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Natural Gas Company Investing $61M in Pennsylvania

Equitable Resources Inc., a producer of natural gas products and services, will invest $61 million to expand its operations in Pittsburgh, Pennsylvania, according to the Pennsylvania governor's office. The company will create 354 new positions and retain 772 existing jobs as part of the project, which includes new headquarters for two company divisions and a potential research and training facility. "Although we are anticipating a good bit of growth outside of Pennsylvania, we're happy to be keeping our corporate headquarters in Pittsburgh," says Murry Gerber, Equitable's chair and CEO. "The unregulated gas drilling and transportation segments of our business have been driving our development, thanks in great part to the hard work and innovative attitude of all of our employees." Equitable will lease 250,000 square feet of existing office space in Pittsburgh for the headquarters offices; the utility will continue to operate in its current facility there. Incentives offered to Equitable Resources include a $1.4 million grant; $350,000 in job training assistance; and $1.06 million in job creation tax credits, all from the state.

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