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Grow Cedar Valley outlines business-attraction wins, workforce programs and a regional population study
Summary
Representatives from Grow Cedar Valley reported recent business-attraction successes, ongoing business retention visits, expansion of intern and young-professional programs, and a new population study as part of a presentation to the City of Cedar Falls Committee of the Whole.
Grow Cedar Valley representatives gave the City of Cedar Falls Committee of the Whole an update on economic development activity, including recent business-attraction leads, continued business retention visits and new workforce and population initiatives.
Grow Cedar Valley representative Lisa Scoble said the organization has engaged 17 new prospects for Cedar Falls since December, representing “over $274,000,000 in potential capital investment.” She described lead-generation trips to the West and East coasts that began with lists of more than 1,000 companies and produced several cultivated prospects and, in one instance, a new local location.
“Getting companies to commit to spend millions of dollars is a big undertaking,” Scoble said. She described a May lead-generation trip that ultimately helped land ABCO, a rubber-parts distribution center that purchased a former industrial campus in the Cedar Falls Industrial…
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