Friday, November 30, 2012

Today's Business News in the Lehigh Valley - 11/30/12

Good morning and happy Friday, Lehigh Valley! Today is already the last day of November.

The city of Springfield, Massachusetts was once a bustling industrial town, akin to what we once had here in Lehigh Valley. They have another thing in common too: The city is looking at the model of Bethlehem in Allentown as it 'reinvents' itself in the post-industrial age, specifically the building of a casino. Mayor Callahan stressed the importance of the many factors that contributed to Bethlehem's redevelopment, including the ArtsQuest Center at SteelStacks and the new Sands Bethlehem Event Center.

Ice River Springs Bottling Co., a Canadian based producer of bottled water in recycled bottles, has recently opened up a plant in Hanover Township. The family owned company will bring about 49 jobs to the Lehigh Valley region over the next three years.

The Allentown Arena project at 7th & Hamilton has resulted in real estate prices rising in the city, with higher demand due to the tax benefits offered to businesses by the Neighborhood Improvement Zone (NIZ). Many of these businesses moving in believe this arena will help put Allentown back on the map. Yesterday was the official ground-breaking for the arena, which will host The Lehigh Valley Phantoms (Philadelphia Flyers' minor league team) beginning in the 2014-2015 season.

If you haven't been to the Christmas City Village yet, this weekend is a great chance to get started on any holiday shopping you have to do. Tomorrow is the first day of December, after all!

Have a great weekend Lehigh Valley!




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