Skip to main content
  1. News
  2. Business & Finance
  3. Industry

One-cent regional sales tax would help attract employers to Lehigh Valley

See also

The Lehigh Valley Economic Development Corporation (LVEDC), using the data from Garner Economics LLC, a consulting firm hired to help create an economic development strategy, is suggesting a regional one-cent sales tax. The money raised from the sales tax would go directly to the LVEDC, which currently operates with a $2 million budget; funded by a local hotel tax and membership fees from corporate sponsors.

The additional penny tax could net the organization an additional $33 million per year. Even a half-cent tax would generate an extra $16 million and strictly be used for regional economic development. .

The main investment would be on items that would help attract bigger employers to the area: workforce development, fixing transportation issues, improving key component that would allow the Valley to compete with larger metro areas for business

The Garner report, titled " A Blueprint for Success: A Sustainable Economic Development Strategy for the Lehigh Valley", recommends improving the workforce development strategy. Upgrading the Lehigh Valley International Airport (LVIA); by attracting larger carriers, increasing the number of routes and trips to larger cities, while reducing the flight costs. Also a fund could be established to sweeten and help close deals with perspective employers.

In addition, the report further suggests improving high school programs for job training, giving students a chance to finish high school with a year or two of college credits, establishing a pharmacy school in the area, and subsidizing the LVIA flights to make the price of tickets cheaper.

Advertisement

Related Videos:

  • The Yantouch Ice Diamond
    <iframe width="600" height="337" src="//www.youtube.com/embed/OFNS3TKQt0M?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>
  • How to know if franchising is right for you
    <div class="video-info" data-id="518283061" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518283061&autoStart=true"></div>
  • Women Business
    <iframe width="560" height="315" src="//www.youtube.com/embed/6FifDBL6G3c?VQ=HD720&amp;allowfullscreen=true&amp;autoplay=1"></iframe>