LVEDC Saw Record Levels of Private Investment in 2017

By Colin McEvoy on January 16, 2018

With $553,495 from private sector companies and organizations, 2017 marks the single largest investment year in LVEDC history.

With $553,495 from private sector companies and organizations, 2017 marks the single largest investment year in LVEDC history.

The Lehigh Valley Economic Development Corporation (LVEDC) saw another record-breaking year in investment in 2017.

LVEDC received $553,495 from private sector companies and organizations who invested in regional economic growth, making 2017 the single largest investment year in the organization’s 23-year history.

This post is part of a series of “2017 Year in Review” stories that will run on the LVEDC Blog throughout the month of January. Check back here later in the month for links to the other stories…

• LVEDC 2017 Year in Review: Historic Growth Drawing International Attention
Mack Trucks, Victaulic Among Region’s Manufacturing Success Stories of 2017
• LVEDC Saw Record Number of Private Investment in 2017
Several Existing Lehigh Valley Companies Doubled Down on the Region in 2017
LVEDC Provided Access to $17.2 Million in Financing in 2017, Creating 417 New Jobs

“The Lehigh Valley economy could never have experienced the levels of growth and success that we’ve seen in recent years without the investment of region’s private sector,” said Don Cunningham, LVEDC President & CEO.

“This support makes it possible for our organization to implement the marketing, recruitment, and strategic initiatives that have allowed us to compete with markets much larger than our own,” Cunningham said. “We are deeply grateful to our private sector partners for their investment in the economic development of the Lehigh Valley.”

LVEDC received $505,068 in private investment for 2017, as well as $48,427 in sponsorship from events the organization hosted throughout the year, for a combined total of $553,495.

“We are fortunate to have so many companies in the Lehigh Valley that understand the importance of investing in economic growth,” said Jaime Whalen, LVEDC Vice President of Administration and Investor Relations.

Those figures do not include a combined $155,000 in public investment from Lehigh and Northampton counties, who are the two single largest investors to LVEDC, Whalen said.

The organization will be publicly voicing its appreciation for its investors, according to Michael Keller, LVEDC Director of Marketing.

As in previous years, the organization plans to take out full-page advertisements in The Morning Call listing all investors by industry, as well as billboards along Route 22 acknowledging investors who have contributed $5,000 or more, Keller said.

LVEDC’s annual operating budget is $2.9 million, with nearly half of the revenue coming from private entities or earnings on economic development financing. Other revenue comes from public sources, including about $1.45 million from hotel tax proceeds.

The public-private mission of LVEDC is to market the economic assets of the Lehigh Valley and to create partnerships to lead the recruitment, growth, and retention of employers.

Below is a full list of LVEDC’s 2017 investors, in order of contribution amount:

