The Lehigh Valley continues to show signs of economic recovery with the recent announcement of Avantor Performance Materials Inc. planning to move its corporate headquarters to Lehigh County. Avantor, an international chemical manufacturer that specializes in developing chemicals used in the laboratory, pharmaceutical, and microelectronics industries, plans to relocate 140 employees from the current Phillipsburg, NJ location, and boasts an ambitious plan to hire 60 additional employees over the next three years.
Executive Don Cunningham announced on Friday the need to move the headquarters from Lopatcong Township to a larger, more modern workplace.
“We outgrew our current facility and were looking for a space that would reflect our bold growth objectives and new brand,” Jean-Marc Gilson, president and CEO of Avantor Performance Materials, says in a statement. “We wanted a larger, more modern work space that would energize our employees. We’re very pleased to have found such a facility in Pennsylvania.”
The chemical company, formerly known as Mallinckrodt Bakers, will occupy the Stabler Corporate Center building that was once reserved for vaccine maker Sanofi Pasteur. The deal was contingent upon the company receiving $3.89 million in state grants, including a $200,000 opportunity grant, a $3 million grant from the Redevelopment Assistance Capital Program, $90,000 in job training assistance and $600,000 in job creation tax credits. Lehigh County and the Lehigh Valley Economic Development Corp. helped the company obtain the state funding. According the the examiner,
The financial investment in this region of Pennsylvania is well worth the money because it is the largest influx of jobs to the locale since Olympus moved its headquarters to the same general location within Stabler. Corporate relocations of this size and scope bring additional business, can influence other industry leaders, and simply don’t occur frequently in this area.
The relocation of this chemical company to the Lehigh Valley is another sign of the road to economic recovery, with the introduction of new jobs and motivation to see the community thrive.
Where else in the Lehigh Valley do you see signs of economic recovery?