The Lehigh Valley Economy
Transcription
The Lehigh Valley Economy
LEHIGH VALLEY LAND RECYCLING ANDREW KLEINER, DIRECTOR OF REDEVELOPMENT AND EXTERNAL AFFAIRS What is Lehigh Valley? 2 Counties: Lehigh & Northampton 725 square miles 658,000 total population 62 Municipalities 3 Cities: Third-largest metropolitan region in Pennsylvania 1. Allentown 2. Bethlehem 3. Easton Fastest developing region in the state for the last 5 years Where is Lehigh Valley? The Lehigh Valley is within 1 day’s drive to reach 1/3 of U.S. consumers and 1/2 of Canadian consumers Destination Miles Drive Time (hours) Baltimore 138 3 Boston 297 5.5 Buffalo 311 6 Cleveland 389 7 Detroit 550 9 Harrisburg 82 1.5 Montreal 415 8.5 New York City 85 1.5 Newark 79 1.3 Norfolk 307 6 Philadelphia 55 1 Quebec 252 6 Richmond 297 6 Toronto 410 8 Washington DC 187 3.5 Lehigh Valley at a Glance $34.3 billion dollar economy (MSA) 22,800 new jobs created between 2004 – 2013 (9% increase) Home to two Fortune 500 Companies 68th Largest Metro in the United States 63 – New Haven, CT 64 – Knoxville, TN 65 – Greenville, SC 66 – Ventura, CA 67 – El Paso, TX # 68 - Lehigh Valley, PA 69 – Baton Rouge, LA 70 – Mission, TX 71 – Dayton, OH 72 – Columbia, SC 73 – Greensboro, NC Source: United States Census Bureau, Population Division. March 2014 Lehigh Valley Employers 14,700 employers in the Lehigh Valley Less than 1% have more than 500 employees 15* companies have 1,000 employees or more 71% have less than 10 employees *Zulily will become #16 when operational Source: US Census County Business Patterns LVLRI HISTORY Began in 1998 Operated EPA Cleanup Grants and Hazardous Assessment Grants Received $1M in Hazardous Assessment Funding in 2010 Operates 2 Growing Greener Grants Remediated 2000 acres to date LVLRI financial assistance has leveraged 400 million dollars of project cost Bethlehem Steel Site 1,600 acres Largest privately owned brownfield site in the country Multi year and multi partner redevelopment First to use One Cleanup Plan with US EPA and PA DEP Former Bethlehem Steel Site Lehigh Valley Industrial Park Wal-Mart, PriMark Heavy Forge, Zulilly, Sands Casino SteelStax Artsquest TOTAL LOANS: $11,750,000 Coca-Cola Park Former electronic manufacturing and storage site Identified as an Act 2 Success Story by DEP at the 2015 Regional Brownfields Conference Ballpark Digest’s 2008 “Ballpark of the Year” 2011: Highest attendance in all of Minor League Baseball (628,925) From 2008-2014, the Ironpigs are Minor League Baseball’s most attended team with an average of 9,000 fans per game. The Trifecta Building Adaptive redevelopment of a 20 year vacant building in center city Allentown. New home for state of the art offices of Trifecta Technologies and Shane Patrick Construction and a burger/beer hall. LVEDC financed the Phase I and Asbestos and Lead Survey LVLRI Success Stories: Allentown Waterfront Work Completed: Phase I, Phase II, Cleanup & Redevelopment Planning Former Steel Plant on Lehigh River waterfront in Downtown Allentown, PA ACT 2 Project Site is located in the Neighborhood Improvement Zone (NIZ) Funds used: EPA Hazardous Assessment, Targeted Brownfields Assessment, Growing Greener + The first building in a 30 million development plan is scheduled to open in 2017. Easton Silk Mill Work Completed: Phase I, Phase II, Cleanup & Redevelopment Planning Former, large, Silk Mill in Easton PA ACT 2 Project Site is a Keystone Opportunity Zone Funds used: EPA Hazardous Assessment, HUD, EDA Site will be mixed use with residential, cultural, and commercial components. First condos online in 2017. The LVLRI Advisory Committee 25 member Advisory Board Representatives from local Cities, Counties, Non-Profit Organizations, Brokers, Developers, Engineers, Consultants, Regulatory Agencies and Lending Institutions. Monthly meetings to make project decisions This committee structure has enabled relationships that allow for fast, efficient, and prescient project movement and ultimate success. Allentown Metal Works The plant closed in 2011 after operating for 109 years as a heavy fabricated metals facility. Allentown Economic Development Corporation (AEDC), as a developer of last resort, entered an agreement of sale for the property in February 2013. AEDC engaged LVLRI for assistance with Phase I assessment work in March 2013. Allentown Metal Works Following Phase I results, LVLRI paid for a draft Sampling and Analysis Work Plan for Baseline Remedial Investigation in May 2013. This workplan was submitted to PA DEP and EPA in June 2013. DEP Comments received in August 2013. Allentown Metal Works An arsonist sets fire to one of the buildings on the property and an Allentown firefighter is injured in October 2013. PA DEP receives and acknowledges receipt of intent to remediate for Special Industrial Area for ACT 2. Allentown Metal Works EPA response was received in November 2013. Phase II work was completed in May 2014. Teamwork, patience, strategy. Lehigh Valley Land Recycling 70+ projects since 1998 3000 acres remediated and 1900 jobs created New Assessment Grant ($500,000) begins in October 2015 Major projects expected in this grant period include Ironworks, Steel General Office, and Martin Tower.