The engine driving economic growTh2011 annual RepoRt

2

YeaRS10

attRaCteD225 CoMpanIeS

InVeStMentSIn puBlIC anD pRIVate pRoJeCtS

$2 BIllIon

FInanCInG aSSIStanCe$252 MIllIon In loanS

JoBS27,400

HelpInG to IMpRoVe eConoMIC GRoWtH

1

HELPING TO IMPROVE ECONOMIC GROWTH Thank you for making LVEDC the dynamic economic development leader it is today.

LVEDC has a unique investment value for our region and thanks you for your investment in its mission.

We understand that economic development is ultimately about creating an outstanding economy through jobs

and private- and public-sector investments that will support a vibrant quality of life and community for our

Lehigh Valley citizens.

LVEDC is the only single agency anywhere in the Lehigh Valley that provides the array of dynamic economic

development services. Our two counties, three cities, investors, volunteers and collaborative organizations

have helped our region be a model for Pennsylvania.

This understanding stems from our ability to provide strong economic development leadership. Our agency is

comprised of a seasoned team of professionals and board leaders who work closely with businesses to deliver

personalized solutions to their challenges, allowing businesses to focus on what they do best: their business.

We are proud of the programs and incentives we provide to help advance the continued growth and retention of

jobs and capital needs of the Lehigh Valley’s economic community. These services benefit our region in many ways:

• Quality Jobs: Every time LVEDC attracts, retains or helps businesses expand, it creates new jobs.

• Financing: LVEDC administers loans that help worthy enterprises create employment with the

opportunity for personal and professional growth.

• Business Growth and Retention: As a steward of sustainable economic growth, we partner with

individual and collective organizations to provide the capital, strategy and execution of their long-

and short-term goals, so they are more likely to stay here.

• Marketing: LVEDC understands the power of presentation regionally and nationally – this raises the

significance of the Lehigh Valley’s business climate.

How does this impact you? The additional tax revenue generated by economic development investments

directly correlates to improved infrastructure that is woven into the fabric of the community. The economic

vitality of our municipalities and citizens is thereby improved.

Thanks again for your leadership and support.

LETTER fROM THE CHaIRMaN aNd CEO

Donald Bernhard Philip B. MitmanChairman of the Board President & CEO

2

Cultivate Business in the lehigh valley

“Increase efforts to retain existing businesses while growing new companies, and maintain attraction of

target industries that enhance the vitality of the Lehigh Valley economy.”

Attracting new companies is one facet of successful economic development. Enhancing the competitiveness

of existing businesses is another. LVEDC does both through a probing business retention and expansion

program that accumulates, analyzes and addresses information that ultimately increases a company’s

competitiveness. Our Finance Department makes dreams a reality for qualified companies by infusing our

region with much-needed capital.

In 2011, when one of the world’s best-known companies pitched an idea, LVEDC stepped up to the

plate and hit one out. Coca-Cola’s rich history was created in part through its vision of the future.

When its future included expanding its Lehigh Valley bottling plant in Upper Macungie Township

to include a state-of-the-art hot fill line to make Vitamin Water, PowerAde, Fuze beverages and other

non-carbonated products, LVEDC helped fund construction by securing a cool $1.25 million

Infrastructure Development Program loan.

LVEDC also smoothed out some bumps with the township for the expansion of a roadway adjacent to

the plant and for the enlargement of the wastewater system as a result of the expansion. This dynamic

partnership means new jobs in 2012 when the line is expected to be fully functional.

LVEDC 5-YEAR Strategic Plan

StRateGIC pRIoRItY a

3

advanCe sustainaBle development themes

“Enhance the Lehigh Valley’s reputation for sustainable economic development by promoting urban

redevelopment, the reuse of brownfield sites and the attraction, creation, retention and expansion of

alternative energy businesses.”

For more than a decade, LVEDC’s Lehigh Valley Land Recycling Initiative has led the way in

transforming the region’s former industrial sites again into viable centers of commerce. A perfect

example of LVLRI’s success is Highline Imports in Easton, located at the former Coretec site.

In 1999, LVLRI helped the City of Easton and Coretec clean up and properly close the former railroad

roundhouse on the site through Pennsylvania Department of Environmental Protection’s (PADEP’s)

Special Industrial Area Program. After more than a decade of inactivity at the site, a new buyer, Highline

Imports, purchased the property. Again, with the help of PADEP, LVLRI was able to help Highline

Imports reinstate the remediation requirements and transfer the project to a Small Business Administration

504 loan program. Thanks to LVEDC’s knowledge of the site and long-standing ties to PADEP, the process

was expedited and Highline Imports received the highly technical support it deserved.

In 2010, LVEDC coordinated a regional proposal for a $3.4 million grant from the U.S. Department of Housing and Urban Development. LVEDC was awarded one of only 29 Sustainable Communities Regional Planning Grants from U.S. HUD. This grant has already furthered the region’s reputation for sustainability. Over the three-year implementation of this grant, LVEDC and the Lehigh Valley will continue to move toward becoming a sustainable community.

LVEDC 5-YEAR Strategic Plan

StRateGIC pRIoRItY B

6

IntensIfy RegIonal PaRtneRshIPs

“Leverage the Lehigh Valley’s reputation for regional cooperation by building on its success in

forging agreement on economic development priorities.”

