Wednesday, February 29, 2012

Lehigh Valley Women vs. the Economy


This is a project on female entrepreneurs in the Lehigh Valley. They discuss the successes they've had and the struggles they've faced in regards to the economic recession.






The Lehigh Valley economy has been rising and falling for the past few years. The unemployment rate is slightly better than the United States’, 8.1% compared to 8.9%. In 2009, 2,509 women and children in the Lehigh Valley were living in homeless shelters, 872 of these people being children under the age of five. Finally, 43% of those unemployed in the Lehigh Valley are women, 57% are men.
Although these statistics are depressing and give one the sense of crisis in the Lehigh Valley, there are also positive stories throughout the Valley; there are many women who have risen above the statistics and opened their own businesses. Since 2007, at least eight new businesses have been opened by young women in the Lehigh Valley. In the state of Pennsylvania, women represent 30% of self-employed persons; women generating $1.9 trillion in annual sales in 2006 in the United States as a whole.
Jane Roncoroni, owner of fine clothing and accessory store Jane Roncoroni in Bethlehem, has been opened for 23 years. Starting the business in her home while she was between jobs, Jane would host trunk shows to sell fine clothing to her customers. She has been in business ever since, moving throughout Bethlehem but currently located in the heart of downtown.
Although Jane has successfully kept her business afloat, she was affected be the economic recession in the last few years.
“Of course we have. Everybody has, I don’t know anyone who hasn’t.”

Due to her personal dedication to being at her store and personal relationships with her customers, Jane has been able to beat the trends of businesses closing around her.
For women who are looking to open their own business, Jane feels passionately about focusing on dreams of being independent.
“I really think you should follow your passion, I don’t think you should be afraid of failure,” she said.
Although Jane feels women should pursue a business, owner of Patti’s Petals in Bethlehem for 25 years, Mike Rohn, gives an honest man’s perspective on opening a business.
“In all seriousness, I would say don’t. People always say, ‘Oh you own a business.’ I always say, ‘No I don’t, the business owns me,’” Mike said.
Mike’s advice to perspective business owners is based on the vigorous hours and the financial pit that many new business owners fall into. According to Mike, five years of financial cushion is necessary to have a successful business and establish yourself.
“People think that if you hang a sign out there on the door, people are going to run in and it ain’t that way,” he said.
Both Mike and Jane have been opened for much longer than owner of Millie’s Notary and Insurance, Millie Pabon, has been opened for five years in Bethlehem. Although she’s newer to the self-employed scene in the Lehigh Valley, Millie has grown up in Bethlehem and has a customer following of south Bethlehem natives and friends she has grown up with.
“I live here, I was raised here and I know a lot of people in the area,” she said.
For future female business owners, Millie believes women have it harder then men and need to focus on nurturing the business.
“I think it’s a little harder for us, it’s more difficult,” she said. “Just continue to press-on.”
Along with Jane and Millie, there are an abundance of successful female-owned businesses in the Valley. Among newer businesses, Apotheca Salon and Boutique, Eskandolo Salon and Loose Threads Boutique are all businesses opened in Bethlehem in the last few years by women under 35. 
Although there are newer women to the self-employed circle in the Lehigh Valley, there are also many women who have set the example for them. The Funhouse and Cleo’s Silversmith have both been female-operated and been opened for more than a decade. 


Tuesday, February 28, 2012

Entrepreneurship in the Valley: Bethlehem's EcoTech Marine

With its headquarters tucked in the humble town of Bethlehem, Pa., the highly successful aquarium supply company EcoTech Marine stands as an unexpected symbol of entrepreneurial success in the Lehigh Valley. With over 500 stores carrying its products in over 30 countries, EcoTech Marine was named one of Inc. 500’s fastest growing companies of 2010, earning $6.7 million in revenue in 2011 alone. EcoTech Marine has broken free of the constraints of the recession-stinted economy, standing as proof of the success that can come from diligence and perseverance.


“To be an entrepreneur, I would recommend that you just need to follow your passion,” said Pat Clasen, EcoTech co-founder and Director of Finance. “Engineering or science…if it’s aquariums, if it’s music, you can follow that and it can lead you to a career.”

With EcoTech Marine, Clasen and his team proved just that. In 2003, Clasen and his Lehigh University fraternity brother Tim Marks teamed up with Oklahoma State University student Justin Lawyer, looking to find innovative ways to improve the “aquascape” for which they all had a passion. Originally a small venture of Marks and Lawyer, EcoTech Marine stemmed from the duo’s shared love for fish and reef tanks.

Soon after Clasen joined the team, the company’s first prototype, the alkalinity and calcium-balancing Kalkwasser Reactor, was born.

Looking for additional funding for their project, Clasen—a material science and Engineering major—heard about Lehigh’s Integrated Product Development program, which was accepting applications for its “Invitation to Innovate” contest. The Reactor won the competition, earning EcoTech $2,000 and the opportunity to work with IPD students to continue to develop its products.

