's administration.

trepp • AUGUST 3, 2026

The Trepp report, published on August 3, 2026, analyzes current economic indicators related to bank lending, the labor market, and business activity. It highlights upcoming key reports, including the Senior Loan Officer Survey, Job Openings and Labor Turnover Survey, and data on manufacturing, services, and construction spending, all of which will provide insights into trends affecting commercial real estate demand. The report notes the Federal Open Market Committee's recent decision to maintain interest rates and the ongoing debate regarding inflation expectations among policymakers.

Pittsburgh City Council • AUGUST 3, 2026

The Pittsburgh City Council held a regular meeting on August 3, 2026, as outlined in the published agenda. Key resolutions discussed include the amendment for increased funding for the Department of Public Works, a proposed extension for a liquor license transfer, and various capital budget amendments. The session also included updates from the Grants Office and reports from multiple committees related to public safety and infrastructure projects.

AGC Construction Data • AUGUST 3, 2026

A report from AGC Construction Data published on August 3, 2026, indicates that construction spending declined by 0.1 percent from May to June, and fell 3.2 percent year-over-year. Officials warn that the broadening weakness in the construction market could be exacerbated by policies that inflate costs or deter private investment. Concerns are particularly aimed at highway construction, pending the renewal of federal funding by the upcoming deadline.

DCED Newsroom • AUGUST 3, 2026

The Shapiro Administration has announced $20 million in funding for the Main Street Matters program as part of the 2026-27 budget. This initiative aims to revitalize downtown areas, support small businesses, and strengthen local economies throughout Pennsylvania. The program highlights the importance of collaboration and community involvement in fostering local economic development.

AGC • JULY 31, 2026

A report from the Associated General Contractors (AGC) on July 31, 2026, indicates mixed trends in construction employment and economic indicators for June 2026. Year-over-year, construction employment rose in 165 of 360 metro areas, while declines were noted in 131 areas. The report also highlights a 6.5% increase in construction starts for the first half of 2026, juxtaposed with a significant contraction in residential construction and varying growth in other segments.

DCED Newsroom • JULY 30, 2026

Governor Shapiro announced a $166 million investment from GE Vernova to expand operations in Western Pennsylvania, which will create 714 new jobs. The Commonwealth will contribute $6 million to support this initiative in Allegheny and Westmoreland counties. This investment aims to strengthen Pennsylvania's role in the energy sector.

AGC Construction Data • JULY 29, 2026

A July report from AGC Construction Data reveals that construction jobs increased in only 165 of the 360 metro areas from June 2025 to June 2026. The analysis indicates that over half of these areas are facing stagnant or declining construction activity due to factors such as material price uncertainties, data center approval delays, labor availability, and future transportation funding concerns. Ken Simonson, the chief economist for the Associated General Contractors of America, warns that unresolved issues could continue to hinder hiring in the sector.

Federal Reserve • JULY 29, 2026

The Federal Open Market Committee (FOMC) convened on July 29, 2026, and voted 9 to 3 to maintain the federal funds rate target range at 3.5% to 3.75%. The Committee's decision reflects its dual mandate, as it continues to ensure ample reserves in the banking system amidst solid economic growth and ongoing inflation concerns. Dissenting members advocated for a 1/4 percentage point increase in the rate.

Pittsburgh City Council • JULY 28, 2026

The Pittsburgh City Council meeting minutes from July 28, 2026, include the attendance of all nine council members and the recitation of the Pledge of Allegiance. The council issued several proclamations, established funding transfers for various departments, and approved resolutions concerning grants and donations for community services. All actions taken during the meeting were passed unanimously.