LVEDC - Northampton County Presentation

8/17/2019 LVEDC - Northampton County Presentation

1/16

LVEDC andNorthampton County

DON CUNNINGHAMPRESIDENT & CEO


2/16

LVEDC Mission

The mission of the Lehigh Valley

Economic Development Corporationis to market the economic assetsof the Lehigh Valley and to serve as

a regional shared services andresource center to help businesses tocome, grow, and start here.


3/16

Lehigh Valley at a Glance

$35.4 Billion GDP

Larger than the entire state of Vermontand 94 other countries in the world

Site Selectionmagazine

–

March 2015The Lehigh Valley was ranked the top-

performing region for economicdevelopment in the Northeastern United

States


4/16

Lehigh Valley at a Glance

9 of 19 projects in 2015 were international

I2R Nanowave (Canada)

Lower Macungie, Manufacturing

Malmedie (Germany)

Upper Macungie, Manufacturing

Nihon Koden (Japan) South Whitehall, Bio-Tech

SunOpta (Canada)

Upper Macungie, Food & Beverage

Inditex (Spain)

Forks, Clothing Distribution

MBD – Safran (France)

Lower Nazareth, Aerospace

Primark Stores (Ireland)

Bethlehem, Clothing Distribution

Ricoh (Japan)

Hanover (NC), Electronics

Norac (France)

Forks, Food & Beverage


5/16

Economic Snapshot

Economic base is diversified

$5.24$5.01 $4.95 $4.84

$2.22

$1.61 $1.53 $1.36

$0

$1

$2

$3

$4

$5

$6

FINANCE & REALESTATE

BUSINESS SERVICES MANUFACTURING EDUCATION &HEALTH CARE

RETAIL TRADE TRANSPORTATION& WAREHOUSING

INFORMATION ARTS &ENTERTAINMENT

B i l l i o n s

Lehigh Valley GDP by sector


6/16

LVEDC Business Recruitment &

Marketing Outreach: 2015-2016

Site Selectors Guild Conference, Spring/Fall

Area Development Foreign DirectInvestment Forum

Industrial Asset Management CouncilSpring Professional Forum

I-95 Corridor Coalition Freight Academy

European Foreign Direct Investment Visits

Area Development Consultants Forum

Bio International Convention

CoreNet Global Summit

NAIOP Commercial Real EstateConference

National Brownfields Conference

Site Selectors Guild Spring

IEDC Executive Leadership Roundtable

IAMC Spring & Fall Professional Forum

World Forum for Foreign Direct Investment

NAIOP Industrial Conference

IEDC Annual Conference

CoreNet Global Summit

SelectUSA Investment Summit

Regional Brownfields Conference

SIOR 2016 Fall Conference


7/16

Major Deliveries & Deals

- Industrial

1185 Feather Way

179,000 SF

10 Emery St

880,000 SF

Primark 2485 Commerce Center Blvd

677,000 SF


8/16

Major Deliveries & Deals

- Industrial

SAFRAN MBD50 New Jobs

50,000 SFREEB Millwork267 Jobs Retained

175,000 SFTYBER MEDICAL25 New Jobs

40,000 SF


9/16

Major Business Expansion

MANUFACTURINGFLEXICON

91,000 SF

C&S Wholesale Grocers500 New Jobs

579,000 SF


10/16

Redevelopment in

Northampton CountySimon Silk Mill, EastonLVLRI Funds: $175,000Delivery: 2016 (Phase I)

Easton Public MarketLVLRI Funds: $3,000Delivery: 2016

GKEDC Industrial Park II, WindGap

LVLRI Funds: $148,000Delivery: 2017

LVLRI dedicated$150,000 of assessmentdollars in NC in 2015.


11/16

2016 Pipeline

INDUSTRIALFedEx Ground Hub –

Largest in system

1 million+ SF

FOOD/BEVERAGENORAC

79,160 SF62 jobs


12/16

Source: ChrinCommerceCentre.com

2016 Pipeline

Chrin Commerce Center 800 acres along Rt. 33 in Northampton County

Duke Realty

1.1 million SF – delivered Q1 2016

1 million SF

630,000 SF

DCT Industrial

425,000 SF – leased to FedEx and Inditex

Remainder to be manufacturing, office, retail,hotel, and medical


13/16

2016 Pipeline

Bethlehem Commerce Center LVIP VII

1000 Acres on former Steel lands

Majestic Bethlehem Center

Five additional buildings are planned

Building #3 2,000,000 SF, Building #3 is fully entitled, shovel ready

and available for lease.

Intermodal

First retail project recently announced


14/16

Northampton County

Sub-regional marketing campaign

One-minute video

highlighting assets ofeach area

Brochures with overviewinfo about each area

High-quality photos touse on websites and inmarketing brochures


15/16

Northampton County

Sub-regional marketing campaign

Website with video, photos,

assets, demographics, andcurrent opportunities

SelectNorthamptonCounty.

com

https://www.youtube.com/u

ser/LVEDC


16/16

LVEDC and NorthamptonCounty

DON CUNNINGHAM

PRESIDENT & CEO

LVEDC - Northampton County Presentation

Documents

Transcript of LVEDC - Northampton County Presentation