Business News

Nacho Abia began working at Olympus in 2001. He has been CEO of Lehigh Valley-based Olympus Corp. of the Americas since 2015 and was recognized Tuesday at the Lehigh Valley Economic Development Corp. annual meeting.

The National Association of Realtors has agreed to eliminate its rules on commissions. That will have an impact on real estate professionals' fees — and perhaps supply a jolt to the tepid housing market.

Fabric and crafts giant Joann announced its bankruptcy filing Monday and said it expects to shift to private ownership following financial restructuring over the next several weeks.

The Allentown Parking Authority could buy the city's property at 10th and Hamilton streets before selling it in a package deal with its adjacent lot.

A coffee shop two months ago lauded by President Joe Biden as a shining success of small business appears to be on its way out of Emmaus following an extended landlord-tenant dispute.

WLVR's Megan Frank talks with journalists Stephanie Sigafoos and Brittany Sweeney.

The Lehigh Valley ranked first in the nation in economic development projects in 2023 than any similarly sized market, according to Site Selection magazine. The region also ranked fourth in all communities in the Northeast.

With restaurants facing high inflation, food and labor costs, Juan Martinez believes eventually, everything is going to level out and "good times will come."

A City Council member raised concerns last month about how much workers earn through the Allentown Rescue Mission’s transitional employment program.

The Hellertown Planning Commission gave a preliminary nod for a new Sheetz for the corner of Kichline Avenue and Main Street. Initial concerns surround traffic impacts and parking.

$2.5 million of renovations are completed for the Victory Firehouse in Southside Bethlehem as BSI Corporate Benefits' new headquarters. The renovations include modern office spaces, technology improvements, a new kitchen and re-adding firehouse-like garage doors.

Allentown officials and City Center representatives have said the new zoning regulations will lay the "framework" for the developer's ambitious plans.

Blackstone Structures’ Gary Newman said he considered refurbishing or moving the buildings in lieu of knocking them down, but those projects were too expensive and infeasible.

Another pediatric emergency room now is open in the Lehigh Valley. St. Luke’s University Health Network on Monday opened the Isaacman Family Children’s Emergency Room, after establishing a children’s hospital this past June.

The monthly report from the Greater Lehigh Valley Realtors shows home sales down 32 percent in September from September 2022. Low inventory and higher mortgage rates are to blame, officials say.

Pharmacy chain Rite Aid said late Sunday that it has filed for bankruptcy and now is focused on a restructuring plan that will close underperforming stores — including several in the Lehigh Valley.

Take a look at stories that ran throughout the week of which we are most proud, had a profound impact on readers or that you might want to look at again.

City planners voted 3-0 to approve land development plans for the hotel. The developer has a number of tasks to complete before receiving building permits.

Though Ideal Tower will have three fewer floors than the PPL Tower, it's set to stand 326 feet high — four feet taller than the iconic Allentown structure.

The Upper Macungie Planning Commission will discuss a plan for a manufacturing facility at 110 PA Route 100. A 150,000-square-foot warehouse has been proposed at the same site.

Western Lehigh Services, a commercial landscaping and snow management firm, is planning expansion into a new location in Lower Macungie Township.

The organization has supported children with cancer insuring they have an angel watching over them.