The Iowa Lakes Corridor Development Corporation has launched its second push of the Existing Industry Call (EIC) Program in December. The EIC Program will serve as a business retention and expansion tool for business and industries within the organization's four-county region of Buena Vista, Clay, Dickinson and Emmet Counties.
The Iowa Lakes Corridor EIC Program is used to identify opportunities for growth and any impediments that discourage local expansion. Kathy Evert, President of the Iowa Lakes Corridor Development Corporation, said, "Based on research, existing business and industries account for 70% or more of all new jobs. It is important that we show our appreciation for their investment and contribution to our regional economy and do all we can to help them remain competitive in our global economy."
Seventeen volunteers have been recruited from throughout the four counties to help carry out the program. The volunteers will accompany Iowa Lakes Corridor staff in conducting in-depth interviews with major employers in manufacturing, ag-related and service-related businesses in the region to gather information. The same questionnaire will be used for each company visit to help identify individual business needs, concerns and suggestions about the local business climate. Last year 25 companies were interviewed and this year 50 interviews are planned with companies.
By utilizing the Synchronist Business Information System, a software tool to organize, analyze and report company information, the Iowa Lakes Corridor will gain invaluable insight into the dynamics of the local economy. Any and all company information gathered will be kept strictly confidential and results will be in aggregate form. An annual report will be compiled and distributed to the companies and investors in the Iowa Lakes Corridor Development Corporation which will track trends over time.