(Source: Stay Calm Industries)
The City of Allentown encompasses 17 square miles of diverse real estate, including manufacturing, industrial, commercial, and mixed-use space. Contact our business development department at 610-437-7610 for your specific needs.
Available real estate in the Allentown and surrounding area.
Industrial Real Estate
Work with the Allentown Economic Development Corporation to identify appropriate industrial real estate, and provide solutions for manufacturing/industrial projects.
Redevelopment of brownfield sites is the ultimate, sustainable land re- use strategy. Through partnering with Lehigh Valley’s Land Recycling Initiative and the Lehigh Valley Economic Development Corporation, we can help you develop, plan, finance, and implement a successful sustainable project on an Allentown brownfield site. For additional information, click here.
Learn more about the available redeveloped sites here.
Neighborhood Improvement Zone (NIZ)
The Allentown Neighborhood Improvement Zone Development Authority (ANIZDA) oversees and manages the Neighborhood Improvement Zone (NIZ) – a special taxing district created by state law that is being utilized to encourage development and revitalization in center city Allentown and along the western side of the Lehigh River.
The NIZ is a powerful economic development program that has spurred more than a half-billion dollars in redevelopment activity utilizing a unique tax incentive and financing tool. For additional information, click here.
Qualified Opportunity Zones (QOZ)
Qualified Opportunity Zones (QOZ) are a new community-development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The QOZ program provides a tax incentive for investors to reinvest their unrealized capital gains into Qualified Opportunity Funds that are dedicated to investing into QOZs designated by each state’s governor.
Pennsylvania has designated over 300 census tracts across Pennsylvania as Qualified Opportunity Zones. Downtown Allentown has three census tracts that have been designated for a Qualified Opportunity Zone. For additional information, click here.