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Excellence, consistency and results are key to economic prosperity. It requires constantly active and engaged investors, volunteers and partners — Lehigh Valley Economic Development Corporation’s most prized resources — to steadily advance economic growth. We are grateful for the signifi cant part our investors play in bringing prosperity to the region. Much of the success of LVEDC for the last 15 years of service to the Lehigh Valley can be att ributed to the expert guidance of our Board of Directors, Offi cers, Executive Committ ee and volunteers. They have taken ownership in our mission to build a robust, vibrant regional economy. Likewise, our highly capable professional staff has worked tirelessly to advance our mission and reach our goal of becoming the premier economic development organization in Pennsylvania. One way to achieve that goal is to continue our commitment to our Five-Year Strategic Plan. It’s still at the heart of everything we do. The plan is more than a road map. It’s a concrete set of goals on which our performance as an organization can be judged. In September 2010, LVEDC received the highest praise for our results as a premier business resource when we were honored with the International Economic Development Council’s (IEDC) designation as an Accredited Economic Development Organization. This highly coveted honor has been awarded to only 28 economic organizations in America. LVEDC was cited for “…professionalism, accountability and commitment,” according to the IEDC. The organization is the world’s largest membership group serving economic and community development professionals. While recognition from a prestigious global economic development body is noteworthy, LVEDC is most proud of our work on regional issues. In 2010, LVEDC cultivated new business and helped existing companies grow. We helped att ract and expand 10 companies to our region. Our Financing division helped put more than $36 million into 28 companies for their growth plans. The Foreign Trade Zone boosted economic development and promoted exports by bringing in and retaining business that may have gone elsewhere. And our partnerships with community organizations developed forward-thinking solutions to give small business owners a greater chance of success. With your help and support, LVEDC accomplished much in 2010. Thanks to you, the work of Lehigh Valley leaders, our partners and a measured hand of excellence and continuity, LVEDC’s eff orts will pay dividends and keep our economic outlook bright for a prosperous future.

Sincerely,

James R. Bartholomew Philip B. Mitman Chairman of the Board President and CEO

Lett er from the Chairman and CEOLehigh Valley Economic Development Corporation

Thank you for helping us advance prosperity.

2

Investor Relations4%

Finance9%

Interest1%

Sponsorships3%

With the help of many, highlights include: • LVEDC was honored with the International Economic Development Council’s (IEDC)

designation as an Accredited Economic Development Organization, one of only 28 in America.

• The Lehigh Valley Land Recycling Initiative received a game-changing $1 million grant to assess, clean and redevelop more brownfields in Lehigh and Northampton counties.

• The Southside Bethlehem Keystone Innovation Zone was awarded a $100,000 competitive grant from the Ben Franklin Technology Development Authority to enable the SBKIZ to continue helping young companies grow.

• In June, LVEDC and the Community Action Committee of the Lehigh Valley created the

Peer Review Program. Working with our 13 lending institutions, this progressive initiative is designed to make capital more accessible to qualified small businesses.

• A study examining the feasibility of connecting passenger rail service with New Jersey’s Raritan Valley line was completed in April. Funded by LVEDC and Lehigh and Northampton counties, this study met its goal of assessing the transportation and rail issues facing Lehigh Valley in the coming decades.

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2010 UNAUDITED REVENUE

Participation Fees7%

Government Grants

19%

Private SectorContributions

15%

Public SectorContributions

6%

Discover Lehigh Valley (hotel tax)

34%

Administrative Fees15%

2010 UNAUDITED ExpENsEs

Administrative29%

Marketing15%

PA BREP2%

LVLRI19%

Development15%

KIZ7%

3

Our challenge in this fast-paced business environment is leveraging our region’s considerable assets and tying them into our main economic drivers to sustain, expand and help create jobs: cluster development and innovation, workforce and family economic security, regional infrastructure, revitalizing our urban cores and sustainable development.

LVEDC’s action agenda for regional development is guided by four key principles: build on existing partnerships, focus on the fundamentals, plan ahead and emphasize reforms and results.

Regional development is primarily about att racting new companies to the region, retaining businesses and helping them grow. Initiatives to build regional economic development oft en take years to come to fruition. The work we are doing today helps ensure prosperity in the future.

Regional development highlights include:

• LVEDC’s business att raction, retention and expansion team landed 10 projects. We helped create or retain 1,191 jobs in the face of challenging economic conditions.

• Our collaboration with the Governor’s Action Team, and our counties, cities, boroughs and other local partners brought Lehigh Valley job growth. In Bangor, Northampton County, LVEDC worked with Performance Coatings International to showcase the benefi ts and assets of doing business in the Lehigh Valley. We connected the company with Career Link for employment assistance as it relocated its operation from New Jersey. LVEDC also helped Rapid Refi le in Upper Macungie, Lehigh County, with its search for a new location for its document recovery and restoration facility. View other relocation and expansion projects in the table on the next page.

• Vice President of Regional Development Pete Reinke scanned the globe for companies that may want to call Lehigh Valley home. In May, he traveled to Israel and Germany to speak to legislative and business leaders about doing business in Lehigh Valley.

At the center of our mission: creating a

robust regional economy.

4

Projects completed in Lehigh Valley during 2010

ALLENTECH, Inc.

Amazon

Carpenter Co

Custom Non Woven, Inc.

