2006 Annual Report - Lehigh Valley, PA - Lehigh Valley ... · redevelopment, which we are confident will help take LVEDC to the next level. The achievements that LVEDC had in 2006

2006 Annual Report

P.O. Box 21750 Lehigh Valley, PA 18002 t. 610.266.6775f. 610.266.7623

[email protected]

©2007 LVEDC. All rights reserved.Photography: Ang Caggiano

www.lehighvalley.org

Chairwoman’s Message

The year 2006 has been an incredibly rewarding one for LVEDC and the Lehigh Valley. With

the help of our public and private sector partners, we have continued to advance the economic

growth and prosperity of the region. Our successes are abundant. It has also been a year of

great change at LVEDC. Our leader of six years, Raymond F. Suhocki, retired in June. We are

grateful for his service and guidance. Beth R. Gorin began her position as the new President and

CEO of LVEDC in August. Previously of the Bergen County Economic Development Corporation,

Beth brings with her a strong expertise in economic development, real estate and urban development/

redevelopment, which we are confident will help take LVEDC to the next level.

The achievements that LVEDC had in 2006 are a testament to the strength and talent of the staff,

the support of our partners throughout the Lehigh Valley, and the groundwork that was laid by the

founding members of this organization. We appreciate the financial investment of our corporate

membership which allows us to continue the work of our mission. In 2006, LVEDC experienced

increases across all measures for solid growth.

LVEDC is indeed a world-class organization. As our 2005 Positioning Study showed, LVEDC

has proven itself to be a market-focused and customer-driven one-stop shop with an incredibly

strong and valuable network of partners. In our efforts to continually improve on the quality of

our resources, we have expanded our financial services to include dozens of incentives and loan

packages. In 2006, we increased the loan volume to companies relocating to the Lehigh Valley by

more than 62%. And in support of our indigenous businesses (an important engine of economic

growth in the region), we saw a 136% increase in the financial incentives that we secured for

businesses that already call the Lehigh Valley home. Both of these measures translate directly

to investment in our communities. Attracting family-sustaining jobs to the region is part of

1

LVEDC’s mission. The Lehigh Valley, through the efforts of LVEDC and its partners,

saw unprecedented job creation in 2006. The Lehigh Valley was responsible for 35% of

the jobs created in the Commonwealth in the past year, more than any other region.

Our business development efforts resulted in a 23% increase in requests for real

estate information. We had many notable corporate relocations and expansions, which

are noted in the report that follows. This year, LVEDC launched a new national and

international communications strategy that included an overhaul of the Web site, new

collateral, advertising in selected media and a monthly e-newsletter.

Our commitment to growing the region is extensive. LVEDC’s application for a

Foreign Trade Zone in the Lehigh Valley, pending approval for 2007, will be a valuable

tool in our recruitment efforts and help Valley businesses more adeptly compete in the

global marketplace. Our business recruitment efforts, specifically in the clusters of

Life Sciences, High Technology, Advanced Manufacturing & Materials and Financial

Services, are in tandem with our local, regional and state partners. In order to continue

the work that has already been achieved, LVEDC will be completing an organizational

Strategic Plan to help us develop new initiatives and strengthen existing ones, ensuring

that all stakeholders and partners continue to be part of the process.

These accomplishments are just the beginning. Transportation issues in the

Valley continue to be an important concern and need to be addressed. We will continue

to work on viable redevelopment opportunities, and as always, we must focus on the

urban revitalization of our three cities.

As we begin 2007, we look forward to continuing the strong partnerships that we

have with all of you. It is not an easy road ahead, but our past achievements are evidence

that by working together we can make the Lehigh Valley a prosperous economic

center, a thriving community, and a wonderful place to live, work and do business.

Thank you for all that you have contributed to another successful year. We look

forward to continuing those efforts in the future.

Respectfully yours,

Jan S. Armfield

The Year in Review

The mission of the Lehigh Valley Economic Development Corporation is to

promote and foster economic prosperity in the Lehigh Valley. This is only possible with

the help of our many partners, including regional economic development partners,

private investors, volunteers, not-for-profit organizations and staff.

Over the past several years, we have continually expanded our products and

services to better meet the needs of those we serve. The financial programs we

access for clients include dozens of incentives and loan packages. We have also grown

to include a Regional Development function and Brownfields Initiative (LVLRI). LVEDC

is the fiscal agent and coordinator of the Southside Bethlehem Keystone Innovation

Zone (KIZ), one of the first zones in the Commonwealth. LVEDC also manages the

Keystone Opportunity Zone (KOZ) initiative. Our application for a Foreign Trade Zone in

the Lehigh Valley is pending approval and will further enhance the attractiveness of

the region and allow companies that call the Lehigh Valley home to compete globally.

We have commissioned and participated in a number of professional studies,

including the Life Sciences Study and Latino Study, and partnered in the IBM Cluster

Analysis (Identifying Opportunities for Pennsylvania to Compete in the Global Economy)

completed by the Commonwealth in 2005.

Based on the findings of these studies, we developed a new national and

international marketing strategy to help grow awareness of the Lehigh Valley.

As in 2006, we will remain committed to our mission and continue to

“help business arrive and help business thrive” in 2007 and beyond.

32

Planting the Seeds of AwarenessLVEDC’s marketing efforts are intended to be

global and benefit the entire region. Based on theresults of a positioning study we performed lastyear, we launched a new marketing campaign tobuild awareness and increase the perceived valueof LVEDC and the Lehigh Valley.

Stiegler, Wells, Brunswick & Roth (swb&r)was selected as the Agency of Record for LVEDC.Along with our own Marketing and Public Relationsstaff, swb&r has worked to create a communicationcampaign that includes web-based marketing,advertising and media, direct mail, public andcommunity relations,and special events tobuild awareness ofthe Lehigh Valley.

Advertising: The2006 marketingcampaign continueswith national andregional ads inselected publications.In addition to theprinted media, we arerunning online adsand property listingsin industry-specificelectronic publications.Advertisements forLVEDC’s financialpackages, includingthe SBA 504 Program,were placed in selective publications and aired ina weekly radio spot on the Chamber of Commerce“This Week in Small Business” radio network.

Redesign: LVEDC is currently upgrading corporatebrochures for LVEDC as well as specific business units:Finance, Brownfields, Membership Development andthe Keystone Innovation Zone. Collateral materialsare included in every information packet that isgiven to prospective clients, member prospects andmedia inquiries.

Awards: In 2006, LVEDC’s new collateral materialswon numerous awards in nationally recognizedcompetitions, including the MarCom Awards.

Web Site Management

The upgraded LVEDC Web site went live onMarch 30 and features improved usability and anenhanced visitor experience. With maps and searchabledatabases, those researching the Lehigh Valley canfind information on the region with just a click ofthe mouse. TheWeb site boastsa sleek new lookwith updatedgraphics andphotography.

Search Engine Rankings: LVEDC maintains anoptimization plan that includes strategic placementof keywords, alt tags, descriptions, etc. to improvethe overall ranking order of the site, therebybringing greater exposure to the Lehigh Valleyand its counties and cities.

