(Spirit Lake) -Trade & Industry Development,
the leading magazine dedicated to an audience of corporate site selectors in vertical industry segments, has announced the recipients of its 8th Annual CiCi (Corporate Investment & Community Impact) Awards.
In turn, The Iowa Lakes Corridor Development Corporation has announced that Polaris Industries received a CiCi Award for Community Impact.
The Corridor group notes that with the growth of the Victory Motorcycle and Ranger lines, the acquisition of Indian Motorcycle, as well as the expansion into Milford with the GEM and newly announced BRUTUS lines, Polaris has a strong impact throughout the region.
“The impact of Polaris Industries on the entire Corridor region is growing and is significant,” said Kathy Evert, president and CEO of the Iowa Lakes Corridor Development Corporation. “We are grateful for and proud of their continued investment, launch of new products, and addition of new jobs in the Iowa Lakes Corridor.”
“The 30 companies recognized by our 8th Annual CiCi Awards represent extraordinary investment in corporate development in a variety of industry segments across the United States. In fact, seven of this year’s recipients have announced plans to individually invest $1 billion or more,” said Scott D. Swoger, publisher, Trade & Industry Development magazine, and president of its parent company Due North Consulting, Inc.
“These major investments provide a clear snapshot of where and in which industries growth is occurring today,” Swoger continued. “Each of the investments to be made by Trade & Industry Development’s 8th Annual CiCi Award recipients will be transformational for the communities in which the projects will be located.
The CiCi Awards are unique in that in addition to commemorating the largest capital investments for development or expansion announced within a designated year, they equally recognize projects for the positive impact they will have on a community, regardless of the amount of money invested by the corporation.
Among the criteria considered for CiCi recognition in the Community Impact division are the number of jobs created and/or retained, area unemployment figures, average income level of the region, area plant closings or decline in industry segments, and the creation of new industry segments with employment opportunities, among others.
To arrive at the selection of the 8th Annual CiCi Award recipients, Trade & Industry Development editors considered several hundred announcements of corporate economic development made during 2012.
