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LVstartup: How to Go From Rock Bottom to Millions of Dollars

By Colin McEvoy on April 6, 2017

LVstartup is a monthly e-newsletter about the Lehigh Valley entrepreneurial scene.

LVstartup is a monthly e-newsletter about the Lehigh Valley entrepreneurial scene.

Want to know where to find space for your startup in the Lehigh Valley? Or when the best events for entrepreneurs are being held? Or how six entrepreneurs hit rock bottom, then turned disaster and persistence into millions?

All of these and more are featured in the latest issue of LVstartup, a monthly e-newsletter for entrepreneurs and startups in the Lehigh Valley, which is released the first Thursday of each month.

Click here to see a full version of the new issue, and click here if you’d like to subscribe to the e-newsletter.

The April 2017 issue features a roundup of available incubator space in the Lehigh Valley, including such locations as the Ben Franklin TechVentures, Bridgeworks Enterprise Center, Easton coWorks, Pi: Partnership for Innovation, SoBeCoWorks, and Velocity.

It also features stories from the Lehigh Valley startup scene, including two Lehigh University students winning $10,000 for their “smart bracelet,” Pennsylvania Gov. Tom Wolf visiting an Allentown manufacturer, winners from the “What’s So Cool About Manufacturing?” student video contest, and the Colony Meadery winning two medals at the nation’s largest mead competition.

In addition, the issue features various stories of interest to startups, including one from Entrepreneur magazine called “From $0 to Millionaire: How 6 Entrepreneurs Went Broke, Then Became Successful.”

The latest LVstartup also spotlights several upcoming events, including “Manufacturing Momentum in Bethlehem,” the Lehigh Valley Collegiate Business Pitch Summit, a familiarization tour at the Lehigh Valley LaunchBox, and the 2017 Ben Franklin iXchange.

Additionally, LVstartup features a Lehigh Valley startup each month. This issue, the company is the Soltech Solutions, a manufacturer of state-of-the-art LED grow lights, which recently moved to the Lehigh Valley after a comprehensive locations search.

Visit here for a full archive of past LVstartup issues. To see issues from the past six months, click on the links below:

LVEDC’s Entrepreneurship Council of the Lehigh Valley aims to improve the entrepreneurial environment of the region by listening to its entrepreneurs, identifying their unmet needs, communicating regional entrepreneurship initiatives between council members, and connecting local resources to continue the development of new entrepreneurial support initiatives.

LVstartup receives input from various organizations that serves the local entrepreneurial community, including LVEDC, the Baker Institute for Entrepreneurship, Creativity and Innovation at Lehigh University, Lehigh Valley Tech, the Allentown Economic Development Corporation (AEDC), the Bethlehem Department of Community and Economic Development, Ben Franklin Technology Partners, Penn State Lehigh Valley, and others.

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Lehigh ValleyQuick Facts

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9.1% of Labor Force
Employed in Professional, Technical, Financial & Business Services
Q2 2017

By the Numbers
$39.1 Billion

Gross Domestic Product
2016

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City Center Lehigh Valley
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10.5% of Labor Force
Employed in Manufacturing
Q2 2017

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$3.44 Billion

Exports
2015

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Air Products
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$59,989

Median Household Income

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PPL Electric Utilities
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24,246

New Jobs Created Over Past 5 Years

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National Penn
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659,312

Population

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Olympus
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344,623

Labor Force

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Lutron Electronics
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33% of Labor Force
Employed in Health Care, Social Assistance & Education

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4,399

Technology Patents from 2000-2015

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Mack Trucks
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10.7% of Labor Force
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UGI
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15% of the total community college degrees awarded in PA
2015-2016 academic year

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$6.9 Billion

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2016

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68th largest metropolitan area in the U.S. by population

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$7.98 Billion

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9,747 degrees awarded by colleges and universities
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$5.3 Billion

Professional & Business Services
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Fuling
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80,000 employed in "Eds & Meds" sectors

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21.7%

Population between ages 18 and 34

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