Search Engine Marketing/Blog Seeding: Tosupport the popularity of online searches of theregion, resources have been allotted in the 2007

Marketing Plan to support search engine marketingand blog seeding.

E-Newsletter: The LVEDC newsletter, Outlook, wasalso redesigned as a part of our Web site overhaul in2006. The e-newsletter has a fresh look with improvedcontent and is e-mailed to more than 600 communityleaders each month, including members, electedofficials and those who sign up on our Web site. Theinaugural issue in May had an exceptional 26.4% click-through rate.

It continues to be an effective communicationsvehicle for reaching our stakeholders with an open/readrate that has steadily increased with each issue to40–45% (the industry standard for an e-newsletter isconsidered “good” at 5–10% open/read).

The Web site enjoys approximately25,000 visits a month, with an average

of 9,000 downloads of variousinformation and demographics.

Public Relations

Press Coverage: LVEDC has garnered more than 200 press mentions (print, electronic), nationally and regionally,since January 2006. Some of these mentions are the result of press releases sent to the media this year.

As a result of our marketing campaign, LVEDC and the Lehigh Valley were part of a feature story onquality of life initiatives in the current issue of Business Xpansion Magazine. The Lehigh Valley also appeared inthe September issue of Site Selection and CNN.com.

Media Visits: Throughout the year, we hosted numerous media personnel and continued ongoing mediaplacements by building relationships with key local and regional editors and reporters.

LVEDC assisted ABC affiliate, TV-33 in Youngstown, Ohio, with a three-part series comparing Youngstownto the Lehigh Valley based on a research project from MIT. This series featured the development of sunriseindustries like biotechnology, nanotechnology and other life sciences companies in the Lehigh Valley.

As part of Pennsylvania’s global competitiveness initiative, a corps of German media toured the Lehigh Valleyin March. Companies that work with renewable/alternative energy were the focus of their trip and LVEDCcoordinated the logistics of their visit.

Partner and Member Initiatives

Member Events: The marketing team assists member companies and client companies in celebrating theirsuccesses by assisting with open houses, ribbon cuttings and groundbreakings throughout the year. Some ofthe companies we have assisted this year include Strahman Valves, Superior Quartz, Coordinated Health,Automatic Data Processing (ADP) and Innovative Control Systems.

LVEDC holds two Members’ Meetings each year, the Annual Meeting in January, and the Mid-YearMembers’ Meeting in the summer. More than 350 members participated in our 2005 Annual Members’ Meetingheld January 2006 at Symphony Hall, Allentown, and more than 225 members attended LVEDC’s 2006 Mid-YearMembers’ Meeting at the Williams Center for Performing Arts at Lafayette College in Easton.

LVEDC hosts a New Member Welcome and Orientation Luncheon each quarter to introduce new membersto the organization and to answer membership-related questions. We continue to keep our members informedof our initiatives and prospecting activities through member alerts, the publication of the LVEDC Member Directory,news releases and the e-newsletter.

Some of our more recent

media coverage includes:

The New York TimesNJPA JournalPBS TV 39Site SelectorABC News Business 2.0 MagazineMoney MagazineExpansion MagazineEntrepreneurs.comAssociated Press

Forbes The Morning CallAllentown Times Eastern PABusiness JournalThe Express-TimesWDIY FMExpansionManagement Bloomberg

4 5

Urban Tour 2006: In conjunction with the cities ofAllentown, Bethlehem and Easton, LVEDC hosteddevelopers on a bus tour of development opportunitiesand ongoing projects and attractions in the threecities. LVEDC and city officials from each of the threecities had the opportunity to showcase revitalizationopportunities to the group.

Experience Lehigh Valley 2006: This fourth annual golfouting is held at Saucon Valley Country Club and targetslife science executives and site selection consultants.Regional real estate, broker, and community partnersjoined later for a networking reception.

Broker/Developer Meetings: LVEDC hosted twobreakfasts in 2006 for Lehigh Valley real estateprofessionals with combined attendance of more than 100 representatives.

Trade Shows

BIO 2006: LVEDC attended the largest biotechnologyand pharmaceutical trade show in the world in April,promoting our region and its amenities for businessrelocation and investment. We raffled off a MartinGuitar and two Olympus cameras in celebration of our region and received prominent media coveragein BIO News, Area Development and local newsprint.

Medical Device & Manufacturing: LVEDC exhibitedat the 2006 Medical Device & Manufacturing Expo inNew York as part of the FirstEnergy PA Pavilion. Weattended as part of our commitment to positioningthe Lehigh Valley region as a preferred location to thisbiotechnology cluster.

Also attended:

—International Council of Shopping CentersPA/NJ/DE Idea Exchange

—Urban Land Institute

—CoreNET Global Summit

—Brownfields Conference

—Rail-Volution Conference

—International Council of Shopping CentersNew York IE & Deal Making Idea Exchange

Foreign Trade Zone: We completed a feasibility studyto create a Lehigh Valley Foreign Trade Zone (FTZ) as abusiness retention and attraction tool to assist companiesinvolved with international trade. LVEDC coordinated aFTZ Public Hearing in September where stakeholdersprovided comments in support of our FTZ application.

Another important function of the BusinessDevelopment team at LVEDC is maintaining theaccessibility and accuracy of our property database, whichprovides valuable information to the site selector andbroker communities as well as prospects. LVEDC worksto keep the database accurate, and the three cities inthe Lehigh Valley (Allentown, Bethlehem, and Easton),as well as the smaller municipalities, all have accessto it, so it can be updated on a regular basis.

Growing Business Throughout the Valley

As we work towards our goal of streamlining the relocation and expansion process,our Business Development team is charged with accumulating, organizing and providinga wealth of information on real estate, workforce, utilities, transportation and financialincentives to brokers, property professionals, workforce development and governmentleaders. They also market the Valley as a great place to locate or grow a business to keycluster industries, including financial services, the life sciences and specialized manufacturing.

In 2006, LVEDC participated in and hosted several key events targeting the developmentof business in the Lehigh Valley. They include:

Did you know?

In 2006, LVEDC assisted with therelocation and retention of several

large companies including B. Braun, who will be adding at least 300 jobs andpossibly more than 800 in a two-phase

$100 million expansion backed by state aid.

6 7

Preserving Our Most Precious Resource

To reach businesses that already call the Lehigh Valley home, LVEDC expanded itsmarketing and public relations efforts with local communications aimed at reaching keydecision makers. Ads in local media showcasing resources available to businesses, anenhanced electronic newsletter with monthly distribution, electronic alerts on businessnews, an expanded news release program and seminars featuring loan and incentiveprograms, are all just a few of the ways we connected with these important partners.

