Unique Challenges. Unique Needs.

LVEDC recognizes that minority and women-owned businesses have unique needs. Overcoming cultural differences and accessing capital can be challenging. Fortunately, the Lehigh Valley has several resources to help you achieve your goals and grow your business.

 

Lehigh Valley Business Resources

• LVEDC - Office of Minority and Women Owned Businesses 
• Community Action Committee of the Lehigh Valley
• Greater Lehigh Vally Chamber of Commerce Women's Business Council
• PA-NJ-DE Minority Supplier Development Council
• United States Hispanic Chamber of Commerce
• Small Business Administration Women-Owned Small Business Federal Contract Program
  

Financing

PENNSYLVANIA MINORITY BUSINESS DEVELOPMENT AUTHORITY

PMBDA offers low-interest loans to businesses that are owned and operated by minorities. There are minimal restrictions on the type of businesses that may apply for loans. Interest rates are one-half of prime but not less than 4 percent. Maximum loan amount is $500,000 or $750,000, depending upon whether the business is located in a targeted area and depending upon the nature of the business. PMBDA also operates a loan guarantee program similar to PennCAPs but targeted toward the minority business community.

Research/Studies

2008 Portrait of Latino Business Owners and Professionals in the Lehigh Valley

The study was commissioned by the Latino Economic Council (LEC) of LVEDC as part of a larger effort to increase the visibility and success of Latino business owners and professionals in the region. The Lehigh Valley Workforce Investment Board, Greater Lehigh Valley Chamber of Commerce Foundation, LVEDC, Air Products Foundation, Sovereign Bank and PPL provided the funding to launch and complete the study.