Before describing the history of the CIDC after 1964, the perspective of Clyde in the early 1960's should be presented since that period set the tone of the CIDC's management style. In the 1950's Clyde had an active flourishing General Electric plant. It hired 300+ employees and was known as "The Germanium Diode Capital of the World" - an early solid state electronic device. In the early 1960's General Electric decided to close the plant and consolidate their activities in other cities. GE subsequently gave the plant to a local business group (which became the CIDC) as it moved. As you could surmise the closing of the plant was a devastating action to a small rural community of 2400 people.

Next the Auburn Plastics building was sold to Thomas Electronics of New York. Following the TE sale, a building on the opposite side of Davis Parkway was built and sold to Galen, Inc. Another important industry that was started with the help from the CIDC was LSW Industries. They deserve recognition because not only were they a new startup but they also had a specific goal to hire persons that were thought to be incorrigible. LSW is still a growing solid business in Clyde with 35 employees. All of the above activities occurred during the 1970's with the CIDC reinvesting the proceeds obtained from the sale of the previous building and/or investment. In the 1980's the CIDC built another building which has been in use since 1996. In parallel the CIDC purchased a building on Glasgow St. and sold it to a couple for use as the Clyde Athletic Club.

In the past 3 years, increased focus and emphasis has been placed on community industrial development and community prosperity by the CIDC. Decisions were made to support 2 new businesses downtown, 1 business in the Industrial Park and considerations are in progress for 2 additional candidates for the Industrial Park. Overall the CIDC has had a very positive impact on the economy of Clyde because the industries that have been located here have been, by and large, very successful entities. They have hired locally and been stable, long service, and influential factors in our community.