Wednesday, March 6, 2013

Business News in the Lehigh Valley, 3/6/13

Good morning Lehigh Valley. Today the region is expected to get it's first significant amount of snow this winter, with forecasts calling for anywhere between 2-4 inches for most of the Lehigh Valley area. How every much your area does get, please be careful driving and take your time!

The Allentown Mayor's Breakfast was held this morning at Muhlenberg College's Seegers Union. Both the Bethlehem and Allentown Breakfasts sold out, but there's still a chance to reserve your spot at both the Phillipsburg Mayor's Lunch and the Easton Mayor's Breakfast.

The Lehigh Valley has ranked as No. 9 in Site Selection Magazine's Top 10 Metro Areas with populations between 200,000 and 1 million, with a project count of 24 in 2012. Pennsylvania finished third in the nation with 430 new or expanded corporate facilities in 2012.

Sam Adams Beer and the Rising Tide Community Loan Fund of the Lehigh Valley have announced they will expand their program that helps small business owners. The program provides coaching, mentoring and educational resources to small business owners in the food & beverage, brewing, and hospitality industries.

The Dow Jones Industrial Average reached a record high on Tuesday, climbing more than 125 points to close at 14,253.77, while the S&P 500 finished at its highest level since October 2007. On the jobs side, the ADP National Employment Report showed that private-sector employment increased by 198,000 jobs in February.

In world news, Venezuelan President Huge Ch├ívez passed away yesterday, 21 months after he first revealed he had a tumor.

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