SIOUX CITY—SIOUXLAND COMPANIES HAVE PUT THEIR EXPANSION PLANS ON HOLD, BUT CONTINUE TO MAINTAIN AND INCREASE SALES.
THOSE WERE THE RESULTS OF THE 2009 BUSINESS RETENTION REPORT CONDUCTED BY THE SIOUXLAND INITIATIVE.
VICE PRESIDENT JOSEPH WRIGHT SAYS ROUGHLY 50 INTERVIEWS WERE HELD WITH AREA COMPANIES THAT SHIP GOODS AND SERVICES OUT OF THE COMMUNITY AND BRING REVENUE BACK IN.
WRIGHT SAYS LAST YEAR, COMPANIES WERE PLANNING TO SPEND $370-MILLION IN EXPANSION PROJECTS.
THAT NUMBER DROPPED TO $10-MILLION THIS YEAR.
THOSE SURVEYED SAID EMPLOYEE WORK ETHIC, LOCAL POSITIVE BUSINESS CLIMATE AND LOW TRANSPORTATION COSTS ARE KEY ADVANTAGES DURING THIS ECONOMIC DOWNTURN.
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