AGC Construction Data • AUGUST 7, 2026

A report from AGC Construction Data reveals that construction employment increased by 22,000 jobs in July, marking the highest monthly gain since March. Over the past year, the industry added a total of 82,000 jobs, with wages for craft workers rising more quickly than for production workers. Despite this growth, officials from the Associated General Contractors of America express concerns that political factors may threaten public infrastructure and data center projects, potentially leading to future layoffs.

DCED Newsroom • AUGUST 5, 2026

On August 5, 2026, the Shapiro-Davis Administration announced continued investments in Pennsylvania's downtowns and small businesses, specifically highlighting support for Etna. The Main Street Matters program, initiated in 2024, has invested over $34 million across 137 projects statewide to promote local economic revitalization. This initiative underscores the administration's focus on community development and small business success.

Federal Reserve • AUGUST 4, 2026

The Federal Reserve's report, "Examining the Sensitivity of Regional Banks to Macroeconomic Shocks," published on August 4, 2026, assesses the vulnerabilities of regional banks during macro-financial stress. It highlights key distinctions between regional and larger banks, noting that while regional banks are generally less sensitive to broad economic stress, they face greater risks from specific areas like commercial real estate. The study utilizes a Forward-Looking Analysis of Risk Events (FLARE) model to analyze performance under stress, emphasizing the need for tailored assessments that reflect the unique characteristics of regional banking operations.

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.