The bustling Lehigh Valley will be adding another 140 high paying jobs ($80,000) to its tax base when Avantor relocates workers to the Stabler Corporate Center in Upper Saucon Township. The jobs are being moved from the Philipsburg, New Jersey area. Eighty-five percent of these workers already live in Pennsylvania; however, Avantor plans to add sixty more employees in the next three years. 325 workers will stay at the New Jersey site.
Governor Corbett released $3 million from the Redevelopment Assistance Capital Fund to Lehigh County, who will act as the “pass through”. This was Corbett’s first release of funds from this grant program since he took office, per Don Cunningham, Lehigh County Executive. The Redevelopment Assistance Capital Fund was used by Governor Rendell to stimulate economic development and create jobs.
The $6 million relocation project will boost property tax revenue for Southern Lehigh School District, Upper Saucon Township and Lehigh County as well as generate payroll and income taxes. It is expected this new facility will increase restaurant and hotel traffic in the area.
Avantor will join Olympus Corp. in the Stabler Corporate Center. Olympus moved their North American headquarters the Lehigh Valley a few years ago. Development interest in the Lehigh Valley is on the rise, according to Lehigh Valley Economic Development President Philip Mitman.
I have even more exciting Lehigh Valley economic development news to share. Another large manufacturer is considering sites in Lower and Upper Macungie Townships to build a $30 million facility that would create 165 jobs! The total investment would be $110 million. The company name is not being released but they will need one million gallons of water per day and 200,000 gallons of wastewater capacity per day. Over one-hundred more spin-off jobs could be created as a result of this facility being built.
As in the case of Avantor, the Governor’s Action Team is scrambling to line up incentives to make sure this facility gets built in Lehigh County! As the project moves closer to becoming a reality, more details will be released.