Membership Program

 

 

 

 

As a business leader in the community, the economic future of the Lebanon County is certainly important to you. As a 501 (c) (3) charitable, not-for-profit organization, the Lebanon Valley Economic Development Corporation (LVEDC) has been committed to the well being of the Lebanon Valley for many years, stimulating the local economy and providing economic opportunities for a wide range of businesses and individuals. The LVEDC is the state and locally designated agency that performs economic development activities.

 

The work of the Lebanon Valley Economic Development Corporation is vital for the continued health of the County. In the past 20 years, the LVEDC has created thousands of jobs and assisted a wide variety of companies with business expansions, such as Bayer Consumer Care, Schott Pharmaceutical, Plain N Fancy Kitchens, ASK Foods and Regupol America. The Corporation also recruited such new employers as: Ingram Micro, Sid Tool, Sherwin-Williams, Tyco (AMP), Elk Corporation, General Mills, PSPM and Seneca Foods. We have secured funds for such projects as the cleanup of the Lebanon Steel Foundry in the City of Lebanon.

 

We know that the economic vitality of the community is important to your business. The LVEDC is the only organization that provides these valuable services, such as recruitment, financing, site location and more to such companies. We would like to offer you the opportunity to invest in the economic future of Lebanon County by joining the LVEDC.

 

We know that you are an individual who cares about the economic future of the Lebanon Valley. We feel that work of the LVEDC is critical in strengthening the community and economy of Lebanon County and we ask that you please review the following information regarding our recent membership initiative.

 

 

Economic Impact of the “ABC” Company on the Lebanon County Economy

When the LVEDC helps to recruit a business to the Lebanon Valley, the impact of that new business resonates throughout the County, and brings numerous benefits to many different sectors. The following is a description of how one new company will influence the rest of the community.

 

1. Capital Investment – Goes into building construction, equipment, site work and soft costs – $60,000,000.These dollars go to:

  • engineers

  • construction companies – primary and subs

  • concrete companies

  • excavating

  • landscaping

  • steel companies

  • roofing

  • HVAC

  • electrical

  • plumbing

  • telecommunications

  • local utility companies

  • equipment vendors – manufacturing, distribution and office
     

2. Payroll:

  • 200 new primary jobs @ $15/hr.=$6,240,000 per year.

  • 300 indirect new jobs (1.5 X primary jobs) at @ $10/hr=$6,240,000 Total payroll=$12,480,000
     

3. Taxes:

  • Real Property: $400,000 per year – 75% to School District, remainder to local municipality and County. (local tax)

  • Corporate Net Income Tax – 9.99% (state tax)

  • Earned Income Tax (local tax)

  • Sales and Use Tax (supplies)

  • Capital Stock and Franchise Tax (State)

  • Payroll Tax – State and Federal
     

4. Local Suppliers and Vendors (examples):

  • Paper products

  • Copy machines

  • Computer firms

  • Raw materials for production

  • Fleet vehicles
     

5. Technical – Ongoing (examples):

  • Law firms

  • Engineering firms

  • Accounting firms

  • Security firm

  • Cleaning
     

6. Job Training:

  • Temp

  • Private

  • Supplies

  • Internal

  • Career and Technical School and Community College Contracts
     

7. Transportation Costs:

  • Norfolk Southern Rail Costs

  • Trucking companies

  • Air Service – peronnel and package

  • Cars
     

8. Utility Costs:

  • Electric

  • Gas

  • Telecommunications

  • Sewer

  • Water
     

9. Other Businesses Sectors of Local Economy that Receive Benefits from Personal Consumption Expenditures

 

(i.e. from 500 new jobs) – $5,800,000 per year

  • Grocery Stores

  • Banks/Investment

  • Restaurants

  • Auto Dealers and Repair

  • Clothing Stores

  • Housing

  • Medical and Hospitals

  • Gasoline Stations

  • Insurance

  • Pharmacies

  • Furniture

  • Utilities

  • Legal and Accounting

  • Other Retail and Service Establishments

       Total yearly investment in Local Economy exceeds $20,000,000.00.