The Lehigh Valley’s urban cores have faced numerous challenges, including residential and

business suburban flight and a deteriorating tax base paired with rising expenditures and lack of

development opportunities.

Revitalizing the region’s cities remains a priority and spurred our support of the Borough Business

Revitalization Program (BBRP).

Serving the communities of Alburtis, Bangor, Bath, Catasauqua, Coopersburg, Hellertown and Pen

Argyl, the program uses two full-time coordinators and a part-time supervisor, who work to revitalize

their commercial core through a four-point approach that targets design, organization, promotion and

economic restructuring. BBRP is a partnership among various public and private entities that is now

funded in part by LVEDC.

Boost InnovatIon and talent

LVEDC 5-YEAR Strategic Plan

STRaTEGIC PRIORITy C

4

5

Boost InnovatIon and talent“Develop programs and strategies to attract and retain entrepreneurs and young professionals and

assist start-up and small businesses that bring a diverse workforce to the Lehigh Valley.”

For seven years the Southside Bethlehem Keystone Innovation Zone (KIZ) has helped bring

cutting-edge businesses to the city. Working with Lehigh University, Northampton Community

College and additional partners, the KIZ emboldens entrepreneurial prospects to develop and

grow their businesses by providing the tools they need to do so.

LVEDC has played a lead role in the KIZ and has encouraged the City of Bethlehem’s development

of a new technology center, known as The Pi Center. Standing for “Partnership for Innovation,”

The Pi Center features several former KIZ companies including Element ID, Viddler, Adept

Packaging and rVibe.

During 2011, the Innovation, Talent and Entrepreneurship (ITE) Committee continued to

advance programs and strategies that attract and retain entrepreneurs and young professionals

and assist start-up and small businesses that bring a diverse workforce to our Lehigh Valley. This

vision manifested itself in a probing document entitled the “Gap Analysis,” which identified needed

entrepreneurial services and programs and also in Drive, an ambitious web portal devoted solely to the

entrepreneurial community that is a conduit of information and resources. The ITE Committee also

crafted a Lehigh Valley-wide student internship program, designed with the assistance of nine

participating colleges and universities, that will begin placing students in the spring 2012 semester.

LVEDC 5-YEAR Strategic Plan

STRaTEGIC PRIORITy d

6

CReate the CaPaCIty to suCCeed“Reinforce the ability to achieve our mission by strengthening leadership, regional partnerships,

stabilizing funding and optimizing investor services.”

LVEDC depends on partnerships with our public- and private-sector investors, local nonprofits, the

region’s three cities and many municipalities, and state and federal agencies to benefit the Lehigh Valley.

Thanks to these partnerships, we provide solutions to the issues facing businesses and job creation

throughout the Lehigh Valley. We provide them with access to the assistance they need in a way no

other local organization can do.

Thanks to our coalition of partners that showcase regionalism, LVEDC is able to obtain valuable state

and federal grants that allow us to foster economic development priorities. One example of that is the

reclamation of brownfield sites.

In 2010, LVLRI was awarded a $1 million three-year grant from the United States Environmental

Protection Agency to perform the cleanup planning, assessment and redevelopment of these sites:

FL Smidth, Thomas Iron Works, Coretec, Slate Belt YMCA, Wyandotte Cleaners, Neuweiler Brewery,

the Simon Silk Mill and four affordable housing projects with Valley Housing Development Corporation.

Approximately one-third of the grant, $330,219, has been utilized to date for the redevelopment of the

Lehigh Valley brownfields.

Our Partners for Regional Economic Performance (PREP) initiative aims to streamline the services

provided by the region’s many economic development entities. By working together to review and

evaluate opportunities, we create greater efficiencies in program delivery, client management and

collaboration on new joint initiatives. This results in better customer service for companies and will

ultimately lead to the retention, expansion and attraction of more high-quality jobs in the Lehigh Valley.

We value our investor and private-sector funding, as it is critical to LVEDC’s continued success. In 2011,

we added 52 new investors and $72,110 in new investor pledges and in-kind contributions.

LVEDC 5-YEAR Strategic Plan

STRaTEGIC PRIORITy E

7

how we helPIn 2011, our Regional Development efforts

assisted 100 prospective companies and

businesses. These attraction, expansion and

retention efforts resulted in 1,194 jobs being created and retained in our region.

But what does that mean? What role did LVEDC

play in helping a company from outside the area

relocate here? How did we help an existing Lehigh

Valley company stay here in order to retain jobs or

help them expand in order to create more jobs?

HERE’S HOW WE dO WHaT WE dO:1. Through our network of brokers, site

selectors and our own development team,

we seek companies that want to relocate to

the Lehigh Valley or companies looking to

expand their current operations – ones that

have greater potential but might be held back

due to limitations.

2. During an initial meeting, we ascertain the

company’s needs and determine its interests.

Does it need help with financing? Is it a

minority- or women-owned business? Would

it consider redeveloping a brownfield? Is it a

start-up business that needs support from

the ground up?

3. Once we have determined its needs, we work

closely with the company to provide a range of

services, from economic development incentive

financing programs and industrial site reuse funds

to workforce incentives and development grants.

4. Next, we work with the company to apply for

grants or financing, select a site and coordinate

approvals with local municipalities.

5. Finally, we see everything through until the

very end, offering consultation and advice until

its relocation is complete or until its expansion

is finished.

