Back

LVEDC Releases 2015 Annual Report

By Colin McEvoy on March 24, 2016

2015 was a remarkable year for the Lehigh Valley. The region’s GDP exceeded $35 billion for the first time in its history. Multiple overseas companies decided to establish their U.S. operations hereSite Selection magazine ranked it the top region of its size for economic development in the Northeast.

All of those feats and more have been highlighted in the Lehigh Valley Economic Development Corporation (LVEDC) 2015 Annual Report, which was released during the organization’s annual meeting on March 22.

“We saw many great success stories in the Lehigh Valley in 2015,” Don Cunningham, LVEDC President and CEO, wrote in the introduction. “Job growth continues to rise, our manufacturing base is strong, our e-commerce community continues to grow rapidly, and international companies have come to recognize the Lehigh Valley as a perfect entry into the Northeastern U.S. markets.”

Click here to download a PDF of the full 28-page report, or read through individual pages below.

The report highlights 19 major 2015 business attraction and/or expansion projects in the Lehigh Valley, including Safran, Guardian Life Insurance, SunOpta, C&S Wholesale Grocers, Nihon Kohden, Primark Stores, Tyber Medical, and more.

The report draws attention to the Lehigh Valley Lending Network, the LVEDC Education and Talent Supply Council, and the new LVEDC website, all of which were launched in 2015. It also highlights the fact that LVEDC’s redevelopment program experienced the biggest year in its 18-year history.

The LVEDC 2015 Annual Report was designed by Michelle Chrin. Learn more about her here.

Allentown Ranked One of the Top 100 Best Places to Live

U.S. News & World Report has included Allentown in its list of the top 100 "Best Places to Live." The prestigious list takes several factors into consideration, inc[...]

Continue to Next Page

Lehigh ValleyQuick Facts

Industry Spotlight

13.8% of Labor Force
Employed in Professional & Business Services
Q4 2016

By the Numbers
$39.1 Billion

Gross Domestic Product
2016

Investor Spotlight
City Center Lehigh Valley
Industry Spotlight

9.8% of Labor Force
Employed in Manufacturing
Q4 2016

By the Numbers
$3.44 Billion

Exports
2015

Investor Spotlight
Air Products
Industry Spotlight

1,504 Total Office Buildings
Q2 2017

By the Numbers
$57,510

Median Household Income

Investor Spotlight
PPL Electric Utilities
Industry Spotlight

1,770 Total Industrial Buildings
Q2 2017

By the Numbers
24,400

New Jobs Created Over Past 5 Years

Investor Spotlight
National Penn
Industry Spotlight

5.0% Industrial
Vacancy Rate
Q2 2017

By the Numbers
658,477

Population

Investor Spotlight
Olympus
Industry Spotlight

7.7% Office
Vacancy Rate
Q2 2017

By the Numbers
342,493

Labor Force

Investor Spotlight
Lutron Electronics
Industry Spotlight

17.2% of Labor Force
Employed in Health Care & Social Assistance

By the Numbers
5,073

Technology Patents from 2000-2015

Investor Spotlight
Mack Trucks
Industry Spotlight

9.1% Increase in exports
Among top 20 markets nationally in export growth

By the Numbers
25.8 Million

Total Office Inventory (Square Feet)
Q2 2017

Investor Spotlight
UGI
Industry Spotlight

10.1% Industrial rent growth
Second highest in the U.S.

By the Numbers
115.5 Million

Total Industrial Inventory (Square Feet)
Q2 2017

Investor Spotlight
NFI