Federal Reserve • AUGUST 19, 2026

On August 19, 2026, the Federal Reserve released the minutes from the Federal Open Market Committee (FOMC) meeting held on July 28-29, 2026. The report indicates stable economic conditions despite oil price increases due to geopolitical tensions, with inflation rates decreasing and a stable unemployment rate of 4.2%. The Committee maintained the federal funds rate target range at 3.5% to 3.75%, and the next meeting is scheduled for September 15-16, 2026.

Allegheny County Council • AUGUST 18, 2026

The Allegheny County Council meeting is scheduled for August 18, 2026, at 5:00 PM in the Gold Room. The agenda includes proclamations recognizing various individuals and events, a segment for public comments, approval of meeting minutes, and discussions on new business motions related to health department regulations and a financial resolution for Chatham University. Additionally, the meeting will address a Sheriff's lawsuit and conclude with public comments before adjournment.

AGC • AUGUST 14, 2026

The AGC report published on August 14, 2026, outlines current trends in construction, noting a 7.1% year-over-year increase in input prices for nonresidential construction and rising demand for multifamily units and warehouses. Notable price hikes include significant increases for diesel fuel and liquid asphalt, while the demand for warehouses is driven by AI infrastructure needs. The report indicates that construction activity within the services sector has expanded for 25 consecutive months, alongside ongoing supply shortages for various materials.

AGC • AUGUST 14, 2026

The AGC report, published on August 14, 2026, outlines the Trump administration's 2026 Unified Agenda of Regulatory Actions relevant to the construction industry. It covers anticipated regulatory changes across safety, labor, and environmental regulations, providing stakeholders with essential insights into upcoming federal agency plans. For more information and specifics on the regulations, stakeholders can reach out to Spencer Phillips.

Pittsburgh Business Times • AUGUST 14, 2026

On August 14, 2026, the Pittsburgh Business Times reported on the launch of the $125 million Innovate in PA 2.0 fund, aimed at strengthening Pennsylvania's startup ecosystem. Introduced at the National Robotics Engineering Center, the fund will recapitalize the Ben Franklin Technology Development Authority and includes a new grant program to support venture studios. The initiative focuses on bridging the gap between invention and commercialization to foster the growth of companies within the state.

ABC • AUGUST 13, 2026

A report from the Associated Builders and Contractors (ABC) indicates that construction input prices rose by 0.1% in July, with a year-on-year increase of 7.4%. Nonresidential construction input prices similarly increased by 7.2%. The report highlights fluctuations in energy prices, including a significant drop in crude petroleum but an uptick in natural gas prices, with ongoing inflationary pressures contributing to a projected rise in materials prices in the coming months.

Pittsburgh Post-Gazette • AUGUST 13, 2026

The former Corelle Brands glass plant in Charleroi is now on the market more than a year after its closure in April 2025, which led to nearly 300 job losses and concluded 130 years of local production. GA Group Real Estate is handling the sale, seeking a buyer to revitalize the area. Local officials acknowledge the site's beneficial location, while there are concerns about the potential for restoring the community's economic vitality.

DCED Newsroom • AUGUST 12, 2026

Governor Shapiro has announced a $31.7 million investment from Brunk Industries to expand manufacturing operations in Armstrong County. This initiative, which includes over $4.1 million from the Commonwealth, is expected to create 64 new jobs in South Buffalo Township. The investment supports the Shapiro Administration's ongoing efforts to attract significant economic growth in the region.

DCED Newsroom • AUGUST 12, 2026

A report from the DCED Newsroom highlights the NFL Draft's significant economic impact on the Pittsburgh region, totaling $177 million. The analysis further notes that the event contributed over $1.5 billion in overall economic value for the city, underscoring the Commonwealth's role in hosting major American events.

AGC • AUGUST 7, 2026

The AGC report published on August 7, 2026, indicates that construction employment rose to 8,343,000 in July, reflecting a gain of 22,000 jobs from June and a year-over-year increase of 82,000 jobs. Construction spending in June totaled $2.17 trillion, showing a slight decrease from May and a 3.2% decline compared to the previous year, while job openings in the sector reached 305,000, despite a drop in hires.