Steer acquires US-based economic development agency, Fourth Economy

We are delighted to share that our parent company, Steer, has announced the acquisition of Pittsburgh-based economic development consultancy firm, Fourth Economy.

For over a decade, Fourth Economy has delivered projects for economic development organisations and other private and public entities at the national, state and regional level across the USA, from reviewing climate change and clean energy issues in Indiana, to economic development in Rhode Island, through to providing the National Economic Development Administration with advice on innovation and the economic impacts.

The Fourth Economy acquisition bolsters Steer’s global economic development offering, and compliments our existing Steer Economic Development offering. Collectively, we will offer a comprehensive approach that embraces people, skills, infrastructure, mobility and innovation to deliver sustainable, inclusive and equitable economies.

Simon Pringle, Director at Steer Economic Development says, “We are delighted to have Rich and his team come alongside our existing economic development activities, and look forward to working with our new colleagues and sharing our global experience for joint benefit"

Hugh Jones, CEO at Steer, says “We are delighted that Fourth Economy is joining Steer, bringing deep economic development expertise to our North American business and also complementing our UK-based economic development practice; Steer ED. Through our aligned values, expertise and unwavering commitment to our clients, I have every confidence that, together we will make a powerful impact on behalf of our clients and communities. We look forward to welcoming our new colleagues and growing in partnership”.

Rich Overmoyer, CEO of Fourth Economy, says “Joining Steer allows us to build on over a decade of changing how people view economic development. This partnership will allow us to scale our offerings and make an even greater impact for our clients”. 

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