Columbus region No. 8 – and Ohio No. 2 – for corporate investment, Site Selection finds

Columbus region No. 8 – and Ohio No. 2 – for corporate investment, Site Selection finds

  March 1, 2017

The Columbus region, and Ohio as a whole, are being recognized among the country’s top locations for corporate investment.

Site Selection magazine has released its closely watched annual report tracking new and expanded business facilities, ranking the Columbus region No. 8 among metro areas, and Ohio No. 2 among states.

It’s the fifth year in a row that Columbus made the top 10, based on the number of corporate projects in 2016.

“The Columbus region’s continued presence on this list is a testament to the hard work that our community does to grow and attract companies,” Kenny McDonald, president and chief economic officer of Columbus 2020, said in a press release.

Site Selection counted 87 projects in Central Ohio that met one of the list’s three criteria: Involves a capital investment of at least $1 million, creates at least 20 new jobs, or adds at least 20,000 square feet of new floor area.

Among Ohio metros, greater Cincinnati fared better with 127 such projects.

Chicago was tops nationally for metro areas of 1 million or more people, with 424 projects.

At the state level, Ohio’s 515 new projects trailed only Texas, which earned Site Selection’s Governor’s Cup award with 642 projects.

“We appreciate the hard work and collaboration of our regional network and local economic development partners throughout the state that have again helped make Ohio a top state for attracting jobs and investment,” JobsOhio President John Minor said in a separate press release.

JobsOhio also touted the performance of smaller Ohio cities in Site Selection’s rankings. Among the country’s 575 micropolitan areas with populations between 10,000 and 50,000, Findlay ranked No. 1 with 22 projects. Wooster was third at 17, and Celina, Defiance and Portsmouth tied for 10th with six.

Dayton and Toledo were among the nation’s best-performing areas with populations between 200,000 and 1 million.

Site Selection’s rankings are available here.

The Atlanta-based magazine has awarded the Governor’s Cup since 1988, with Conway Data Inc. tracking projects.

By | 2018-05-02T12:56:31+00:00 June 28th, 2017|In the News|0 Comments