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SEDCOR Annual Report reveals $60.5 million new investment in the Mid-Willamette Valley

Tuesday, September 13, 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, released its annual report for FY 2016 at its annual meeting and Awards Celebration last Friday. 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 $60 million in new investment and 397 new and retained jobs. The report also highlights a number of companies who have made a renewed commitment to the region in 2016. These include a new wood products company to the region that brought 75 new jobs, and significant expansions from existing companies like Henningsen Cold Storage, Don Pancho Authentic Mexican Foods, Turner lumber, GK Machine, and A.R.E. Manufacturing.

 

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.

 

“SEDCOR’s key strategic vision is to build communities in the Mid-Willamette Valley,” said Chad Freeman, SEDCOR President. “We do this by working one-on-one with individual companies here, and working to recruit companies outside the region. We have had a banner year with over $60 million invested by companies and almost 400 new and retained jobs.”

 

Highlights of achievements include:

  • More than ten announced expansion or recruitment projects, including one of the country’s largest cold storage companies investing in a new facility at Mill Creek Corporate Center.
  • In all, $52 million of new investment in the region by existing companies, adding or retaining 322 jobs.
  • A new traded sector employer moved to the region, bringing $8 million investment and 75 new jobs.
  • The Make it in the Mid-Willamette Valley project leveraged a $2.2 million federal grant and robust partnerships to help local manufacturing companies grow and expand by strengthening supply chains, delivering workforce training, bolstering business retention and expansion programs, and broadening SEDCOR's support into Yamhill County.
  • Partnerships with 15 school districts to identify and teach industry-driven schools.
  • 30 news stories telling the Mid-Willamette Valley’s business story, including earned media showcasing the region to more than 11 million readers in United Hemispheres magazine
  • A complete re-design and re-brand of Enterprise, which showcased 23 companies over the year.
  • The region’s strongest business innovation event at ENVISION 2016.
  • An award-winning Cascadia Threat series to showcase the region’s preparedness for disaster.

The SEDCOR Annual Report is available for download at SEDCOR.com.

 

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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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