Early 20th Century To Present
Economic recovery in the early 20th century was brought about by the silk and textile industry. The Adelaide Silk Mill, one of the largest in the world at the time, opened in Allentown in 1881. By 1928, there were more than 140 silk and textile mills in the Lehigh Valley, making it the second largest industry in the region. By the 1930s, the silk industry was in worldwide decline, as synthetics were taking the place of silk. Catoir Silk Mill, the last silk mill in Allentown, closed in 1989. In 1905, Mack Trucks moved to Allentown, beginning Allentown's focus on heavy industrial manufacturing. Today, Allentown's economy, like most of Pennsylvania's, is based in the service industries with some manufacturing. Deindustrialization has caused many of the factories and corporations headquartered in Allentown to close or move. For example, Mack Trucks is now located in Greensboro, North Carolina, LSI Corporation (formerly Agere Systems, which merged with LSI Logic) moved its headquarters to California, and numerous factories have ceased operation. On the other hand, the Allentown Economic Development Corporation (AEDC) operates a business incubator, the Bridgeworks, which helps attract and support young commercial and manufacturing businesses.
Read more about this topic: Allentown, Pennsylvania, History
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