Keystone Innovation Zone

The Southside Bethlehem KIZ leverages theresources of Lehigh University, NorthamptonCommunity College and 12 other partners includingBen Franklin Technology Partners of NortheastPennsylvania, the City of Bethlehem, Good ShepherdHospital, Lehigh Valley Hospital, ManufacturersResource Center, OraSure Technologies, SmallBusiness Development Center (SBDC), St. Luke'sHospital, TeamPennsylvania Foundation, UGI Utilitiesand Wachovia.

Covering four square miles, the KIZ providesgrants and tax credit benefits. Another benefit tobusinesses located within the KIZ, is the wirelessconnectivity provided through PPL Telcom.

With a focus on target industries of Life Sciences,Opto/Microelectronics, Information Technology, FinancialServices and Advanced Materials/Nanotechnology, theSouthside Bethlehem KIZ has enjoyed the followingsuccesses in 2006, our second contract year:

—Received third round approval of funding fromBen Franklin Technology Development Authorityin the amount of $125,000

—Assisted in creating 23 new jobs inside the Zone andaided companies in the retention of 70 existing jobs

—Worked with 21 client companies that were responsible for filing 17 new patents

—Technology transfer activities remained high through2006 with more than 11 companies receiving funding totaling $156,815

—Completed a Life Sciences Study of the region’s assetsto support this target cluster; developed strategies based on the study’s recommendations includingcreating a Vision Statement, marketing strategy and regional life sciences association

—The KIZ alternative transportation project continuesto look for transportation solutions. Several initiativesare in the works including identifying trip originsand destinations, existing and proposed modes oftransportation, and the existing/potential technologies and programs

8 9

As regional coordinator for Pennsylvania’sBusiness Retention and Expansion Program (BREP),we connect with nearly 1,000 Lehigh Valley employersper year. Interviews are conducted to determine keyissues and resource needs. Businesses are thenlinked with the appropriate regional, state or federalagencies and programs to keep our existingemployers healthy and growing in the Lehigh Valley.In 2006, 40% of our business retention interviewsgenerated “Customer Action Plans” or requests forinformation/assistance—roughly double the rate oflast year.

Key issues surfacing during 2006 wereconcerns about the cost of healthcare, the ongoingshortage of trained and qualified employees, andthe ability to finance operations and expansion.Other issues such as the economy, taxes andregulations declined in relative importance.

“We wouldn’t be where we are

metaphorically and geographically if it wasn’t

for LVEDC. We knew if we stayed in Bethlehem

we could get the funding for this company and

partner with other companies.”

—Tim Marks, co-owner of Eco-Tech Marine, a KIZ start-upcompany and tech transfer grant recipient.

Did you know?

Our Business Retention and ExpansionProgram (BREP) helped generate

over $35.5 million in public financingand $58.4 million in total project

expenditures to retain andexpand existing employers

in the Lehigh Valley.

Realizing the Region’s PotentialLVEDC works with our economic development

partners throughout the region on projects related toinfrastructure development, land aggregation, techcenters, shell buildings, urban revitalization andbrownfields. Specific 2006 initiatives for regionaldevelopment include:

Cities, Counties and Municipalities

Revitalizing our three downtowns, as well as thesmaller municipalities, is critical in fostering economicprosperity in the Lehigh Valley. To spur those efforts,we are in constant contact with local and state officialsregarding individual economic development projects,and continue to advocate for these projects throughour Legislative and Government Relations Committee.

Latino Study: In June 2006, the Latino Economic Center of the Lehigh Valley completed a strategic plan basedon 2005’s Latino Study. As of today, the Latino Economic Center of the Lehigh Valley has been instrumental inthe development of:

—El Puente (the first Latino community based organization in Easton)

—An educational coalition that spans the three cities and two counties and includes representatives from threeschool districts, several higher education institutions, as well as business and government

—The first annual Latino Community Based Organizations and Faith Based Organizations Summit, which beganthe dialogue between the organizations on the recommendations of the Study

Keystone Opportunity Zone (KOZ): LVEDC continues to promote the Lehigh Valley’s KOZ Sub-Zones for development,which offer tax abatements to blighted and underused properties. The Butz Building at 9th and Hamilton Streetsin downtown Allentown opened in September 2006 featuring corporate office space and is now the home to theLehigh Valley Convention and Visitor’s Bureau and the Greater Lehigh Valley Chamber of Commerce (GLVCC).

Legislative and Government Relations/Real Estate Committees: LVEDC facilitated two meetings with DEPSecretary Kathleen McGinty on behalf of the real estate community who had concerns with the permittingprocess. This resulted in the DEP offering several proposals on ways to improve the NPDES Post ConstructionStormwater Management permitting process.

Partnership Initiatives

Allentown Main St./7th Street Corridor support: LVEDC is working with the City of Allentown on acomprehensive marketing campaign and has pledged financial and professional support of the city’s initiatives.

Bethlehem Branding: LVEDC serves on Bethlehem’s Marketing Committee lending professional support tomarketing and community relations efforts.

Easton Branding: LVEDC funded the city of Easton’s brand awareness, logo and identity development initiative.A positioning statement for downtown Easton was created by LVEDC for the Main Street initiative program.

Partnership with Boroughs/Cities: As part of a regional approach to assisting the smaller municipalities in theregion, LVEDC partnered with the GLVCC and the boroughs of Alburtis, Coopersburg, Hellertown, Macungie,Bangor, Bath, Catasauqua, North Catasauqua and Wilson to include their available downtown, retail, mixed-useand storefront properties in our online Site Selector database.

10 11

Specifically, our endeavors for the three cities include:

Allentown: Worked on Allentown EconomicDevelopment Corporation’s projects includingS.10th Street; began work on several brownfieldredevelopments.

Bethlehem: Supported BethWorks Now andBethlehem Commerce Center; helped obtain fundingfor Northampton Community College Fowler FamilySouthside Center through Economic DevelopmentAdministration.

Easton: Instrumental in establishment of GreaterEaston Development Partnership (GEDP) Board, continueto help with GEDP; assisted with implementation ofBushkill Creek Corridor Project in finding masterdeveloper.

Slate Belt Initiatives: Bangor Area School DistrictRegional Economic Development Authority(BASDREDA) — Serving as Project Manager forthe construction of the industrial park.

Borough of Portland: We administer the IDP grantfor the Portland Project and have received bids forthe construction of the wastewater treatment facility.

Green Knight Economic Development Corporation

(GKEDC): The second shell building incentive packagehas been negotiated and agreed upon. Easementrights and other development issues are currentlyin negotiation.

Council of Governments (COG): All 10 Slate Beltmunicipalities are now members of the COG andmeet monthly.

Did you know?

LVEDC financed over $52.8 millionin projects for regional companies in2006, leading to the creation of over1,400 jobs and $202.5 million in total

project investments in the Valley.

Everything Old is New AgainLVEDC's Land Recycling Initiative (LVLRI) is

focused on promoting economic development throughthe reuse of abandoned and underutilized commercialand industrial properties, also known as brownfields.

Land recycling is just one of the ways in whichwe work to foster economic development whileprotecting human health and the environment, aswell as preserving open space. LVEDC helps to findsites that are ideal for each individual business andalso assists in the redevelopment process.

