Allentown Enterprise Zone
The Enterprise Zone program was created by the Commonwealth of Pennsylvania to promote job growth and to help municipalities take advantage of business expansion opportunities by expanding the ability of municipalities and local businesses to form public/private partnerships to increase investment within the Zone. Companies within the Allentown Enterprise Zone, which currently encompasses about 1,200 business – including 300 manufacturers – have access to training for employees, site location and selection assistance, technical expertise, college interns and workforce development programs through ties with organizations such as CareerLink and the Lehigh Valley Workforce Investment Board.
AEDC facilitates the Allentown Enterprise Zone Revolving Loan Fund, which provides loans to small businesses located within the Allentown Enterprise Zone. This financing is available for the purchase of machinery and equipment, real estate purchases and improvements (including leasehold improvements), or working capital in some cases. Businesses may borrow up to 75 percent of total project costs up to $100,000 at competitive interest rates and terms as long as 10 years (depending on the amount borrowed).
Enterprise Zone businesses are also eligible for state tax credits to 25 percent of the amount invested, up to a total of $500,000 credits per project. Credits received and not used may be carried forward for up to five years, and may be sold or transferred. Business in the Zone can apply for tax credits until July 1, 2018.
Bradley Pulverizer Company, a manufacturing company that is one of the oldest businesses in Allentown and the Lehigh Valley, has maintained its manufacturing facilities in the city while evolving into a worldwide supplier and service provider with customers in more than 50 different countries and a sales and engineering office in England.
Located on S. Third Street, Bradley manufactures equipment for a variety of industries, including cement, steel, fertilizer (phosphate), petroleum, (barite and bentonite), mineral fillers, utility (coal and limestone grinding for SO2 removal), pulp and paper, chemical, building materials, etc. Its mills are also particularly well suited for many mini-plant operations requiring finely ground products such as cement, phosphate fertilizer and steel.
The company was recognized by AEDC with its “Business Of the Month” Award in in 2011. Bradley Vice President David Fronheiser chalks up the company’s long history and global success to the community and the employees.
“It is a great honor for all here at Bradley Pulverizer and also a tribute to the many who worked here over the past 125 years, who made the right decisions at the right time to do right by our customers and our vendors.”
Fronheiser said the company proudly promotes its support for American manufacturing. Approximately 98 percent of all the components that go into its mills are produced in the United States, he said.
“Manufacturers such as Bradley Pulverizer have long been the foundation of our local economy and I am proud to recognize their historic commitment to the city,” said Mayor Ed Pawlowski. “Bradley symbolizes the continued strength of manufacturing in Allentown and the Lehigh Valley.”
“Bradley Pulverizer is an excellent example of the strength of the manufacturing economy in Allentown and the Lehigh Valley.”