8

RegIonal hIghlIghtsAs LVEDC continues to implement our Strategic

Plan amid a challenging economic backdrop, our

two-county, three-city region continues to see

substantial investment, growth and development.

Our efforts to market the region to brokers,

developers, site consultants and other target

audiences resulted in the attraction of companies

like Daiichi Sankyo, Inc., Avantor Performance

Materials and United Bank Card, while our efforts

to assist existing businesses resulted in 25 projects financed and 70 business retention visits.

A prime example of LVEDC’s comprehensive

portfolio of services at work can be realized

in the relocation of Avantor Performance

Materials. When it wanted a larger, more

modern workspace that would energize its

operations, the Lopatcong Township, N.J.,

company selected Upper Saucon Township for

its relocation plans. The net result means about

200 new jobs for our region.

The year ended with an announcement that has

potential to change the Lehigh Valley’s future.

In November, LVEDC, serving as the lead applicant,

was awarded a historic $3.4 million grant from the U.S. Department of Housing and Urban Development (HUD) to develop the Lehigh Valley

Sustainable Plan. This project will enhance the

region’s long-term livability and sustainability by

addressing economic and social distress in the

three cities.

The Lehigh Valley Sustainability Consortium consists

of 11 public and nonprofit entities, which will work

together to create a sustainable Lehigh Valley by

implementing the Comprehensive Plan – The Lehigh

Valley … 2030. This initiative will positively impact

the quality of life for all of the region’s residents

by focusing on an economic development vision,

affordable housing policies and public transportation.

Hearings will seek public input.

9

2011 unaudited eXpenses2011 unaudited Revenue

PROJECTS COMPLETED IN LEHIGH VALLEY DURING 2011

RADETEC

Daiichi Sankyo, Inc.

Jacobson

WindKits, LLC

Schutt Sports

Avantor Performance Materials

United Bank Card

Diasol

Thermo Fisher

Coll Materials

Rehrig Penn

Ballan & Son’s

Bazzini Company

Palram

SunOpta

Southside Bethlehem KIZ

total:

CoMpanY

Hanover Township**

Bethlehem Township**

Lower Macungie Township*

Upper Macungie Township*

Palmer Township**

Upper Saucon Township*

Hanover Township*

Hanover Township*

East Allen Township**

South Whitehall Township*

Glendon**

Allentown*

Upper Macungie Township*

Weisenberg Township*

Upper Macungie Township*

Bethlehem, City of**

MunICIpalItY

Manufacturing/HQ

Pharmaceutical Packaging

Warehouse/Distribution

Manufacturing

Helmet Reconditioning

HQ

HQ/Service Center

Manufacturing

Warehouse/Distribution

Manufacturing

Manufacturing

Manufacturing

Manufacturing

Manufacturing

Manufacturing

Entrepreneur

FaCIlItY uSe

Attraction

Attraction

Attraction

Attraction

Retention

Attraction

Attraction

Attraction

Expansion/Attraction

Attraction/Retention

Attraction

New

Attraction

Expansion

New

Expansion

pRoJeCt tYpe

Symbols: * Lehigh County; **Northampton County

14

82

40

50

150 (retained)

200

175

15

80

70

23

10

30

40

107

8

1094

JoBS CReateD

10

omwoB/ftZ/southside Bethlehem KiZ

oFFICe oF MInoRItY anD WoMen-oWneD BuSIneSSeS (oMWoB)Amid a challenging economic climate, OMWOB

supported 156 entrepreneurs and helped to

establish businesses that created or retained 72 jobs at a myriad of establishments ranging from

business and infrastructure planning to financial

aid. We assisted more than 50 inner-city businesses

to revitalize our city centers. And, the region

welcomed seven new businesses as a result.

KeYStone InnoVatIon Zone (KIZ)The Southside Bethlehem Keystone Innovation

Zone’s goal is simple: Multiply technology

and economic development activities, creating

economic stability and transforming Southside

Bethlehem, and the entire Lehigh Valley, into a

vibrant forward-thinking community.

In 2011, the KIZ continued its successful track

record of developing partnerships that help

entrepreneurs thrive. Thanks to $100,000 in grants

from the Pennsylvania Department of Community

and Economic Development and contributions

totaling $165,000 from KIZ members, we were

able to expand programming, while providing

more internships and technology transfer grants.

LVEDC’s partnership with 15 Lehigh Valley

leaders like Lehigh University, Northampton

Entrepreneurs run the gamut, but all want success. During 2011, LVEDC leveraged our resources for

their benefit.

Through the Office of Minority and Women-Owned Business (OMWOB) and the Southside

Bethlehem Keystone Innovation Zone (KIZ), LVEDC assists entrepreneurs with capital, counseling

and connections. We help them lead the way with financing for new innovations generated in an ideas

incubator, site selection services for the best place to locate their new business and certifications that

allow them to get ahead in their fields.

