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Matthew Tuerk

๐Ÿ‘ค Speaker
377 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
How an American City Can Become a Manufacturing Hub

It's one of those like head scratchers when you're talking about a region's industrial output to say like, we make like an element, like an elemental element, like the lowest atomic scale.

Odd Lots
How an American City Can Become a Manufacturing Hub

It's hard to describe like how that happens, but that was founded in Allentown.

Odd Lots
How an American City Can Become a Manufacturing Hub

Actually, it was founded in Tennessee and moved to Allentown in the 50s.

Odd Lots
How an American City Can Become a Manufacturing Hub

But a lot of that production was still occurring.

Odd Lots
How an American City Can Become a Manufacturing Hub

The, the,

Odd Lots
How an American City Can Become a Manufacturing Hub

the kind of civic leaders of the time in the early 90s, is they could foresee the end of Bethlehem Steel when it was acquired.

Odd Lots
How an American City Can Become a Manufacturing Hub

I think it was acquired by ArcelorMittal, but they could see the end in sight.

Odd Lots
How an American City Can Become a Manufacturing Hub

And so they made a conscious effort to diversify, working with the Commonwealth of Pennsylvania to stand up some tech-led economic development, which it was successful in a few places.

Odd Lots
How an American City Can Become a Manufacturing Hub

The biggest success in attracting investment or the biggest kind of economic development story for the region was in 2006 when the region convinced Olympus, which is the manufacturer of surgical devices, to relocate its North American headquarters.

Odd Lots
How an American City Can Become a Manufacturing Hub

They were out in suburban Bethlehem.

Odd Lots
How an American City Can Become a Manufacturing Hub

But that's been the character, right?

Odd Lots
How an American City Can Become a Manufacturing Hub

It's a very diversified economy.

Odd Lots
How an American City Can Become a Manufacturing Hub

Today, it's still about 17% of the jobs are manufacturing jobs.

Odd Lots
How an American City Can Become a Manufacturing Hub

So it's much higher than many other parts of the country.

Odd Lots
How an American City Can Become a Manufacturing Hub

And it's held pretty steady.

Odd Lots
How an American City Can Become a Manufacturing Hub

That was great.

Odd Lots
How an American City Can Become a Manufacturing Hub

Yeah.

Odd Lots
How an American City Can Become a Manufacturing Hub

So I started working for the Economic Development Corporation in 2008, and we had the manufacturing incubator.

Odd Lots
How an American City Can Become a Manufacturing Hub

It's called the Bridgeworks, the manufacturing incubator that was in place at that time.

Odd Lots
How an American City Can Become a Manufacturing Hub

It was trying to pivot away from manufacturing when I got there.