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City Councilman Bill Peduto Speaks to DEA

On April 19, 2007, Pittsburgh City Councilman Bill Peduto spoke to the members of the Entrepreneurial Studies Program's (ESP) student-run organization, the Duquesne Entrepreneurial Alliance (DEA).

Peduto, hailed by many as a rising star in western Pennsylvania politics, discussed a variety of topics dealing with his take on the region's business climate, where it's headed, and the role that entrepreneurship will play in that direction.

First Peduto offered exclusive insights into his recent headline making political decisions. Peduto, a Democrat, discussed his decision to withdraw from the Pittsburgh mayoral race for 2007, against incumbent Luke Ravenstahl.

Peduto, after taking a good look at the popularity numbers, felt that his only chance of success would be to run a negative political campaign against Ravenstahl

"Going negative on Luke would be an inevitable consequence this year," said Peduto. "It would tear the (Democratic) party apart, and I couldn't do that."

He is now developing plans for improving not only the city of Pittsburgh, but also the surrounding regions that make up Allegheny County.

Peduto made comparisons between what he felt was Pittsburgh's old economy and the region's new economy, lamenting the fact that the reluctance of the old economy to change its ways was holding the region back. 

Citing the recent struggle between two Western Pennsylvania towns over the location of the Westinghouse office facility, Peduto said, "The core problem lies in western PA, not Pittsburgh alone. We have towns fighting against each other over who moves where or who gets certain resources, when we should work together for the betterment of the region as a whole. We need one alliance. Then we all win."

Peduto also cited the potential economic impact of a shift from the old economy use of resources such as railways (to transport goods from one region to another) to the new economy use (transporting people from home to work and back).

After the presentation, Peduto stressed the importance of political awareness, even with the hassles of running a business looming on a daily basis.

"By being in an entrepreneurially-minded student organization like the DEA, these students have a heightened sense of what's important in the business community, Peduto said. "A critical part of that sense is knowing the role that the political climate plays in running a business."

Though the DEA focuses on bringing in entrepreneurs and business-minded people to speak to its student members, DEA Faculty Advisor Ron Morris sees the importance of bringing in political leaders such as Peduto. 

"Bill Peduto's ideas on how politics and business should interact to benefit Pittsburgh are a refreshing break from the traditional ‘machine' mindset the region has adopted over the years," Morris says. "It's good for students to hear that there are fresh ideas out there."

Dozens of ESP students showed up to hear Peduto talk, all interested in what the future of Pittsburgh holds for them. A few students from the University of Pittsburgh even attended this meeting for a chance to talk with Peduto.

DEA President and senior ESP major Mark Zini said that he wished Peduto had talked a little more than he did about entrepreneurship and the role that young people will play in bringing Pittsburgh's economy back.

"It was still a fresh of breath air to see a politician even mentioning the word entrepreneurship! Put it this way... a politician is a politician, but he definitely sparked my interest more than most of them," Zini said.

ESP junior major Carmen Williams was also glad to see someone from the city looking out for small business and entrepreneurship.

"It's great that he understands that big business isn't the only thing for politicians to focus on," said Williams. "The real benefit is when a few small companies explode and cause rapid job growth. It's nice to know what kind of talent we pull in."

   
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