11

Community College and various business support

organizations is what allowed us to serve 28 active

companies this year. We have worked with 45 new

start-up companies and early-stage businesses

since the KIZ was started in 2004. These clients

are on track to generate nearly $18 million in sales

in 2011. A $90,000 Technology Transfer grant

was extended to six clients, including our ninth

student-owned business. With the support of the

City of Bethlehem, a new commercialization

center called The Pi Center will open inside the

KIZ in early 2012 and is expected to be fully

occupied by tenants that are either current

or former KIZ companies.

fOREIGN TRadE ZONE (fTZ)Another example of how LVEDC leads the way

for the region’s economic development is with the

creation of Foreign Trade Zone (FTZ) #272 in

2007. This federal program helps Lehigh Valley

companies involved in international trade to

reduce or eliminate the negative U.S. tariff

impacts on the products they use, thus allowing

these companies to stay competitive against

foreign businesses.

In March 2011, the FTZ board approved a

request for a Subzone with Manufacturing

Authority for Grundfos Pump Corporation,

which LVEDC assisted the company in filing

the previous year. LVEDC also assisted Piramal

Critical Care in submitting the same request

to the board in August 2010.

To make the FTZ even more beneficial for the

region, LVEDC has prepared an application to

the board requesting a change to the Alternative

Site Framework, which will reduce start-up costs

and waiting times for companies applying for

FTZ benefits. Approval is anticipated in early 2012.

12

lvlRIRedeveloping one of the Lehigh Valley’s many brownfield

sites is no easy task. For 13 years, Lehigh Valley Land

Recycling Initiative (LVLRI) endeavored to expedite the

process by serving those developers with the foresight to

see the incredible value that these properties hold.

In 2011, LVLRI saw large projects in the region’s three

major cities come to completion after years of effort, as

smaller projects in Catasauqua, Hellertown, Bangor and

Wind Gap move forward.

At the 2011 National Brownfields Conference, LVLRI was

singled out in the keynote address by U.S. Environmental

Protection Agency Administrator Lisa Jackson for the

progress the region is making toward sustainability.

LVLRI staff members were also featured in a panel

workshop at the conference about the innovative

redevelopment of the former Bethlehem Steel site.

PADEP Secretary Michael Krancer visited the Lehigh

Valley in August for a brownfield tour and meeting

with LVLRI. We also hosted an educational program

on stormwater permits for key brownfield sites, which

featured the PADEP Chief of Division of Waterways,

Wetlands and Stormwater Management Ken Murin.

13

LVLRI continues to garner state and national

recognition for its proactive, regional approach

to brownfield redevelopment. The unique

partnership among Northampton and Lehigh

counties and LVEDC is a model of how regional

efforts can be highly successful. An example of

this success was the statewide recognition the

program received as the recipient of the 2011

Governor’s Award for Environmental Excellence

for its role in balancing economic growth with

the environmental health of the Lehigh Valley.

LVLRI and LVEDC couldn’t be leaders in the

redevelopment of brownfield properties without

the support of our partners, which include

Northampton County, Lehigh County and the

United States Environmental Protection Agency.

Support from the region’s three major cities,

LVLRI Advisory Committee and its chairman

is invaluable as we continue to preserve our

environment for future generations.

KEy PROjECT HIGHLIGHTS INCLudE:Coretec, Easton, Northampton County – This

project is an example of how LVLRI’s services and

support are needed more than once by a particular

property. Back in 1999, this former industrial site

was one of the first projects supported by LVLRI.

We originally helped the company and city submit

the site into the PADEP Special Industrial Area

Program. After falling vacant for several years,

the property became bank owned in 2010 before

securing a new buyer in 2011. LVLRI worked

with the buyer, Highline Imports, and PADEP

to ensure that the agreements for the Special

Industrial Area Program were put back into place

so the property could be redeveloped.

Calo Building, Allentown, Lehigh County –

Located along the Lehigh River waterfront and

vacant for more than 30 years, this large concrete

and steel building was demolished and remediated

in early 2011. LVLRI coordinated the use of

Lehigh County’s EPA Cleanup RLF grant for

the remediation and demolition work costing

approximately $400,000.

Karl Stirner, Arts Trail, Easton, Northampton County – Not all of LVLRI’s projects involved the

remediation of land for future commercial use.

This particular project involved environmental

cleanup along the Bushkill Creek, required for

the development of a new walking trail. LVLRI

provided the city with a Phase II Environmental

Site Assessment that led to the proper closure for

some portions of the trail.

East Allen State Dairy Farm, East Allen Township, Northampton County – Using funding provided

by the county, the property’s lessee, First Regional

Compost Authority, demolished some of the old

buildings to remediate lead paint. This will allow

the authority to expand operations and service

more clients. LVLRI assisted the county and

property owners by acting as project manager and

providing technical assistance.

14

finanCing pRojeCts

When constructing the big picture, financing is

often the subject most out of focus. But LVEDC

can help credit-worthy businesses create their

business masterpiece. Equipped with an arsenal

of financing tools, we assist businesses of all sizes

gain access to more than a dozen loan programs.

Our partnerships with financial institutions,

nonprofits and the state and federal governments

help us create financing opportunities that offer

low-interest loans for the purchase of property,

equipment and even working capital.

• In 2011, 28 project loans were written with a total value of more than $26 million that leveraged projects worth about $238 million. This created 1,783 jobs and retained another 872.

2011 HIGHlIGHtS InCluDe:• A Tax Increment Financing District was created

to support the West Hill Business Center,

a 230-acre industrial park being developed

by Hillwood Development Company, LLC

in western Lehigh County. LVEDC worked

with Lehigh County Industrial Development

Authority, Northwestern Lehigh School

District, Weisenberg Township and Lehigh

County to create the incentive. The project will

develop 2.3 million square feet of commercial/

industrial space, generate $115 million in private

investments and create up to 1,500 jobs

over 10 years.

