Back

Magazine Article Discusses Outlook for Lehigh Valley’s Post-COVID Growth

By Colin McEvoy on February 1, 2022

The Lehigh Valley is well-positioned for continued post-pandemic economic growth, and the Lehigh Valley Economic Development Corporation (LVEDC) is working to make sure everybody knows why.

That’s why LVEDC President & CEO Don Cunningham contributed a column for the most recent issue of Network Magazine, a high-end, business leader magazine connecting leaders and connecting business-to-business opportunities in the Lehigh Valley.

The cover of the Winter 2022 issue of Network Magazine.

The article was published in Network’s Winter 2022 magazine, released in mid-January. Cunningham highlights the economic changes as well as new opportunities created by the COVID-19 pandemic, and how the Lehigh Valley is responding to them.

The column also discusses LVEDC’s new three-year strategic plan, the Lehigh Valley’s four high-value target sectors, LVEDC’s targeted marketing campaigns, the organization’s talent strategies development efforts, and other economic trends and topics.

Network Magazine’s goal is to provide readers with the latest topics from some of the area’s leaders in accounting, banking & finance, insurance, legal, medical, political, real estate, international, leadership, entrepreneurship, and technology, while providing a way to connect these industries with each other.

A brief excerpt of the article can be found below. The full article can be read here or in the Network Magazine issue, the full edition of which can be viewed or downloaded here.

 

The economic change wrought by the global COVID-19 pandemic has created new challenges and opportunities for economic growth both across the nation and the world, and that is certainly the case in the Lehigh Valley as well.

Change that was taking place was accelerated. The movement away from shopping in stores to ordering online was super charged as people needed to avoid places crowded with other people.

Office workers began working from home, sometimes in completely different states than their employers. The availability of workers, particularly those with the right skills, became more challenging, shifting the supply and demand balance toward employees, driving up wages, benefits, and bonuses among employers caught in an accelerating competition for talent.

Global supply chains became disrupted ending the reliable shipment of goods across oceans. Just in time inventory is evolving to “just in case” as companies realize they need to stockpile and pre-order goods such as pharmaceuticals, computer chips and toilet paper to hedge against emergencies.

Like all metropolitan areas across the country, the Lehigh Valley will have to grapple with these new economic challenges. But the region is positioned well for continued economic growth in both traditional areas of strength and in new sectors emerging in a post-pandemic economy of rapid change and development.

Toward this end, the Lehigh Valley Economic Development Corporation (LVEDC) has recently adopted its new 3-year Strategic Plan. It includes a wide range of goals, priorities, and initiatives, including targeted economic development and growth in key sectors such as life sciences and advanced manufacturing.

 

Visit here or read Network Magazine online for the full article.

Manufacturing Jobs in the Lehigh Valley Grew to Pre-Pandemic Levels in December

Manufacturing jobs in the Lehigh Valley metro region grew to 40,000 in December, a level not reached since the COVID-19 pandemic disrupted the economy nearly two years ago, ne[...]

Continue to Next Page

LVEDCMajor Investors

Investor Spotlight
City Center Lehigh Valley
Investor Spotlight
Lehigh Valley Health Network
Investor Spotlight
Air Products
Investor Spotlight
Lehigh Valley Electricians
Investor Spotlight
PPL Electric Utilities
Investor Spotlight
Olympus
Investor Spotlight
Mack Trucks
Investor Spotlight
UGI
Investor Spotlight
Magestic Realty Co
Investor Spotlight
NFI
Investor Spotlight
Wells Fargo
Investor Spotlight
Truist
Investor Spotlight
Key Bank
Investor Spotlight
St. Lukes University Health Network
Investor Spotlight
Workforce Board
Investor Spotlight
FirstEnergy