A press conference was held yesterday by City Center CEO J.B. Reilly to announce that the upscale hotel brand Renaissance Hotel will be opening up a $65 million hotel downtown to cater to business travelers and hockey fans. This high end brand's decision to open up shop in downtown Allentown reinforces the Renaissance that Mayor Pawlowski dreamed of 8 years ago. From mcall.com: "Eight years ago, when I was running for my first term as mayor, this is a vision I was trying to get everyone to buy into. Some laughed. Others called us crazy," Pawlowski told a crowd of about 50 people that included many of the region's most prominent business and political leaders. "When so many left us for dead, [Allentown residents] wouldn't give up, and today we, as a community, are on the precipice of an epic transformation." Read more here.
Speaking of Allentown's transformation, The Lehigh Valley Mayors and Municipal Officials Annual Reception is just one week away, and this year is guaranteed to be more entertaining than ever. The keynote speech will be delivered by none other than J.B. Reilly, featuring a discussion of Allentown’s downtown transformation and its importance to the entire Lehigh Valley. Join us for A Celebration of our Outstanding Lehigh Valley Communities, an evening of networking and celebration with business and community leaders. The dinner takes place on Tuesday, 10/29 from 5 - 7:30 p.m. at the ArtsQuest Center at SteelStacks.
The U.S. economy added 148,000 jobs in September and the unemployment rate slipped to 7.2 percent, the government reported (report was delayed due to the government shutdown).
Watch it anytime right here on WFMZ.com.
Upcoming Business Matters shows include:
Monday, October 28th, 2013 Should You Be Paying More for our Roads and Bridges?
Monday, November 4th, 2013 Same-Sex Marriage – Will PA see legalization?