2012 Annual Report Overview

All the Happenings

• Magnetation exceeds job growth predictions by looking to add 200 new employees to their already 220 employee team
• IEDC signs purchase agreeement with J.M. Longyear for former Ainsworth site
• Public works infrastructure grant was awarded to the City of La Prairie for an extension of sewer and water services to Broking's transport and other neighboring properties
• Mark Zimmerman joins IEDC as new president

2012 Investment Partners

• In 2012, IEDC had a total of 24 investment partners
• 50% revenue source from the Blandin Foundation
• 25% revenue source from Itasca County
• 8% revenue source from grants & contracts
• 14% revenue source from Businesses & Individuals
• 2% revenue source from the City of Grand Rapids
• 1% revenue source from the City of Cohasset