Plan your business
Thinking of starting a business? Business plans are not only important for you as the business owner, but are always required for financing. Please connect with some of our partners for assistance in creating a business plan. Once you have your business concept, we can help you determine a location in Allentown!
- Lehigh University Small Business Development Center
- Community Action Development Corporation of Allentown
- The U.S. Small Business Administration
Business Incubation for early stage companies
According to the U.S. Census, more than 200,000 businesses closed during the Great Recession between 2008-2010. Statistics show that while 66 percent of all small businesses fail within their first five years, 87 percent of businesses in an incubator are still operating after the same five year period.
A business incubator is a “nurturing system” for new businesses. Incubators provide technical support, inexpensive real estate, networking opportunities with other entrepreneurs, priority access to economic development financing, and potential access to angel and investment capital.
Allentown is competitively positioned to support manufacturing, industrial and technology based entrepreneurs through the presence of two incubators and the virtual incubator support of the Ben Franklin Technology Center.
Bridgeworks Enterprise Center was founded in 1989 in the refurbished former Mack Trucks Plant 4A, the 64,000 square-foot Bridgeworks Enterprise Center is the only business incubator in the Lehigh Valley dedicated primarily to manufacturing and manufacturing related technology early stage companies. The Bridgeworks Enterprise Center is uniquely positioned to help urban manufacturing in the City of Allentown thrive.
Velocity is an urban campus for entrepreneurship at City Center Lehigh Valley in Allentown, Pennsylvania. Velocity is designed to stimulate the establishment and growth of innovative early-stage companies committed to urban revitalization, by providing office space below market rate, advisory services and networking opportunities to founders who are passionate about building a vibrant downtown community.
Ben Franklin Technology Partners of Northeastern Pennsylvania links early-stage technology firms and established manufacturers with funding, people, technology, universities and other resources to help them prosper. Ben Franklin Technology Partners works with Allentown area businesses to provide “virtual incubator” services to early stage manufacturing and technology companies.
SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship.