Overview
What is Lehigh Valley Economic Investment Corp?
Lehigh Valley Economic Investment Corp is a certified economic development agency based in Bethlehem, Pennsylvania. Situated at 520 North New Street, this nonprofit organization plays a crucial role in aiding the expansion and relocation of businesses within Lehigh and Northampton Counties. By acting as an intermediary between equitable owners, financial institutions, and/or certain Pennsylvania economic development financing programs, it facilitates the financing of these business growth initiatives. The organization's mission is to contribute to the local economy by supporting businesses in their expansion or relocation, thereby fostering growth and development within the Lehigh Valley region.
Is Lehigh Valley Economic Investment Corp legitimate?
Lehigh Valley Economic Investment Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lehigh Valley Economic Investment Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Lehigh Valley Economic Investment Corp?
The Lehigh Valley Economic Investment Corp serves as an economic development agency, certified by the Pennsylvania Department of Community and Economic Development. Its primary mission is to facilitate the expansion and relocation of businesses within Lehigh and Northampton Counties. They accomplish this by acting as an intermediary between equitable business owners and financial institutions, as well as certain Pennsylvania economic development financing programs and related entities. This includes, but is not limited to, the Pennsylvania Industrial Development Authority and the Small Business First Fund. The goal is to support the growth of businesses in these counties, thereby promoting economic development in the region.
Who is the CEO of Lehigh Valley Economic Investment Corp?
Christopher J Brown is the President of Lehigh Valley Economic Investment Corp.
What is the revenue of Lehigh Valley Economic Investment Corp?
Lehigh Valley Economic Investment Corp's revenue in 2022 was $118,671.
Who are the executives of Lehigh Valley Economic Investment Corp and what are their salaries?
There 14 volunteers at Lehigh Valley Economic Investment Corp.
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Where can I find the form 990 for Lehigh Valley Economic Investment Corp?
Lehigh Valley Economic Investment Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lehigh Valley Economic Investment Corp
Lehigh Valley Economic Investment Corp, a certified economic development agency by the Pennsylvania Department of Community and Economic Development, has a mission to facilitate the expansion and relocation of businesses within Lehigh and Northampton Counties. The corporation serves as an intermediary, bridging the gap between equitable business owners, financial institutions, and the Commonwealth of Pennsylvania, or certain Pennsylvania economic development financing programs and related entities, such as the Pennsylvania Industrial Development Authority and the Small Business First Fund. By doing so, Lehigh Valley Economic Investment Corp aims to foster economic growth and development within the specified counties, ultimately contributing to the overall prosperity and vitality of the region.
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Impact
October, 2024
Lehigh Valley Economic Investment Corp plays a pivotal role in fostering economic growth and development in Lehigh and Northampton counties in Pennsylvania. By acting as an intermediary, this agency facilitates the financing of business expansion and relocation, streamlining the process for companies seeking to invest and thrive in the region.
Its operations connect amicable business owners with financial institutions, enabling access to essential capital and resources. The organization collaborates closely with various Pennsylvania economic development financing programs, such as the Pennsylvania Industrial Development Authority and the Small Business First Fund, to ensure that businesses have the support they need to flourish.
The impact of the Lehigh Valley Economic Investment Corp is reflected in improved economic conditions within the community, promoting job creation, enhancing local infrastructure, and fostering a vibrant business ecosystem. By empowering businesses to expand and relocate, the agency contributes significantly to the overall economic vitality and improvement of the Lehigh Valley area.
This information is meant to be a general summary of Lehigh Valley Economic Investment Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,567
- Program Service Revenue: $78,104
- Gross Receipts: $118,671
Assets and Liabilities:
- Total Assets: $1,570,480
- Total Liabilities: $618,445
- Net Assets: $952,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PIDA INCENTIVE PAYMENT
Revenue
$40,759
SERVICE/APPLICATION FE
Revenue
$25,351
LOAN MAINTENANCE FEES
Revenue
$11,994
Organization Details
Founding Year
1961
Phone
(610) 266-6775Principal Officer
Christopher J Brown
Main Address
520 NORTH NEW STREET, BETHLEHEM, PA, 18018
NTEE Category
Code: S30 - Community improvement
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