Tuesday, April 30, 2013

Business News in the Lehigh Valley, April 30, 2013

Good morning, Lehigh Valley! It appears to be slightly less cloudy than yesterday, and the weather is expected to be cloudy again, with a high of 64 degrees and only a 20% chance of rain. On this day in 1974, George Washington was inaugurated as the first president of the United States during a ceremony in New York City.

In recent business news, the city of Allentown has formed a public-private partnership to enhance the appearance of buildings and spur investment within city districts adjacent to its Neighborhood Improvement Zone. City Center Lehigh Valley is providing $200,000 in private funding for the first phase of this initiative. PPL will support the initiative through the $100,000 in funding it currently provides for the Main Street and neighborhood-improvement programs on Hamilton and Seventh streets.

Buyers are putting a dent in the housing inventory throughout the Greater Lehigh Valley area, including a huge leap in sales of 45.5 percent in Berks County. Home sales for the region increased by 32.6 percent in March compared to February. "We're seeing a shift in the overall market swinging from a buyer's market towards a seller's market," said Brad Patt, senior vice president of Prudential Patt-White and the Premier Group, Coopersburg. Read the full story on LVB.com.

On May 16, The Chamber will host a mayoral debate between Bethlehem Councilmen J. William Reynolds and Robert Donchez, both Democrats, are the city’s two mayoral candidates for 2013. The debate will take place at 4 p.m. on May 16 at Hotel Bethlehem. There’s a nominal fee for the reception that follows at 5 p.m. and the debate also will air on Business Matters 7:30 p.m. May 20 on WFMZ.

In national news, President Obama has named Charlotte Mayor Anthony Foxx as the next Transportation Secretary. Obama chose him because of the city’s investments in transportation and other projects that have boosted the local economy. While Foxx has been in office, the city has broken ground on a streetcar project for the downtown area, extended its light-rail system and expanded the Charlotte airport.

That's all for now, make sure to follow us on Facebook and Twitter for up-to-date event information and member news!

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