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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.

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Lehigh ValleyQuick Facts

  • Industry Spotlight

    14.2% of Labor Force
    Employed in Professional & Business Services
    Q4 2016

  • By the Numbers
    $37 Billion

    Gross Domestic Product

  • Investor Spotlight
    City Center Lehigh Valley
  • Industry Spotlight

    10.2% of Labor Force
    Employed in Manufacturing
    Q4 2016

  • By the Numbers
    $4.3 Billion

    Exports (2015)

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    Air Products
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    1325 Total Office Buildings

  • By the Numbers
    $58,134

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    1707 Total Industrial Buildings

  • By the Numbers
    24,400

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    4.8% Industrial
    Vacancy Rate

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    658,477

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    8.8% Office
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    336,100

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    10% of Labor Force
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    4,359

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    1.6% of Labor Force
    Employed in Food & Beverage Manufacturing
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