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Allentown's economy has historically been and continues to be manufacturing based. The city serves as the location of corporate headquarters for several large, global companies, including Air Products & Chemicals,[28] Mack Trucks, PPL, and others.[29] The largest employer in Allentown is Lehigh Valley Hospital and Health Network, with more than 7,800 employees.[30]
In 2008, after more than 100 years in the city, Mack Trucks announced that their Allentown-based corporate headquarters would be relocated to Greensboro, North Carolina in 2009. It is expected that the move will result in the loss of approximately 600 jobs.[32] Recently, the Lehigh Valley Health Network announced that they will be moving approximately 1,000 employees into the Mack Truck Building.
Main article: List of shopping malls in the Lehigh Valley
The Center City area along Hamilton Street 10th and 5th Streets was the primary shopping district in Allentown until the mid-1970s. The "Downtown", as it was referred to, was anchored by Hess's (9th and Hamilton); H. Leh and Company (7th and Hamilton), and Zollinger and Harned (6th and Hamilton) department stores. Along Hamilton street were scores of retail businesses; large banks; movie theaters and various small restaurants and lunch counters. On the second and third stories, professional offices could be found in many of the smaller buildings with storefronts on the first floor. Businesses generally operated from 9am to 5pm Monday-Saturday, staying open until 9pm on Thursdays and starting in the mid-1960s, also on Monday nights. Until 1952, Lehigh Valley Transit street trolleys operated east-west along the length of Hamilton Street, and also north and south along 8th Street. The major transit station downtown being at 8th & Hamilton.
In the 1950s, a privately-owned parking lot system (Park & Shop) to accommodate shoppers and downtown workers began to be built by razing old buildings generally within a block of Hamilton between Walnut and Linden streets, with Hamilton Street merchants providing validation for shoppers parking tickets. In the early 1970s, Hess's and Leh's built large, private multilevel covered parking decks connected to their department stores to attract customers.
In 1966, the Whitehall Mall opened along MacArthur Road, just north of Allentown in Whitehall Township. It was the first enclosed shopping center north of Philadelphia when it opened.[33] Having two major department stores (Sears & Roebuck and Zollinger and Harned) as anchor stores when it opened, its popularity led to the rise of a sprawling retail district along MacArthur Road that continued to expand into the early 1990s. After a major renovation in 1998, the Whitehall Mall's anchors included Bed, Bath & Beyond, Kohl's, and Sears.[33]
In the early 1970s, Hess's South, a satellite location of the Hess's downtown store, expanded to become the South Mall, located in South Allentown, at the city's border with Salisbury Township and Emmaus.[34] Today, the South Mall's anchors include Gold's Gym, Petco, Staples, Stein Mart, and The Bon-Ton.
In 1976, the Lehigh Valley Mall opened, just south of the Whitehall Mall, at the intersection of U.S. Route 22 and MacArthur Road. With more than 140 stores, the Lehigh Valley Mall became the largest shopping mall in the region, and presently has anchors including Boscov's, JCPenney and Macy's. A large outdoor shopping addition opened in October 2007, and includes stores such as Apple and Barnes & Noble. Most recently, The Promenade Shops at Saucon Valley, a large, upscale outdoor shopping mall, opened just south of the city, near Pennsylvania Route 309 and Interstate 78, in Upper Saucon Township.
