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LEHIGH VALLEY, PA
Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. Our two-county region is home to 675,000 people and includes the cities of Allentown, Bethlehem, and Easton.DEMOGRAPHICS
Our Community The population that makes up the Lehigh Valley and surrounding area is diverse and brings to our community an eclectic mix of cultures, experiences, and lifestyles. Here is an overview of the demographic information we have gathered that paints a picture of the Lehigh Valley as a whole. Two-County Population: 674,603 Gross Domestic Product: $43.3 billion Median LEHIGH VALLEY'S EMPLOYMENT SITUATION IMPROVES, RECOVERY Lehigh Valley has recovered about three-fourths of the jobs lost at the peak of the downturn. Lehigh Valley employment is down 4.6% year over year. Pennsylvania employment is down 6.1%. “The March labor data shows the progress Lehigh Valley’s economy has made during a historically challenging year. The last 12 months has been a tale oftwo
LARGEST EMPLOYERS IN LEHIGH VALLEY The rise of online retail has created a boom in e-commerce and logistics in the Lehigh Valley. Within a day’s drive of one-third of the U.S. population, the Lehigh Valley is a logistics hub, with 35,000 jobs and year-over-year growth of 9.4% for the past five years. Major logistics employers in the Lehigh Valley include. Amazon. FedEx Ground MAPS OF THE LEHIGH VALLEY Located just 90 minutes west of New York City and an hour north of Philadelphia, Lehigh Valley is no one’s suburb. It’s the 65th largest metropolitan region in BROWNFIELD REDEVELOPMENT The Lehigh Valley Land Recycling Initiative (LVLRI), LVEDC’s redevelopment program, is focused on promoting economic development through the reuse of abandoned and underutilized commercial and industrial properties, also known as brownfields. Fostering economic development while protecting human health and the environment is animportant
LVEDC LAUNCHES NEW STUDY TO ANALYZE EVOLVING TALENT MARKET The firm Camoin 310, in partnership with the labor market analytics group EMSI, will update LVEDC’s & WBLV’s existing research, reassess employers’ talent needs, and validate the strategic approaches the region is using to address the most important talent supply issues. “Talent has become the primary factor in attracting and retaining business, and the COVID-19 pandemic has doneNORAC (BAKERLY)
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET BOWERY FARMING TO CREATE 70 JOBS WITH NEW BETHLEHEM The New York City-based Bowery Farming, Inc. has announced it will open a 150,000 square-foot facility in Bethlehem, making it only the fourth vertical farm operation in the United States, and the first in Pennsylvania. The project will create and retain at least 70 new, full-time jobs within the next three years, and the company haspledged to
VETERAN JOURNALIST HIRED AS NEW LVEDC DIRECTOR OF RESEARCH The Lehigh Valley Economic Development Corporation (LVEDC) has hired a veteran journalist with more than two decades of professional experience to lead theLEHIGH VALLEY, PA
Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. Our two-county region is home to 675,000 people and includes the cities of Allentown, Bethlehem, and Easton.DEMOGRAPHICS
Our Community The population that makes up the Lehigh Valley and surrounding area is diverse and brings to our community an eclectic mix of cultures, experiences, and lifestyles. Here is an overview of the demographic information we have gathered that paints a picture of the Lehigh Valley as a whole. Two-County Population: 674,603 Gross Domestic Product: $43.3 billion Median LEHIGH VALLEY'S EMPLOYMENT SITUATION IMPROVES, RECOVERY Lehigh Valley has recovered about three-fourths of the jobs lost at the peak of the downturn. Lehigh Valley employment is down 4.6% year over year. Pennsylvania employment is down 6.1%. “The March labor data shows the progress Lehigh Valley’s economy has made during a historically challenging year. The last 12 months has been a tale oftwo
LARGEST EMPLOYERS IN LEHIGH VALLEY The rise of online retail has created a boom in e-commerce and logistics in the Lehigh Valley. Within a day’s drive of one-third of the U.S. population, the Lehigh Valley is a logistics hub, with 35,000 jobs and year-over-year growth of 9.4% for the past five years. Major logistics employers in the Lehigh Valley include. Amazon. FedEx Ground MAPS OF THE LEHIGH VALLEY Located just 90 minutes west of New York City and an hour north of Philadelphia, Lehigh Valley is no one’s suburb. It’s the 65th largest metropolitan region in BROWNFIELD REDEVELOPMENT The Lehigh Valley Land Recycling Initiative (LVLRI), LVEDC’s redevelopment program, is focused on promoting economic development through the reuse of abandoned and underutilized commercial and industrial properties, also known as brownfields. Fostering economic development while protecting human health and the environment is animportant
