MOBILE, Ala. (WPMI) Alabama Department of Commerce Secretary Greg Canfield congratulated Airbus today for a national recognition the company has received. Trade & Industry Development has declared the Airbus announcement to be one of the top 15 corporate advancement awards in the United States.
"While many in the U.S. were preparing for their upcoming Fourth of July celebrations, the city of Mobile, Alabama, was celebrating a historic economic development announcement. Their celebration centered on the July 2012 announcement by the French aircraft manufacturer Airbus that it would be making a capital investment of $600 million to locate its first U.S. manufacturing facility in this Alabama port city," the magazine stated.
Trade & Industry Development, a leading magazine dedicated to site selection, announced today that Airbus is one of the winners in its 8th annual CiCi (Corporate Investment & Community Impact) Awards.
The company was one of only thirty selected from across the United States out of hundreds of submissions. Airbus was named a winner because of the tremendous transformation the company will have on the city of Mobile.
The 30 corporate recipients of the 2013 CiCi Awards made public declarations in 2012 of their plans for economic development that collectively will create and retain more than 35,250 jobs, and result in total corporate investment in excess of $16 billion. (This data is provided by respondents and public announcement and includes estimations of future growth.)
"The 30 companies recognized by our 8th Annual CiCi Awards represent extraordinary investment in corporate development in a variety of industry segments across the United States. In fact, seven of this year's recipients have announced plans to individually invest $1 billion or more," said Scott D. Swoger, publisher, Trade & Industry Development magazine, and president of its parent company Due North Consulting, Inc.
"These major investments provide a clear snapshot of where and in which industries growth is occurring today," Swoger continued. "Each of the investments to be made by Trade & Industry Development's 8thAnnual CiCi Award recipients will be transformational for the communities in which the projects will be located."
The CiCi Awards are unique in that in addition to commemorating the largest capital investments for development or expansion announced within a designated year, they equally recognize projects for the positive impact they will have on a community, regardless of the amount of money invested by the corporation.
Among the criteria considered for CiCi recognition in the Community Impact division are the number of jobs created and/or retained, area unemployment figures, average income level of the region, area plant closings or decline in industry segments, and the creation of new industry segments with employment opportunities, among others.
To arrive at the selection of the 8th Annual CiCi Award recipients, Trade & Industry Development editors considered several hundred announcements of corporate economic development made during 2012.