FedEx SmartPost

Global Harvest

Performance Coatings International

Rapid Refi le

Walgreens

Windkits

Upper Macungie Township

Upper Macungie Township

Upper Macungie Township

Allentown

Upper Macungie Township

Upper Macungie Township

Borough of Bangor

Upper Macungie Township

Lower Nazareth Township

Upper Macungie Township

Lehigh

Lehigh

Lehigh

Lehigh

Lehigh

Lehigh

Northampton

Lehigh

Northampton

Lehigh

Roof/Accessories for Petrochemical Industry

Online Retailer

Comfort Cushioning products

Furniture Manufacturer

Logistics Services

Bird Seed Manufacturer

Coatings

Document Recovery & Restoration

Retail Pharmacy

Components in Wind Turbines and Windmills

Relocation/Expansion

Expansion

Expansion

New

New

New

New

Relocation

Relocation/Expansion

New

Company Municipality County Facility Use Project Type

5

Office of Minority and Women-Owned Business (OMWOB) Two years after its creation, the Office of Minority and Women-Owned Business (OMWOB) continues to grow and help an increasing number of people. Under the watchful eye of Director Eduardo Eichenwald, the OMWOB is advancing minority and women-owned businesses by assisting them with acquiring capital, certification and site selection as well as marketing and business counseling. Throughout 2010, OMWOB worked with LVEDC and other partners to create family-sustaining jobs and strengthen the economic base of Lehigh and Northampton counties.

In 2010, OMWOB increased revenue for Lehigh Valley businesses by $8,250,000 and assisted in creating or retaining 59 positions. OMWOB assisted a total of 149 businesses and entrepreneurs and helped 8 new businesses open their doors. The number of businesses and entrepreneurs assisted in the inner cities totaled 41.

Foreign Trade Zone In today’s ever competitive global marketplace, Lehigh Valley’s Foreign Trade Zone (FTZ) # 272 allows Lehigh Valley companies to gain tax and trade benefits to those who want to strengthen their bottom line and position themselves to compete better in the world market place. • Application approved on May 14, 2010, to expand Lehigh Valley FTZ with 440 acres of former

Bethlehem Steel property, known as the Majestic Bethlehem Center, with FTZ General Purpose Zone. On Sept. 18, 2009, LVEDC sponsored an application that was approved May 13, 2010. The Industrial Park is expected to employ more than 4,000 people who will earn $165 million in wages and benefits.

• Application submitted to FTZ board requesting a Subzone with Manufacturing Authority for Grundfos Pump Corporation. Application was formally filed by FTZ board on March 24, 2010, with approvals excepted by first quarter 2011. FTZ designation will allow additional manufacturing operations to be conducted in the Lehigh Valley and better position Grundfos to compete against products made from foreign competitors.

Southside Bethlehem Keystone Innovation Zone The Southside Bethlehem Keystone Innovation Zone (SBKIZ) has been consistently recognized as one of the best performing programs of its kind in Pennsylvania. The SBKIZ has played a crucial role in attracting and developing entrepreneurs to the region — one of LVEDC’s five main priorities.

The SBKIZ creates a zone in south Bethlehem to foster innovation and attract and assist entrepreneurial companies. It brings together the combined resources of Lehigh University and Northampton Community College, utilities, health care organizations and business support organizations. SBKIZ is supported by 15 partners and provides resources to businesses in the life sciences, optoelectronics, information technology, nanotechnology and alternative energy sectors.

Since 2004, the SBKIZ has assisted 39 companies that have created more than 158 jobs. The SBKIZ has awarded $625,000 in technology grants to 24 start-up and early-stage companies in the form of $15,000 technology transfer grants that are designed to move a project toward commercialization. Additionally, the SBKIZ has provided 80 paid internship opportunities.

traditional economic development.Beyond

6

Responsible stewardship of land transcends economics and enhances a community’s quality of life. LVEDC has been a leader on the issue of responsible land use in the Lehigh Valley through the Lehigh Valley Land Recycling Initiative (LVLRI), a program funded primarily through Lehigh and Northampton counties.

LVLRI had a banner year in 2010. In April, LVLRI was awarded a $1 million grant from the United states Environmental protection Agency (EpA) to assess, clean up and redevelop brownfields. Only five other communities throughout the United states received EpA coalition grants this large.

Brownfields are abandoned industrial properties with real or perceived environmental problems. The grant will initially pay for assessment work to investigate the history and previous uses of various properties throughout Lehigh Valley. A further, phase II investigation would involve soil and water testing. The grant may also be used to plan cleanups after the assessment work is completed.

LVLRI worked with officials from Lehigh and Northampton counties and other organizations to identify potential projects. LVLRI was involved in the assessment and/or cleanup of 18 sites in 2010, totaling more than $160,000 of grant funds. In addition, LVLRI received two large grants this year: the EpA Coalition Grant for $1 million and $600,000 in cleanup funds through the pennsylvania Growing Greener II program to be used at the slate Hills site, plainfield and Washington townships.

Key project highlights include:

Bushkill Trail Properties, City of Easton, Northampton County A key part of Easton’s municipal plan is the completion of the Bushkill Creek Trail that will link the 13th Street Silk Mill to the downtown and the riverfront. LVLRI provided environmental assessments for six parcels that are a part of this trail, using just over $12,000 of EPA grant funds. Easton moved forward with purchasing the parcels and began construction of the trail.

F. L. Smidth, Borough of Catasauqua, Lehigh County LVLRI has been working with the Borough of Catasauqua on the former F. L. Smidth (Fuller) property along Front Street. This key property is being considered by the borough for the future location of municipal facilities and other redevelopment. LVLRI will assist the borough by using EPA grant funds to complete environmental site assessments. This characterization will enable to borough to make an informed decision regarding the purchase of the site.

Martin Tower Campus, City of Bethlehem, Lehigh County LVLRI and Lehigh County worked closely with a for-profit borrower to make a loan for cleanup at two buildings on the Martin Tower campus. This loan was made possible by an EPA ARRA brownfield grant that Lehigh County received in 2009. The loan, almost $900,000, will be used for remediation of lead paint and asbestos at the CH&R and Printery buildings. The cleanup plan was made available for public review in December of 2010 in preparation of starting cleanup in early 2011.

