2B— June 22 - July 12, 2012 — Mid Year Review — Mid Atlantic Real Estate Journal
www.marejournal.com
E CONOMIC D EVELOPMENT
By Charles Blankenship, President, LVEDC Lebanon Valley: Out-Performing State and National Economies
L
ebanon County has been receiving high performance rankings
f r o m n a - tional inde- pendent or- ganizations during the past year. C o n w a y
Lebanon Valley Business Park
Data, Inc. ranked Leb- anon Valley the #6 US small metro area for corpo- rate location projects. Charles Blankenship
best performing small metro economy in the country and #1 in the state. Moody’sAnalytics observed that “Lebanon continues to out-perform the state and national economics”.
Commerce placed Lebanon Valley at #1 among all Penn- sylvania metropolitan areas and the #30 metro in the US for economic growth. The Milken Institute lists Lebanon Valley as the #6
Lebanon Rails Business Park
The future looks good for continued high performance by the Lebanon economy. All three of the business
parks, (Lebanon Valley Busi- ness Park, Lebanon Rails Business Park and Hawk Acres Enterprise Place), owned by Lebanon Valley Economic Development Cor- poration have land sales under contract. The successful Lebanon Valley Business Park has about 60 sub-dividable acres remaining with full utility service in a nearly sold out business park. The rail served Lebanon Rails Business Park, has 125 sub-dividable acres with full utility services. The new Hawk Acres En- terprise Place has 120 devel- opable sub-dividable acres. Completion of other high impact development projects could accelerate Lebanon Valley’s economic perfor- mance. Clear Springs Industrial Park in SouthAnnville Town- ship, the I/81-I/78 Logistics Park in Union Township, North Cornwall Commons in North Cornwall Township and the Historic Preserve at Cornwall Village in Corn- wall are publicly announced projects that could total $300 million in investment and add 2,000 – 3,000 jobs. Lebanon Valley Economic Development Corporation is also working confidentially with developers and busi- nesses on additional projects that could bring another $100 million in investment and 1,000 jobs. Lebanon Valley is show- ing a strong recovery from the global recession. It is out-performing most other metro areas in the state and US, and could now be at the leading edge of an acceler- ated economic expansion. Charles Blankenship is president of Lebanon Valley Economic Develop- ment Corporation. ■
The US Department of
Discover
P ENNSYLVAN I A FOR BUSINESS EXPANSION
50 acres remaining in parcels with full utility services in a nearly sold out business park.
90 subdividable acres with full utility services and strategic location.
130 subdividalbe acres with full utility services, rail access and strategic location.
LEBANON VALLEY ECONOMIC DEVELOPMENT CORPORATION Charles Blankenship, President • (717) 247-3180 • www.lvedc.org • Brokers Protected
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