The Associated Press reports that White House spokesman Robert Gibbs today announced that Pittsburgh will be hosting the G20 Summit on Sept. 24 & 25, 2009. The summit is a gathering of the leaders of the top economies of the world representing 85 percent of the world's production and 80 percent of the world's trade.
Why Pittsburgh? The Wall Street Journal economics blog explains that this is the approach often followed by the Group of Eight, the organization of big industrialized countries, whose summits have been used as an economic development tool and as a way to bring businesses to cities outside the host nation’s capital.
hat tip: Karen Shephard