• LVEDC’s loans division, in partnership with the

Northampton County New Jobs Corp., Lehigh’s

Economic Advancement Project, Manufacturer’s

Resource Center and Lehigh University’s Small

Business Development Center, completed work

on a $1 million application for the Partnerships

for Regional Economic Performance Program.

It is a commonwealth economic development

funding program focused on developing

innovative relationships between economic

development service providers in Pennsylvania.

15

Charles Chrin Companies

Gentis Restaurant Corporation dba Prime Steak House

Famous Smokeshop PA, Inc.

Scot Lubricants of PA, Inc.

Loikits Industrial Services, Inc.

Bethlehem Technik, LLC

ALEDCO, Inc.

DLH, Inc.

Northwestern Physical Therapy & Fitness, Inc.

Applied Separations, Inc.

Rheangel, LLC dba The Goddard School

Ecopax, LLC

Driven By Disasters, Inc. dba Servproof Easton, Bethlehem & Whitehall

Lightweight Manufacturing, Inc.

Samuel Adams Pennsylvania Brewery Company

Austin’s Auto Service

Highline Imports, LLC

The Coca-Cola Company

INetU, Inc.

Performance Coatings International Laboratories, LLC

Everson Tesla, Inc.

Musclemaker Grille of PA, LLC

Sanctuary by Michael Perry Salon & Day Spa

West Hills Business Center

American Millwork & Cabinetry, Inc.

Dent Design Hardware, LTD

Stephens Funeral Home

COMPaNy

Palmer Twp.

Hanover Twp.

Forks Twp.

Northampton

Coplay

Northampton

Hanover Twp.

Bethlehem, City of

Heidelberg Twp.

Allentown

Bethlehem Twp.

Forks Twp.

Allentown

Allentown

Upper Macungie Twp.

Bethlehem, City of

Easton

Upper Macungie Twp.

Hanover Twp.

Bangor

Lower Nazareth

Hanover Twp.

Easton

Weisenberg

Emmaus

Lower Nazareth Twp.

Upper Macungie Twp.

MuNICIPaLITy

Northampton

Northampton

Northampton

Northampton

Lehigh

Northampton

Lehigh

Northampton

Lehigh

Lehigh

Northampton

Northampton

Lehigh

Lehigh

Lehigh

Lehigh

Northampton

Lehigh

Lehigh

Northampton

Northampton

Lehigh

Northampton

Lehigh

Lehigh

Northampton

Lehigh

COuNTy

IDP

SBA 504

PIDA

PIDA

SBA 504

SBA

SBFF

PMBDA

SBA

PIDA

SBA 504

SBA

SBA

SBFF

IFIP

PMBDA

SBA 504

IDP

SBA 504

SBA 504

PIDA

PMBDA

PMBDA (state)

TIF

SBFF

PIDA

SBA

PROGRaM

Closed

Closed

Approved

Closed

Closed

Approved

Closed

Closed

Approved

Closed

Closed

Approved

Approved

Closed

Converted

Approved

Approved

Approved

Approved

Approved

Approved

Approved

Approved

Approved

Approval Pending

Approved

Approved

PROjECT STaTuS

LVEDC 2011 FinanCing ProjECts summary

16

We’re Lehigh Valley Economic Development

Corporation in Lehigh Valley, Pennsylvania.

Our mission is to help grow all types of

businesses. Turn to us for help with everything

from finding the right location, getting loans,

accurate demographic research and cutting

government and corporate red tape. We’re

Lehigh Valley’s premier business resource—the

first place to call when you want to locate and

grow your company here. Let’s talk soon.

Call 610-266-6775 or visit LehighValley.org.

BUSINESS SUCCESS DEPENDS ON KNOWING THE RIGHT PEOPLEIN EASTERN PENNSYLVANIA.

LET US INTRODUCE OURSELVES.

EcoTech Marine

A nurturing current.Unless it’s the fish, no one understands the need for an ocean-like flow in aquariums better than EcoTech Marine. The Bethlehem company’s advanced VorTech pumps simulate the broad, gentle flow of the ocean’s water that coral reef aquariums need to thrive. The company’s pumps have been winning enthusiastic converts among aquarium aficionados since its establishment in 2005.

In the Keystone Innovation Zone, EcoTech Marine has found a similarly nurturing environment. LVEDC assisted the company in navigating the sometimes complex currents of enterprise growth. “Lehigh Valley Economic Development helped us find grants to start the company,” said Patrick Clasen, director of finance for EcoTech Marine. “They helped us get into our building and obtain financing through state programs. They showed us how to move past every roadblock we’ve encountered.”

EcoTech Marine is a true American success story, born from the nucleus of desire, genius and talent. These graduate students from Lehigh University started with nothing and have become an eminently profitable company.

South Bethlehem Greenway

From brownfields to greenway.

An abandoned railroad right-of-way in Bethlehem has been revitalized as a park and part of the South Bethlehem Greenway. A 34-acre parcel that once belonged to Norfolk Southern now connects downtown neighborhoods to public recreation and greenspace. The greenway also links to other scenic elements of Pennsylvania’s Rails-to-Trails network beyond the city limits.

