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SEDCOR Annual Report Reveals $42 million new investment in the Mid-Willamette Valley

Tuesday, March 1, 2016   (0 Comments)
Posted by: Elizabeth Peters
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Strategic Economic Development Corporation, the lead economic development organization for Marion, Polk and Yamhill Counties, today released its Annual Report for FY 2015. The report is a summary of the activities and achievements of the organization’s previous fiscal year.

 

The report shows a successful year, with more than $42 million in new investment and 732 new and retained jobs. The report also highlights a number of companies who have made a renewed commitment to the region in 2015. These include new companies to the region, such as FCR’s new call center in Independence that brought 100 new jobs, and significant expansions from existing companies like Power Equipment Systems, Willamette Valley Pie, Forest River Inc., and Universal Forest Products.

 

SEDCOR is a private, nonprofit association of 400 business and community leaders whose primary goal is to diversify the local economy by building up the traded sector. SEDCOR does this through business assistance—meeting directly with companies every day to help them stay in the region and expand.

 

“We work aggressively to grow business in the Mid-Willamette Valley,” said Chad Freeman, SEDCOR President. “We do this by working one-on-one with individual companies here, and efforts to recruit companies outside the region. It is a privilege to report such positive results in both of these areas.”

 

Highlights of achievements in 2015 include:

  • Existing company assistance: $40 million of new investment in the region by existing companies, adding or retaining 628 jobs.
  • Recruitment: Two new traded sector employers were welcomed to the region, totaling $2.2 million investment and 104 new jobs.
  • Supply chain needs for 50 manufacturers were identified through the Make It In The Willamette Valley initiative, a program supported by Federal grants, all three counties, PGE, and Pacific Power.
  • A new region-focused website was launched.
  • Two international trade events were held to connect local exports with buyers in Korea, Saudi Arabia and Canada.
  • Eighteen site selector visits were hosted and 25 site selector visits were made across the U.S.

The report also reviews SEDCOR’s membership activity, including 20 events with more than 2,000 people in attendance and the growth of Enterprise magazine as the region’s primary economic development business-to-business publication.

 

The SEDCOR Annual Report is now available for download here.

 

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Strategic Economic Development Corporation is the lead economic development entity for Oregon’s Mid-Willamette Valley. The 400-plus member nonprofit association leverages strong public and private partnerships to aggressively retain and attract high value jobs and capital investment to Marion, Polk and Yamhill Counties of Oregon. 

 


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