The U.S. Environmental Protection Agency (EPA)awarded two Brownfields Assessment Grants for atotal of $400,000 to LVEDC in 2005. $200,000 of thegrant dollars were to be used toward hazardoussubstances, and $200,000 for petroleum cleanup.

In 2006, LVEDC outsourced the administrationof the EPA grants to Moonstone Properties, LLC ofAllentown, PA. Moonstone is responsible for managingthe Phase I and Phase II environmental site assessmentsfor LVLRI, as well as administering the EPA grants.

Project-Specific Updates

840 Broad Street, Emmaus: LVLRI completed a Phase Ienvironmental site assessment of the former AtlanticAquiculture site in February 2006 through the 2003EPA Assessment Grant. The site has been rehabbedfor multi-tenant use. Seven tenants have signed onand will create approximately 55–65 jobs on site.

Bangor Business Park, Bangor: In March 2006, LVLRIcompleted a Phase I site assessment of the former Bangorincinerator site through 2003 EPA grant funds. The site isproposed for industrial park redevelopment. LVLRI alsoassisted the Bangor Borough Authority to successfullyapply for a Business in Our Sites (BIOS) planninggrant to fund an engineering feasibility study of thesite. This study is ongoing.

Lehigh County Ballyard, Allentown: For the pastseveral months, LVLRI has been working with LehighCounty and the City of Allentown to facilitate theCounty’s use of a sub grant through the City’s EPABrownfield Cleanup Revolving Loan Fund to fund anenvironmental insurance policy as part of this project.The County has closed on the property and has brokenground on the project.

Simon Silk Mill/Moon Properties, Easton: In June 2006,LVLRI completed a Phase I assessment at the Silk Mill

site (a Phase I had previously been completed by LVLRIat the adjacent Moon Property) and is currently in theprocess of completing a Phase II assessment of bothsites while working with the Easton RedevelopmentAuthority to develop cleanup cost estimates for usein the acquisition of the Silk Mill.

2100 Liberty Street, Easton: LVLRI is in the processof completing a Phase II assessment through 2005EPA grant funds at this former glass and metaletching facility.

River Walk, Allentown: LVLRI is in the process of completing a Phase I and will likely complete aPhase II assessment through 2005 EPA grant fundsas part of the proposed redevelopment of a formersteel factory.

Phantom Fireworks, Portland: LVLRI is in theprocess of completing a Phase II assessment,through 2005 EPA grant funds, as part of the proposedredevelopment of a former quarry and fly ash landfillalong Route 611 near the I-80 interchange.

Support Activities

Inventory Update: LVLRI is developing a plan toupdate the current inventory of underutilizedredevelopment opportunities in the Lehigh Valley.The plan includes contacting municipal officials andeconomic development professionals to discuss newopportunities that may have become available sincethe last update was completed.

EPA Grantee Roundtable: LVLRI worked inconjunction with EPA Region 3 and HDR | LMS tocoordinate a brownfield redevelopment workshopand EPA Grantee roundtable held in December 2006.The event also included a ceremony for PhoenixAward-winner LVIP — the most prestigious awardin the brownfield industry. LVIP also received thePeople’s Choice award at the Brownfields Conferencein November.

Brownfield Redevelopment Tools Seminar: LVLRI is planning an event to be held in the spring of 2007for urban revitalization stakeholders (developers,bankers, attorneys, municipal officials, etc.) about thetools available to facilitate brownfield redevelopmentprojects in the Lehigh Valley.

12 13

Did you know?

In May 2006, Lehigh Valley LandRecycling Initiative (LVLRI) completedPhase II sampling work through 2003

EPA grant funds to support theredevelopment of the BridgeworksKOZ site in south Allentown. The

Allentown Economic DevelopmentCorporation owns the property, which

is proposed for redevelopmentby J.G. Petrucci Co.

Financing Dreams and VisionsHelping companies access capital so they can accomplish their goals is an important component of our

economic development strategy. Our experienced finance professionals help navigate companies through thesea of available finance and incentive programs to find the right fit for their needs.

In addition to a variety of federal and state loan and incentive programs, LVEDC’s Business Financingdepartment created the Lehigh Valley’s first regional loan pool by partnering with 12 financial institutions andLehigh University. The purpose of this $11.9 million loan program is to create and retain jobs in the LehighValley by providing an incentive for economically viable businesses to locate, expand or remain in the region.

In 2006, we continued to use our certification as a Small Business Administration (SBA) CertifiedDevelopment Company to help small businesses prosper in the region. In 2006, we completed 8 loans totaling$4.6 million.

LVEDC also continued to partner with Lehigh County Industrial Development Authority, Lehigh’s Economic Advancement Project, Inc. and Northampton County New Jobs Corp. to provide financing assistance to new companies.

In total, LVEDC financed over $52.8 million in projects for regional companies in 2006, leading to thecreation of over 1,400 jobs and $202.5 million in total project costs in the Lehigh Valley.

14 15

“LVEDC has been super as far as taking

me through the process of getting loans.

They provide general support and

encouragement and do a good job of

bringing businesses to the Valley

- George Reitz, owner of American Millwork & Cabinetry

2006 Forecasted Revenue

2006 Forecasted Expenses

Did you know?

Orchard Valley Meat, Fish & CateringCompany in Orefield received

a $648,017 SBA loan to renovate their facility.

Each year, the financial statements of LVEDC are audited by an independent accounting firm.

LVEDC’s financial statements received an unqualified opinion. To view the independent auditor’s

report and a detailed summary of LVEDC’s financial statement and report, visit www.lehighvalley.org.

Knowing Who We Are and Where We’re GoingLVEDC is a one-stop resource for news, data and regional economic and demographic

research. We provide the latest information on regional companies, legislation, the economyand trends to members, prospects, the media and partners.

The ranking of the demographic pages as one of the most accessed pages on the LVEDC Web siteindicates that the upkeep of regional research and demographics is a valued function of LVEDC. Through ournew Web site content management system, the research department has achieved real-time online updating oftime-sensitive economic and demographic data. As a result, up-to-date information is only a click away forreporters, developers, businesses, individuals and organizations.

The research department also collaborated on initiatives with the Lehigh Valley Workforce InvestmentBoard, the Lehigh Valley Business-Education Partnership and various committees of the Lehigh Carbon andNorthampton Community Colleges, CareerLink, Economic Development Council of the Lehigh Valley and theInformation Resources Group of the Delaware Valley Regional Planning Commission.

Membership in the LVEDC FamilyThe Lehigh Valley Economic Development Corporation is dependent upon the support of member

companies who invest their resources to further the mission of our organization. Membership is an importantgoal for LVEDC and this year we embarked on an ambitious program to support membership growth andretention. LVEDC secured the services of eScott Marketing to conduct a detailed evaluation of our currentmembership. Using results from a membership survey conducted in 2005, we are looking at ways to betterserve our present members and attract new members. Enhanced membership benefits and innovativesponsorship opportunities are also being implemented.

