CoreNet Global Names Three Winners of Economic Development Leadership Awards

CoreNet Global Names Three Winners of Economic Development Leadership Awards

Press Release
May 27, 2004

Greater Oklahoma City Chamber, New York's Hudson Valley EDC and
Australia TradeCoast Receive Prestigious Awards at
CoreNet Global Summit in Chicago

CHICAGO (May 27, 2004) -CoreNet Global, the international association of corporate real estate professionals, presented its prestigious Corporate Real Estate Leader Magazine Economic Development Leadership Award to three groups at the forefront of innovation in local economic development. The awards were presented at CoreNet Global's recent Chicago Summit.

Award sponsor Bruce Donnelly of Global Direct Investment Solutions (www.gdi-solutions.com ) joined CoreNet Global Chairman Sean McCourt (Ford Land) in presenting special plaques to the winning organizations:

  • Australia TradeCoast
  • New York's Hudson Valley Economic Development Corporation
  • The Greater Oklahoma City Chamber of Commerce

Australia TradeCoast (www.australiatradecoast.com)
Australia TradeCoast is a partnership between the Department of State Development and Innovation, the City of Brisbane's Office of Economic Development, the Port of Brisbane Corporation and Brisbane Airport Corporation. The cooperation has resulted in the coordination of the priority medium- and long-term infrastructure requirements to complement growth, 35 projects beginning construction in the region in the last year, and the creation of a framework within which the partners can effectively market Australia TradeCoast as a preferred destination for business investment.

Bronwynne Bandiera, Manager, Australia TradeCoast said, "The precinct's success so far is a clear indication of what can be achieved when government and private organizations come together to work towards a shared vision."

Greater Oklahoma City Chamber of Commerce (www.okcchamber.com)
The Greater Oklahoma City Chamber of Commerce (GOCCC) has a large task in supporting 39 economic development agencies in a 10-county region. The Corporate Real Estate Leader applauds the GOCCC in its implementation of www.okcedis.com, a web-based geographic information system technology (GIS) that enhances the process of real estate and economic development by providing detailed local, regional and national data that facilitates faster and more informed site selection analysis.

"This tool is important because it shows the power of our 10-county partnership in working together for this region," explained Roy Williams, President of the GOCCC. "When you combine the ability to search for any available property in the region with sophisticated demographic and economic data, and with more than 39 economic development organizations working together in a client-focused service delivery model, we provide a higher level of service than almost any other region."

New York's Hudson Valley Economic Development Corporation (www.hvedc.com)
The Hudson Valley Economic Development Corporation is an alliance between the Empire State Development Corporation, Hudson River Valley Greenway, Scenic Hudson, and economic development agencies in eight counties around the Hudson River. The public-private partnership, launched on July 10, 2003, focuses on economic development and environment preservation.

"This is a significant award for the Hudson Valley because it underscores the importance of economic development and environmental protection working hand in hand. We're committed to building on our thriving business base, while preserving the region's natural beauty that has inspired generations of poets, painters and presidents," said Anthony Campagiorni, President and CEO of the Hudson Valley Economic Development Corporation.

Awards Criteria
Nominees were asked to illustrate recent examples of leadership and accomplishment in economic development. Examples of leadership and accomplishment could take many forms, including:

  • Creating new strategies to compete in the new century
  • Overcoming long-standing obstacles to progress
  • Creating diverse, effective community teams to address challenges
  • Attracting major new corporate facilities and jobs
  • Creating effective business-retention programs
  • Developing web-enabled databases and other tools

Nominations were reviewed and winners were selected by the Corporate Real Estate Leader's Editorial Advisory Committee which made its evaluations based on leadership, accomplishment, lessons learned or guidelines for others, and the quality and clarity of the nominations.

"Our sponsorship reflects our focus on sharing local knowledge to introduce services and business location information to investors. The awards just don't simply reflect the popularity or visibility of an area, or recent investment activity. The awards also recognize leadership and accomplishments as gauged by actual performance of delivering a high level of value as economic development professionals for their communities including their impact on present and future corporate investment," Donnelly commented.