With the selective building demolition phase completed earlier this year, the next phase of work at the former Allentown Metal Works in South Allentown will shift its focus to the first of three buildings to be rehabilitated at the site. A recently announced $500,000 grant from the Commonwealth of Pennsylvania’s Redevelopment Assistance Capital Program will be […]
Read MoreWorking capital loan helps human services entrepreneur make ends meet
A desire to help others is often rooted in a personal life experience. For Adewale Dosunmu it was caring for an aunt with a disability that made him want to start a business to help people like her. After a career working in finance for companies like Morgan Stanley, and even starting his own financial […]
Read MoreNew joint-initiative aims to teach manufacturing basics to new recruits
If you’ve ever considered a career in manufacturing but didn’t have the training to pursue it, now is your chance. A new program called The Fundamentals of Manufacturing is being launched this fall as a joint initiative of Manufacturers Resource Center, Workforce Board Lehigh Valley, and Lehigh Carbon Community College. It is funded through a […]
Read MoreRevolution Recovery recycles byproducts of Allentown’s rebirth
As the Queen City’s downtown revitalization continues, it has seen the demolition of several old buildings and the construction of many new residential and office buildings. But with progress comes waste and the need to discard the old and new construction materials, which must go somewhere. Enter Revolution Recovery. Originally started in Philadelphia in 2004, […]
Read MoreLehigh Valley Grand Prix speeding ahead into next decade
For 11 years Lehigh Valley Grand Prix LLC in South Allentown has been pumping up the adrenaline of local residents and visitors who drop in for a day or evening of indoor go-kart racing. And at 48,000 square feet, it is one of the largest indoor racing tracks in the northeast, and the only one […]
Read MoreAllentown Metal Works another step closer to redevelopment
The future of Allentown Metal Works on the city’s south side continues to come into focus as work performed at the site over the past year readies it to become a manufacturing hub as soon as next year. Since June 2017 site owner Allentown Economic Development Corporation has completed selective demotion of 58,000 square feet […]
Read MorePRESS RELEASE: AEDC Welcomes New Early-Stage Manufacturer to Incubator
TRuCapSol joins the business incubation program at Bridgeworks Enterprise Center Allentown, Pa. — May 14, 2018 — The Allentown Economic Development Corporation has approved TRuCapSol LLC to join its business incubation program at the Bridgeworks Enterprise Center. It is expected that the company will be operational by July 1. TRuCapSol (Time Release Capsule Solutions) is […]
Read MoreTransloading gives Allentown manufacturers additional shipping options
If you’re a manufacturer who thinks they can’t access freight lines for the shipping of the goods you produce, or for receiving the goods you use to make your products, then consider transloading. Transloading Overview You’ve probably already heard about intermodal transportation, so it’s important to first understand the difference between transloading and intermodal. With […]
Read MorePMBDA loan helps Allentown insurance agency grow
When Rafael De La Hoz came to America from Colombia in 2004, he never envisioned he’d live in Pennsylvania and become a successful businessman in a city called Allentown, which he had never heard of before. Yet today he is living the American dream as the head of a successful State Farm agency in the […]
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AEDC Bridgeworks Enterprise Center Recognized for Excellence by International Association
The Allentown Economic Development Corporation and its Bridgeworks Enterprise Center were recognized by the International Business Innovation Association on Friday when it received the IMPACT Award for February 2018. The monthly award distinguishes entrepreneurship centers that are creating economic impact in their communities through a robust variety of programs, spaces, and services that serve the […]
Read MoreAEDC to administer PMBDA loan program for the Lehigh Valley
By the end of this month, Allentown Economic Development Corporation will be the official administering agency for the Pennsylvania Minority Business Development Authority Revolving Loan Fund. It already administered the loans for Lehigh County and is now assuming regional duties from Lehigh Valley Economic Development Corporation. AEDC’s and LVEDC Boards of Directors voted to approve […]
Read MoreAllentown production design company to take Center Stage thanks to Enterprise Zone Loan
When you attend a concert or show, you probably don’t give much thought to the work that went into designing and setting up the stage, sound, or lighting. But it’s the team of trained professionals who set up and run it that makes for a great show experience. For more than a decade Center Stage […]
Read MoreIs your company considering a loan? Here’s how to prepare for it.
By David Dunn, Program Manager, Economic Development Programs, Allentown Economic Development Corporation As a business undergoing or considering change, whether expanding or consolidating, you need to have cash on-hand to execute your strategy. Your existing cash flow may not be enough to take your plan to where you want it to go. That is where […]
Read MorePolymer Contours set to grow business in 2018 thanks to automation
When we last interviewed Tyson Daniels, owner of Polymer Contours, Inc. in the Bridgeworks Enterprise Center in south Allentown, in March 2017 he set a bold goal: reaching $1 million in sales by the end of his fourth year in business. In December 2017 Daniels made his company automated by purchasing two robots that allow […]
Read MoreStartups at Bridgeworks Enterprise Center Continue Steady Growth in 2017
Annual incubator impact survey shows modest increases in revenues and salaries Allentown, Pa. — January 26, 2018 — The Allentown Economic Development Corporation announced the aggregated results of its annual Incubator Client Impact Survey today. In 2017, the 10 Bridgeworks client companies earned over $4.63 million in revenue, which is a 4.6 percent increase over […]
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