  • Lehigh County
  • Northampton County
  • Workforce Board Lehigh Valley
  • UGI Utilities
  • BB&T
  • NFI
  • PPL Corporation
  • Air Products
  • City Center
  • Fuling Plastic USA
  • Lehigh Valley Electricians Local 375
  • Lutron Electronics
  • Mack Trucks – Lehigh Valley Operations
  • Olympus Corporation of the Americas
  • FirstEnergy Corporation
  • Wells Fargo
  • PenTeleData
  • Lafayette Ambassador Bank
  • Allan Myers
  • B Braun of America
  • Bank of America
  • Boyle Construction
  • Capital BlueCross
  • Charles Chrin Companies
  • Concannon Miller
  • Duggan & Marcon
  • Dunne Manning Inc.
  • Fitzpatrick Lentz & Bubba
  • Green Knight Economic Development Corporation
  • Guardian Life Insurance Company of America
  • Highmark Blue Shield
  • JG Petrucci
  • Key Bank
  • Lehigh University
  • Lehigh Valley Health Network
  • Liberty Property Trust
  • Majestic Realty
  • Penn State Lehigh Valley
  • PNC Bank
  • St Luke’s University Health Network
  • TD Bank
  • Victaulic
  • West Side Hammer Electric
  • A&H Sportswear
  • Adams Outdoor Advertising
  • Alvin H Butz
  • Borton Lawson
  • Computer Aid
  • Crayola
  • CrossAmerica Partners
  • DeSales University
  • Duke Realty
  • Embassy Bank for the Lehigh Valley
  • Feinberg Real Estate Advisors
  • First Commonwealth Federal Credit Union
  • Follett Corporation
  • Griffin Industrial Realty
  • Hillwood Investment Properties
  • Hospital Central Services Corporation
  • JLL
  • JM Uliana & Associates
  • Lafayette College
  • Lee & Associates of Eastern PA
  • MKSD Architects
  • Moravian College
  • Morris McLaughlin & Marcus
  • OraSure Technologies
  • Peoples Security Bank
  • Provident Bank
  • QNB Corporation
  • Quandel Construction Group
  • Sacred Heart Healthcare System
  • Santander Bank
  • Service Electric
  • Unity Bank
  • Mericle Commercial Real Estate Services
  • Diefenderfer Electrical Contractors
  • Life Sciences Pennsylvania
  • ArtsQuest
  • 44 Business Capital
  • 515 Hamilton Group at Morgan Stanley
  • Albarell Electric
  • Allied Building Corporation
  • ARCO Design/Build Northeast
  • Barry Isett & Associates
  • BerkOne
  • Bethlehem Redevelopment Authority
  • Blue Rock Construction
  • Bohler Engineering
  • Broughal & Devito
  • Buckno Lisicky & Company
  • CBRE
  • Cedar Crest College
  • CF Martin & Company
  • Communication Systems
  • Compass Point
  • Corporate Environments
  • D’Huy Engineering
  • Dutch Springs
  • EarthRes Group
  • Easton Area Industrial Land Development Corporation
  • Easton Coach
  • Express Employment Professionals of Northampton County
  • FastSigns
  • Fedetz & Martin Associates
  • Frederick Group
  • Gilmore & Associates
  • Good Shepherd Rehabilitation Network
  • Graybar Electric
  • Gross McGinley
  • Haines & Kibblehouse
  • Handlon Business Resources
  • HDR Engineering
  • Highland Associates
  • HMK Insurance
  • Horwith Trucks/ Horwith Leasing
  • Hotel Bethlehem
  • IMC Construction
  • Ironton Telephone Company
  • Joshi Hotel Group
  • Just Born
  • Kelly Automotive Group
  • Kitchen Magic
  • Klunk & Millan Advertising
  • Kreischer Miller
  • Lehigh Carbon Community College
  • Lehigh Career & Technical Institute
  • Lehigh County Authority
  • Lehigh Valley Industrial Park
  • Lehigh Valley Rail Management
  • Lesavoy Butz & Seitz
  • Lightweight Manufacturing
  • Manufacturers Resource Center
  • Merchants Bank of Bangor
  • Michael Baker International
  • Modernfold of Reading
  • Moonstone Environmental
  • Nacci Printing
  • NAI Summit
  • New Tripoli Bank
  • North Star Construction Management
  • Northampton Community College
  • O’Brien’s Moving & Storage
  • Orbel
  • Pennoni Associates
  • Regan Levin Bloss Brown & Savchak
  • Rettew Associates
  • Sperry Van Ness – Imperial Realty
  • Spillman Farmer Architects
  • Stevens & Lee Allentown
  • Superior Quartz Products
  • Synergy Environmental
  • Talen Energy
  • Terraform Engineering
  • The Pidcock Company
  • TWG
  • Ultra-Poly Corporation
  • Wacker Polymers – Americas
  • Wind Gap Electric
  • Markward Group
  • Hanover Township – Lehigh County
  • Allied Personnel Services
  • Baker Tilly
  • Berger-Epstein Associates
  • ESSA Bank & Trust
  • Express Employment Professionals of Lehigh County
  • Fishburn Realty Company
  • Gelcor Realty
  • Knopf Automotive
  • Kressler Wolff & Miller
  • Maser Consulting
  • Ondra-Huyett Associates
  • Ott Consulting
  • Reimer Real Estate
  • SAGE Design-Build
  • Veraxia Commercial Real Estate Solutions
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