Qualified Opportunity Zones in Lehigh Valley’s cities of Allentown, Bethlehem and Easton, Pennsylvania

Qualified opportunity zones present a tremendous opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each includes zones offering generous tax advantages that will deliver enormous benefits to private-sector investors and promising economic growth potential for the region’s communities.

These zones allow investors to defer taxes by reinvesting capital gains from an asset sale into a qualified opportunity fund during the 180-day period beginning on the date of the sale or exchange giving rise to the capital gain.

For information about QOZs in the Lehigh Valley, contact Doug Warfel, LVEDC’s Director of Business Attraction and Lending, at [email protected]

Allentown Qualified Opportunity Zone outline

 

Allentown

QOZ Acerage: 2,064

QOZ Tax Parcels: 1,430

Properties in central business district, publicly-owned parking lot zoned for commercial use, and 20-acre industrial redevelopment opportunity

 

 

 

 

Bethlehem Qualified Opportunity Zone outline

 

Bethlehem

QOZ Acerage: 5,319

QOZ Tax Parcels: 814

Multiple opportunities including retail sites in thriving urban centers

 

 

 

 

 

Easton Qualified Opportunity Zone outline

 

Easton

QOZ Acerage: 1,364

QOZ Tax Parcels: 699

Multiple publicly-owned sites in central business district. Zoned for multi-family and commercial uses

 

 

 

 

 

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