BKSQ Money Move of the Year Award | Walnut Capital Blog
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Bakery Square Wins Money Move of the Year in the 2024 Technical.ly Awards

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Pittsburgh’s Bakery Square is already home to major innovators in the city’s tech ecosystem, like Google, UPMC Enterprises and Carnegie Mellon University’s Cloud Lab, and now the US Department of Commerce is investing $3.7 million to expand the area and boost the life sciences economy in Pennsylvania.

Allegheny County Industrial Development Authority will put $2.8 million of the funding toward Bakery Square.

The project will improve roadway infrastructure and support job growth and business expansion in the area. The project is estimated to create 55 jobs and generate $7 million of private investment.

“This $2.8M investment is about more than just roads and buildings, it’s about centering our workforce and their potential,” US Rep. Summer Lee said when the funds were announced. “The expansion at Bakery Square will bring good-paying jobs to our community and uplift our local economy, ensuring that the benefits of growth reach every corner of Allegheny County.”

Check out all of the winners here.

Technical.ly | Alice Crow