Business Incubators

The U.S. Small Business Administration has found that after four years, only 44 percent of firms remain in business. In contrast, the International Business Innovation Association (InBIA) has found that 87 percent of business incubator graduate firms were still in business.

Below are a few incubators available in the Lehigh Valley:

  • Ben Franklin Tech Ventures Incubator – Located on the Mountaintop campus of Lehigh University in Bethlehem, this 109,000-square-foot facility is a nationally acclaimed high-tech workspace and community for early-stage companies, with incubator space and affordable wet laboratory facilities.
  • Bridgeworks Enterprise Center – Founded in 1989 in the refurbished former Mack Trucks Plant 4A, this 64,000 square-foot facility is the only business incubator in the Lehigh Valley dedicated primarily to manufacturing startups.
  • Pi: Partnership for Innovation – Located in the Southside Bethlehem Keystone Innovation Zone, on the 2nd floor of a 1911 silk blouse factory, Pi includes shared facilities and private, secure office suites ranging from 115 to 1,900 square feet.
photo-incubator

LVHN–One City Center, Photo Credit: Halkin | Mason Photography, Architect: granum a/i

Coworking Spots

A total of 71 percent of coworkers said their creativity had increased since joining a coworking space, according to the DeskMag Global Consulting Survey of 2012.

Below are a few coworking spots located in the Lehigh Valley:

Additionally, the Fab Lab, a prototyping lab offered by Northampton Community College, is open to the community.

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