updated: 12/9/2009 3:13:51 PM
The Greater Kokomo Development Alliance (GKEDA) has received more than $82,000 from the Walmart Foundation for a program to link businesses and increase economic development. The "Linking Supply Chain Management with Emerging Economies" is a partnership with Purdue University's Krannert School of Management's Global Supply Chain Management Center. GKEDA President Jeb Conrad says it will provide a unique tool for existing and new business recruitment.
Source: Inside INdiana Business
KOKOMO, Ind. – December 2009 – The Walmart Foundation awarded the Greater Kokomo Economic Development Alliance (GKEDA) $82,500 for a program designed to link businesses and increase economic development. The grant will help fund the “Linking Supply Chain Management with Emerging Economies” project, which is managed in partnership with Purdue University’s Krannert School of Management’s Global Supply Chain Management Center.
The project being funded started as a research idea between two faculty members, Professor Avi Kak and Dr. Ananth Iyer, but evolved into a partnership with GKEDA through the enthusiasm and efforts of Jeb Conrad, president and CEO of GKEDA, and the coordination efforts of the Managing Director of the Global Supply Chain Management Initiative, Mary Pilotte.
“The Alliance is excited about leading this partnership program that will provide us with a unique and distinguishing tool for both existing and new business recruitment,” said Jeb A. Conrad.“We could not launch this program without the commitment from the Walmart Foundation, Purdue University and the City of Kokomo.”
“This is a key program that will continue the effort to move Kokomo towards diversifying our economy,” stated Mayor Greg Goodnight, City of Kokomo. “The city is appreciative of the Walmart Foundation investment, and supports GKEDA and Purdue University for their leadership on this project.”
“Walmart is pleased to support the Greater Kokomo Economic Development Alliance in this program,” said Jason Wetzel, senior manager of public affairs for Walmart in Indiana. “Linking businesses to valuable resources within the community and elsewhere will strategically assist in economic development. This is Walmart’s way of continuing to serve the community by giving back to help build a strong economic business infrastructure.”
Supply Chain Transformation Focuses Attention on Kokomo Capabilities
“Supply Chain Transformation” is a system to showcase the capabilities of companies in Greater Kokomo by presenting their supply chain capabilities as groups of companies with abilities to produce complex products. Such complex capabilities could be attractive to original equipment manufacturers that may be considering the greater Kokomo region as a manufacturing location.
“The Global Supply Chain Management Center at Purdue’s Krannert School of Management is honored to have the opportunity to forge a deeper relationship with the GKEDA and the business community around the Kokomo region,” said Dr. Anath Iyer, Susan Bulkeley Butler Chair in Operations Management and the Director of Dauch Center for the Management of Manufacturing Enterprises and Global Supply Chain Management Initiative at the Krannert School of Management. “The partnership that has unfolded between our Centers, and Jeb Conrad’s team has provided rich insights into economic development issues and opportunities to engage students and faculty from Purdue University and the Krannert School of Management, to assist in the economic success of local communities. The financial support of the WalMart foundation in forging such partnerships is deeply appreciated.”
Walmart State Giving Program Contributes More Than $837,500 in Indiana
Within the last year, the Indiana State Giving Program awarded more than $837,500 to local organizations such as Salvation Army, Down Syndrome Indiana, Indiana Recycling Coalition, Keep Indianapolis Beautiful, Tri-State Food Bank, FBI/AFCA Child Identification Program and the Greater Fort Wayne Chamber of Commerce. In Indiana, a team of local associates determine needs within each state, review eligible grant applications and make funding recommendations to the Walmart Foundation.
To be considered for support, prospective grantee organizations must submit applications through the Walmart Foundation State Giving Program’s online grant application. Eligible applicants must have a current 501(c)(3) tax-exempt status in order to meet the program’s minimum funding criteria. Additional information about the program’s funding guidelines and application process are available online at www.walmartfoundation.org/stategiving.
From February 2008 through January 2009, the Walmart Foundation awarded more than $423 million in cash and in-kind gifts, an $85.6 million increase over its global giving in the previous year. Walmart’s FYE 2009 giving breakdown:
-In the U.S., Walmart gave more than $378 million in cash and in-kind gifts, up from $296 million in 2007.
-In international markets, Walmart gave $45.5 million in cash and in-kind gifts, up from $41 million in 2007.
-Globally, Walmart’s customers and associates gave more than $106 million through in-store giving programs that benefit local charities.
In total, Walmart, its Foundations, its customers and its associates supported communities around the globe with nearly $530 million in charitable contributions during FYE 2009.
In Indiana, Walmart operates more than 124 facilities employing 40,321 associates. It’s Walmart and Sam’s Club stores gave more than $7.3 million in cash and in-kind donations to local causes and organizations in the communities it serves in Indiana. With additional funds raised through stores and Clubs in Indiana, Walmart contributed a total of $10.4 million as a result of its Indiana presence. The company paid more than $45.4 million in Indiana state and local taxes in fiscal year ending in 2008.
About Philanthropy at Walmart
Walmart and the Walmart Foundation are proud to support the charitable causes that are important to customers and associates in their own neighborhoods. Through its philanthropic programs and partnerships, the Walmart Foundation funds initiatives focused on creating opportunities in education, workforce development, economic opportunity, environmental sustainability, and health and wellness. From February 1, 2008 through January 31, 2009, Walmart – and its domestic and international foundations – gave more than $423 million in cash and in-kind gifts globally. To learn more, visit www.walmartfoundation.org.