LVLRI, which is funded primarily by Northampton and Lehigh counties and is an initiative of LVEDC, helped Bethlehem acquire funding from PennDOT and the Pennsylvania Department of Conservation and Natural Resources. Additional support was provided to develop an essential site assessment that saved the city $50,000. “Through a consultant they hired, the LVLRI completed the Phase II report we had to have,” said Darlene Heller, the city’s director of planning and zoning. “That gave us the information we needed to move forward — and the clearance to do so.”

Kitchen Magic

Renovating the renovators.

Kitchen Magic restores and rejuvenates tired kitchens and bathrooms. When its work was limited by facilities that were too small and improperly configured, the company called on LVEDC and found the help to keep growing.

Seeing the perfect potential in a 35-year-old Nazareth property was only the first step. The space needed to be reconfigured into a manufacturing plant and office space that could support Kitchen Magic’s work in seven states. LVEDC shepherded Kitchen Magic’s application for a $1.8 million SBA 504 loan. Brett Bacho, a member of the family that owns the company, said LVEDC rendered essential assistance in securing necessary capital. “They were instrumental in providing us with access to special finance programs. They focused us here, and it became a smart choice to make the move to Lehigh Valley.”

17

for all

growthEconomic growth for all.We’re Lehigh Valley Economic Development and our mission is straightforward enough: promoting regional economic prosperity. We accomplish that by working with all types and sizes of businesses to help them get started, relocate here, grow and stay in the area. LVEDC offers a wide variety of services and resources to help businesses succeed, including financing, real estate services, site location assistance, workforce training, technology support, economic data and much more. If your business needs help relocating, starting or expanding in Lehigh Valley, call us first. We’re the region’s premier business resource.

All the business resources you need under one very big roof.

One business contact you’ll be happy you made.

2158 Avenue C, Bethlehem, PA 18017610-266-6775 | LehighValley.org

MaRketIng suMMaRyLVEDC continued to brand the Lehigh Valley to

the region and nation as a place to do business

through various electronic and print outlets,

videos and media through a year of transition.

At the beginning of the year, LVEDC implemented

and improved Search Engine Optimization to

drive traffic, develop analytic tools and measure

key entry points to LVEDC’s web site. We

produced collateral materials that highlight the

region, which are used by LVEDC with prospects.

Through news releases, the LVEDC blog and

e-news blasts, LVEDC communicated our success

stories while keeping the focus on where it should

be: the businesses. LVEDC also hosted events

such as the Annual Meeting, Mid-Year Meeting,

Legislative Governmental Relations Breakfast

Series and others that show the value of the

organization not only to investors, but to the public.

Our commitment to implementing the Strategic

Plan was furthered by creating the Drive

web portal, a site for entrepreneurs and small

business owners that will serve as a resource

database. The marketing team also continued to

seek and produce grants that allow LVEDC to

help businesses reach their potential and, more

importantly, create jobs that improve your quality

of life in the Lehigh Valley.

just a few of the prominent people

ready to help you build your business.

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2011 LVEDC INVESTOR CONTRIbUTIONS

Continuous Financial ImprovementCoordinated Health SystemsCorporate Environments rCraighead Associates, LLCCrayola LLCCrystal SignaturesCURA HospitalityDerby Supply Chain Solutions DeSales UniversityDesignPoint, Inc.D’Huy EngineeringDietrick Group, LLC Duggan & Marcon, Inc.EarthRes Group, Inc. mEastern TimeEaston Area Industrial Land Development Company, Inc.Easton Coach CompanyEco-Tech, Inc.Elk EnvironmentalEmbassy Bank for the Lehigh Valley rEnterprise Systems Partners, Inc.eScott MarketingEssroc Cement Corp.Express Employment Professionals - Northampton CountyfiberAmericaFirst Niagara BankFirst Telecom ServicesFlexLink Systems, Inc.Good Shepherd Rehabilitation NetworkGorski Engineering, IncGray ConnectiveGreater Lehigh Valley Chamber of Commerce rHaines & Kibblehouse, Inc.Hampson, Mowrer, Kreitz Agency, Inc.Handlon Business Resources r dHealthAmericaHighline Imports, LLCHighmark Blue ShieldHillwood Investment PropertiesHistoric Hotel BethlehemHorwith Trucks, Inc.i360 ToursInova Technologies, LLCIntercontinental Distributing, Inc.J & J Affordable & Luxury TransportationJMT Environmental Just Born, Inc.Keystone Consulting Engineers, Inc.King, Spry, Herman, Freund & Faul, LLCKitchen Magic, Inc.Klein & Hoffman, Inc.Klunk & Millan AdvertisingLafayette CollegeLangan Environmental & Engineering mLehigh Carbon Community CollegeLehigh County AuthorityLehigh Valley Association of Independent CollegesLehigh Valley Association of RealtorsLehigh Valley Rail ManagementLesavoy Butz & Seitz LLCLightweight Manufacturing, Inc.Majestic Athletics, A Division of VF Imagewear

VISIonaRY

$50,000+Lehigh County m rNorthampton County m j r

StRateGIC

$20,000-$49,999Air Products d rDiscover Lehigh Valley Lehigh University j rLehigh Valley Workforce Investment Board, Inc. d jNorthampton County New Jobs Corp. jPPL Corporation j rUGI Utilities, Inc. j

unItY

$10,000-$19,999Capital BlueCrossInnovative Designs & Publishing, Inc.Lehigh Valley Health Network j rLiberty Property Trust cLutron Electronics Company, Inc.PNC Bank jWells Fargo Bank d r

