Trade & Industry Development magazine announced the recipients of its 8th Annual CiCi (Corporate Investment & Community Impact) Awards.
The 30 corporate recipients of the awards have announced plans for economic development projects that will collectively create and retain more than 35,250 jobs, and result in total corporate investment in excess of $16 billion.
“These major investments provide a clear snapshot of where and in which industries growth is occurring today,” said Scott D. Swoger, the magazine’s publisher and president of its parent company Due North Consulting, Inc. “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 magazine lists the top 15 largest capital investments for development or expansion, and another 15 projects for the positive impact they will have on a community, regardless of the amount of money invested by the corporation.
The largest project in the corporate investment list is Intel’s $3 billion expansion in Hillsboro, Oregon. The second and third largest projects were both by CF Industries Inc., which announced $2.1 billion and $1.7 billion expansions of their fertilizer plants in Donaldsonville, Louisiana, and Port Neal, Iowa.
South Carolina had two projects in the top 15 largest corporate investments – a $900 million expansion by BMW at its Spartanburg plant, and another one by Michelin in Anderson County.
“It’s great to see two South Carolina companies recognized out of a list of hundreds for their investments in the last year. I congratulate BMW and Michelin and thank them again for their continued investments in our state,” said South Carolina Secretary of Commerce Bobby Hitt.
As for the top 15 community impact projects listed by Trade & Industry Development magazine, the $6 billion project by Sempra Energy in Louisiana was easily the largest one, creating 740 jobs and retaining another 60 jobs.
Apple’s $304 million expansion in Austin, Texas topped the list in terms of the most number of jobs created (3,600). Amazon’s distribution center projects in Indiana and Kentucky also made the list.