Founded | 1955 (69 years ago) |
---|---|
Location | |
Area served | Pittsburgh metropolitan area |
Key people | Donald F. Smith, Jr. PhD, President[1] Ronald Coombs, CFO |
Employees | 22[2] |
Website | ridc |
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]