ValleY

$7,500-$9,999ArtsQuest rFirstEnergy Corporation KNBT, a Division of National Penn Bank rLafayette Ambassador Bank rMajestic Realty Co. cSt. Luke’s Hospital & Health Network j rVerizon Foundation rWest Side Hammer Electric r

allIanCe

$5,000-$7,499401 Creative Arcadia Properties, LLC rBank of AmericaBen Franklin Technology Partners of Northeastern PA jBMW North America cCity of Bethlehem j rCommunity Action Committee of the Lehigh Valley Gibralter Development Corp Inc Green Knight Economic Development Corporation rJ.G. Petrucci Co., Inc. mLehigh Valley Industrial Park, Inc. c

Lehigh Valley International AirportNorthampton Community College jPiramal Critical Care cPrologis cSigma-Aldrich c Tallman, Hudders & Sorrentino, P.C., the PA office of Norris McLaughlin and Marcus, P.A.

CoRneRStone

$2,500-$4,999B. Braun of America, Inc. rBrown & Brown of Lehigh Valley, Inc.Cobalt Computers rConcannon, Miller & Co., P.C.Fitzpatrick, Lentz & Bubba, P.C. rHDR Engineering, Inc. m rIronton Telephone CompanyJ.M. Uliana & Associates, LLCJHG Hotel Management: 1. Hilton Garden Inn 2. Staybridge Suites 3. Marriott TownePlaceMack Trucks, Inc.Mosaic InteractiveMSG QuandelPalram Americas GroupQNB Serfass ConstructionSovereign Bank dT & M AssociatesURS CorporationZep, Inc.

CoMMunItY

$1,000-$2,49944 Business CapitalActive Data Exchange, Inc. rAFC Reverse Mortgage, Inc. rAlbarell Electric, Inc.Allan A. MyersAllied Barton Security Services LLCAllied Building CorporationAlvin H. Butz, Inc. Applied SeparationsBest Western Lehigh Valley Hotel & Conference CenterBlue Rock Construction, Inc.Bohler EngineeringBorton Lawson Breslin Ridyard Fadero ArchitectsBrinjac EngineeringBrown-Daub, Inc.BTI Coopermatics Inc.Buckl ArchitectsBuckno, Lisicky and CompanyCalicor StaffingCaruso Benefits Group rCedar Crest CollegeCharles Chrin CompaniesCity Center Lehigh ValleyCoca-Cola CorporationCompass Point, Ltd. r

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SAGE Design-Build, Inc.Schlouch, Inc.Select Sales, Inc.SmitHahn Company, Inc.Somerset Properties, Inc.Stemie’s 1818 TavernThe Bar Association of Lehigh CountyThe Garibaldi GroupTrans-Bridge Lines Inc.United Way of the Greater Lehigh ValleyWells Fargo AdvisorsWilliam Elek, LtdWoodmont Properties, LLC

entRepReneuRSHIp

$250-$499cumulusIQIMC BiotechnologyWalton Motivation, Inc.

KeYIndicates additional contribution:

m LVLRI: Lehigh Valley Land Recycling Initiative

d OMWOB: Office of Minority & Women-Owned Businesses

j KIZ: Southside Bethlehem Keystone Innovation Zone

c Foreign Trade Zone

r Indicates board of directors member of LVEDC

Manufacturers Resource CenterMaser Consulting, P.A.McTish Kunkel & AssociatesMericle Commercial Real Estate ServicesMeyer Jabara: 1. Holiday Inn Conf. Center 2. Courtyard by Marriott – Bethlehem 3. Hyatt Place – BethlehemMiers InsuranceMKSD ArchitectsMohr Management ResourcesMoonstone Environmental m Morris Black & Sons, Inc.MRA GroupMusclemaker GrilleMVM Associates, IncNacci Printing, Inc.NAI SummitNew World AviationNic Zawarski & Sons, Inc.North Star Construction Management, Inc.Northwestern Physical Therapy and Fitness Inc.Nova BankOndra-Huyett Associates, Inc.OraSure Technologies, Inc.Originate VenturesPenn State Lehigh ValleyPennoni Associates, Inc. m Performance Coatings International Laboratories, LLCPrudential Patt, White Real EstateReeb Millwork CorporationRLB Certified Public AccountantsRothrock Motor Sales Inc.Sam Adams/Boston Beer CompanySanctuary by Michael Perry Salon & Day SpaSands Casino Resort Bethlehem rScot Lubricants, LLCServpro of Easton, Bethlehem & WhitehallSpark Marketing CommunicationsSperry Van Ness/Imperial RealtySpillman Farmer ArchitectsSSM GroupStevens & LeeStiegler, Wells, Brunswick & Roth, Inc.Superior Quartz Products, Inc.Susquehanna BankSustainable Energy FundSYNACT, Inc.Taggart AssociatesTD Bank Team Capital BankThe Frederick Group, LLCThe Goddard SchoolThe Norwood CompanyThe Pidcock CompanyThe Seltzer GroupThe Stone House GroupUltra-Poly CorporationUnivestUpper Macungie TownshipVistacom, Inc.Wacker Chemical Corporation

