Finance Report: April 2013
Edited by Andrea Bosco | Sponsored by Huntington
FLY ME TO THE MOON
The runways at Pittsburgh International and Allegheny County airports are glowing as the Allegheny County Airport Authority has received a national honor from the Government Finance Officers Association of the United States and Canada for its annual financial report. According to the airport authority, the award is “the highest form of recognition in the area of governmental accounting and financial reporting.” Chairman David Minnotte says he is proud of the team’s efforts. “The staff of the Finance Department has earned this prestigious commendation by hard work and adhering to the best industry practices,” he says.
Entrepreneurs, think positive! In a recent survey conducted by Entrepreneurs’ Organization (EO), a collection of 8,000 business owners in 40 countries, 29 percent of Pittsburgh executives have experienced higher revenue in the past six months, and 43 percent are expecting to see higher revenue in the months ahead. Those surveyed, which included local companies with at least $1 million in annual revenue, believe the economy is moving in a positive direction, with 33 percent reporting good feelings about starting a new business. “The results from the survey underscore that Pittsburgh businesses are thriving despite the current economic climate,” says EO Pittsburgh chapter president Mark Proud. “We expect our businesses to continue growing.” — Alex Riccardi
A new, two-year PNC Foundation grant is helping to support employee home ownership for Allegheny General Hospital employees. The Workforce Home Benefit program, established by Allegheny General Hospital and Northside Leadership Conference in 2005, is lending a hand to first-time homeowners in one of 15 North Side neighborhoods. The $24,000 will help fund homeownership educational services provided to participants of the program by Neighborworks Western Pennsylvania, a nonprofit. Ultimately, it will supply a matched home ownership savings account plan; flexible, low-interest mortgage products with low down-payment requirements; homebuyer education services; and access to expert financial and credit counseling. “Through this initiative, we plan to increase home ownership in local, urban neighborhoods,” says Mary Ellen Sullivan, vice president and community consultant for PNC’s Community Development Banking division. “In addition, homeowners tend to become vested in their community, advocating for better schools and improved stability of their neighborhood.” — A.R.
ONE FOOTE AT A TIME
Off the field, Pittsburgh Steeler Larry Foote is tackling big problems to assist at-risk urban youth overcome obstacles and find success. He’s connected with the Urban Impact Foundation and made a commitment to help fulfill the nonprofit’s vision: To see the lives of children, youth, and families holistically transformed — one person, one family, one block at a time. Foote matched $50,000 of 2012 year-end donations made to Urban Impact. And, he plays an integral part of its program Play Ball for Kids, which raises money to underwrite Urban Impact’s programs via family and business sponsorships. Urban Impact is a Platinum Level Charity with the 2013 Dick’s Sporting Goods Pittsburgh Marathon.
These articles appear in WHIRL Magazine’s April 2013 Finance Report.
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