Site Selection magazine’s latest issue includes the annual Governor’s Cup rankings for states attracting the most new and expanded corporate facility projects, but there’s a twist this year – there are two Governor’s Cups being awarded.
The 657 qualifying Texas economic development projects in 2013 helped the Lone Star State win the Site Selection Governor’s Cup yet again.
Qualifying projects are those which have met at least one of the following criteria – project must create 50 or more new jobs; or require a capital investment not less than $1 million; or involve new construction that adds at least 20,000 square feet of space.
Gov. Rick Perry, who is getting his fifth Governor’s Cup, said that states are the laboratories of innovation, and Texas continues to be a beacon of opportunity for job creators and entrepreneurs.
Site Selection editor in chief Mark Arend said that areas compete aggressively for capital investment, and Texas’ latest first-place Governor’s Cup finish is evidence of a highly successful economic development strategy.
Texas was followed by Ohio with 480 projects, Illinois with 383, Pennsylvania with 348, and Michigan with 312 projects.
Illinois Department of Commerce and Economic Opportunity Director Adam Pollet said that moving up to third place in the Site Selection standings is great, but added that they aren’t going to be satisfied until Illinois is number one on the list.
The remaining five states in the top 10 list for number of corporate facility projects in 2013 are Georgia (299), North Carolina (223), Virginia (208), Florida (193) and Tennessee (187).
A new addition this year is a second Governor’s Cup list based on the number of projects per capita (per million). Nebraska topped this list with 109 projects, which means Nebraska Governor Dave Heineman gets the first per capita Governor’s Cup from Site Selection magazine.
Gov. Heineman said he was thrilled that Nebraska has earned the 2014 Governor’s Cup for economic development.
Gov. Heineman also said that he appreciates this new methodology, because the big states will always win if it’s only based on the number of projects, and added that a per capita measure is fairer to small and medium-sized states in that they can feel like they’re making progress.
Catherine Lang, director of the Nebraska Economic Development Department, said that earning the Governor’s Cup over this outstanding field confirms that the hard work of the state’s economic developers in combination with all the amenities Nebraska offers is getting noticed by corporate players in the global economy.
Nebraska was followed on the per capita list by Ohio, which placed second on this list as well. Louisiana was in third place, with Kentucky and Kansas rounding out the top five.
Site Selection also released its list of top metros for new and expanded facilities for 2013. This list was topped by Chicago-Naperville-Elgin, IL-IN-WI for MSAs with populations exceeding one million.
Omaha-Council Bluffs, NE-IA topped the list of MSAs with populations between 200,000 and 1 million. For metro areas with populations below 200,000, the list was topped jointly by the Sioux City, IA-NE-SD; Altoona, PA; and Dubuque, IA metro areas.