Lehigh Valley Economic Development Corporation

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LVEDC News

Local Elected Officials Meet in Newly-Revamped LVEDC Local Government Council

Colin McEvoy
Administrator

July 27th, 2015
News
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A strong regional partnership between private and public sectors has long been an asset for the Lehigh Valley, allowing it to compete on an economic development stage even with larger regions. Now, collaborative efforts between the region’s local governments are growing even stronger, further bolstering that regional partnership. About 40 elected and appointed representatives from […]

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New Study Assesses Strengths and Weaknesses of Lehigh Valley Workforce

Colin McEvoy
Administrator

July 23rd, 2015
News
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A comprehensive new study assesses the strengths and weaknesses of the Lehigh Valley’s workforce, provides key strategies for how to improve upon them, and lays the foundation for a new council linking local educational institutions and economic development agencies in a way that has never been done before. “This study provides crucial data in forming […]

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Walmart Unveils Second e-Commerce Center in Bethlehem, Its “Jewel in the Crown”

Colin McEvoy
Administrator

July 22nd, 2015
News
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Global e-commerce sales are a booming enterprise for Walmart, rising approximately 22 percent last year to a total of $12.2 billion. And the heart of Walmart’s growing e-commerce distribution network is now located right here in the Lehigh Valley. Walmart held a grand opening and sneak preview event on July 22 at its recently-opened 1.2 […]

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Freshpet To Double Capacity, Create New Jobs with Lehigh Valley Expansion

Colin McEvoy
Administrator

July 21st, 2015
News
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Just two years after moving into the Lehigh Valley, Freshpet Kitchens is now ready to expand. The company, which makes fresh refrigerated food for cats and dogs, will be adding 32,000 square-feet to its Hanover Township, Northampton County facility, doubling its capacity by mid-2016 and creating up to 60 new jobs. “We are proud to […]

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LVEDC Announces ‘Extraordinary’ $2.5 Million Small Business Financing Program

Colin McEvoy
Administrator

July 21st, 2015
News
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The Lehigh Valley Economic Development Corporation (LVEDC) and a coalition of regional partners have announced the availability of a new financing program for small businesses that offers up to 90 percent financing of eligible real estate and machinery and equipment costs at a fixed rate of interest for up to 20 years. The new program […]

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Fortune Magazine Names Allentown One of Five Cities with “Up-and-Coming” Downtowns

Colin McEvoy
Administrator

July 20th, 2015
News
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The revitalization of downtown Allentown continues to draw national attention, including a recent endorsement from Fortune Magazine. Fortune, one of the top business magazines in the country, identified Allentown as one of the top five cities with resurgent, “up-and-coming” downtown neighborhoods. “One of the big stories of the past few years has been the striking […]

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Truck Driving Programs Serve a Crucial Need in Lehigh Valley Workforce

Angelo Fattore
Editor

July 14th, 2015
News
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“Eastbound and down, loaded up and truckin’, we’re gonna do what they said can’t be done.” These are the familiar lyrics echoed by Jerry Reed through the 1977 classic Burt Reynolds’ film Smokey and the Bandit. But truck drivers serve a much more important role than hauling bootlegged Coors beer. It is a crucial sector […]

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March of Dimes Real Estate Awards to Continue Honoring Lehigh Valley Individuals, Organizations

Colin McEvoy
Administrator

July 2nd, 2015
News
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For more than two decades, this prestigious event has honored individuals and organizations that have made significant contributions to the local community, as well as the projects that have helped create jobs and advance economic development in the Lehigh Valley. That tradition will continue on October 9, when the 22nd Annual March of Dimes Commercial […]

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Lehigh Valley Programs Offer Space for Aspiring Entrepreneurs to Create

Colin McEvoy
Administrator

July 2nd, 2015
News
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The Lehigh Valley has always had a wide range of resources for young entrepreneurs and startup companies. From business incubators like Ben Franklin TechVentures or the Bridgeworks Enterprise Center, to Lehigh University programs like the Baker Institute or the master’s-level technical entrepreneurship course, the region offers many ways to help turn a creative idea into […]

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Lehigh Valley Receives International Attention in Plastics Industry

Colin McEvoy
Administrator

July 2nd, 2015
News
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The Lehigh Valley has received some international attention as a result of the Lehigh Valley Economic Development Corporation (LVEDC) meeting with a contingent of visiting journalists earlier this year. Modern Plastics India, one of the premier plastics trade publications in South Asia, published a comprehensive supplement about the Lehigh Valley and its high concentration and […]

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LVEDC Loans & Interest Rates

Details Here

Type Rate Date
PIDA 2.75% 7/24/15
SBA 504 4.95% (20 years) 4.35% (10 years) 7/24/15
PIDA: SBFF 3.75% 7/24/15
PIDA: MELF 3.75% 7/24/15