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New LVstartup Issue Touts Lehigh Valley’s Record-Breaking Economic Growth

By Colin McEvoy on October 5, 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.

The Lehigh Valley economy is now larger than that of the entire states of Vermont and Wyoming. And you can read all about it in the latest issue of LVstartup.

The October issue of the monthly e-newsletter about Lehigh Valley entrepreneurs and startups was released today, and included such stories as the regional gross domestic product (GDP) reaching a record-high $39 billion.

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

Other featured stories include, among others:

The issue also spotlights several upcoming events, including the Lehigh Valley Meet the Buyers Expo, the Pennsylvania Economic Development Association’s (PEDA) 2017 Fall Conference, and the Lehigh Valley March of Dimes Commercial and Industrial Real Estate Awards.

Additionally, LVstartup features a Lehigh Valley startup each month. This issue, the company is Amorphic Tech, an Allentown-based multifaceted engineering solutions company whose mission is to deliver high quality, sophisticated prototypes and design solutions for industrial mechanical systems.

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

  • 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