RIDC

RIDC (Regional Industrial Development Corporation)
Founded1955 (69 years ago)
Location
Area served
Pittsburgh metropolitan area
Key people
Donald F. Smith, Jr. PhD, President[1]
Ronald Coombs, CFO
Employees
22[2]
Websiteridc.org

The Regional Industrial Development Corporation of Southwestern Pennsylvania—known colloquially as the RIDC—is a privately funded non-profit[3] serving the Pittsburgh metropolitan area to focus on a regional approach to economic development primarily through managing and rehabilitating area research and business parks for modern tenants. The RIDC was formed on August 8, 1955, as a non-profit corporation after area business, corporate, government and labor leaders supported a central agency responsible for developing and coordinating efforts to create new employment and economic diversity.[4] As of March 2013 it is listed as the third largest commercial property manager in metropolitan Pittsburgh with 7,400,000 gross leasable square feet,[5] behind only Oxford Development[6] and CBRE Group[7] while surpassing Jones Lang LaSalle.[8]

  1. ^ Don Smith, RIDC (Video) Pittsburgh Business Journal
  2. ^ "RIDC Home". Ridc.org. Retrieved November 13, 2013.
  3. ^ White, William A. (June 26, 1956), "Power Firm Turned Lake Area Into Gigantic Chemical Shore", Pittsburgh Press, Pittsburgh, PA, p. 1
  4. ^ Boren, Jeremy (January 25, 2013), "RIDC O'Hara confounds its critics for 50 years", Tribune-Review, Pittsburgh, PA
  5. ^ Pravlik, Melissa (March 29, 2013), "RIDC", Pittsburgh Press, Pittsburgh, PA, p. 3
  6. ^ Pravlik, Melissa (March 29, 2013), "Oxford Development", Pittsburgh Business Times, Pittsburgh, PA, p. 4
  7. ^ Pravlik, Melissa (March 29, 2013), "CBRE", Pittsburgh Business Times, Pittsburgh, PA, p. 5
  8. ^ Pravlik, Melissa (March 29, 2013), "Jones Lang Lasalle", Pittsburgh Business Times, Pittsburgh, PA, p. 2