CEO Update
To our Investors and Partners,
2020 has arrived. It is hard to believe we have stepped into another decade, yet here we are. While our team looks ahead to what the new year has in store, I’d like to take a moment to revisit the accomplishments of 2019. The Right Place 2017-2019 Strategic Plan officially came to a close, and with it, we found ourselves exceeding the aggressive goals for new capital investment, new and retained jobs, and new and retained payroll that we set out to achieve three years prior:
CAPITAL INVESTMENT Goal: $500 million Actual: $832.5 million
NEW AND RETAINED JOBS
NEW AND RETAINEDPAYROLL Goal: $150 million Actual: $309.9 million
Goal: 4,200 Actual: 5,198
The 2017-2019 Strategic Plan finished on a high note, with the completion of 21 business development projects in 2019 that totaled over $272 million in new capital investment, 1,597 new and retained jobs, and over $145 million in new and retained payroll. These results have far surpassed our expectations, and we could not be more pleased with the levels of growth the Greater Grand Rapids Region has experienced. We have already begun executing on our 2020-2022 Strategic Plan. We look forward to sharing the details with you at our next Investor Breakfast on February 5th. We encourage you to bring other members of your team to this event. Registration details are on page 19. We are thankful for your continued partnership as we enter this new decade. It is only with the support of our investors and community partners that we are able to create such a sizeable impact on our region.
Wishing you a successful 2020,
Birgit M. Klohs President & CEO The Right Place, Inc.
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LETTER FROM THE PRESIDENT
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