Wednesday, March 14, 2012

Greenville Recognized Nationally for Project Development

Site Selection Magazine Places Area Near The top for Micropolitans

DARKE COUNTY- The Greenville Micropolitan area has been recognized again as one of the top areas in the country for development of business projects. Site Selection Magazine, the premier national economic development publication, placed Greenville 21st out of 576 Micropolitan areas in the country for 2011. Greenville was unranked in 2009 and was 41st in 2010. The rankings are based on number of company projects that met specific criteria for capital investment and job creation.

“The rapid rise is a testament to how well our local companies weathered the recession and how well Partnering for Progress has performed assisting company’s projects,” commented Darke County Economic Development Director Marc Saluk. “There is tremendous public-private participation occurring in Darke County.”

The local area’s success helped the entire State of Ohio win the magazine’s award at the state level as Ohio edged Texas to win the 2011 Governor’s cup.

"We were the number one job creator in the Midwest in 2011 and number nine in the United States," says Mark Kvamme, president of JobsOhio. "In 2010, we were 47th in job creation in the United States. The governor built the cabinet and development group that was solely focused on job creation." All five top states, and many others, recorded substantial increases in new plant activity for 2011.

The magazine's project database focuses on new corporate location projects with significant impact. It does not track retail and government projects, or schools and hospitals. New facilities and expansions included in the analyses must meet at least one of three criteria: (a) involve a capital investment of at least US $1 million, (b) create at least 50 new jobs or (c) add at least 20,000 sq. ft. (1,858 sq. m.) of new floor area.

Site Selection Governor's Cup, a 58-year-old Atlanta-based company, has compiled these rankings annually since 1978. The yearly analyses are regarded by corporate real estate analysts as "the industry scoreboard." The magazine's circulation base consists of 44,000 executives involved in corporate site selection decisions, most at the CEO/President/COO level.

The Buckeye State's 498-project finish for 2011 is up substantially from its 376 projects logged in 2010, which put Ohio behind Texas in the last contest. Texas finished second this time around with 464 projects, followed by Pennsylvania (453), North Carolina (310) and Virginia (273). Key to Ohio's resurgence has been the implementation of a business-like approach to economic development at the state level, launched in February 2011 when newly elected Gov. John Kasich created JobsOhio, a public-private partnership that privatizes the development function of the Ohio Dept. of Development.

Interest on the part of capital investors to get busy with expansion plans in general and, in many cases, to move operations back to the U.S.

"Ohio's comeback is impressive, with a better-than-30-percent increase over its performance in the last Governor's Cup facilities race," says Mark Arend, editor in chief of Site Selection. "The state's new approach to working with businesses to locate and expand in Ohio will serve it well as more companies bring operations back to the U.S. and to the Midwest."

No comments:

Post a Comment

Featured Posts

/* Track outbound links in Google Analytics */