Trade & Industry Development magazine named General Motors as a recipient of their 12th annual CiCi Award for Community Impact. GM was selected out of hundreds of project submissions from all across the US. This is the second year in a row GM has been recognized by Trade & Industry Development for economic development activity. In 2016, the Corvette Assembly Plant in Bowling Green received a CiCi Award for Corporate Investment for the $439 invested for facility upgrades and expansion plans in 2015.
Trade & Industry Development’s 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, often transformational, impact they will have on a community, regardless of the amount of money invested by the corporation.
"It’s impossible to overstate how much we value our excellent and mutually beneficial relationship with the community. We do here what General Motors does everywhere it operates, and that’s provide good quality jobs in manufacturing, one of the most important sources of economic growth and prosperity,” said Kai Spande, GM’s Bowling Green Assembly plant manager. "An investment like this is not a short-term project. It demonstrates GM’s long-term commitment to the community of Bowling Green and to the Commonwealth of Kentucky.”
GM holds the title for largest capital investment project in Kentucky in 2016 ($290 million), following 2015’s $439 million investment as the second largest capital investment project in the state. Over the last five years, GM has invested nearly $1 billion in South Central Kentucky.
“Bowling Green has been the exclusive manufacturer of the Chevrolet Corvette since 1981 and with more than 1.6 million cars produced since 1954, Corvette is the world’s longest-running, continuously produced passenger car,” said Chamber President & CEO Ron Bunch. “Over the last 36 years, GM has provided jobs to thousands of people in our community, surrounding area and beyond. Thank you to GM and to Trade & Industry Development for recognizing the impact the Corvette Assembly Plant has on our community.”
In addition to GM’s 2016 expansion investment, the project will create 270 jobs over the next few years. According to latest reports, GM employs more than 1,000 people. It is the second largest automotive-related manufacturing employer in the 10-county South Central Kentucky region.
“Bowling Green is known for many things, but none as notable as being home to the Corvette,” said Bowling Green Mayor Bruce Wilkerson. “GM’s Corvette Assembly Plant has a bright future in our community. Their investment in the facility is a demonstration in their faith in Bowling Green. We look forward to many years of continued success.”
“Not only does GM provide jobs to hundreds of our people, but the assembly plant brings thousands of sports car enthusiasts from all around the world to our community. Together with the National Corvette Museum and the Motorsports Park, car enthusiasts and tourists alike flock to our community, stay in our hotels, eat at our restaurants and shop in our stores,” said Warren County Judge-Executive Mike Buchanon. “Thank you to Trade & Industry Development for recognizing GM for their extraordinary impact on our community.”
For more information about the 12th Annual CiCi Awards visit www.tradeandindustrydev.com.So far in 2017, the Bowling Green Area Chamber of Commerce has announced a total of $86.73 million in capital investment and 283 new jobs. In 2016, the Chamber announced 15 economic development projects, 703 new jobs and a total capital investment of $463 million – the second largest investment year for South Central Kentucky in the last decade. Warren County finished 2016 with the first and ninth largest economic development announcements in Kentucky.