We continue to work proactively at growing our membership base to meet strategic goals. In 2006,membership measured 350 at the end of the fiscal year.

16 17

Business Clusters

LVEDC provides analysis of regional businessclusters to identify potential opportunities to targeteconomic and workforce development resources.LVEDC partnered in the IBM Cluster Analysis(Identifying Opportunities for Pennsylvania to Competein the Global Economy) completed by the state in2005 and is actively engaged in this initiative.Economic and workforce development funding isincreasingly focused on supporting only “targeted”industry clusters.

Did you know?

LVEDC’s membership is a “Who’s Who”of the Lehigh Valley, including these

new members in 2006: AshleyDevelopment, Inc., Worth & Company,

The Charles Chrin Companies, Langan Engineering & Environmental

Services, and Jaindl LandCompany/Jaindl Turkey.

Featured Member: PenTeleData

Founded in 1994, PenTeleData has been settingnew standards in telecommunications and Internettechnology. As Pennsylvania’s largest provider ofInternet service and data connectivity, PenTeleDatahas combined the vast resources of its partners toprovide you with the highest quality and most reliableInternet and data services. Those services extendbeyond Internet to Wi-Fi Internet access solution,ProLog Unleashed, which provides wireless hotspotInternet and an in-home computer service, ComputerPatrol, helping customers with wireless homenetworking, virus and spyware protection, softwareinstallation, computer repair, personalized trainingsessions and more.

PenTeleData’s long-time commitment to theValley is evident not only in the high quality servicesthey provide, but in their membership in LVEDC. “Inthe early 1990s, PenTeleData’s founders recognizedthe opportunities of a strategic partnership with othercable providers and telephone companies,” saidJohn H. Williams, General Manager, PenTeleData.“Today, that partnership has allowed us to becomePennsylvania’s largest provider of Internet serviceand data connectivity. We like the fact that LVEDCworks the same way to grow the entire region. Bothof our organizations combine the vast resources ofour partners to stay ahead of the competition andpromote the common good.”

Job creation is stronger and better than our

Northeast U.S. peers:

—Year-over-year job creation was 5,900; thehighest number since growth of 8,300 in 2000

—Over the past 5 years, the Lehigh Valley created 21,800 jobs

—During that period, the Lehigh Valley (ABE Metro Area) produced 1 out of every 6 new jobs in the Commonwealth

Lehigh Valley ranked 47 out of 63 for “Hot cities forentrepreneurs” for midsize cities by Entrepreneurs.com.

The Lehigh Valley is currently the hottest region inPennsylvania for jobs. Over the past 5 years the regionhas added jobs at a rate 6 times that of Pennsylvania.

The Bureau of Labor and Industry reported thatas of November 2006, the region was home to 347,200jobs, which is 5,900 more than in 2005. Big growth wasnoted in the healthcare sector and various jobs in theservices industry, including professional services,retail and restaurants.

Expansion Management magazine ranked theLehigh Valley as one of the 4-star Quality of LifeCommunities in the May/June issue.

According to BizMiner, Pennsylvania ranked in thetop 10 for High Tech, Pharmaceuticals, Plastics-Chemicals,Health Services, Medical Device Manufacturers,Agribusiness, Automotive, Manufacturing andTransportation industries in their 2006 Annual EconomicDevelopment Rankings.

Political Economy Research Institute rankedPennsylvania 12th in the Work Environment Index thatrates working environments in the U.S. in terms ofaverage pay, employment opportunities and employeebenefits among other things.

Some Noise Being Made About the Valley

Latest data shows that our population is expanding by 25 persons each day, with 38,000(+6.5%) added since 2000, and more than 80% of our population growth was from net in-migration.

Between 2000 and 2004, the number of households earning six-figure incomes rose55%. Incomes over $200k rose 61%, double the U.S. rate. And for the first time in history,the Valley’s household income is above the national average.

18 19

Did you know?

In 2006, we increased our loanvolume to companies relocating to the

Lehigh Valley by more than 62%.

Executive Team

Ms. Beth R. GorinPresident & CEO

Mr. Pete ReinkeVice President Regional Development

Ms. Kimberly W. ManningVice President Marketing & Public Relations

Mr. Stephen L. MelnickDirector of Project Development &Director of Keystone Innovation Zone

Mr. Robert A. WendtDirector of Research & BusinessRetention, Expansion Regional Coordinator

Ms. Martha J. Wells Director of Membership Development

Mr. Robert CurziSenior Finance Director

Ms. Margaret McConnell Communications Specialist

Mr. Jarrett A. WittRegional Development Specialist

Ms. Judy L. YanegaManager of Finance

Ms. Julie RuaneFinance & Administration Specialist

Ms. Laurie Demko Administrative Assistant

Ms. Taryn Heisler Administrative Assistant

Ms. Kelli KocherAdministrative Assistant

Ms. Erin RadecskyAdministrative Assistant

Ms. Tracy YenolevichReceptionist

*Mr. Raymond F. SuhockiPresident & CEO Retired August 2006

Ms. Erin SchneiderMarketing Intern

Mr. Zach WintersResearch Intern

Executive Officers

Ms. Jan S. ArmfieldChairwoman

Mr. Robert M. EpiscopoFirst Vice Chair & Secretary

Mr. Daniel J. ReavySecond Vice Chair

Ms. Mary Ellyn VodenThird Vice Chair

Mr. Christian JepsenTreasurer

Mr. James R. BartholomewAssistant Treasurer

Executive Committee

Ms. Jan S. ArmfieldMr. James R. BartholomewMs. Carol A. BiscontiniThe Honorable John B. CallahanThe Honorable Donald CunninghamDr. Percy DoughertyMr. Robert M. EpiscopoMr. Scott V. FainorMs. Beth R. GorinMr. Wayne A. GrubeMs. Kassie HilgertMr. Christian JepsenMr. William D. MichaleryaThe Honorable Philip B. MitmanThe Honorable Ed PawlowskiMr. Daniel J. ReavyMr. Michael StershicThe Honorable John StoffaMr. Richard E. ThulinMr. Seymour TraubMs. Mary Ellyn Voden

Board of Directors

Mr. Richard AndersonPresidentSt. Luke’s Hospital & Health Network

Ms. Jan S. ArmfieldRegional President/Northeast PAWachovia

Mr. James R. BartholomewExecutive Vice PresidentEmbassy Bank for the Lehigh Valley

Ms. Carol A. BiscontiniSenior Vice President Marketing & PRLehigh Valley Hospital & Health Network

Mr. Robert F. BowerPresidentStabler Land Company

The Honorable John B. CallahanMayorCity of Bethlehem

Mr. Luke R. CunninghamPresidentWest Side Hammer Electric

The Honorable Donald CunninghamCounty ExecutiveCounty of Lehigh

Mr. Bert P. DadaySpecial Assistant to the PresidentPPL

Dr. Percy DoughertyChairLehigh County Board of Commissioners

Mr. Eduardo EichenwaldBusiness Development ConsultantAllentown Economic Development Corp.

