Acuity Insurance earned the Economic Driver Award from the Wisconsin Economic Development Association (WEDA).
The Economic Driver Award honors Acuity for its commitment to long-term investment in its Wisconsin operations that have a significant economic impact in the community and across the state. The award is part of the Community and Economic Development Awards (CEDA) program established by WEDA to recognize businesses, projects, and organizations that are making significant contributions to Wisconsin’s economy.
“The Wisconsin Economic Development Association and our 400-plus economic development professional members across the state are excited to congratulate Acuity Insurance for winning the Economic Driver award at the 2019 CEDA Awards,” said WEDA Executive Director Brian Doudna. “The well-deserved win recognizes Acuity Insurance’s long-term investment in Sheboygan and Wisconsin and the significant economic impact the company has had in their community.”
“We are tremendously honored and proud to receive the Economic Driver Award,” said Ben Salzmann, Acuity President and CEO. “This reflects our commitment to the state of Wisconsin as well as our mission of service to our customers and community and to helping people rebuild shattered lives.”
Acuity has grown in Wisconsin and throughout its operating territory at a rate that eclipses the rest of the insurance industry, doubling its top-line revenue in the past eight years and adding $225 million to top-line revenue in just 24 months. In addition, Acuity is an integral part of the Sheboygan community with a long history of charitable efforts, including donating over $3 million to charitable organizations in 2019.
The company’s impact on the community and state also includes its recent completion of a $250 million, privately financed expansion of its Sheboygan headquarters, doubling the size of total building space to over 1.2 million square feet. The project retained the local Acuity Insurance workforce and created new jobs that will help ensure the company’s long-term economic impact in the area. Acuity hired more than 1,000 people over the past seven years through organic growth.