Home / BUSINESS / IVEDC’s XVII Annual Dinner Highlights Impressive Economic Growth in Imperial Valley

IVEDC’s XVII Annual Dinner Highlights Impressive Economic Growth in Imperial Valley


On January 18th, the Imperial Valley Economic Development Corporation (IVEDC) hosted its much-anticipated 17th Annual Dinner at the Del Rio Country Club in Brawley, California. The event, attended by the business community and public sector, celebrated upcoming projects poised to enhance the community’s quality of life.

As the county’s official economic development organization, IVEDC has been pivotal in driving economic growth and diversification in the region. The gathering brought together partners, investors, and community leaders to commemorate the achievements of the past year, reinforcing a shared commitment to expanding and diversifying the economy for the benefit of the entire Imperial Valley community.

CEO Tim Kelley reported, “It’s been a very busy year, with close to $45 billion in investment. That’s pretty much from the south to the north. Everybody in the county is going to benefit from that.” He highlighted exciting developments at the East Port of Entry and Lithium Valley, anticipating new taxes and job creation.

Despite Imperial Valley’s size, Kelley emphasized their ability to attract investment. Executive Committee member Tom DuBose noted significant developments in lithium, geothermal, mineral extraction, biofuel projects, and the positive impact of nearshoring and onshoring activities in Mexico.

The IVEDC dinner expressed gratitude to individuals and organizations crucial to its mission. Focused on expanding and diversifying the local economy, IVEDC forged alliances with private enterprises and local government, stimulating industries like agriculture, energy, data centers, and aerospace.

The evening began with a reception, facilitating networking and meaningful conversations. A delightful dinner provided a backdrop for reflecting on the milestones achieved in economic development. IVEDC presented awards recognizing outstanding contributions, including:

– Initiative of the Year: Border Region Talent Pipeline

– Volunteer of the Year: Orlando Foote

– Investor of the Year: SoCalGas

– Project of the Year: Calexico Gateway Project

The highlight was the keynote address by Larry J. Kosmont, Chairman and CEO of Kosmont Companies, a distinguished industry leader with over three decades of experience. His insights provided valuable perspectives on advancing economic growth in the Imperial Valley.

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