Our Lady of Pompeii Church, City of Bethlehem, Northampton County Our Lady of Pompeii Church in south Bethlehem needed an environmental assessment report to facilitate sale of the property. LVLRI provided the phase I environmental site assessment, which revealed that the parking lot of the church was built on an old gas station. After further investigation, three underground storage tanks were discovered. LVLRI’s consultant was able to fully characterize the tanks and complete the required PADEP tank closure reports. This work totaled almost $50,000 and will enable to the property to be redeveloped.

Land Recycling

Lehigh Valley

Initiative

7

Slate Hills Quarry, Plainfi eld and Washington Townships, Northampton County In 2009, the Slate Hills Quarry cleanup was awarded $1,000,000 through the Pennsylvania Department of Environmental Protection (PADEP) Growing Greener II program. In 2010, the project received an additional $600,000 through the eff orts of LVLRI. Through a strong working relationship with PADEP, LVLRI was able to quickly respond to the Request for Proposals and secure this additional funding. LVLRI received 12 bids on this slate cleanup work over the summer, and cleanup of the waste slate started in late 2010 with the installation of erosion and sedimentation controls.

State Dairy Farm, East Allen Township, Northampton County The East Allen State Dairy Farm is a 12-acre site, of which approximately three acres are currently being used by the First Regional Composting Authority (FRCA). LVLRI and Northampton County have proposed to use the county’s revolving loan fund to pay for demolition of the old dairy buildings. By clearing these buildings, FRCA will have the space needed to expand its operation, which will allow service to additional municipalities. LVLRI’s completed a cleanup plan and bid documents using EPA assessment funds. Cleanup is set to start in early 2011.

State Hospital, City of Allentown, Lehigh County Through an application prepared by LVLRI, the Allentown Economic Development Corporation received technical support from the EPA’s Targeted Brownfi elds Assessment (TBA) program. The TBA provided an additional $50,000 of environmental investigation to complete the phase II ESA at the 30-acre site. LVLRI moved forward with a cleanup plan based on this assessment. Cleanup will begin in mid-2011.

Steel Stacks, City of Bethlehem, Northampton County In the early part of 2010, LVLRI facilitated a subgrant agreement between Northampton County and ArtsQuest for $290,000 to be used for the remediation and demolition of the former Bethlehem Steel buildings, No. 8 hammer shop and electric furnace building. This funding came to Northampton County through a 2009 EPA brownfi elds grant made possible by the American Recovery and Reinvestment Act (ARRA). Because of true regional cooperation between Northampton County, the City of Bethlehem, Representative Dent’s Congressional offi ce, state offi ces, ArtsQuest and LVLRI, this project was one of the EPA’s fi rst ARRA-funded projects to be completed.

Pennsylvania Brownfi elds Conference LVLRI helped PADEP facilitate the Pennsylvania Brownfi elds Conference held at the Holiday Inn, Center City, Allentown, in September 2010. This is the fi rst time in the six-year history of the event that it was not held in Harrisburg. The highlight of the event included a tour of the former Bethlehem Steel site, in which LVLRI worked with the City of Bethlehem, LVIP, Sands, ArtsQuest, Majestic Development Corp. and HDR Engineering to create a valuable fi rsthand experience for the 200 conference att endees of how brownfi eld redevelopment can be successful.

special thanks:

LVLRI is made possible through continued funding from Northampton County, Lehigh County and the United states Environmental protection Agency. The support from Lehigh Valley’s three cities, the LVLRI Advisory Committ ee, Chairperson William Ahlert and Vice Chairperson scott Unger ensure that LVLRI’s dedication to responsible land stewardship and preserving the environment will continue to strengthen in 2011.

8

Start with someone who has a dream for a business. Add ambition and a concrete, well-developed plan. The missing piece for everything to come together is oft en fi nancing.

That’s where LVEDC comes in. With our banking and fi nancial partners, we’ve helped individuals and companies across Lehigh and Northampton counties fi nd the fi nancing needed to get started or expand. During 2010, LVEDC helped secure more than $36 million for 28 companies. These projects will help create an estimated 600 new jobs and retain another 1,800 jobs in Lehigh Valley. Given the diffi culty in fi nding and securing capital, these loans play a large part in helping LVEDC fulfi ll its mission of creating a vibrant regional economy.

LVEDC works with a variety of organizations to administer numerous loan programs and incentives. These programs are available to a broad range of companies and off er lower-cost alternatives and complementary fi nancing to traditional funding resources. Some 2010 highlights include:

• The U.S. Small Business Administration 504 Certifi ed Development Company program provided more than $7 million in loans or committ ments to 9 companies in Lehigh Valley, including Scot Lubricants of PA, Inc. in Northampton, Northampton County, and TC Salon & Spa in Allentown, Lehigh County. S.B.A. 504 loans provide businesses with long-term, fi xed-rate subordinate fi nancing for the acquisition or renovation of land, buildings or equipment.

• The Pennsylvania Industrial Development Authority (PIDA) loan program off ered 8 Lehigh Valley businesses more than $9 million in 2010. These loans provide fi nancing to manufacturers, industrial developers and R&D fi rms to acquire, create or renovate related real estate.

• A collaboration between LVEDC and Community Action Committ ee of Lehigh Valley (CACLV) created a progressive program to make it easier for qualifi ed small businesses to secure credit. The Peer Review Program brought together 13 lending institutions, the Rising Tide Community Loan fund and the Small Business Development Center at Lehigh University to give small businesses a bett er chance of succeeding.