Mr. Robert M. EpiscopoDirector of Business DevelopmentAlvin H. Butz, Inc.

Mr. Scott V. FainorPresident & CEOKeystone Nazareth Bank & Trust (KNBT)

Ms. Cindy FeinbergDirector, Community & Economic DevelopmentCounty of Lehigh

Mr. Elmer D. GatesManaging PartnerGates Family Partnership

Ms. Beth R. GorinPresident & CEOLehigh Valley Economic DevelopmentCorp.

Mr. Wayne A. GrubeChair Northampton County Council

Mr. Tony HannaDirector of Community and EconomicDevelopmentCity of Bethlehem

Ms. Kassie HilgertManager, CommunityRelations/PhilanthropyAir Products & Chemicals, Inc.

Mr. T. Anthony IannelliPresidentGreater Lehigh Valley Chamber ofCommerce

Mr. Christian JepsenPresident & COOF.L. Smidth Inc.

Mr. Frederick KaczorVice PresidentUGI Utilities, Inc.

Mr. Robert L. KielSr. VP/Regional DirectorLiberty Property Trust

Mr. John KrajsaChairmanAFC First Financial Corporation

Ms. Cynthia A. LambertCorporate Director for Government &CommunityGood Shepherd Rehabilitation

Mr. Paul J. MarinManaging DirectorRyan Beck & Company

Mr. William D. MichaleryaAssociate VP for Governmental RelationsLehigh University

The Honorable Philip B. MitmanMayorCity of Easton

The Honorable Ed PawlowskiMayorCity of Allentown

Mr. Daniel J. ReavyDirector of External AffairsVerizon-Pennsylvania, Inc.

Mr. Thomas J. ShaughnessyJ.G. Petrucci Co. Inc.

Mr. Michael StershicPresidentLehigh Valley Convention &Visitors Bureau

The Honorable John StoffaCounty ExecutiveNorthampton County

Mr. Richard E. ThulinPresidentArcadia Properties, LLC

Mr. Martin K. TillPresident & Publisher The Express-Times

Mr. Seymour TraubSenior VP & General CounselSt. Luke’s Hospital & Health Network

Mr. Marc A. TroutmanArea ManagerMet-Ed

Mr. Juan C. VidalManager DirectorOffix Systems

Ms. Mary Ellyn VodenDirector, Global Corporate AffairsBinney & Smith, Inc.

Industrial Development Corp.of Lehigh County

Mr. Keith BachmanGallagher, Gneiding & Company, LLP

Mr. Nathan Berk

Mr. Robert BowerPresidentStabler Land Company

Mr. William BrooksSr. Vice PresidentKeystone Nazareth Bank & Trust (KNBT)

Mr. Christopher J. BrownVice President/Regional ManagerPNC Bank

The Honorable Donald CunninghamCounty ExecutiveCounty of Lehigh

Mr. Wesley DavisPresidentDavis Beverage Group, Inc.

Ms. Karen DerrKeystone Nazareth Bank & Trust (KNBT)

Mr. James GentileNorth Star Construction Management, Inc.

Mr. Michael J. GiglerVice President Commercial BankingWachovia

Ms. Bertha M. GriffithExecutive SecretaryGreater Northern Lehigh Chamberof Commerce

Ms. Amy HawleyPresidentHawley Realty Inc.

Mr. T. Anthony IannelliPresidentGreater Lehigh Valley Chamberof Commerce

Mr. Samuel J. JonesAshley Development Corporation

Mr. Louis H. KerschnerCPA, PFS, ChFC, CBABuckno Lisicky & Company

Mr. Carl Maio

Ms. Denise McCallExecutive Vice PresidentBritech, Inc.

Mr. E. Harry McGuirkPresidentNational Penn Bank

Mr. Greg MichaelPatt, White Realtors

Ms. Yvette M. PalmerCEO, CMACFO & Stuff, LLC

Mr. Chris J. PersichettiVP, Senior Loan OfficerAmerican Bank of the Lehigh Valley

Mr. Mark RizzettoPresidentRizzetto Construction Management Inc.

Mr. Philip M. SchenkelVice President of OperationsBrandywine Realty Trust

Mr. Stuart W. SchooleyPresidentDutch Springs

Ms. Janet Smith

Mr. Frank T. SmithPresidentSummit Management & Realty Company

Mr. Robert SnyderAssociate VP for Finance and TreasurerDeSales University

Mr. W. Cordes Snyder

Mr. Raymond Suhocki

Mr. Christopher TroxellController

Ms. Mary Werge Manager-PropertiesLehigh Cement Company

Lehigh County IndustrialDevelopment Authority

Mr. Mark BartholomewVice PresidentKeystone Nazareth Bank & Trust (KNBT)

Ms. Joanne KucheraPresidentPAREXEL-IMC


Mr. Ralph RichardSenior Vice President—Risk ManagementWachovia

Ms. Linda A. RosenfeldLehigh County Board of Commissioners


Mr. C. Michael WellsC.M. Wells Construction Co.

20 21

Lehigh’s Economic AdvancementProject, Inc.

Mr. Keith BachmanGallagher, Gneiding & Company, LLP

Mr. William BrooksSr. Vice PresidentKeystone Nazareth Bank & Trust (KNBT)

Mr. Christopher J. BrownVice President/Regional ManagerPNC Bank

Ms. Karen DerrKeystone Nazareth Bank & Trust (KNBT)

Mr. James GentileNorth Star Construction Management, Inc.

Mr. Michael J. GiglerVice President Commercial BankingWachovia

Mr. Samuel J. JonesAshley Development Corporation

Mr. Louis H. KerschnerCPA, PFS, ChFC, CBABuckno Lisicky & Company

Mr. Carl Maio

Ms. Denise McCallExecutive Vice PresidentBritech, Inc.


Mr. Greg MichaelPatt, White Realtors

Ms. Yvette M. PalmerCEO, CMACFO & Stuff, LLC

Mr. Chris J. PersichettiV.P., Senior Loan OfficerAmerican Bank of the Lehigh Valley

Mr. Mark J. RizzettoPresidentRizzetto Construction Management Inc.

Mr. Stuart W. SchooleyPresidentDutch Springs

Ms. Janet Smith


Mr. Robert SnyderAssociate VP for Finance and TreasurerDeSales University

Mr. Raymond Suhocki

Mr. Christopher TroxellController

Northampton CountyNew Jobs Corp. Board

Mr. Michael F. AckerPresidentEnvironmental Waste Minimization, Inc.

Mr. Stephen BajanQuality Telecommunications, Inc.

Mr. John J. BlairPresidentBlair Custom Homes, Inc.

Mr. J. Lee Boucher PresidentBardot Plastics Inc.

Mr. Paul M. DonovanCustomer Service ManagerLafayette Ambassador Bank

Reverend J. Michael DowdVP, Easton InitiativesGreater Lehigh Valley Chamber ofCommerce

Mr. Scott V. FainorPresident & CEO Keystone Nazareth Bank & Trust (KNBT)

Mr. James M. HigginsSusquehanna Patriot Bank

Mr. Robert C. Hoch

Mr. Curt V. HoyakControllerAlbarell Electric, Inc.