LVEDC LAUNCHES NEW STUDY TO ANALYZE EVOLVING TALENT MARKET The firm Camoin 310, in partnership with the labor market analytics group EMSI, will update LVEDC’s & WBLV’s existing research, reassess employers’ talent needs, and validate the strategic approaches the region is using to address the most important talent supply issues. “Talent has become the primary factor in attracting and retaining business, and the COVID-19 pandemic has doneNORAC (BAKERLY)
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET BOWERY FARMING TO CREATE 70 JOBS WITH NEW BETHLEHEM The New York City-based Bowery Farming, Inc. has announced it will open a 150,000 square-foot facility in Bethlehem, making it only the fourth vertical farm operation in the United States, and the first in Pennsylvania. The project will create and retain at least 70 new, full-time jobs within the next three years, and the company haspledged to
VETERAN JOURNALIST HIRED AS NEW LVEDC DIRECTOR OF RESEARCH The Lehigh Valley Economic Development Corporation (LVEDC) has hired a veteran journalist with more than two decades of professional experience to lead the DEVELOPMENT INTEREST IN LEHIGH VALLEY REMAINS AT A HIGH Continued strong interest in the Lehigh Valley has fueled construction of industrial buildings. Despite the pandemic, in 2020 the Lehigh Valley added 13 industrial buildings totaling 3.3 million square feet. At the end of 2020, more than 8.7 million square feet of industrial space was under construction in Lehigh or Northampton counties LEHIGH VALLEY ECONOMIC PROFILE The private sector input of Lehigh Valley GDP of $43.3 billion is higher than that of the entire states of Alaska, Wyoming and Vermont, and if the Lehigh Valley were a country, it’s economy would be larger than 100 countries in the world. The Lehigh Valley ranks 65th out of the 384 largest metropolitan statistical areas in the UnitedStates
CIGARS INTERNATIONAL NEARLY DOUBLING ITS SPACE WITH Cigars International, an online and catalog-based retailer of quality cigars, is expanding its headquarters in Bethlehem by an additional 100,000 square-feet, nearly doubling its existing space in the Lehigh Valley.. The company has broken ground on the expansion project at 1911 Spillman Drive in Lehigh Valley Industrial Park VII, where its existing 113,500 square-foot facility is located. BIOPHARMACEUTICAL COMPANY YOURWAY EXPANDING ITS LEHIGH “Adding this new capacity into Yourway’s already unique approach to integrated clinical trial services is the next logical step in the company’s commitment to providing unmatched comprehensive support for the clinical trials needs of clients, offering end-to-end support from packaging all the way to courier services under one company,” said Gulam Jaffer, Founder & President of Yourway. LVEDC ENGAGES FIRM TO DEVELOP ECONOMIC DEVELOPMENT ACTION The Lehigh Valley Economic Development Corporation has engaged a nationally-recognized consulting firm to develop an updated economic development action plan for the Lehigh Valley, which will also inform the creation of LVEDC’s next strategic plan.. Garner Economics LLC, an economic development strategy and location advisory firm, will once again conduct a detailed analysis that will OWENS & MINOR LAUDED BY PRESIDENT TRUMP FOR ROLE IN Owens & Minor, a leading medical supply wholesaler, landed in the national spotlight Thursday when President Donald Trump visited its Lehigh Valley distribution center to laud the company’s role and the work of its Lehigh Valley employees in the fight against COVID-19. Nimbly ramping up production, Owens & Minor has delivered millions of 2021 STATE OF NORTHAMPTON COUNTY 2021 State of Northampton County By Liz Martin on April 13, 2021. Date/Time Date(s) - 04/13/2021 11:00 am - 12:00 pm. Add to Calendar iCal Google Calendar. The Lehigh Valley Economic Development Corporation (LVEDC) will host the “State of the County” for Northampton County on Tuesday, April 13th at 11AM.. County Executive Lamont McClure will hold his address virtually. LEHIGH VALLEY REGIONAL ORGANIZATIONS The Lehigh Valley could not have achieved the success it has without the assistance and cooperation of multiple partner organizations and stakeholders committed to LVEDC’s vision of a region with a diverse economic base that enable businesses to come, start, andNORAC (BAKERLY)
