CoreNet Global, the world’s leading professional association of corporate real estate executives, announced four winners of the 5th Annual Economic Development Leadership Awards at the CoreNet Global Summit in Denver.
Hickey & Associates client Lockheed Martin was the winner of the “2007 Economic Development Leadership Award for Major Projects/Deals”
In the following statement, CoreNet Global outlined the significance of the multi-state deal:
“Lockheed Martin Corporation and Colorado, Florida, Louisiana, Texas Value Circle – Lockheed Martin placed a high importance on economic development incentives as a contract discriminator for the $5 billion Orion Spacecraft contract award and created a Capture Team to work with prospective communities. The result was an Economic Development Public/Private Partnership with three states (Florida, Texas, Louisiana and Colorado) that reduced the contract bid cost by approximately $50 million.”
As a Service Provider to Lockheed Martin, Hickey & Associates congratulates all the parties involved.