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Lehigh Valley Economic News and Notes

By Andrew Kleiner on September 6, 2022

This article was originally featured in the September 15, 2022 issue of “Quarterly Connections,” a quarterly newsletter LVEDC is distributing to municipal officials in the Lehigh Valley.

Every Tuesday, the Lehigh Valley Economic Development Corporation (LVEDC) releases an e-newsletter that includes crucial news and information about the Lehigh Valley business community, economic development, and significant events taking place in the region. The following snapshots are highlights from recent issues of the e-newsletter:


Lehigh Valley Employment, Fully Recovered, June Jobs Report shows

In June of this year, employment in the Lehigh Valley metro region reached an all-time high of 384,900 indicating a full recovery of the jobs lost two years ago when the pandemic disrupted the economy federal data shows. For a full breakdown of these numbers across industry sectors and for a comparison of Lehigh Valley data against state and federal data, click here.


Lehigh Valley Manufacturing Growth Outpaces the Nation’s

Over the last five years, the Lehigh Valley manufacturing sector grew at a rate 11 times faster than the nation as a whole in the last five years primarily because the popular products made here helped drive the economic recovery during the pandemic, according to a new Lehigh Valley Economic Development Corporation (LVEDC) analysis. At 35,000 jobs, manufacturing employment in the Lehigh Valley now exceeds what it was before the pandemic and its economic output, at $7.9 billion, ranks among the nation’s 50 largest manufacturing markets. To read more about the Lehigh Valley manufacturing sector, click here.


Lehigh Valley Companies Among Top 5,000 Fastest Growing Companies List

Several Lehigh Valley companies were recently added to Inc. Magazines prestigious list of Top 5,000 Fastest Growing Companies. For details on which companies made the cut, click here.


Evonik Opens New Innovation Hub in Lehigh Valley, Creating 50 Jobs

In Upper Macungie Township the Evonik Corporation announced an expansion that will create 50 new jobs and retain 277 existing positions. The Germany-based Evonik is one of the world leaders in specialty chemicals. Read more here.


You can sign up for the weekly LVEDC e-newsletter here.

September 2022 Issue of LVStartup Has Been Released

The September 2022 issue of LVstartup, a monthly e-newsletter about entrepreneurs and startups in the Lehigh Valley, has been released. Click here to see the new issue,[...]

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Lehigh ValleyQuick Facts

By the Numbers
$43.3 Billion

2020 Gross Domestic Product

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City Center Lehigh Valley
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10.6% of Labor Force
Employed in Manufacturing

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Lehigh Valley Health Network
By the Numbers
$3.8 Billion

Exports in 2019

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Air Products
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Lehigh Valley Electricians
By the Numbers
$66,865

Median Household Income

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PPL Electric Utilities
By the Numbers
676,700

Population

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Olympus
By the Numbers
347,612

Labor Force

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26.6% of Labor Force
Employed in "Eds & Meds" sectors

By the Numbers
5,073

Technology Patents

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Mack Trucks
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UGI
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Magestic Realty Co
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NFI
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14% of the total community college degrees awarded in PA

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Wells Fargo
By the Numbers
$7.1 Billion

Manufacturing Contribution to GDP

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Truist
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69th largest metropolitan area in the U.S. by population

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Key Bank
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10,754 degrees awarded by Lehigh Valley colleges (2017-18 academic year)

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St. Lukes University Health Network
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82,270 employed in "Eds & Meds" sectors

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Workforce Board
By the Numbers
149,000

Population between ages 18 and 34

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FirstEnergy