Skip to main content

Moravian College announces partnership with Factory, a Bethlehem-based investment incubator for high potential food, beverage and pet health companies

BETHLEHEM, PA, February 23, 2021: Today, Moravian College announced a new partnership with Factory, a Bethlehem-based team of operators with $250M of investable capital to provide partner companies with support and resources so invested capital can be used for growth.  Some of the benefits of the partnership with Moravian College include discounted tuition for Factory employees and the development of internship and co-op learning opportunities for Moravian students.  

“Moravian has been placing students in internships with Factory for some time and we’ve been big supporters of Rich Thompson’s vision since he arrived in Bethlehem,” commented Katie P. Desiderio, executive director, graduate business programs and assistant vice president, corporate-educational partnerships at Moravian College. “By formalizing this partnership, we can now provide tuition discounts for Factory employees and look for ways to expand the scope of our working relationship even further.”

Moravian College has expanded its corporate partnerships over the past year and Factory now joins other Pennsylvania-based organizations like BSI Corporate BenefitsGood Shepherd Rehabilitation Network and CX University in Moravian’s group of partners.

“I look forward to working with Moravian, I love the students,” commented Rich Thompson, managing partner at Factory.  “We believe the talent and motivation of young people will drive future growth and appeal to our partner entrepreneurs and brand managers. ”

For more information, visit

Media contact:

Moravian College
Michael Corr
Assistant Vice President of Marketing and Communications

Factory LLC
Tyler Gehris
Logistics Specialist

About Moravian College
Moravian College is the nation's sixth-oldest college located in Bethlehem, Pennsylvania, offering undergraduate and graduate degrees that blend liberal arts with professional programs. For more than 275 years, the Moravian College degree has been preparing students for reflective lives, fulfilling careers, and transformative leadership in a world of change. Moravian College is a member of The New American Colleges and Universities (NAC&U), a national consortium of selective, small to midsize independent colleges and universities dedicated to the purposeful integration of liberal education, professional studies, and civic engagement. Visit to learn more about how the Moravian College focus on education for all prepares its students for life-long success.

About The Factory
Factory LLC is the premier food and beverage brand business accelerator. When a startup hits sales revenue of 2 million or more, we look to invest and grow these brands to catapult their potential. Think of us as the Google of Food & Beverage, or a university model for startups looking to widen their national footprint among key retailers. We are highly entrepreneurial.