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET BIO MED SCIENCES TRIPLES ITS SPACE WITH NEW LEHIGH VALLEY Bio Med Sciences Inc. is moving its headquarters from its current Upper Macungie Township location to a new facility totaling more than 40,000 square feet in Hanover Township, Lehigh County. The 999 Postal Road location will allow the company to add a newer and faster production line, with greater efficiency and more automation than its current equipment, according to companyLEHIGH VALLEY, PA
Lehigh Valley: Come here. Start here. Grow here. Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. LARGEST EMPLOYERS IN LEHIGH VALLEY Lehigh Valley’s Largest Employers. With a GDP of $43.3 billion, larger than that of the states of Alaska, Wyoming and Vermont, the Lehigh Valley is home to more than 15,000 businesses, including Fortune 500 companies and nationally-recognized brands.Here are someof
BROWNFIELD REDEVELOPMENT Sustainable Development. The Lehigh Valley Land Recycling Initiative (LVLRI), LVEDC’s redevelopment program, is focused on promoting economic development through the reuse of abandoned and underutilized commercial and industrial properties, also known as brownfields. LEHIGH VALLEY'S UNEMPLOYMENT RATE Lehigh Valley’s unemployment rate in March climbed from 4.6% to 5.8%, reflecting the first weeks of the business disruption caused by the Covid-19 pandemic.EVERSON TESLA
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET FEBRUARY 2021 ISSUE OF LVSTARTUP HAS BEEN RELEASED The February 2021 issue of LVstartup, a monthly e-newsletter about entrepreneurs and startups in the Lehigh Valley, has been released. Click here to see the new issue, and click here if you’d like to subscribe to future issues of the LVstartup e-newsletter, which is released each first Thursday of the month.. This month’s edition highlights stories about the release of the Lehigh Valley LEHIGH VALLEY REGIONAL ORGANIZATIONS Lehigh Valley Regional Organizations that are here to help your business succeed. Start here or call us at 610-266-6775 LEHIGH VALLEY CONSTRUCTION COMPANIES RESUME ACTIVITY When Gov. Tom Wolf announced that construction activity in the state could resume at the beginning of this month, Lehigh Valley contractorswere ready.
QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY As part of our mission to help businesses come, grow, and start here, the Lehigh Valley Economic Development Corporation (LVEDC) will be doing a round-up each quarter of available business incubator space in the Lehigh Valley. See below for more information. Ben Franklin TechVentures. 116 Research Dr, Bethlehem, PALEHIGH VALLEY, PA
Lehigh Valley: Come here. Start here. Grow here. Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. LARGEST EMPLOYERS IN LEHIGH VALLEY Lehigh Valley’s Largest Employers. With a GDP of $43.3 billion, larger than that of the states of Alaska, Wyoming and Vermont, the Lehigh Valley is home to more than 15,000 businesses, including Fortune 500 companies and nationally-recognized brands.Here are someof
BROWNFIELD REDEVELOPMENT Sustainable Development. The Lehigh Valley Land Recycling Initiative (LVLRI), LVEDC’s redevelopment program, is focused on promoting economic development through the reuse of abandoned and underutilized commercial and industrial properties, also known as brownfields. LEHIGH VALLEY'S UNEMPLOYMENT RATE Lehigh Valley’s unemployment rate in March climbed from 4.6% to 5.8%, reflecting the first weeks of the business disruption caused by the Covid-19 pandemic.EVERSON TESLA
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET FEBRUARY 2021 ISSUE OF LVSTARTUP HAS BEEN RELEASED The February 2021 issue of LVstartup, a monthly e-newsletter about entrepreneurs and startups in the Lehigh Valley, has been released. Click here to see the new issue, and click here if you’d like to subscribe to future issues of the LVstartup e-newsletter, which is released each first Thursday of the month.. This month’s edition highlights stories about the release of the Lehigh Valley LEHIGH VALLEY REGIONAL ORGANIZATIONS Lehigh Valley Regional Organizations that are here to help your business succeed. Start here or call us at 610-266-6775 LEHIGH VALLEY CONSTRUCTION COMPANIES RESUME ACTIVITY When Gov. Tom Wolf announced that construction activity in the state could resume at the beginning of this month, Lehigh Valley contractorswere ready.
QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY As part of our mission to help businesses come, grow, and start here, the Lehigh Valley Economic Development Corporation (LVEDC) will be doing a round-up each quarter of available business incubator space in the Lehigh Valley. See below for more information. Ben Franklin TechVentures. 116 Research Dr, Bethlehem, PADEMOGRAPHICS
Our Community The population that makes up the Lehigh Valley and surrounding area is diverse and brings to our community an eclectic mix of cultures, experiences, and lifestyles. Here is an overview of the demographic information we have gathered that paints a picture of the Lehigh Valley as a whole. Two-County Population: 674,603 Gross Domestic Product: $43.3 billion Median LEHIGH VALLEY'S UNEMPLOYMENT RATE Lehigh Valley’s unemployment rate in March climbed from 4.6% to 5.8%, reflecting the first weeks of the business disruption caused by the Covid-19 pandemic. RESEARCH CONSORTIUM REPORT FOCUSES ON LEHIGH VALLEY The year 2020 brought unique challenges to Lehigh Valley. A research consortium supported by region’s private colleges and universities focused its annual State of the Lehigh Valley report this year on the community’s resilience in addressing effects of the COVID-19 pandemic. “COVID-19 has challenged our region in ways unimaginable a few months ago,” said Christine Carpino, BIOPHARMACEUTICAL COMPANY YOURWAY EXPANDING ITS LEHIGH “Adding this new capacity into Yourway’s already unique approach to integrated clinical trial services is the next logical step in the company’s commitment to providing unmatched comprehensive support for the clinical trials needs of clients, offering end-to-end support from packaging all the way to courier services under one company,” said Gulam Jaffer, Founder & President of Yourway. LVEDC ENGAGES FIRM TO DEVELOP ECONOMIC DEVELOPMENT ACTION The Lehigh Valley Economic Development Corporation has engaged a nationally-recognized consulting firm to develop an updated economic development action plan for the Lehigh Valley, which will also inform the creation of LVEDC’s next strategic plan.. Garner Economics LLC, an economic development strategy and location advisory firm, will once again conduct a detailed analysis that will CIGARS INTERNATIONAL NEARLY DOUBLING ITS SPACE WITH Cigars International, an online and catalog-based retailer of quality cigars, is expanding its headquarters in Bethlehem by an additional 100,000 square-feet, nearly doubling its existing space in the Lehigh Valley.. The company has broken ground on the expansion project at 1911 Spillman Drive in Lehigh Valley Industrial Park VII, where its existing 113,500 square-foot facility is located. UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY As part of our mission to help businesses come, grow, and start here, the Lehigh Valley Economic Development Corporation (LVEDC) will be doing a round-up each quarter of available business incubator space in the Lehigh Valley. See below for more information. Ben Franklin TechVentures. 116 Research Dr, Bethlehem, PA QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. LVEDC RELEASES FIRST COMMERCIAL REAL ESTATE REPORT SINCE It’s a very different world since the last issue of the Lehigh Valley Commercial & Industrial Real Estate Report had been released. The Lehigh Valley Economic Development Corporation (LVEDC) has released the latest issue of the quarterly report, which provides a detailed overview of industrial and office market activity and notable real estate transactions in the region during the first LONG-ABANDONED CATASAUQUA SITE GETS NEW LIFE AS 'THE IRON It’s been a decade since the F.L. Smidth site in Catasauqua was first abandoned, and the smoke stacks and brick buildings of the one-time industrial hub of activity in the Lehigh Valley have stood empty and rusting ever since.. In the years since, borough officials and the Lehigh Valley Economic Development Corp. (LVEDC) have been working to redevelop and breathe new life into the 12.5-acreLEHIGH VALLEY, PA
Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. Our two-county region is home to 675,000 people and includes the cities of Allentown, Bethlehem, and Easton. LARGEST EMPLOYERS IN LEHIGH VALLEY The rise of online retail has created a boom in e-commerce and logistics in the Lehigh Valley. Within a day’s drive of one-third of the U.S. population, the Lehigh Valley is a logistics hub, with 35,000 jobs and year-over-year growth of 9.4% for the past five years. Major logistics employers in the Lehigh Valley include. Amazon. FedEx Ground LEHIGH VALLEY'S UNEMPLOYMENT RATE The statewide unemployment rate in March was 6%. Historical perspective: Lehigh Valley’s unemployment rate in March 2019 was 4.3%. Annually, Lehigh Valley’s unemployment has been below 5% for the last three years. It was 5.3% in 2015 and 2016 and 6% in 2014. What’s next: The unemployment rate for April could increase dramatically because FEBRUARY 2021 ISSUE OF LVSTARTUP HAS BEEN RELEASED The February 2021 issue of LVstartup, a monthly e-newsletter about entrepreneurs and startups in the Lehigh Valley, has been released. Click here to see the new issue, and click here if you’d like to subscribe to future issues of the LVstartup e-newsletter, which is released each first Thursday of the month.. This month’s edition highlights stories about the release of the Lehigh Valley LEHIGH VALLEY CONSTRUCTION COMPANIES RESUME ACTIVITY By Colin McEvoy on May 11, 2020. A new facility under development by J.G. Petrucci Company Inc. for EcoTech Marine at Lehigh Valley Industrial Park VII. (photo courtesy J.G. Petrucci) When Pennsylvania Gov. Tom Wolf announced that construction activity in the state could resume at the beginning of this month, Lehigh Valley contractors wereready.
