PDI Blog

Presidential Post - May 1, 2013

Brent Willett 2012While it doesn't always get the accolades and attention it deserves, Business Retention and Expansion is a fundamental element of every economic development program.

  • Local companies are the key element of a community's infrastructure that establishes the economic climate for the area. If local companies are doing well, so is the community and vice versa.
  • New project locations tend to get more media and attract more public attention, but existing companies within a community are responsible for 80% of all new job growth.
  • Understanding local industries and the economic forces that impact them, gives us valuable insight into what needs to be done to maintain and grow a local economy.

For this reason, the Professional Developers of Iowa has chosen to raise the awareness of BRE initiatives in our state and recognize communities who have successfully implemented programs focused on existing businesses. 

Sponsors of the Awards are Smart Solutions Group and Blane/Canada Synchronist Suite. Congratulations to this year's winners:

BRE Overall Program:
Warren County Economic Development Corporation

Single Project:
City of Sioux City Economic Development - Sabre Industries Inc. Expansion
Mount Pleasant Area Development Commission - Nypro Kánaak Iowa Expansion
Mitchell County Economic Development - Grain Millers, Inc. Expansion

Sincerely,

Brent Willett
President, Professional Developers of Iowa 

 

Written by Brent Willett
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