Waste Management, Inc.Wind Gap Electric, Inc.Wind-Drift Real Estate Associates

SMall BuSIneSS aSSoCIateS

$500-$999AAA East PennActionCOACHAdams Outdoor AdvertisingAerotek, Inc.Alfred Benesch & CompanyAllied Personnel ServicesArtefact, Inc.Associated Builders and Contractors, Eastern PA Chapter, Inc.Barry Isett & Associates, Inc. m Berger-Epstein Associates, Inc.Broughal & DeVito, LLPC.F. Martin & Company, Inc.Comfort Suites BethlehemComputer Aid, Inc.Cushman & Wakefield of PADaniels Cadillac, Inc. – BMWDeiter Brothers DME AllianceDunn Twiggar Company, LLCDutch SpringsEastern PA Business Journal Electronic Commerce, Inc.Express Employment Professionals – Lehigh CountyFastSignsFedetz & Martin AssociatesFirst Star BankFishburn Realty CompanyFollett CorporationFranklin Realty Development CorporationGelcor Realty, Inc.Hanover Engineering Associates, Inc.Hanover Township (Lehigh County)Hanover Township (Northampton County)Hawley Realty, Inc.Integrity Personnel, Inc.Kelly Car & Truck CenterKistler O’Brien Fire ProtectionKnopf AutomotiveLehigh and Northampton Transportation AuthoritiesLehigh Career & Technical InstituteManagement Recruiters of Bethlehem, Pa.Mark Wetzel Accounting Management & ConsultingMerchants Bank of Bangor rModern Precast ConcreteModernfold of Reading Inc.NTH Consultants, Ltd.O’Donnell & Naccarato, Inc.Offix, LLC rOtt Consulting, Inc.ParenteBeard, LLCPennsylvania Metallurgical, Inc.Reimer Real Estate, Inc.RenewLV mRETTEW Associates, Inc.

The Hon. John Callahan Mayor City of Bethlehem

Mr. Donald Cunningham County Executive Lehigh County

Mr. John Cusick President Northampton County Council

Ms. Margaret “Peg” Ferraro Vice President and Designated County Representative Northampton County Council

Mr. Vito Gallo Asst. VP for State Relations Lehigh University

Mr. Tom Garrity Managing Partner Compass Point, Ltd.

Ms. Sally Handlon President Handlon Business Resources

Ms. Kassie Hilgert Senior Vice President of Marketing and Advancement ArtsQuest

Ms. Jane Kohler

Mr. John Krajsa President AFC Reverse Mortgage, Inc.

Mr. William Michalerya Associate VP for Governmental Relations Lehigh University

Mr. Philip Mitman President & CEO Lehigh Valley Economic Development Corporation

The Hon. Sal Panto Mayor City of Easton

The Hon. Ed Pawlowski Mayor City of Allentown

Mr. Michael Stershic President Discover Lehigh Valley

Mr. John Stoffa County Executive Northampton County

Mr. Richard Thulin President Arcadia Properties, LLC

offiCeRsCHAIRMAN Mr. Donald M. Bernhard Director – Community Affairs PPL Corporation

1ST VICE CHAIR Mr. Richard E. Thulin PresidentArcadia Properties, LLC

2ND VICE CHAIR Mr. William D. Michalerya Associate Vice President for Governmental Relations Lehigh University

TREASURER Ms. Jane L. Kohler

SECRETARY Mr. Tom Garrity Managing Partner Compass Point, Ltd.

EX OFFICIO Mr. Donald Cunningham County Executive Lehigh County

EX OFFICIO Mr. John Stoffa County Executive Northampton County

EX OFFICIO The Hon. John Callahan Mayor City of Bethlehem

eXeCutive CommitteeMr. William Ahlert Vice President HDR Engineering, Inc.

Mr. James Bartholomew Executive Vice President Embassy Bank for the Lehigh Valley

Mr. Donald Bernhard Director – Community Affairs PPL Corporation

Mr. Dean Browning Chairman Lehigh County Commissioners

Dr. Percy Dougherty Commissioner and Designated County Representative Lehigh County Commissioners

Mr. Seymour Traub Chairman Allentown Economic Development Corporation BoaRd of diReCtoRsMr. William Ahlert Vice President HDR Engineering, Inc.

Mr. Peter Albanese Treasurer – Board of Directors Green Knight Economic Development Corporation

Mr. James Bartholomew Executive Vice President Embassy Bank for the Lehigh Valley

Mr. Donald Bernhard Director – Community Affairs PPL Corporation

Mr. Anthony Biondi CEO Merchants Bank of Bangor

Mr. Dean Browning Chairman Lehigh County Commissioners

Dr. Percy Dougherty Commissioner and Designated County Representative Lehigh County Commissioners

The Hon. John Callahan Mayor City of Bethlehem

Mr. Donald Cunningham County Executive Lehigh County

Mr. Luke Cunningham Chair Bethlehem Economic Development Corporation

Mr. John Cusick President Northampton County Council

Ms. Margaret “Peg” Ferraro Vice President and Designated County Representative Northampton County Council

Mr. Bert Daday SecretaryLehigh Valley Partnership

Ms. Adriana DeFrancisco CEO Offix Systems

2011 LVEDC LEADERS

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2158 Avenue C, Bethlehem, PA 18017 | 610-266-6775 | LehighValley.org