EVERSON TESLA
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET LEHIGH VALLEY REGIONAL ORGANIZATIONS The Lehigh Valley could not have achieved the success it has without the assistance and cooperation of multiple partner organizations and stakeholders committed to LVEDC’s vision of a region with a diverse economic base that enable businesses to come, start, and QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. LVEDC INTERVIEWS NEW PRESIDENT OF GOOD SHEPHERD By Colin McEvoy on October 1, 2020. LVEDC President & CEO Don Cunningham interviews Michael Spigel, President & CEO of Good Shepherd Rehabilitation Network, for the latest entry in LVEDC’s executive virtual interview series. When it comes to leading Good Shepherd Rehabilitation Network, Michael Spigel said his approach starts with asingle
UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY Office 236 – 430 square feet. Office 2216 – 177 square feet. All lab space is $18/square foot per year, and all office space is $15/square foot per year. All labs include fume hoods, built-in bench and cabinets, compressed air and vacuum lines, and some have emergency power backup outlets. Visit here for more information.LEHIGH VALLEY, PA
Lehigh Valley, located on the eastern border of Pennsylvania, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 65th largest metropolitan region in the United States, with a $43.3 billion GDP. Our two-county region is home to 675,000 people and includes the cities of Allentown, Bethlehem, and Easton. LARGEST EMPLOYERS IN LEHIGH VALLEY The rise of online retail has created a boom in e-commerce and logistics in the Lehigh Valley. Within a day’s drive of one-third of the U.S. population, the Lehigh Valley is a logistics hub, with 35,000 jobs and year-over-year growth of 9.4% for the past five years. Major logistics employers in the Lehigh Valley include. Amazon. FedEx Ground LEHIGH VALLEY'S UNEMPLOYMENT RATE The statewide unemployment rate in March was 6%. Historical perspective: Lehigh Valley’s unemployment rate in March 2019 was 4.3%. Annually, Lehigh Valley’s unemployment has been below 5% for the last three years. It was 5.3% in 2015 and 2016 and 6% in 2014. What’s next: The unemployment rate for April could increase dramatically because FEBRUARY 2021 ISSUE OF LVSTARTUP HAS BEEN RELEASED The February 2021 issue of LVstartup, a monthly e-newsletter about entrepreneurs and startups in the Lehigh Valley, has been released. Click here to see the new issue, and click here if you’d like to subscribe to future issues of the LVstartup e-newsletter, which is released each first Thursday of the month.. This month’s edition highlights stories about the release of the Lehigh Valley LEHIGH VALLEY CONSTRUCTION COMPANIES RESUME ACTIVITY By Colin McEvoy on May 11, 2020. A new facility under development by J.G. Petrucci Company Inc. for EcoTech Marine at Lehigh Valley Industrial Park VII. (photo courtesy J.G. Petrucci) When Pennsylvania Gov. Tom Wolf announced that construction activity in the state could resume at the beginning of this month, Lehigh Valley contractors wereready.
