Back

LVEDC’s Strategic Plan: Administration Initiatives

By Colin McEvoy on November 12, 2014

Over the last month, we’ve explained and simplified the contents of the Lehigh Valley Economic Development Corp.’s 2014-2017 strategic plan, detailing our mission, vision, priorities, and the development, finance and marketing initiatives we will pursue over the next three years.

This article is part of an ongoing weekly series detailing the LVEDC 2014-17 Strategic Plan. See below for information about the other stories:

PART ONE: Understanding the Basics
 PART TWO: Development Initiatives
PART THREE: Marketing Initiatives
• PART FOUR: Finance Initiatives
• PART FIVE: Administration Initiatives

The final component of that plan are the administration/stakeholders initiatives, which will allow LVEDC to foster continued relationships, maintain open lines of communication with Lehigh Valley stakeholders, and attract and retain the best economic development for the region.

These initiatives will help ensure LVEDC streamlines communications to consolidate regional efforts, increases awareness of economic development needs in the region, acts as a centralized source of economic development data, and develops cross-organizational tools to share information with stakeholders and better deliver value to customers.

The five administration/stakeholders initiatives identified by our strategic plan include:

  1. Strengthen stakeholder involvement through councils and programs. We will improve the vital, two-way communication between LVEDC and its councils through such methods as continued focused events, additional branding and the development of new councils as appropriate. Our councils include commercial real estate professionals, local governments, economic development partners and others.
  2. Be a connector for regional groups and resources, and an advocate for economic development needs and improvements. LVEDC will work to build cooperation between municipalities, communicate the needs of the region to state and federal policy makers, and ensure the Lehigh Valley’s assets continue rating well against competitors.
  3. Increase private sector investment to support economic development. We will work to increase our $2 million operating budget, and the share that comes from private sources, to ensure sufficient resources to run a competitive economic development program.
  4. Upgrade information and central data systems to support all LVEDC initiatives. LVEDC will effectively deliver useful information by developing and implementing central data systems that support communication across the organization and with key stakeholders.
  5. Optimize and develop LVEDC talent, staffing structure and resource use. We will develop and employ a more sophisticated approach to the management of our human resources to best help the Lehigh Valley maintain its competitive edge in the economic development marketplace.

Check out the previous entries in the series for more information about the LVEDC 2014-2017 Strategic Plan, or read the plan in its entirety here.

LVEDC Panel Event to Focus on Adaptive Re-Use

The old Schoen’s Furniture Store in downtown Allentown had sat vacant for more than 20 years. Now, it has found new life as a loft-style office building with a mix of modern[...]

Continue to Next Page

Lehigh ValleyQuick Facts

By the Numbers
$41.2 Billion

2018 Gross Domestic Product

Investor Spotlight
City Center Lehigh Valley
Industry Spotlight

10.6% of Labor Force
Employed in Manufacturing

Investor Spotlight
Lehigh Valley Health Network
By the Numbers
$3.8 Billion

Exports in 2019

Investor Spotlight
Air Products
Investor Spotlight
Lehigh Valley Electricians
By the Numbers
$65,119

Median Household Income

Investor Spotlight
PPL Electric Utilities
By the Numbers
672,907

Population

Investor Spotlight
Olympus
By the Numbers
358,000

Labor Force

Industry Spotlight

26.1% of Labor Force
Employed in "Eds & Meds" sectors

By the Numbers
5,073

Technology Patents

Investor Spotlight
Mack Trucks
Investor Spotlight
UGI
Investor Spotlight
Magestic Realty Co
Investor Spotlight
NFI
Industry Spotlight

14% of the total community college degrees awarded in PA

Investor Spotlight
Wells Fargo
By the Numbers
$7.3 Billion

Manufacturing Contribution to GDP

Investor Spotlight
BB&T
Industry Spotlight

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

Investor Spotlight
Key Bank
Industry Spotlight

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

Investor Spotlight
St. Lukes University Health Network
Industry Spotlight

85,000 employed in "Eds & Meds" sectors

By the Numbers
149,000

Population between ages 18 and 34

Investor Spotlight
Workforce Board