Site Selection magazine released its ranking for metropolitan areas, of similar size, in the area of economic development. The Lehigh Valley is pitted against other metro regions with populations of 200,000 to one million. The economic development category is based on attracting new businesses to the area or helping existing ones expand.
The Lehigh Valley ranked second among metros of similar size, surpassed only by the Omaha, NE - Council Bluffs, IA region, and was tied with Baton Rouge, LA. With last year's ninth place ranking, this represents the six year that the Valley has placed in the top ten.
With 46 expansion or relocation projects, having a value of $1 million or more in economic impact, the Lehigh Valley was only behind the the number one region's 48 projects. In fact, the Valley's project total for 2013 would make it number four in the Northeast, among regions of any size; allowing them to compete economically along the corridor against the larger cities.
According to the Lehigh Valley Economic Development Corporation, Site Selection's ranking, reflects that the effort to grow and expand business in the area is a smashing success.
Some of the projects that lead to the Lehigh Valley's successful ranking: the opening of the Kraft Foods warehouse in Northampton county, the construction of a new Bimbo Bakery building, and Yourway Transport relocating to Upper Macungie township in Lehigh County.