EVERSON TESLA
Lehigh Valley Economic Development Corporation 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get Directions. Phone: 610-266-6775 Fax: 610-266-7623 Hours: Monday - Friday, 9 a.m. to 5 p.m. ET LEHIGH VALLEY REGIONAL ORGANIZATIONS The Lehigh Valley could not have achieved the success it has without the assistance and cooperation of multiple partner organizations and stakeholders committed to LVEDC’s vision of a region with a diverse economic base that enable businesses to come, start, and QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. LVEDC INTERVIEWS NEW PRESIDENT OF GOOD SHEPHERD By Colin McEvoy on October 1, 2020. LVEDC President & CEO Don Cunningham interviews Michael Spigel, President & CEO of Good Shepherd Rehabilitation Network, for the latest entry in LVEDC’s executive virtual interview series. When it comes to leading Good Shepherd Rehabilitation Network, Michael Spigel said his approach starts with asingle
UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY Office 236 – 430 square feet. Office 2216 – 177 square feet. All lab space is $18/square foot per year, and all office space is $15/square foot per year. All labs include fume hoods, built-in bench and cabinets, compressed air and vacuum lines, and some have emergency power backup outlets. Visit here for more information. LEHIGH VALLEY'S UNEMPLOYMENT RATE The statewide unemployment rate in March was 6%. Historical perspective: Lehigh Valley’s unemployment rate in March 2019 was 4.3%. Annually, Lehigh Valley’s unemployment has been below 5% for the last three years. It was 5.3% in 2015 and 2016 and 6% in 2014. What’s next: The unemployment rate for April could increase dramatically becauseDEMOGRAPHICS
Our Community The population that makes up the Lehigh Valley and surrounding area is diverse and brings to our community an eclectic mix of cultures, experiences, and lifestyles. Here is an overview of the demographic information we have gathered that paints a picture of the Lehigh Valley as a whole. Two-County Population: 674,603 Gross Domestic Product: $43.3 billion Median RESEARCH CONSORTIUM REPORT FOCUSES ON LEHIGH VALLEY The year 2020 brought unique challenges to Lehigh Valley. A research consortium supported by region’s private colleges and universities focused its annual State of the Lehigh Valley report this year on the community’s resilience in addressing effects of the COVID-19 pandemic. “COVID-19 has challenged our region in ways unimaginable a few months ago,” said Christine Carpino, LVEDC ENGAGES FIRM TO DEVELOP ECONOMIC DEVELOPMENT ACTION The Lehigh Valley Economic Development Corporation has engaged a nationally-recognized consulting firm to develop an updated economic development action plan for the Lehigh Valley, which will also inform the creation of LVEDC’s next strategic plan.. Garner Economics LLC, an economic development strategy and location advisory firm, will once again conduct a detailed analysis that will BIOPHARMACEUTICAL COMPANY YOURWAY EXPANDING ITS LEHIGH “Adding this new capacity into Yourway’s already unique approach to integrated clinical trial services is the next logical step in the company’s commitment to providing unmatched comprehensive support for the clinical trials needs of clients, offering end-to-end support from packaging all the way to courier services under one company,” said Gulam Jaffer, Founder & President of Yourway. UPDATED: LEHIGH VALLEY BUSINESS INCUBATOR SPACE CURRENTLY As part of our mission to help businesses come, grow, and start here, the Lehigh Valley Economic Development Corporation (LVEDC) will be doing a round-up each quarter of available business incubator space in the Lehigh Valley. See below for more information. Ben Franklin TechVentures. 116 Research Dr, Bethlehem, PA QUALIFIED OPPORTUNITY ZONES IN ALLENTOWN, BETHLEHEM AND Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities. LVEDC RELEASES FIRST COMMERCIAL REAL ESTATE REPORT SINCE The Lehigh Valley Economic Development Corporation (LVEDC) has released the latest issue of the quarterly report, which provides a detailed overview of industrial and office market activity and notable real estate transactions in the region during the first quarter of 2020. When the previous quarter’s report was released, the LehighValley
LVEDC INTERVIEWS NEW PRESIDENT OF GOOD SHEPHERD By Colin McEvoy on October 1, 2020. LVEDC President & CEO Don Cunningham interviews Michael Spigel, President & CEO of Good Shepherd Rehabilitation Network, for the latest entry in LVEDC’s executive virtual interview series. When it comes to leading Good Shepherd Rehabilitation Network, Michael Spigel said his approach starts with asingle
LONG-ABANDONED CATASAUQUA SITE GETS NEW LIFE AS 'THE IRON A rendering of a possible vision of Catasauqua’s The Iron Works, as presented by Spillman Farmer Architects. It’s been a decade since the F.L. Smidth site in Catasauqua was first abandoned, and the smoke stacks and brick buildings of the one-time industrial hub of activity in the Lehigh Valley have stood empty and rusting ever since. In the* Languages
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LEHIGH VALLEYECONOMIC DEVELOPMENT LVEDC continues to monitor the economic impacts on Lehigh Valley from the spread of COVID-19. See the options below for information about resources available to businesses as conditions continue to develop, as well as financing assistance available for Lehigh Valley small businesses impacted by the COVID-19 pandemic and mitigation efforts. Our Target Sectors COVID-19 Response Resources COVID-19 Financing Options * High Performance Manufacturing * High Value Business Services * Life Science Research & Manufacturing * Food & Beverage ProcessingClose
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LEHIGH VALLEY:
COME HERE. START HERE. GROW HERE. Lehigh Valley, 90 minutes west of New York City and 60 minutes north of Philadelphia, is the 69th largest metropolitan region in the United States, with a $41.2 billion GDP larger than that of 112 nations. We are a two-county region in eastern Pennsylvania consisting of 62 distinct municipalities and three cities: Allentown, Bethlehem, andEaston.
