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“To foster, encourage, promote, aid or otherwise assist in the economic growth and development of the four-county region”
As an organization we value honesty, respect, integrity, trustworthiness, openness and reliability. We use the strengths and opportunities of the four-county region to build collaborative efforts for the benefit of the whole.
As employees, we each uphold high ethical standards in all aspects of our work. Through continuous self-improvement, we strive to be ready and responsive. We hold ourselves accountable to our investors, clients and board members, providing results and working to ensure the success of the Iowa Lakes Corridor region.
About the Corridor
The Iowa Lakes Corridor Development Corporation (formerly the Great Lakes Corridor of Opportunity) was organized in 1992 to foster encourage, promote, assist or otherwise aid economic growth and development in the Iowa counties of Clay and Dickinson. In late 2005, Emmet County became a part of the region and in January 2006, Buena Vista County joined the region. Watch our special 20th anniversary video here.
The Corridor recently received the Silver Shovel Award from the Iowa Area Development Group. The Silver Shovel Award, in honor of the IADG’s 25th silver anniversary, is an award based on merit. A copy of the Corridor’s 2012-2013 annual report can be viewed here: 2012-2013 Annual Report
The organization is a 501(c)6, non-profit organization in the State of Iowa. The Iowa Lakes Corridor is governed by a 12-member board of directors who set policy and direction for the organization. The board of directors is responsible for the hire of the President and CEO of the Iowa Lakes Corridor. The Corridor currently receives funding from the public and private sector. The total annual budget is approximately $600,000. The Iowa Lakes Corridor has two full-time and two part-time, professional staff members with a central office located in Spencer.
The Iowa Lakes Corridor Board of Directors consists of three representatives of each of the four counties in the region, including Buena Vista, Clay, Dickinson and Emmet counties. Board members serve three-year terms and are elected by the membership through a nominating committee each year. Iowa Lakes Corridor board members must be a representative of a member/investor organization.
Officers include a chair, vice chair and treasurer. Officers are elected by the Iowa Lakes Corridor Board of Directors. The chair serves a two-year term.
Iowa Lakes Corridor Board of Directors and Officers:
Val Newhouse, Treasurer, Iowa Lakes Community College, Estherville
Richard Drahota, Immediate Past Chair, Mills Financial Marketing, Storm Lake
Bill Bumgarner, Spencer Hospital, Spencer
Larry Anderson, City of Estherville
Dave Woodcock, Farmers Trust & Savings Bank, Spencer
Barry Sackett, Sackett Law Firm, Spencer
Rick Oleson, Iowa Lakes Electric, Estherville
Fred Moore, Buena Vista University, Storm Lake
Pat Reno, RANCO Fertiservice, Sioux Rapids
Mary Kay Bates, Bank Midwest, Spirit Lake
Back row, left to right: Dave Woodcock, Val Newhouse, Mary Kay Bates, Brad Simington, Steve Pick, Pat Reno, & Barry Sackett.
Front row, left to right: Fred Moore, Rick Oleson, Larry Anderson, Dick Drahota, & Bill Bumgarner,