• In May, more than 50 business leaders att ended the LVEDC Business Financing Conference held at the Best Western Lehigh Valley Hotel and Conference Center in Hanover Township. The impressive lineup of federal, state and local presenters was a testament to LVEDC’s regional presence and the close cooperation of Lehigh and Northampton counties, and the three cities of Allentown, Bethlehem and Easton.

securing capital to fund Fi

nanc

ing

dreams and ambitions.

9

LVEDC 2010 Financing Projects Summary

ALEDCO, Inc.

ALLENTECH, Inc.*

Allied Building Corporation/Assergi, LLC

Applied Separations

B. Braun of America, Inc.

Ben Franklin Technology Partners of NE PA

Bethlehem Technik, LLC

Community Services for Children, Inc.

Custom Non Woven, Inc.

Cyber Holdings, LLC/Cobalt Computers

DaVinci Science Center

Davis Bottling Co., Inc.

DLH, Inc.

Ecopax, LLC

Fitzpatrick Container Corp.

Fitzpatrick Container Corp.

Forks Mediterranean Deli

Gillespie Printing

INetU, Inc.

Infradapt, LLC

Jewish Community Center

Kitchen Magic, Inc.

Lehigh Valley Veterinary Dermatology

Loikits Industrial Services, Inc.

Luxury Lane

Pendurthi Surgical Assoc., LLC

Richard Kroll Total Image

Scot Lubricants of PA, Inc.

Scot Lubricants of PA, Inc.

Scot Lubricants of PA, Inc.

TC Salon & Spa

Hanover Township

Upper Macungie Township

Bethlehem

Allentown

Hanover Township

Bethlehem

Northampton

Allentown

Allentown

Allentown

Allentown

Bethlehem

Bethlehem

Forks Township

Upper Macungie Township

Upper Macungie Township

Forks Township

Borough of Catasauqua

Hanover Township

Upper Macungie Township

Allentown

Lower Nazareth Township

South Whitehall Township

Borough of Coplay

Easton

Hanover Township

Hanover Township

Borough of Northampton

Borough of Northampton

Borough of Northampton

Allentown

Lehigh

Lehigh

Northampton

Lehigh

Lehigh

Northampton

Northampton

Lehigh

Lehigh

Lehigh

Lehigh

Lehigh

Northampton

Northampton

Lehigh

Lehigh

Northampton

Lehigh

Lehigh

Lehigh

Lehigh

Northampton

Lehigh

Lehigh

Northampton

Northampton

Lehigh

Northampton

Northampton

Northampton

Lehigh

SBFF

PIDA

SBFF

PIDA

PIDA

LVLP

SBA 504

LCIDA

PIDA

PIDA

LCIDA

Tax Exempt

PMBDA

SBA 504

LCIDA

PIDA

PMBDA

PIDA

SBA 504

SBFF

LCIDA

SBA 504

SBA 504

SBA 504

SBA 504

SBA 504

PPAA

PIDA

SBA 504

SBFF

SBA 504

Approved

Approved

Closed

Approved

Closed

Closed

Approved

Closed

Closed

Closed

Closed

Closed

Approved

Approved

Approved

Closed

Closed

Closed

Closed

Closed

Closed

Closed

Closed

Approved

Closed

Closed

Closed

Approved

Approved

Approved

Closed

Company Municipality County Program Project Status

10

* Loan was rescinded at borrower’s request following approval.

LVEDC markets to our regional businesses that could benefi t from our access to fi nancing and wide range of business services. We also market the Lehigh Valley as an excellent place to do business to the country and the world. Our eff orts take us as far away as Germany and India.

Our marketing strategy is simple enough: raising awareness of the strengths of Lehigh Valley, of what LVEDC does and how its services can benefi t business. Our positioning statement — Lehigh Valley’s premier Business Resource — is designed to set ourselves apart from other local organizations because of our extensive reach and depth of resources. Tactically, we will be using our new web site, video testimonials, direct mail, advertising and social media to help reinforce our position.

• Created and launched a new logo. The new, stylized mark captures the essence of business development in Lehigh Valley. The symbol is a subtleplay on the “L” and “V” of Lehigh Valley. The colors represent the urban core and the region’s open space. The design and type were chosen to look contemporary without being trendy.

• Developed and introduced a new web site. The design refl ects our Strategic Plan priorities and reinforces our position as the region’s premier business resource. The site serves as an interactive portal for Lehigh Valley businesses and seamlessly incorporates social media, a blog and video. The new design gives our fi nancing programs greater visibility and encourages lead generation.

• Working with Discover Lehigh Valley and the Lehigh Valley International Airport, we completed a video showcasing the region’s excellent quality of life. It can be seen on each organization’s web site and near the airport’s baggage carousel.

• Gave a total of $31,000 in Urban Marketing Initiative grants to the cities of Allentown, Bethlehem and Easton to spur economic rebirth and encourage continued success. LVEDC provided fi nancial support for carrying out unique elements of the city’s marketing campaigns, Main Street programs, targeted events and tactical web site enhancements for the long-term goal of business att raction and retention.

• Garnered media att ention for Lehigh Valley in BBC News, PBS, PCN and local media outlets.

• Created a user-friendly fi nancing matrix and updated Lehigh Valley Lenders Network branding.

• Developed an extensive social media plan to market LVEDC’s services to the business community – including the use of Facebook and Twitt er to market the region’s quality of life and innovative spirit to young professionals and entrepreneurs.

A marketing planbig enough to cover

the world.

