Payroll boost of $29 Million Projected from 2019-2020 Projects
Cass County, Neb., Jan. 27, 2021 – Cass County Nebraska Economic Development Council (CCNEDC) today announced $16.5 Million in 2020 capital investment – projects catalyzed by a robust year, despite the global health and economic pandemic, according to Jennifer Serkiz, CCNEDC executive director.
“We are a collaborative community with unique growth opportunities,” Serkiz said. “Those attributes have always served us well – and were especially important to our success over the last 12 months.”
Serkiz made the capital-investment announcement at today’s CCNEDC’s virtual annual meeting. She said the organization, along with community partners and stakeholders, responded to 17 economic-growth opportunities, which generated four Cass County site visits and produced two landed projects.
One of those projects, Vireo Systems’ expansion is expected to add more than $20 million to the regional economy – and nearly 300 jobs – over the next three-to-five years.
Altogether, CCNEDC’s 2020 efforts catalyzed 290 new-and-retained jobs in Cass County.
CCNEDC also conducted 35 business, retention-and-expansion meetings, more than 20 project and site development meetings and 80-plus business and community interactions
“There is no substitute for aspiration, and this is a community that consistently aspires to more. We are nimble. We are innovative. We work together,” Serkiz said. “So many thanks are due to a great number of individuals for this type of momentum. I join many community stakeholders and partners today in congratulating Cass County on their 2020 success.
In addition to sharing Cass County’s 2020 successes, Serkiz also rolled out a two-year economic impact analysis that showed 2019-2020 projects generated by CCNEDC are anticipated to boost payroll income by approximately “$29.2 million for jobs directly related to the operations” of the projects. This includes “additional business-to-business spending and additional household spending.”
The economic impact analysis also noted CCNEDC’s primary projects of the past two years are expected to add “413.4 million to the local economy each year,” when fully operational.
Reports
2019-2020 Economic Impact Analysis
Fourth Quarter Report
About CCNEDC
CCNEDC is a nonprofit business organization, and is part of the Greater Omaha Economic Development Partnership. The mission of CCNEDC is to attract, retain and grow business and jobs for all of Cass County.
About the Greater Omaha Chamber Economic Development Partnership
The Greater Omaha Chamber Economic Development Partnership (http://n3vk.faroor.com/economic-development/) represents a seven-county area from two states (Nebraska and Iowa) that includes Cass, Dodge, Douglas, Otoe, Pottawattamie, Sarpy and Washington Counties. The regionalized partnership operates as a comprehensive resource, driving growth and championing collaboration.