_Site Selection_ magazine has recognized Lehigh Valley as the best performing region of its size for economic development in the Northeastern United States for the past three years. To learn more about the Lehigh Valley economy and the great strides it made in the past year, check out the2019
LVEDC Annual Report
.
Excited about the Made Possible in Lehigh Valley video? Visit Made Possible in Lehigh Valley to participate in our region’s initiative to tell the world about amazing opportunities for talented professionals in Lehigh Valley and share your Made Possible stories.Contact Us
LEHIGH VALLEYQUICK FACTSGet in the know!
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INVESTOR SPOTLIGHT
BY THE NUMBERS
16.3 MILLION
Total Square Feet in Office BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
-1.4% Industrial rent growthBY THE NUMBERS
6.4 MILLION
Total Square Feet in Industrial Space Under ConstructionBY THE NUMBERS
125.1 MILLION
Total Square Feet in Industrial BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
14% of the total community college degrees awarded in PABY THE NUMBERS
$7.3 BILLION
Manufacturing Contribution to GDPINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
69TH largest metropolitan area in the U.S. by populationINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10,754 degrees awarded by Lehigh Valley colleges (2017-18 academicyear)
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
85,000 employed in "Eds & Meds" sectorsBY THE NUMBERS
149,000
Population between ages 18 and 34INVESTOR SPOTLIGHT
BY THE NUMBERS
$41.2 BILLION
2018 Gross Domestic ProductINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10.6% of Labor Force Employed in ManufacturingBY THE NUMBERS
$3.8 BILLION
Exports in 2019
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,604 Total Office BuildingsBY THE NUMBERS
$65,119
Median Household IncomeINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,997 Total Industrial BuildingsINDUSTRY SPOTLIGHT
4.1% Industrial
Vacancy Rate
BY THE NUMBERS
672,907
Population
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
7% Office
Vacancy Rate
BY THE NUMBERS
358,000
Labor Force
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
26.1% of Labor Force Employed in "Eds & Meds" sectorsBY THE NUMBERS
5,073
Technology Patents
INVESTOR SPOTLIGHT
BY THE NUMBERS
16.3 MILLION
Total Square Feet in Office BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
-1.4% Industrial rent growthBY THE NUMBERS
6.4 MILLION
Total Square Feet in Industrial Space Under ConstructionBY THE NUMBERS
125.1 MILLION
Total Square Feet in Industrial BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
14% of the total community college degrees awarded in PABY THE NUMBERS
$7.3 BILLION
Manufacturing Contribution to GDPINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
69TH largest metropolitan area in the U.S. by populationINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10,754 degrees awarded by Lehigh Valley colleges (2017-18 academicyear)
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
85,000 employed in "Eds & Meds" sectorsBY THE NUMBERS
149,000
Population between ages 18 and 34INVESTOR SPOTLIGHT
BY THE NUMBERS
$41.2 BILLION
2018 Gross Domestic ProductINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10.6% of Labor Force Employed in ManufacturingBY THE NUMBERS
$3.8 BILLION
Exports in 2019
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,604 Total Office BuildingsBY THE NUMBERS
$65,119
Median Household IncomeINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,997 Total Industrial BuildingsINDUSTRY SPOTLIGHT
4.1% Industrial
Vacancy Rate
BY THE NUMBERS
672,907
Population
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
7% Office
Vacancy Rate
BY THE NUMBERS
358,000
Labor Force
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
26.1% of Labor Force Employed in "Eds & Meds" sectorsBY THE NUMBERS
5,073
Technology Patents
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ACCESS TO THE LOWEST-COST LOANS AVAILABLE The Lehigh Valley Lending Network (LVLN) is an award winning, nationally recognized unique partnership of local financial institutions with a goal to create efficiencies in accessing credit and other resources within the private commercial lending community. The LVLN also provides the client with resources to maximize the use of incentives available through the economic development community.Learn more .