11

Key marketing highlights in 2010 include:

2010 LVEDC Investor Pledges and Contributions

Cedar Crest Professional ParkCharles Chrin CompaniesCommunity Services for Children, Inc.Compass Point, Ltd. �Coordinated Health SystemsCorporate Environments �Crayola, LLCCrystal SignaturesCURA HospitalityCustom Nonwoven, Inc.Davis Beverage Group, Inc.DeSales UniversityDesignPoint, Inc.D’Huy EngineeringDiakon Lutheran Social MinistriesDietrick Group, LLCDuggan & Marcon, Inc.EarthRes Group, Inc.Easton Area Industrial Land Development Company, Inc.Easton Coach CompanyEco-Tech, Inc.Effi ciency EngineersElk EnvironmentalEmbassy Bank for the Lehigh Valley �Enterprise Systems Partners, Inc. eScott MarketingEssroc Cement Corp.Famous Smokeshop PA, Inc.FiberAmericaFirst Niagara Bank �First Telecom ServicesFlexLink Systems, Inc.Forks Mediterranean DeliFox Rothschild LLPGillespie PrintingGorski Engineering, IncGray ConnectiveGreater Lehigh Valley Chamber of Commerce �Haines & Kibblehouse, Inc.Handlon Business Resources �HealthAmericaHistoric Hotel BethlehemINetU, Inc.Infradapt, LLCInova Technologies, LLC

Intercontinental Distributing, Inc.JMT EnvironmentalJust Born, Inc.King, Spry, Herman, Freund & Faul, LLCKitchen Magic, Inc.Klein & Hoff man, Inc.Lafayett e CollegeLandmark Communities, Inc.

Visionary$50,000 +Lehigh County � �Northampton County � �

Strategic$20,000-$49,999Discover Lehigh Valley �Lehigh University � �Northampton County General Purpose Authority �Northampton County New Jobs Corporation �PPL Corporation � �Wachovia � �

Unity$10,000-$19,000Air Products & Chemicals, Inc. �Alvin H. Butz, Inc. � Capital Blue CrossCity of BethlehemLehigh Valley Health Network � �Lehigh Valley Workforce Investment Board, Inc. �Lutron Electronics Company, Inc.PNC Bank �UGI Utilities, Inc. �Verizon Foundation �

Valley$7,500-$9,999KNBT, A Division of National Penn Bank �Liberty Property Trust �Met-Ed, A FirstEnergy CompanyNorthampton Community College �St. Luke’s Hospital & Health Network � �West Side Hammer Electric �

Alliance$5,000-$7,499Arcadia Properties, LLC �Bank of AmericaBen Franklin Technology Partners of Northeastern, PA �BMW North America �Community Action Committ ee of the Lehigh Valley �Good Shepherd Rehabilitation Network � �Green Knight Economic Development Corporation �J.G. Petrucci Co., Inc.Lafayett e Ambassador Bank �Lehigh Valley Industrial Park, Inc. �Lehigh Valley International Airport

Moonstone Environmental �PenTeleDataPiramal Critical Care �Prologis �Zep, Inc.

Cornerstone$2,500-$4,999B. Braun of America, Inc.Cobalt Computers �Concannon, Miller & Co., P.C.Derby Supply Chain Solutions Diversifi ed Capital BethlehemEastern PA Business Journal Fitzpatrick, Lentz & Bubba, P.C. �HDR Engineering, Inc. � �Highmark Blue ShieldIronton Telephone CompanyJHG Hotel Management: 1. Hilton Garden Inn 2. Staybridge Suites 3. Marriott TownePlaceJ.M. Uliana & Associates, LLCKeystone Consulting Engineers, Inc.Klunk & Millan AdvertisingLesavoy Butz & Seitz LLCMack Trucks, Inc.Majestic Realty Co.MRA GroupMSG QuandelNew World AviationPalram Americas GroupQNB Sovereign Bank �Wilmington Trust FSB

Community$1,000-$2,49944 Business CapitalActive Data Exchange, Inc.Advanta Training, LLCAFC Reverse Mortgage �Albarell Electric, Inc.ALEDCO, Inc.Allan A. MyersAllied Building CorporationArtsQuest �Benchmark EngineeringBest Western Lehigh Valley Hotel & Conference CenterBethlehem Business Forms LLCBlue Rock Construction, Inc.Bohler EngineeringBorton LawsonBrinjac EngineeringBroadview NetworksBrown-Daub, Inc.BTI Coopermatics Inc.Buckl ArchitectsBuckno, Lisicky and CompanyCalicor Staffi ngCaruso Benefi ts Group �CC Inc. Construction ServicesCedar Crest College

12

Kistler O’Brien Fire ProtectionKnopf AutomotiveLehigh and Northampton Transportation AuthoritiesLehigh Career & Technical InstituteManagement Recruiters of Bethlehem, PAMark Wetzel Accounting Management & ConsultingMerchants Bank of Bangor � Modern Precast ConcreteModernfold of Reading Inc.NTH Consultants, Ltd.Offi x, LLC �Ott Consulting, Inc.ParenteBeard, LLCPaul MarinPennoni Associates, Inc.Pennsylvania Metallurgical, Inc.Principal Investments, LLCReimer Real Estate, Inc.RETTEW Associates, Inc.Schlouch, Inc.Select Sales, Inc.Signs by TomorrowSmitHahn Company, Inc.Somerset Properties, Inc.Spillman Farmer ArchitectsStemie’s 1818 TavernThe Garibaldi GroupThe Guardian Life Insurance Company of AmericaThe Organic Matt ress StoreTrans-Bridge Lines Inc.United Way of the Greater Lehigh ValleyVaida Law Offi ces �Visual Sound Company, Inc.Walton Consulting, Inc.Wells Fargo AdvisorsWilliam Elek, Ltd.