Mr. Mark P. JobesVice PresidentLafayette Ambassador Bank

Mr. David B. KennedyEVP, Regional President — Greater LehighValley RegionKeystone Nazareth Bank & Trust (KNBT)

Mr. John W. KingsleyAuthorities AdministratorNorthampton County — Community &Economic Development

Mr. Dale KochardExecutive Director of Community &Regional AffairsLehigh University

Ms. Alyssa Lopiano-ReilyZito, Martino & Karasek

Mr. Jeff Manzi

Mr. Richard Ott

Mr. Joseph RizzolinoPalmer Nursery, Inc.

Mr. James L. SampsonSr. VP/LendingMerchants National Bank


Mr. Craig Weintraub

Northampton County New Jobs Corp.Officers

Mr. J. Lee BoucherPresidentBardot Plastics Inc.





Mr. Jeff ManziTreasurerIDC of Northampton County


Industrial Development Commission ofNorthampton County

Mr. Michael F. AckerPresidentEnvironmental Waste Minimization, Inc.

Mr. Stephen BajanQuality Telecommunications, Inc.

Mr. John J. Blair PresidentBlair Custom Homes, Inc.

Mr. J. Lee BoucherPresidentBardot Plastics Inc.


Reverend J. Michael DowdVP, Easton InitiativesGreater Lehigh Valley Chamber ofCommerce

Mr. Scott V. FainorPresident & CEOKeystone Nazareth Bank & Trust(KNBT)

Mr. James M. HigginsSusquehanna Patriot Bank

Mr. Robert C. Hoch



Mr. David B. KennedyEVP, Regional President — GreaterLehigh Valley RegionKeystone Nazareth Bank & Trust(KNBT)


Mr. Dale KochardExecutive Director of Community &Regional AffairsLehigh University

Ms. Alyssa Lopiano-ReillyZito, Martino & Karasek

Mr. Jeff Manzi

Mr. Richard Ott


Mr. James L. SampsonSr. VP/LendingMerchants National Bank


Mr. Craig Weintraub

Northampton County IndustrialDevelopment Authority

Mr. John J. BlairPresidentBlair Custom Homes, Inc.

Mr. Ronald J. DonchezSenior Vice PresidentNational Penn Bank

Ms. Marilyn A. Lieberman

Mr. Michael G. MooreheadCustom Business Solutions

Ms. Diane NeiperCouncil MemberNorthampton County Council

22 23

2006 Membership List

Visionary Partners$50,000 and upLehigh County (County of Lehigh)Northampton County

Strategic Partners$20,000 – $49,999Air Products and Chemicals, Inc.PPL CorporationThe Morning CallWachovia

Unity Partners$10,000 – $19,999Alvin H. Butz, Inc. CrayolaInnovative Designs and PublishingJaindl Land Company / Jaindl Turkey Keystone Nazareth Bank & TrustLiberty Property TrustLutron Electronics Company, IncPenTeleDataPulte Homes LV DivisionSovereign BankStabler Land CompanyUGI Utilities, Inc.Verizon Foundation

Alliance $5,000 – $9,999Arcadia Properties, LLCAgere Systems, Inc.ArtsQuestAshley Development CorporationB. Braun of America, Inc.Capital BlueCrossComputer Network Solutions (CNS)F.L. Smidth, Inc.FirstEnergy Corp.Green Knight Economic Development

CorporationHighmark Blue ShieldJ.G. Petrucci Co., IncLafayette Ambassador BankLangan Engineering & Environmental

ServicesLehigh UniversityLehigh Valley Convention & Visitors BureauLehigh Valley Hospital & Health NetworkLehigh Valley International Airport (LVIA)Lehigh Valley Workforce Investment Board,

Inc. (WIB)Manufacturers Resource Center (MRC)PNC BankPPL Telcom, LLCThe Charles Chrin CompaniesWorth & Company, Inc.

Community Partners$1,000 – $4,999AFC Reverse MortgageAcme Cryogenics, Inc.Albarell Electric, Inc.Allied Building CorporationAllied Personnel ServicesAllentown-Bethlehem Courtyard by MarriottAllentown-Bethlehem Residence Inn

by MarriottAnthem Partners, LLCARCO Design/Build Construction Company

Ben Franklin Technology Partners of NEPABest Western L.V. Hotel & Conference CenterBrandywine Realty TrustBrode & Brooks Inc.Brown-Daub, Inc.Buckl ArchitectsCapital Realty & DevelopmentCaruso Benefits GroupCedar Crest CollegeCollegiate EmPowermentCommerce BankCompass Point, Ltd.Concannon, Miller, & Company, P.C.Coordinated Health SystemsCutler AssociatesDBSiD’Huy Engineering, Inc.Dorney Park & Wildwater KingdomDuggan & Marcon, Inc.East Penn BankEast Penn Financial Group Office of Met-LifeEastern PA Business JournalEaston Area Industrial Land Development

Company, Inc.Edward DonleyEnvironmental Waste Minimization,

Inc/Rapid Response, Inc.eScott MarketingEssroc Cement Corp.Execu-Ride.comFitzpatrick, Lentz & Bubba, P.C.Flexlink Systems, Inc.Gannett Fleming Inc.Gates Family PartnershipGlendon Properties, Inc.Good ShepherdGorski Engineering, Inc.Gross, McGinley, LeBarre & Eaton LLPHDR Engineering, Inc.Haines & Kibblehouse, Inc.Hampton Inn & SuitesHilton Garden Inn Allentown WestHospital Central ServicesIronton Telephone CompanyJust Born, Inc.Keystone Cement CompanyKeystone Consulting EngineersKleinfelder, Inc.Kutztown UniversityLafarge CorporationLamm Rubenstone Lesavoy Butz &

David LLCLandmark Communities, Inc.Lehigh Carbon Community CollegeLehigh Valley Association of RealtorsLehigh Valley Builders AssociationLehigh Valley Industrial Park, Inc. (LVIP)M & T BankMack Trucks, Inc.Maser Consulting P.A.Malady & Wooten Public Affairs, LLPMcTish Kunkel & AssociatesMericle Commercial Real Estate ServicesMeyer Jabara HotelsMoonstone Properties, LLCMorris Black & Sons, Inc.National Penn BankNational Realty & Development CorporationNEWVISION Communications, Inc.Nic Zawarski & Sons, Inc.North Star Construction Management, Inc.

