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LVEDC News

Origami Dinosaur Maker Finds Success Through Lehigh Valley’s Resources for Entrepreneurs

Colin McEvoy
Administrator

January 27th, 2015
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When Lisa Glover first walked into a Lehigh University Halloween party wearing a 15-foot velociraptor costume made out of cardboard, she had no idea it was the start a path that would end with starting her own company. Glover, now 24, built the costume for her master’s-level Technical Entrepreneurship course, which urged students to utilize […]

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Lehigh Valley One of Few U.S. Regions Fully Recovered from Recession, Study Says

Colin McEvoy
Administrator

January 27th, 2015
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Unlike the majority of the nation’s metropolitan areas, the Lehigh Valley has fully recovered economically from the Great Recession, according to a new study by the Brookings Institution. The Lehigh Valley is one of only 32 out of 80 United States metropolitan areas with equal or higher GDP per capita and employment in comparison to […]

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Financial Incentives Help Pennsylvania Remain Competitive

Colin McEvoy
Administrator

January 27th, 2015
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This column, written by LVEDC President and CEO Don Cunningham, originally appeared in Lehigh Valley Business on Jan. 26, 2015. If you live in the Lehigh Valley and pay attention to the redevelopment of Allentown and Bethlehem you’ve learned a few new acronyms in recent years: NIZ and CRIZ. They are acronyms used so often they are […]

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Low-Interest Loan Program Administered By LVEDC Produces Many Success Stories

Colin McEvoy
Administrator

January 26th, 2015
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A Bethlehem-based technical ceramics manufacturing company recently closed on a loan that helped them undertake a major expansion project last year. It is just one of many success stories from across the region for a low-interest state loan program administered by the Lehigh Valley Economic Development Corporation (LVEDC). National Magnetics Group, Inc., expanded their 50,000-square-foot […]

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Physicians Travel From Around Nation to See St. Luke’s University Health Network’s Technology

Colin McEvoy
Administrator

January 20th, 2015
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Physicians and medical professionals travel to Bethlehem from all across the world to see the latest in medical technology. This article is part of an ongoing series about the superior health care offered in the Lehigh Valley. See below for information about the other stories: • PART 1: St. Luke’s University Health Network • PART 2: Lehigh […]

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Renaissance Allentown Hotel Becomes City’s First New Hotel in 35 Years

Colin McEvoy
Administrator

January 20th, 2015
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When it began work on a new hotel in the heart of downtown Allentown, City Center Lehigh Valley took a risk by starting the $65 million project without a commitment from a specific brand, and many claimed they would never land the kind of international luxury hotel company they were seeking. Those naysayers were proven […]

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Entrepreneurship Council of the Lehigh Valley Has New Name, New Focus

Colin McEvoy
Administrator

January 20th, 2015
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New name, new mission, new focus on improving the entrepreneurial environment of the Lehigh Valley. Thursday marked the first meeting of the newly reorganized Entrepreneurship Council of the Lehigh Valley (ECLV), a Lehigh Valley Economic Development Corporation (LVEDC) council dedicated to listening to the region’s entrepreneurial community and identifying its unmet needs. The LVEDC has […]

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504 Loans: The Right Piece to a Financing Puzzle

Colin McEvoy
Administrator

January 15th, 2015
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This article was written by Barry Reifinger, a vice president and commercial loan officer with ESSA Bank & Trust, and originally appeared in the Northeast Pennsylvania Business Journal on Jan. 6, 2015. Many business owners are familiar with the federal government’s Small Business Administration (SBA) and its popular 7(a) small business loan program. The flagship program is on track […]

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LVEDC Highlights Lehigh Valley’s Economic Assets Through New Billboard Campaign

Colin McEvoy
Administrator

January 13th, 2015
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If you’ve driven through Allentown on Route 22 recently, or crossed the Lehigh River via Bethlehem’s Hill to Hill Bridge, then you may have picked up on a few interesting facts about the economic strengths of the Lehigh Valley. Like, for example, that our gross domestic product is $32 billion, or that 15,000 companies make […]

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Pharmaceutical Company Expanding in Lehigh Valley with Help from Loan

Colin McEvoy
Administrator

January 13th, 2015
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An Allentown-based pharmaceutical manufacturer is expanding and opening a second facility in the city, thanks in part to financing assistance from the Lehigh Valley Economic Development Corporation (LVEDC). Lehigh Valley Technologies, Inc. is purchasing a 39,000 square-foot building it has previously been renting at 700 North Fenwick Street, which will allow them to expand its current […]

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LVEDC Loans & Interest Rates

Details Here

Type Rate Date
PIDA 2.25% 1/14/15
SBA 504 4.60% (20 years) 1/14/15
SBFF 3.25% 1/14/15
MELF 3.25% 1/14/15