KeyIndicates additional contribution:

� LVLRI: Lehigh Valley Land Recycling Initiative

� OMWOB: Offi ce of Minority & Woman-Owned Businesses

� KIZ: Southside Bethlehem Keystone Innovation Zone

� Foreign Trade Zone

� Indicates Board of Directors member of LVEDC

Langan Environmental & EngineeringLehigh Carbon Community CollegeLehigh County AuthorityLehigh Valley Association of Independent Colleges (LVAIC)Lehigh Valley Association of RealtorsLehigh Valley Rail ManagementLehigh Valley Veterinary DermatologyLiberty Engineering, Inc.Loikits Industrial Services, Inc.Luxury LaneMajestic Athletics, A Division of VF ImagewearManagement ResourcesManufacturers Resource CenterMartin H. Schuler CompanyMaser Consulting, P.A.McCann School of Business & TechnologyMcTish Kunkel & AssociatesMericle Commercial Real Estate ServicesMeyer Jabara: 1. Holiday Inn Conf. Center 2. Courtyard by Marriott

- Bethlehem 3. Hyatt Place - BethlehemMohr Management Resources Morris Black & Sons, Inc.Nacci Printing, Inc.NAI SummitNic Zawarski & Sons, Inc.North Star Construction Management, Inc.O’Donnell & Naccarato, Inc.Ondra-Huyett Associates, Inc.OraSure Technologies, Inc.Originate VenturesPendurthi Surgical AssociatesPenn State Lehigh Valley �

Philip B. MitmanPrime Steak HouseReading Electric RenewablesRLB Certifi ed Public AccountantsRobert W. WhartenbyRothrock Motor Sales Inc.Sands Casino Resort - Bethlehem �Scot Lubricants of PA, Inc.Spark Marketing CommunicationsSperry Van Ness/Imperial RealtySpott s, Stevens & McCoy, Inc.Stiegler, Wells, Brunswick & Roth, Inc.Superior Quartz Products, Inc.Sustainable Energy Fund

SYNACT, Inc.Taggart AssociatesTallman, Hudders & Sorrentino, P.C., the PA offi ce of Norris McLaughlin and Marcus, P.A.TC Salon & SpaTD BankTeam Capital BankThe Express-TimesThe Frederick Group, LLCThe Norwood CompanyTraffi c Planning & Design, Inc.Ultra-Poly CorporationUpper Macungie TownshipValleyWide Property Management, LLCVistacom, Inc.Waste Management, Inc.Wind-Drift Real Estate AssociatesWind Gap Electric, Inc.

Small Business Associates$500-$999AAA East PennActionCOACHAdams Outdoor AdvertisingAerotek, Inc.Alfred Benesch & CompanyAllied Personnel ServicesArtefact, Inc.Barry Isett & Associates, Inc.Berger-Epstein Associates, Inc.Broughal & DeVito, L.L.P.C.F. Martin & Company, Inc.Coldwell Banker Commercial /Feist & Feist RealtyComfort Suites BethlehemComputer Aid, Inc.CRXJEM Consulting, LLCCushman & Wakefi eld of PADaniels Cadillac, Inc. - BMWDeiter BrothersDunn Twiggar Company, LLCDutch SpringsElectronic Commerce, Inc.Express Employment ProfessionalsFastSignsFedetz & Martin AssociatesFirst Star BankFishburn Realty CompanyFollett CorporationFranklin Realty Development CorporationGelcor Realty, Inc.Gilmore & Associates, Inc.Hampson, Mowrer, Kreitz Agency, Inc.Hanover Engineering Associates, Inc.Hanover Township (Lehigh County)Hanover Township (Northampton County)Hawley Realty, Inc.Horwith Trucks, Inc.i360 ToursIntegrity Personnel, Inc.Kahan PromotionsKelly Car & Truck Center

2010 LVEDC Member Pledges and Contributions cont.

13

Mr. Donald Cunningham County Executive Lehigh County

Mr. Robert M. Episcopo Director of Business Development Alvin H. Butz, Inc.

Mr. Vito Gallo Assistant Vice President for State Relations Lehigh University

Mr. Tom Garrity Managing Partner Compass Point, Ltd.

Ms. Sally Handlon President Handlon Business Resources

Ms. Kassie Hilgert Vice President of Advancement ArtsQuest

Ms. Jane L. Kohler Executive Vice President Lafayett e Ambassador Bank

Mr. John Krajsa President AFC Reverse Mortgage, Inc.

Ms. Cynthia A. Lambert Vice President, Government & Community Relations Good Shepherd Rehabilitation Network

Mr. William D. Michalerya Associate Vice President, Government Relations and Economic Development Lehigh University

Mr. Philip B. Mitman President & Chief Operating Offi cer Lehigh Valley Economic Development Corp.

The Hon. Sal Panto Mayor City of Easton

The Hon. Ed Pawlowski Mayor City of Allentown

Leaders

Offi cersCHAIRMANMr. James R. BartholomewExecutive Vice President Embassy Bank for the Lehigh Valley

VICE CHAIRMr. Donald M. BernhardManager, Community and Economic Development PPL Corporation

2ND VICE CHAIRMr. Richard E. ThulinPresident Arcadia Properties, LLC

TREASURER Ms. Jane L. Kohler Executive Vice President Lafayett e Ambassador Bank

SECRETARY Mr. William D. Michalerya Associate Vice President, Government Relations and Economic Development Lehigh University

EX OFFICIO Mr. Donald Cunningham County Executive Lehigh County

EX OFFICIO The Hon. Ed Pawlowski Mayor City of Allentown

EX OFFICIO Mr. John Stoff a County Executive Northampton County

Executive Committ eeMr. Ron Angle PresidentNorthampton County Council

Mr. James R. Bartholomew Executive Vice President Embassy Bank for the Lehigh Valley

Mr. Donald M. Bernhard Manager, Community and Economic Development PPL Corporation

Mr. Dean Browning Chairman Lehigh County Board of Commissioners

The Hon. John B. Callahan Mayor City of Bethlehem

Mr. Michael Stershic President Discover Lehigh Valley

Mr. John Stoff a County Executive Northampton County

Mr. Richard E. Thulin President Arcadia Properties, LLC

Mr. Seymour Traub Chairman Allentown Economic Development Corporation

Mr. David Vaida Att orney Vaida Law Offi ces

Board of DirectorsMr. William K. Ahlert Vice President HDR Engineering, Inc.

