Storm Lake, IA (KICD)–The Iowa Lakes Corridor’s annual meeting on Monday featured the release of their 2012-2013 Annual Report.
During the fiscal 2013 year, Iowa Lakes Corridorâ€™s goal was to add 150 jobs, Corridor companies committed 430. In addition: 36 jobs were retained, 18 projects completed, 14 acres sold, $37.46 million in new capital investment announced, and 489,000 in additional square footage occupied, constructed, or planned. There were 27 projects generated, 34 existing industry reviews, 8 existing companies assisted, 10 new businesses started, 39 entrepreneurial clients, and 33 of the Corridorâ€™s entrepreneurial clients experiencing increased revenues. The entrepreneurial clients created 45 new jobs and raise $1,081,000 in capital. In FY 2013, there were 366 students in entrepreneurial training and 18 classrooms participating in Junior Achievement. Corridor President and CEO Kathy Evert tells KICD News they are pleased with these figures.
2012-13 was the first year the Connect, Collaborate, Compete campaign was instituted. The C3 plan will provide sustainable benefits for the entire region long into the future. Over $2.8 million dollars were raised to support regional economic development for the fiscal years 2013-16. The Corridor has raised the largest dollar amount in history and also has the largest number of members/investors involved: 140.
Iowa Area Development Group President Rand Fisher was on hand to present the Silver Shovel award to the corridor.
The 2012-13 Chairmanâ€™s Award was given to Nichole Krager, a business teacher at Storm Lake High School for her continued efforts and support for youth entrepreneurship in her classrooms.