Learn what makes the Lehigh Valley a great home for life sciences companies in this short video about the life sciences, healthcare and manufacturing industry in the region.
The Lehigh Valley offers tremendous competitive advantages in the life, biological, and biomedical science fields. The region’s economic assets are uniquely suited to help research and manufacturing firms in this sector pursue new opportunities emerging in the fast-changing life sciences commercial environment.
An economic analysis by the Atlanta-based Garner Economics identified life sciences research and manufacturing as a target sector for the Lehigh Valley based on these factors, among others:
- Central location and proximity to major U.S. Northeast markets
- Well-developed transportation infrastructure
- Availability of adequate water and sewer lines to industrial sites
- Strong existing local pool of high-demand occupations
- High relative proportion of residents with bachelor’s degrees in engineering
- 740 post-secondary completions in year 2012 from local institutions in engineering fields
- 384 post-secondary completions in year 2012 from local institutions in Biological & Biomedical Sciences fields
- 1,117 annual post-secondary completions in critical fields from local institutions
- Strong recent growth of local healthcare cluster
- Strong recent growth and high local specialization in Healthcare & Life Sciences cluster
- Presence of Temple University School of Medicine/St. Luke’s University Health Network
- Presence of Lehigh Valley Health Network’s independent residency program; clinical campus of University of South Florida’s College of Medicine
- Presence of Lehigh University’s Center for Manufacturing Systems Engineering
- Quality of place assets: ample opportunities for cultural activities, recreation, shopping, restaurants, and sporting events
The Lehigh Valley has boasted many success stories in the life sciences research and manufacturing sector in recent years. For example, OraSure Technologies was recently commissioned by the federal government to help fight the spread of the Ebola virus. This company began in a business incubator in Bethlehem, Pa., where the economic assets of the Lehigh Valley allowed it to grow into a national leader in point-of-care diagnostics tests and specimen collection devices.