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Nov26
NEW EXECUTIVE VIRTUAL INTERVIEW SERIES The last year has been a period of tremendous change in executive leadership at the Lehigh Valley’s leading companies and largest employers. There hasn’t been a time during the last 30 years when there has been this much change in a short period of time in the executive leadership of the Lehigh Valley. A new generation of leadersis shaping
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EVEN AMID A PANDEMIC, HERE ARE FIVE THINGS TO BE GRATEFUL FOR THISTHANKSGIVING
COVID-19 , ECONOMIC DATA, SUCCESS STORIES
- BY NICOLE
RADZIEVICH MERTZ ON NOVEMBER 24, 2020 The COVID-19 pandemic has upended workplaces, schools, sports, and just about every aspect of our lives as we battle to keepRead More
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FORWARD AIR CORPORATION CHOOSES LEHIGH VALLEY FOR NEW EAST COASTFACILITY
NEWS RELEASES ,
SUCCESS STORIES ,
TARGET SECTORS -
BY COLIN MCEVOY ON NOVEMBER 24, 2020 A leading asset-light freight and logistics company based in Tennessee has chosen the Lehigh Valley as the location for its nRead More
*
CHAMBER HIGHLIGHTS COVID-19 FUNDING LEHIGH VALLEY BUSINESSES RECEIVEDCOVID-19 , SUCCESS
STORIES - BY
COLIN MCEVOY ON NOVEMBER 23, 2020 The global coronavirus pandemic didn’t stop Tony Iannelli from making a grand entrance. The President & CEO of the GreateRead More
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LEHIGH VALLEY ECONOMIC DEVELOPMENT CORPORATION 2158 Avenue C, Suite 200 Bethlehem, PA 18017 Get DirectionsPhone: 610-266-6775
Fax: 610-266-7623
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LEHIGH VALLEYQUICK FACTS Show AllIndustry SpotlightBy The NumbersInvestor SpotlightBY THE NUMBERS
$41.2 BILLION
2018 Gross Domestic ProductINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10.6% of Labor Force Employed in ManufacturingBY THE NUMBERS
$3.8 BILLION
Exports in 2019
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,604 Total Office BuildingsBY THE NUMBERS
$65,119
Median Household IncomeINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
1,997 Total Industrial BuildingsINDUSTRY SPOTLIGHT
4.1% Industrial
Vacancy Rate
BY THE NUMBERS
672,907
Population
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
7% Office
Vacancy Rate
BY THE NUMBERS
358,000
Labor Force
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
26.1% of Labor Force Employed in "Eds & Meds" sectorsBY THE NUMBERS
5,073
Technology Patents
INVESTOR SPOTLIGHT
BY THE NUMBERS
16.3 MILLION
Total Square Feet in Office BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
-1.4% Industrial rent growthBY THE NUMBERS
6.4 MILLION
Total Square Feet in Industrial Space Under ConstructionBY THE NUMBERS
125.1 MILLION
Total Square Feet in Industrial BuildingsINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
14% of the total community college degrees awarded in PABY THE NUMBERS
$7.3 BILLION
Manufacturing Contribution to GDPINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
69TH largest metropolitan area in the U.S. by populationINVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
10,754 degrees awarded by Lehigh Valley colleges (2017-18 academicyear)
INVESTOR SPOTLIGHT
INDUSTRY SPOTLIGHT
85,000 employed in "Eds & Meds" sectorsBY THE NUMBERS
149,000
Population between ages 18 and 34INVESTOR SPOTLIGHT
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