| Located
in eastern Pennsylvania within the Lehigh Valley, Lehigh Valley
Industrial Park, Inc. (LVIP) is a non-profit economic development
corporation that is community-owned and governed by a volunteer
Board of Directors that is comprised of business executives, public
officials and educational leaders. Please click here
to learn more about the history of LVIP.
Today, Lehigh
Valley Industrial Parks I - VI house 370 companies and 17,000 employees
and generate over $9.6 million in annual payroll and property taxes.
LVIP expects that there will be 20,000 employees throughout the
park system upon full build-out of Parks I - VI, which is projected
for the year 2010.
LEHIGH
VALLEY INDUSTRIAL PARK - Q & A
| Q. |
How
many industrial parks have you built? |
| A. |
6 |
 |
|
| Q. |
When
were the parks built and where are they located? |
| A. |
| Park
Number |
Year |
Location |
| LVIP
I |
1960 |
City
of Bethlehem, Lehigh County |
| LVIP
II |
1964 |
Hanover
Township, Lehigh County |
| LVIP
III |
1974 |
Hanover
Township, Lehigh County |
| LVIP
IV |
1987 |
Hanover
Township, Northampton County |
| LVIP
V |
1990 |
Bethlehem
Township, Northampton County |
| LVIP
VI |
1999 |
Bethlehem
Township, Northampton County |
|
|
|
| Q. |
What
was the origin of Lehigh Valley Industrial Park, Inc. (LVIP)? |
| A. |
In 1959,
when the Lehigh Valley was beholden to three major employers
of heavy industry, LVIP was founded by the Bethlehem Area
Chamber of Commerce to increase the regional tax base, create
jobs, and diversify the local economy. The access to major
roadways and interstate systems along with close proximities
to Philadelphia, New Jersey and New York City were factors
in the success of LVIP.
|
|
|
| Q. |
What
are LVIP's future plans for new industrial parks in the region? |
| A. |
LVIP has
signed an exclusive letter-of-negotiation with Bethlehem Steel
for a 180-day due diligence on its Saucon and Iron Hill sites.
LVIP will look to construct a premier industrial park on a brownfield
site. |
|
|
| Q. |
What
types of business typically come to these industrial parks and
why? |
| A. |
Office
users and manufacturing companies are primarily the two types
of businesses that locate in LVIP's parks. LVIP expects that
there will be 20,000 employees throughout the park system upon
full build-out of Parks I-VI, which is projected for the year
2010.. |
|
|
|
