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Lehigh Valley Investment Opportunities
1. Surprise! Bethlehem, PA has become an under-rated and recently recognised
economic development opportunity.
Recently, the latest supercharged dynamo of Economic Development, Alicia Karner,
has been put in charge of Bethlehemâs Economic Development Office.
The City Council has yet to approve funding for the two additional staff members, but
donât let that discourage you. You know you have to spend money to make money
(even if they donât) and there are still âground floorâ opportunities available in Bethlehem
âbefore the economy [picks up speed.
âą Sands Casino has primed the pump.
âą The Third Street Alliance is attracting the Artsy Crowd (read culture) and
âą Downtown is the target of CRIZ, KIZ, and BEDCO.
Do not be fooled into looking elsewhere.
CRIZ: The City Revitalisation Improvement Zone (I would have thought investment
zone). Still, donât be discouraged. Investments are improvements. You make the
investment and the politicians will share credit for the improvements.
KIZ: Keystone Innovation Zone.
BEDCO: Bethlehem Economic Development Corporation.
The last one surprised me. 12 years ago I tried floating the idea of the Slate Belt
Economic Development Corporation, but the idea went over like a lead balloon. Still I
do have a nodding acquaintance with the Lehigh Valley. Please see my CV on my
LinkedIn Profile with the list of my activities: www.linkedin.com/in/slimfairview
Another asset is Tony Iannelli, the CEO of the Greater Lehigh Valley Chamber of
Commerce. Recently, Mr. Iannelli told me he just returned from a business trip to
China. Need I say more?
Next, we have State Senator Lisa Boscola. Senator Boscola got her foot in the door
because her Dad worked for Bethlehem Steel. (Read: street-cred and massive local
support). However, Senator Boscolaâs staying power comes from her ability to keep up
with the increasingly faster changing world of business, economics, and technology.
Also, the Senator outlasted the impediments in Harrisburg. Things are moving along at
a brisk pace.