Top Pennsylvania Official Makes Lehigh Valley Jobs Announcement During Allentown Visit
By Colin McEvoy on August 5, 2015
The state’s top economic development official visited the Lehigh Valley this week to discuss the governor’s budget proposal and to announce a new medical device company moving into the region.
Dennis Davin, the Secretary of the Pennsylvania Department of Community and Economic Development (DCED), was the speaker for the Lehigh Valley Economic Development Corporation’s (LVEDC) Conversation & Cocktails event on August 5.
Speaking before more than 130 people at the Renaissance Allentown Hotel, Davin announced that Tyber Medical, a manufacturer of orthopedic and spinal implants, was relocating its corporate headquarters and manufacturing operation to Hanover Township, Northampton County.
That move is expected to create 25 new, full-time jobs over the next three years, Davin said. The company, which is relocating from Morristown, N.J., is leasing a 4,200 square-foot site and plans to invest $386,000 on the project.
“The successes we’ve seen like this one will only continue to thrive under the leadership of Governor Wolf,” Davin said.
In a statement, Gov. Wolf said: “Tyber Medical’s decision to relocate to Pennsylvania and create more than two dozen, high-paying jobs is great news for the region and state. Medical device manufacturing is a thriving sector and will continue to create good-paying jobs through the significant reforms proposed my budget plan.”
The project was coordinated by the Governor’s Action Team, a group of economic development professionals who report to the Governor and work with businesses that are considering locating or expanding in Pennsylvania. That group works in close collaboration with LVEDC.
“We’re very pleased that Tyber Medical has chosen to grow and create new, full-time jobs here in the Lehigh Valley,” said Don Cunningham, LVEDC President and CEO. “Health care is the region’s leading sector in terms of job creation, and the Lehigh Valley boasts many economic assets that make it an ideal location for the industry, including its strong workforce, well-developed transportation infrastructure, and proximity to major northeastern markets like New York City and Philadelphia.”
During his appearance at LVEDC’s event, Davin also took the opportunity to highlight the community and economic development initiatives in Gov. Wolf’s budget proposal. This included cutting the Pennsylvania’s corporate net income tax of 9.99 percent in half over several years, an initiative Wolf first announced during a Bethlehem appearance hosted by LVEDC.
Davin said Wolf’s budget proposal also calls for $250 million to the Business in Our Sites program, which helps Pennsylvania to compete for business expansions and relocations, and $25 million for Pennsylvania First, a grant program that facilitates investments and job creation.
Wolf is also seeking to close the Delaware loophole, Davin said, and to establish a $5 million tax credit for a “Made in Pennsylvania” cash-back jobs program, to be distributed to manufacturing companies creating good-paying, middle-class jobs
The Tyber Medical project received a funding proposal from the DCED, including a $50,000 Pennsylvania First Program grant, $75,000 in Job Creation Tax Credits, and was also encouraged to apply for a $165,000 loan from the Pennsylvania Industrial Development Authority for machinery and equipment.
“Pennsylvania’s initiatives are aligned with Tyber Medical’s strategy to expand in a centralized location with close proximity to leading academic institutions,” Jeff Tyber, CEO and President of Tyber Medical, said in a statement. “The growing diversity of the medical device industry in the Lehigh Valley provides an outstanding opportunity to interact more directly with our customer base.”
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