Are you thinking about moving to Lehigh Valley? If you’re like many, economic growth is an important factor to consider. Especially after the hardships caused by the nation’s response to COVID-19.
Don Cunningham, President and CEO of the Lehigh Valley Economic Development Corporation, participated in a video interview with Pennsylvania Rep. Mike Schlossberg to discuss economic development in the area. Some of the key points that were discussed include:
- COVID-19’s Impact on the Region’s Economy
- The Growth of the Area’s Life Sciences Sector
- Long-Term Economic Challenges for the Region
Below are the nuts and bolts of what was discussed in this interview and why this information matters if you’re considering moving to Lehigh Valley.
COVID’S Impact on Lehigh Valley’s Economy
Schlossberg praised the area’s “diverse economy” as the defining factor in Lehigh Valley’s impressive ability to sustain a strong economy despite the COVID-19 shutdowns. Not only did they remain stable, but they also experienced marked growth in certain sectors.
Unfortunately, there were some sectors that took a big hit. Most notable among these are the hospitality, restaurant, and arts sectors.
Cunningham described the drastic highs and lows as “a tale of two economies,” with the most promising growth seen in the area’s life sciences sector.
Lehigh Valley’s Growing Life Sciences Sector
Lehigh Valley’s life sciences sector contains an impressive 180 establishments, with large companies such as B. Braun, Olympus, and OraSure Technologies , making it one of the fastest growing sectors in the region. Cunningham attributes this growth to the area’s educated workforce and strong colleges and universities.
Many other elements of the Lehigh Valley economy that have seen expansion in the past continue to grow rapidly, such as manufacturing, and the industrial and commercial sectors have kept pace.
Future Economic Challenges for Lehigh Valley
The biggest challenges economically are felt among the area’s brick and mortar retail companies. Cunningham indicated a desire to attract office professionals to the region. However, uncertainty about office space availability is a cause for concern.
Is Now the Time to Hire a Lehigh Valley Moving Company?
Is it time to hire movers in the Leigh Valley, PA? Or should you seek opportunities elsewhere?
It’s a mixed bag when it comes to the economy of Lehigh Valley. For example, finding retail or office space to start your small business might be difficult. However, if you’re seeking opportunities in the life sciences sector or if you can can land a job with one of the area’s major companies, this might be just the place for you.
In general, Lehigh Valley shows strong growth possibilities, and the area is attracting many young people that want to further their career and raise a family in a beautiful and safe environment. For these reasons, you might find that Lehigh Valley movers are in higher demand.
The full interview can be found on Pennsylvania Houses YouTube channel.
For The Best Lehigh Valley Movers, Contact O’Brien’s Moving & Storage
At O’Brien’s Moving & Storage, we are proud to be a trusted Lehigh Valley moving company. We provide full-service residential moving that is fast, easy, and reliable. Benefits include professional packing, custom crating, timely delivery, storage, and more.
As your Lehigh Valley movers, we will take the time to develop a personalized moving plan that works for you—starting with a free, no-obligation estimate of moving costs. If you’re interested in learning more, reach out today and one of our friendly relocation specialists will be happy to help!
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