What Developers Need to Know

As a real estate developer, you have expertise, resources and relationships with prospective tenants. As a community, we offer the walkable, sustainable, vibrant urban environment those tenants and their employees are looking for plus a powerful development financing tool. It’s a match that can only be made in Allentown—the third largest city in Pennsylvania and one of the fastest growing in the country.

The NIZ is comprised of approximately 128 acres in center city Allentown and along the western side of the Lehigh River where certain state and local tax revenues generated by new and existing businesses within the NIZ can be used to pay debt service on bonds and loans issued for qualifying capital improvements.

ANIZDA assists real estate developers interested in exploring opportunities and seeking financing for qualified projects within the NIZ. ANIZDA staff is available to consult on site selection, marketing and the process of obtaining financing through the authority. ANIZDA’s Financing Guidelines can be downloaded below, as well as the Business Information Packet containing a list of applicable state and local taxes.

JOIN THE RESURGENCE

Allentown is in in the midst of an unprecedented resurgence – and the NIZ is an ideal location to develop real estate.

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The Center of it All
Just 90 minutes from New York City and 1 hour from Philadelphia, but with a lower cost of doing business.

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A Skilled Workforce
This region of over 650,000 residents is home to 10 colleges and universities.

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A Lifestyle That Retains Talent
Host to arts and cultural attractions, festivals, public parks and spectator sports all contributing to a quality of life that attracts and retains top talent.

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Corporate Neighbors
Home to offices of respected corporations including PPL, Air Products, Lehigh Valley Health Network, BB&T and Morgan Stanley.