The Allentown Economic Development Corporation administers a variety of programs to support businesses and business development throughout the city, including:
Real Estate Redevelopment and Reuse – AEDC performs real estate research and analysis, acquires sites, lines up incentives and financing for real estate sites, markets sites and develops new construction.
Brownfield Redevelopment – AEDC, which owns several available brownfield sites in Allentown, has an established record of leveraging public funds for remediation, demolition and cleanup to prepare them for new construction and re-use.
Business Incubation – The Bridgeworks Enterprise Center is a manufacturing-focused business incubator that has helped launch more than 40 companies that that have created nearly 300 jobs in the Lehigh Valley over the past 25 years.
Business Retention & Expansion – AEDC representatives meet regularly with Allentown business owners and leaders s to help them evaluate strategic growth opportunities and to assist them in overcoming obstacles and challenges.
Economic Development Financing – For more than 30 years AEDC has been helping businesses start, grow and expand with access to small business loans through a variety of Revolving Loan Funds that can range from $10,000 to $100,000.
Founded in 1991 with two employees in the back of an old warehouse at 12th and Green streets, Trifecta Technologies moved several years ago to the former State Farm claims adjustment offices off Brookside Road and in June the company hired its 100th employee.
When the relocation to 612 W. Hamilton St. is completed in spring 2014, Trifecta will occupy 18,000 to 24,000 square feet that will appeal to the new generation of technology experts in the soon-to-be renovated historic building in downtown Allentown, taking part in the revitalization of that area sparked by the creation of the Neighborhood Improvement Zone (NIZ), according to its own website.
“We don’t want to just come downtown, we want to be part of the community. I’m already involved in the community and I have been reaching out to local institutions, such as Symphony Hall and the Art Museum, to how we can help them and work with them. We have also ‘adopted’ Jefferson Elementary school and will do what we can to help students there.”