Northampton Community CollegeNorwoodO’Donnell & Naccarato, Inc.Ondra Huyett Associates, IncOpus East, LLCOraSure Technologies, Inc.Panattoni Development CorporationPenn State Lehigh ValleyPipeline InteractivePeople First Federal Credit UnionRETTEW Associates, Inc.Rothrock Motor Sales Inc.Ryan Beck & CompanySacred Heart HealthCare SystemServiceMaster by Round the Clock CleaningService Tire Truck CenterSodexhoSmithBarneySperry Van Ness/Imperial RealtySpillman Farmer ArchitectsSt. Luke’s Hospital & Health NetworkStiegler, Wells, Brunswick & Roth, Inc.Summit Management & Realty CompanySusquehanna Patriot BankTallman, Hudders & Sorrentino, P.C.The Express-TimesThe New Tripoli National BankThe Summit Lehigh Valley

(A division of Bayer Properties, Inc. &Forest City Enterprises)

Traffic Planning & DesignUltra-Poly CorporationUnited Way of the Greater Lehigh ValleyUpper Macungie TownshipVan Cleef Engineering AssociatesVictaulic Company of AmericaVISTACOM, Inc.Visual Sound Company, Inc.Waste Management, Inc.West Side Hammer Electric

Associate Partners$500 – $999AAA East PennAFC First Financial CorporationA.G. EdwardsA.P. Houser, Inc.Accountemps/OfficeteamAction InternationalAdams Outdoor AdvertisingAerotekAlfred Benesch & CompanyArchitecture Furst P.C.AREVA T&D, Inc.ARRO Consulting, Inc.Associated Builders & ContractorsBanko Beverage CompanyBarry Isett & Associates, Inc.Beacon Commercial Real EstateBeard Miller Company, LLPBerger-Epstein Associates, Inc.Borough of BathBorton LawsonBoyle Construction, Inc.Broughal & Devito, LLPBrown & Brown InsuranceBrown Printing ServicesBuckno Lisicky & CompanyC.B. Richard Ellis Real Estate Services, Inc.C.F. Martin & Company, Inc.Cohen & Feeley

Coldwell Banker Commercial/Feist &Feist Realty

Colliers L & AComfort Suites BethlehemCommunication Systems Inc. (CSI)Computer Aid, Inc.Conflict Resolution ServicesCoopersburg Sports Inc.Corporate EnvironmentsCushman & Wakefield of PADP PartnersDaniels Cadillac, Inc. — BMWDave WennerDavis Beverage GroupDavis Business MachinesDeiter Brothers Heating, Cooling & SecurityDual Temp Company, Inc.Dunn Twiggar Company, LLCDutch Springs East Penn Business Machines, Inc.Eastern Secured DataEduardo EichenwaldEmbassy Bank for the Lehigh ValleyEmerald RealtyEngines Inc.Enterprise Rent-A-CarEnterprise Systems Partners, Inc.Express Personnel ServicesFamous Smoke Shop — PA Inc.FastSignsFedetz & Martin Associates, P.C.First Commonwealth Federal Credit UnionFirst Star Savings BankFishburn Realty CompanyFlamm Boroff & Bacine P.C.Follett CorporationFranklin Realty Development CorporationFraser Advanced Information SystemsG.C. ZarnasGST CorporationGelcor Realty, Inc.Goodman Vending ServicesGreater Lehigh Valley Chamber of CommerceGroup Planning Services, Inc.H.T. Lyons, Inc.Hamilton Abstract CompanyHampson, Mowrer, Kreitz Agency, Inc.Hampton Inn (Easton)Hanover Engineering Associates, Inc.Hanover Township (Lehigh County)Hanover Township (Northampton County)Harleysville National BankHarleysville Wealth ManagementHawley Realty, Inc.Herbert, Rowland, & Grubic, Inc.hireVision Group, Inc.Hobbie Professional Staff ManagementHorwith Trucks, Inc.INTEGRITY Personnel, Inc.Inova Technologies, LLCInternational Polymers CorporationKelly Car & Truck CenterKeystone Fabricating, Inc.Kistler O’Brien Fire ProtectionKlunk & Millan AdvertisingKnopf AutomotiveKospiah Excavating, IncLB&W Design Associates, Inc.Lafayette CollegeLANTALehigh Career & Technical Institute

Lehigh Cement CompanyLehigh Valley MagazineLehigh Valley Rail Management, LLCLong & Foster Real Estate, Inc.Mancor PA Inc.Markward Group, Inc.Martin Kueny Insurance SolutionsMcFall, Layman & Jordan, P.C.Merchants National Bank of BangorMichael Dunn CompanyMiller, Bahr, & Wills, P.C.Minrad, Inc.Modernfold of Reading Inc.Moravian AcademyNacci Printing, Inc.National Magnetics GroupNorthwood Surgery CenterNTH Consultants, Ltd.O’Brien’s Really Good Food CompanyO’Brien’s Moving & StorageOffix, LLCOtt Consulting, Inc.Owen M. Bastian, Inc.Pan Global Development Corp/Re/Max

UnlimitedParente Randolph, LLCPatt, White CompanyPatti’s PetalsPatton, Harris, Rust & AssociatesPenn E&RPennoni Associates, Inc.Pennsylvania Metallurgical, Inc.Principal InvestmentsPrologisProTecsPrudential Paul Ford, RealtorsQualex, Inc.Reimer Real Estate, Inc.Saraceno Design Inc.Schlouch, IncSchoor DePalmaSelect Sales, Inc.SmitHahn Company, Inc.Sobrinski PaintingSomerset Properties, Inc.Spotts, Stevens & McCoyStep by Step Learning, LLCStratis Business CentersTCPIThe Garbaldi GroupThe Guardian Life Insurance CompanyThe Information Systems ManagerThe Lehigh GroupThe Paragon Real Estate Group, Ltd.The Wescoe School of Muhlenberg CollegeTalent Magnet by RemedyTotal Imaging, Inc.Traffic Planning & Design, Inc.Trans-Bridge Lines Inc.Uniforce Staffing ServicesValley Wide SignsWares Van & Storage Company, Inc.Weichert Commercial BrokerageWerner & CompanyWilliam Elek, Ltd.Wilmington Trust of PennsylvaniaWind-Drift Real Estate AssociatesWinners Circle AwardsWoodring-Roberts CorporationWorkhorse Design

Annual Meeting Sponsors

Title SponsorCapital BlueCross

Diamond SponsorLiberty Property Trust

Platinum SponsorsAir Products and Chemicals, Inc.Fitzpatrick, Lentz & Bubba, P.C.Highmark Blue ShieldLehigh Valley Workforce Investment Board,

Inc.Lehigh Valley Convention & Visitors BureauPenTeleData

Gold SponsorsAshley Development CorporationCedar Crest CollegeJ.G. Petrucci Co., Inc.Keystone Nazareth Bank & Trust (KNBT)Lafayette Ambassador BankLangan Engineering & Environmental ServicesMartin Kueny Insurance SolutionsMaser Consulting P.A.O’Donnell & Naccarato, Inc.PNC BankStiegler, Wells, Brunswick & Roth, Inc.Summit Management & Realty Co.Tallman Hudders & Sorrentino, P.C.

24 25

Documents

2006 Annual Report - Lehigh Valley, PA - Lehigh Valley ... · redevelopment, which we are confident will help take LVEDC to the next level. The achievements that LVEDC had in 2006