In their sophomore year, Clasen and Marks applied for a National Collegiate Inventors and Innovators Alliance grant, receiving $8,380 in funding for prototyping, according to NCIIA website. Devoting a hefty chunk of time to the company through their time in graduate school at Lehigh, Clasey and Marks were able to experiment with and expand EcoTech’s reach in the aquarium market.

“Our first product really didn’t take off,” said Clasen. “It wasn’t until our second product took off and then we had to go through lots of different changes and integrations and improvements…our first 300 units pretty much all failed out of the box and it was through working through that and not giving up…that got us to where we are.”

EcoTech’s second, more successful product was the VorTech MP40 pump, and it is still one of the company’s most successful products today, almost a decade later. The innovative tank pump features a low-profile, safe and efficient design that has earned the company and the extended VorTech line a slew of accolades and success.

“The basic innovation is having a motor on the outside of the aquarium and a propeller on the inside of the aquarium, using magnets to couple the two halves together,” explained Clasen. “That idea got us very far within the industry, and there are very significant benefits to having that so that really got us into the market. But it’s that innovative mindset and that ability to create products with the user experience in mind that’s really allowed us to thrive.”

The unique, eco-friendly design of the pump keeps wires—and therefore heat—out of the tank, requiring less electricity to cool the aquarium’s water. Inspired by nature, the pump creates a natural undertow along the sand bed in the tank, keeping the aquarium’s ecosystem healthier than a standard pump.

“If you continue to try and continue to find new ways to fail, you’re going to find that success. We were a little lucky that our second ‘failure’ kind of turned into a success. So when you look at entrepreneurs around the world, everyone fails but it’s those who don’t give up, those who continue to try and continue to innovate are the ones that succeed.”

In May 2008, according the EcoTech Marine website, the VorTech MP40 earned the team a prestigious Innovation Award from the Ben Franklin Technology partners of Lehigh University. Different versions of the VorTech pump, built to serve smaller and larger tanks than the MP40, have also earned Reefbuilders.com and Marine Depot “Best Aquarium Product of the Year” awards.

EcoTech’s most recent product, the Radion XR30w LED lighting system, has also proved successful; in Jan. 2012, Reefbuilders.com named the product the winner of the 2011 LED Showdown.

Clasen explained his two-pronged philosophy on the company’s booming success.

“What I always say is if you’re interested in creating products, if you’re interested in becoming an entrepreneur, who need to do two things—you need to find your passion and you need to never give up.”

Stressing the integral support that EcoTech received from Lehigh and the Valley at the start of the venture, Clasen also spoke to the company’s commitment to the local economy and the Lehigh community.

“Right now we’ve got about 30 full-time EcoTech employees, so we’re reinvesting into the area. We also have manufacturing firms that come from the Lehigh Valley, so from that perspective we contribute back. We also go back and sponsor IPD ourselves—we sponsor teams every year, so that’s generating new products and it’s kind of coming full circle.”

Follow EcoTech on Twitter @EcoTechMarine or visit their Facebook page.



The Goose: Beloved Bethlehem Sandwich Shop

This is my video project for J230 Multimedia Storytelling about local business The Goose -- a sandwich shop on 4th Street in Bethlehem that locals and Lehigh students have come to love and frequent. The quality sandwiches are what draw people in, but Tony Silvoy, the owner, is the reason people keep coming back. He greets you with with a smile, asks about your day, and remembers you when you come back.

 

It's Not Your Ordinary Diner

A quick inside look at Billy's Downtown Diner, including an interview with Billy and customers.


The Mint Gastropub Creates a Modern, Fresh Buzz in West Bethlehem

The Mint Gastropub has changed the West Bethlehem restaurant scene. A different take on comfort foods and embracing the bank atmosphere makes The Mint stand out against other Bethlehem restaurants and in the Lehigh Valley.

Hello Burrito offers eco-friendly dining in Bethlehem, Pa.

Hello Burrito opened in Bethlehem, Pa., in 2010 with a goal of offering quality food to its customers while leaving a small environmental impact.

Bethlehem's Petra Mediterranean Restaurant

Below is my video in the delicious and unique Petra Mediterranean restaurant, located on the North Side of Bethlehem, Pa. I talked with owner Elias Salameh and with two satisfied customers who raved about their experiences at Petra.

Deja Brew: Popular Local Bethlehem Cafe

Deja Brew is a great local cafe that offers a homey atmosphere to relax and enjoy a light meal or a cup of coffee with local Bethlehem residents.



Horns: The Popular New Restaurant in Bethlehem

Horns is a delicious restaurant located in Bethlehem, Pa., just steps away from Lehigh University. Horns offers a wide variety of inventive dishes, all of which are made with fresh, local and organic ingredients.

Horns: New Bethlehem Restaurant Becomes a Hit

This new South Side eatery focuses on fresh, organic food.