The Allentown Economic Development Corporation announced today that David V. Dunn is joining the organization as Program Manager, Economic Development Programs.
Dunn will be taking the lead on Allentown’s Enterprise Zone program, along with several other economic development lending programs that AEDC manages on behalf of the city. Established through funding from the Pennsylvania Department of Community and Economic Development, the Enterprise Zone consists of three parts: a business outreach program, a revolving loan fund, and an incentive program that provides tax credits to private companies investing in rehabilitating, expanding or improving buildings or land within the Zone.
“We are very excited to have David Dunn join our team,” said AEDC Executive Director Scott Unger. “David’s background in banking, small business development, and as a small business owner gives him firsthand expertise that manufacturing companies can identify with. We are confident that David’s unique perspective will allow AEDC to better serve our clients in the future.”
In addition to the Enterprise Zone program and its associated loan fund, Dunn will also manage the Pennsylvania Minority Business Development Authority loan fund. These loan programs encourage business growth throughout the city by providing capital to invest in and develop properties, purchase equipment, and in some cases, provide working capital. These programs each have a job creation qualification requirement.
According to Dunn, “I am eager to leverage my experience for the benefit of the AEDC and the City of Allentown. AEDC has a huge opportunity to create impact that will continue the renaissance of our great city.”
Prior to joining AEDC, Dunn was a Program Director for the Lehigh University Small Business Development Center and before that, held a similar position with the State of Vermont. In both positions, he helped small businesses start, grow, develop technology, and secure government contracts. Dunn also has a strong background in manufacturing, first as the owner of Tree Spirit Inc. a Vermont manufacturer of housewares, paper goods, and food grade oils, and then as president of Lamson & Goodnow Manufacturing in Massachusetts, a manufacturer of cutlery, kitchen and industrial tools. Prior to his business ownership, he worked for almost 20 years as an Investment Banker with some of Wall Street’s largest firms. Dunn resides in Allentown’s West End neighborhood with his wife, Vikki Dunn.
“With David joining AEDC, we plan to expand upon our current economic development programs,” explained Unger. “Our goal is to not only be a touchpoint for Allentown manufacturers, but to serve as a meaningful conduit for programming that will drive our growth and, in turn, spur job creation.”