Mr. Peter Albanese Treasurer - Board of Directors Green Knight Economic Development Corporation

Mr. Ron Angle PresidentNorthampton County Council

Mr. James R. Bartholomew Executive Vice President Embassy Bank for the Lehigh Valley

Mr. Donald M. Bernhard Manager, Community and Economic Development PPL Corporation

Mr. Anthony J. Biondi Chief Operating Offi cer Merchants Bank of Bangor

Mr. Dean Browning Chairman Lehigh County Board of Commissioners

The Hon. John B. Callahan Mayor City of Bethlehem

Mr. John Conklin Director of Administration Northampton County

Mr. Donald Cunningham County Executive Lehigh County

Mr. Luke R. Cunningham ChairBethlehem Economic Development Corporation

14

Mr. John Krajsa PresidentAFC Reverse Mortgage, Inc.

Ms. Cynthia A. Lambert Vice President, Government & Community Relations Good Shepherd Rehabilitation Network

Mr. Joseph Lennert President Caruso Benefi ts Group

Ms. Jane P. Long, Esq. Att orney/ShareholderFitzpatrick Lentz & Bubba, P.C.

Mr. Robert Martin Sr. Vice President St. Luke’s Hospital & Health Network

Mr. Paul Mazzucco President Cobalt Computers

Mr. William D. Michalerya Associate Vice President, Government Relations and Economic Development Lehigh University

Mr. Philip B. Mitman President & Chief Operating Offi cer Lehigh Valley Economic Development Corporation

Dr. Brian A. Nester Senior Vice President, Physician/Hospital Network Development Lehigh Valley Health Network

The Hon. Sal Panto Mayor City of Easton

The Hon. Ed Pawlowski Mayor City of Allentown

Mr. Daniel J. Reavy Director of External Aff airs Verizon - Pennsylvania, Inc.

Ms. Melanie Sanchez-JonesHuman Resources Air Products & Chemicals, Inc.

Mr. Dennis J. Sharkazy Senior Vice President, Corporate Lending First Niagara Bank

Mr. R. Charles “Chuck” Stehly Director of Business Development Corporate Environments

Mr. Michael Stershic President Discover Lehigh Valley

Mr. Bert P. Daday Secretary Lehigh Valley Partnership

Ms. Holly Eicher Vice President-General Counsel Sands - Bethlehem

Mr. Robert M. Episcopo Director of Business Development Alvin H. Butz, Inc.

Ms. Cindy Feinberg Director, Community & Economic Development Lehigh County

Mr. Vito Gallo Assistant Vice President for State Relations Lehigh University

Mr. Tom Garrity Managing Partner Compass Point, Ltd.

Mr. Michael J. Gigler Senior Relationship Manager Wachovia

Mr. Peter A. Gray President KNBT, a Division of National Penn Bank

Ms. Sally Handlon President Handlon Business Resources

Mr. Tony Hanna Director of Community & Economic Development City of Bethlehem

Ms. Kassie Hilgert Vice President of Advancement ArtsQuest

Mr. T. Anthony Iannelli President Greater Lehigh Valley Chamber of Commerce

Ms. Jane Kohler Executive Vice President Lafayett e Ambassador Bank

Leaders cont.

Mr. John Stoff a County Executive Northampton County

Mr. Richard E. Thulin President Arcadia Properties, LLC

Mr. Seymour Traub ChairmanAllentown Economic Development Corporation

Mr. David Vaida Att orney Vaida Law Offi ces

Mr. Juan C. Vidal Managing Director Offi x Systems

LVLRI Advisory Committ eeDan AdamoMarketing ManagerUGI Utilities

Mike AdamsSenior Vice President Coldwell Banker

Erlinda AguiarReal Estate Development SpecialistCity of Allentown

Bill AhlertVice President HDR Engineering, Inc.

Glenn AmeyEnvironmental ManagerPPL Corporation

David BerrymanSenior PlannerLehigh Valley Planning Commission

Jeff rey M. Casalett oAssociateTallman, Hudders & Sorrentino, P.C.,the PA ofi ce of Norris McLaughlin and Marcus, P.A.

Scott CopeChief Program Offi cerWildlands Conservancy

Robert CoxWashington Township RepresentativeWashington Township/ Barry Isset & Associates, Inc.

Sean DooleyProject ManagerKeystone Consulting Engineers, Inc.

15

Jim DugganVice President KNBT, a Division of National Penn Bank

Paula EstornellBrownfi eld Project Offi cer U.S. Environmental Protection Agency

Cindy FeinbergDirector, Communication & Economic DevelopmentLehigh County

Sara HailstoneDirector, Communication & Economic Development City of Allentown

Alicia KarnerEconomic Development AdministratorNorthampton County

Jim KunkleSolid Waste SupervisorPennsylvania Department of Environmental Protection

Gretchen Lippincott Director, Communication & Economic Development City of Easton

Philip B. Mitman President & Chief Operating Offi cer Lehigh Valley Economic Development Corporation

John OrsiniWhitehall Township E.A.C.

