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Ainey was born in Susquehanna county, November 30, In he organized the Allentown Savings Institution and was chosen its first president. In the Second National Bank of Allentown was organized. He was elected its first president, a position he filled up to the time of his death.
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Ainey was a major financier of the industrial and retail growth of the city. Through his industry and assistance the following industries were established: The Iowa Barb Wire Co. It left the city economically depressed and to prevent this from happening again, efforts were made to develop a diversifed industrial base. Convincing the Phoenix Manufacturing Company to open a silk mill in Allentown was the first major success of that effort. The success of its Adelaide mill at Race and Court Streets prompted the opening of the Pioneer silk mill in and the city was established as a silk manufacturing center. With its many ancillary businesses, the silk industry became the largest in the city and remained so until the late 20th century.
By there were 26 mills in Allentown, which bywhen rayon was introduced became 85 mills. Over 10, people were employed in the Allentown silk industry at its height during the s. The beautifil Big Room was exactly that, with ample space for the breakfast. The pool area provided a nice spot for reading and catching nays.
I will stay there the next time i am Allentown, A real bargain. Roxanne, United States of America Food and location was the best thing about property. There were dozens of smaller retail stores, along with numerous restaurants, hotels, banks and professional offices in the "downtown", as it was called. In addition to the shopping, at least seven cinemas and stage theaters were located along Hamilton Street between Fifth and Tenth Streets. This was an attempt by the city to compete with the suburban shopping centers that had opened outside of the city and bring shoppers back to the Central Business District.
By the mid s, Allentown's economy had been booming for decades. However, beginning in the s, the economy and demographics of the city began to change.
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Townships such as SalisburySouth Whitehall and Whitehall had large areas of farmland Frer were prime locations for large housing estates to be built. Allentown began to be drained of its next Fref of working class, who began to galley to the newer, less expensive housing in suburbs which also offered lower taxes, greenspace, less crime, and newer schools. With these demographic changes that vvalley in the s and continued into the ssex and s, Allentown's city government and school district were left with fewer resources. The financial shortcomings of the city increased the number of working-class families leaving Allentown because of the Allentown School District's shortcomings as well as the sea change in demographics in the city's neighborhoods, especially those in center city.
With the departure of many working-class families from older center city neighborhoods, many homes were sold to landlords which converted them into inexpensive multi-family apartments which became government subsidized because of lax zoning enforcement and permissive city codes. The subsidized housing attracted new migrants to the area from New York and Philadelphia, looking for a better life in the more affordable Allentown area, but started a poverty problem with many of these residents requiring social services which the city could not afford easily. This exacerbated the decline of the city at large. With the population growing in the townships, more and more shopping centers along with other services were built outside of the city to accommodate the needs of their growing populations.
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It was the perfect place to spend the night while visiting friends in the area and old favorite locations from my childhood. I really can't imagine a better location if you love downtown Bethlehem - which is even nicer than it was in the s, when I lived there. Jeffry was attentive and prompt with all communication, and everything was easy. I would definitely recommend his place and would stay there again. Very quiet but only a short walk from lots of places to eat or grab drinks. Economy of Allentown, Pennsylvania The most common industries for residents in are area include educational services, construction and health care as of It had served as a major U.
Once a formidable industrial and manufacturing powerhouse serving the entire United States, the nationwide decline of this industry in the late 20th century and early s led the Lehigh Valley to shift its economic focus more towards financial services, health care, life sciences and technology as well as becoming a distribution hub for some of the largest U.