Sandwiched between two major US metropolitan areas, New York and Philadelphia, Lehigh Valley in eastern Pennsylvania is actually part of the greater New York metropolitan area. Driven by manufacturing, finance, healthcare, and professional services, the Lehigh Valley area’s current economy is uncommonly well balanced with many facets in comparison to national averages. Also, very different from its original economic base, led by manufacturing, apparel and steel production, Lehigh Valley is one of the largest and fastest-growing economies in Pennsylvania. Consisting of Allentown, Bethlehem, and Easton, Site Selection Magazine recognized Lehigh Valley as one of the top five regions for economic development for its size, as well as the best performing area in the northeastern US. This growth is influenced partly by the area’s continuing popularity as a “bedroom community” for Philadelphia, New Jersey, and New York City, as well as its favorable business climate and much lower cost of living in comparison to those surrounding metropolitan areas.
In May 2015, Fortune ranked the Lehigh Valley area as one of the top ten best places to headquarter financial operations and as an ideal place for information technology firms to build call centers and IT support operations. In 2016, Urban Land Institute awarded Lehigh Valley’s largest city, Allentown, the title of, “national success story” for the redevelopment and transformation of its downtown area. Resulting in 1 billion dollars worth of new development projects in the city between 2015 and 2018, Allentown joins a list of only six other US communities to achieve this ranking. Well-balanced and moving forward at a fast pace, eastern Pennsylvania’s Lehigh Valley benefits from its close proximity to three of the larger metropolitan areas in the US. With lower costs of living and many business opportunities, Lehigh Valley could be your destination for success.