Lehigh Valley Economic Development Corp. named one of top 20 organizations in U.S.
The Morning Call
by Anthony Salamone on 05-07-2020
Lehigh Valley Economic Development Corp. has been recognized for the second straight year as one of the Top 20 business organizations in the United States for growing a local economy.
Site Selection, a trade magazine that covers the business, announced its rankings Monday. LVEDC said it was the only agency in the Northeast to receive the recognition.
“This award really recognizes the tremendous economic success of the Lehigh Valley and all the employers, governments and organizations that have helped to make it happen” Don Cunningham, LVEDC president and CEO, said in a news release.
The magazine also ranked Lehigh Valley the third-best region in the Northeast this year, ahead of such metro areas as Boston and Pittsburgh. Additionally, for a fourth consecutive year, Lehigh Valley ranked among the top five regions nationwide with a population size between 200,000 and 1 million.
Site Selection did not rank the top 20 economic development organizations; they were selected based on an index of corporate job creation and facility-related capital investment data. The magazine’s Valley rankings help local officials attract clients looking to move their businesses, which can filter down to more jobs and better wages.
Lehigh Valley hit $41 billion in gross domestic product, or the sum of its goods and services, in 2019, making it the 65th largest metropolitan region in the country.