Pete ReinkeVice PresidentLehigh Valley Economic Development Corporation

Randy RoushEnvironmental ChemistPennsylvania Department of Environmental Protection

Justin RyanBusiness Development ManagerLehigh Valley Industrial Park

Marc SaundersBoard MemberRising Tide Community Loan Fund

Tom ShaughnessyManager, Business DevelopmentJ.G. Petrucci Co., Inc.

Lori SywenskyCommunity Development AdministratorNorthampton County

Scott UngerExecutive DirectorAllentown Economic Development Corporation

Kathy VossoughDeputy Director of Economic DevelopmentCity of Bethlehem

Wayne WastlerEconomic Development & GIS ManagerCity of Bethlehem

Northampton CountyNew Jobs Corp.Michael Acker President Enviromental Waste Minimization, Inc.

Stephen Bajan Vice President of Financing Community Services for Children

John J. Blair President Blair Custom Homes, Inc.

J. Lee Boucher President Bardot Plastics, Inc

Rev. J. Michael Dowd Vice President, Easton Initiatives Greater Lehigh Valley Chamber of Commerce

Peter A. Gray President KNBT, a Division of National Penn Bank

Jim Hartman Vice President/ Commercial Loan Offi cer Unity Bank

James M. Higgins Senior Vice President/Commercial Sales Manager Susquehanna Bank

Robert C. Hoch Curt Hoyak Executive Vice President Albarell Electric, Inc

Mark P. Jobes Vice President Lafayett e Ambassador Bank

Stephen C. Kalamar Vice President/Commercial Lending/Lehigh Valley Region TD Bank

Dale Kochard Executive Director of Community & Regional Aff airs Lehigh University

Jeff Manzi Twenty First Century Security

Joseph Rizzolino Palmer Nursery, Inc

James Sampson Senior Vice President/Commercial Lending Merchants National Bank of Bangor

John Stoff a County Executive Northampton County

De-Ana Susinskas Vice President Manufacturing Group KNBT, a Division of National Penn Bank

Lehigh County IndustrialDevelopment AuthorityMark Bartholmew Vice President - Credit Manager National Penn Bank

Cindy Feinberg Director, Communication & Economic Development Lehigh County

Joanne Kuchera

E. Harry McGuirk Senior Vice PresidentNational Penn Bank

Ralph Richard Senior Vice President - Risk Management Wells Fargo Bank

W. Cordes Snyder

John H. Solar Managing Director Micro Matic USA

16

Lehigh’s Economic Advancement ProjectKeith Bachman Partner-Accounting and Auditing Services ParenteBeard, LLC

William Brooks Senior Vice President KNBT, A Division of National Penn Bank

Christopher Brown Vice President PNC Bank

Kevin Campbell Executive Vice President Barry Isett & Associates, Inc.

Brian Cook Vice President Commercial Real Estate Lafayett e Ambassador Bank

Karen Derr Vice President KNBT, a Division of National Penn Bank

John Ehresman Vice President Brown & Brown of the Lehigh Valley

Brian Farrell Vice President Commercial Lending Offi cer American Bank

Cindy Feinberg Director, Community & Economic Development Lehigh County

James Gentile President North Star Construction Management, Inc.

Michael Gigler Senior Relationship Manager Wachovia Bank

Bud Hackett Director, Business Development Ondra-Huyett Associates, Inc

Leaders cont.

Amy Hawley President Hawley Realty Inc.

Louis Kerschner CPA, PFS, ChFC, CBA Buckno Lisicky & Company

Carl Maio Retired

Paul Mazzucco President Coulbourn Instruments

Denise McCall Executive Vice President Britech, Inc

Harry McGuirk Senior Vice President National Penn Bank

Chris Persichett i Vice President Senior Loan Offi cer American Bank

Frank T. Smith Principal Summit Management & Realty Company

Robert Snyder Associate Vice President for Finance & Treasury DeSales University

W. Cordes Snyder Retired

Jim StortzVice PresidentNational Penn Bank

Raymond Suhocki Retired

Christopher Troxell Controller Olympus America Inc

LVEDC Staff Philip B. Mitman President & CEO 610-266-7565 pmitman@lehighvalley.org

Jean Mateff Chief Operating Offi cer 610-266-6633 jmateff @lehighvalley.org

Bob Bilheimer Vice President of Fund Development & Business Relations 610-266-7665 bbilheimer@lehighvalley.org

John Kingsley Vice President of Economic Development Finance 610-266-0887 jkingsley@lehighvalley.org

Margaret McConnell Vice President of Marketing & Communications 610-266-7682 mmcconnell@lehighvalley.org

Steve Melnick Vice President of Entrepreneurial Development 610-266-7535 smelnick@lehighvalley.org

Pete Reinke Vice President of Regional Development 610-266-6852 preinke@lehighvalley.org

Holly Edinger Director, Lehigh Valley Land Recycling Initiative 610-266-7179 hedinger@lehighvalley.org

Eduardo Eichenwald Director, Offi ce of Minority & Women-Owned Businesses 610-266-2216 eeichenwald@lehighvalley.org

Jarrett Witt Regional Development Manager 610-266-0523 jwitt @lehighvalley.org

Judy Yanega Manager of Finance 610-266-6622 jyanega@lehighvalley.org

Mary Edwards Financial Analyst 610-266-6851 medwards@lehighvalley.org

Julie Ruane Finance & Administrative Specialist 610-266-2225 jruane@lehighvalley.org

Vanessa Williams Interactive Media Specialist 610-266-2220 vwilliams@lehighvalley.org

Laurie DemkoExecutive Assistant & KOZ Program Coordinator 610-266-2218 ldemko@lehighvalley.org

Tracy Yenolevich Administrative Assistant 610-266-2236 tyenolevich@lehighvalley.org

17

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