Young Entrepreneurs in Pittsburgh Doing Well

NerdWallet, a consumer financial analysis firm, recently published a study that finds young entrepreneurs of all sectors in Pittsburgh have more opportunities at building a successful venture than those in many of the nation’s other cities.

Pittsburgh was ranked 13th-best region in the nation for entrepreneurs ages 25 to 34.

NerdWallert looked at the 83 largest cities in the United States and scored them on seven points:

  • Commercial and industrial loans under $250,000 per capita from banks with less than $10 billion in total assets
  • The number of businesses per 100 residents
  • The percentage of population ages 25 to 34
  • The percentage of population 25 and older with at least a bachelor’s degree
  • Per capita income from 2013
  • The September 2014 unemployment rate
  • The cost of living index from the third quarter of 2013\

Shortcomings in one category could be offset by surpluses in another.

According to NerdWallet analyst Sreejar Jashti, Pittsburgh ranked above the national average in every category except per capita income, which he said is nearly on par with the national average.

Click here to read the entire Pittsburgh Post-Gazette article.

 

 

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Venture Capitalists Like What They See in Pittsburgh

In the third quarter of this year, venture capitalists invested $124 million in Pittsburgh deals alone.

Investments were received by 878 tech companies nationwide, with 14 of those in Pennsylvania. The deals were seventh by dollar volume, at $202 million. And, eight of those transactions were in the Pittsburgh region.

Read the entire Pittsburgh Business Times article here.

Spilman Pittsburgh Gains National Bankruptcy Practice & Adds to Corporate/Private Equity Talent

Spilman has announced that attorneys James A. Baldwin and Sally E. Edison, along with paralegal T.C. Collins, joined the law firm’s Pittsburgh office.

Baldwin’s practice is in mergers and acquisitions, with an emphasis on leveraged buyouts, private equity (including EB-5 investments), project finance and venture capital deals. Baldwin also counsels financial institutions and borrowers in finance transactions. 

Edison, formerly with McGuireWoods, practices law in the areas of commercial bankruptcy, insolvency, and creditors’ rights. Her clients primarily include national trade creditors and major corporations. 

T.C. Collins, also formerly with McGuireWoods, is a paralegal with 20 years of experience in restructuring and insolvency matters. 

Read more about our talented team and growing office here.

 

 

Spilman Announces Strategic Hire

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We are pleased to announce James A. Baldwin has joined Spilman’s Pittsburgh office as Counsel.

Mr. Baldwin’s primary area of practice is mergers and acquisitions, with an emphasis on leveraged buyouts, private equity and venture capital deals.

Mr. Baldwin brings a wide variety of experience to the firm. Some of his proficiencies include:

  • Handling domestic and international private equity transactions and private equity co-investment deals
  • Representing banks and corporate borrowers in debt transactions
  • Counseling clients on securities matters, focusing on private placements, public offerings and public company reporting under the Securities Exchange Act of 1934
  • Advising clients regarding the U.S. Small Business Administration requirements, with a concentration on 8(a), veteran-owned, MBE, WBE, DBE certification and regulatory issues
  • Handling cross-border transactions and international project finance transactions
  • Counseling clients on the structure and terms of their relationship with private and government parties involved in project developments in foreign markets, particularly in Africa, China, Europe, Latin America and other emerging markets
  • Representing energy, heavy manufacturing, telecommunications, infrastructure and financial services companies on project finance transactions
  • Advising clients on formation and regulatory compliance of investment funds

Mr. Baldwin is also heavily involved in community projects. He is the Co-Founder of Friends United for Need. He serves as a Board Member for The Consortium for Public Education, in addition to the Center for Victims.

Mr. Baldwin is a graduate of Villanova University and received his J.D. from Georgetown University Law Center. He is admitted to the Pennsylvania State Bar and the District of Columbia Bar.

Mr. Baldwin is a welcome addition to Spilman, helping serve our clients with professional excellence, quality, integrity and fairness.

You can read more about Mr. Baldwin’s qualifications and contact him directly by visiting our website.