QUAD CITIES CHAMBER: Regional economic development projects recognized by national magazine
Quad Cities Chamber recently issued the following announcement.
Recent investment in the Quad Cities metro region has been recognized by Site Selection Magazine as part of its 2017 Governor’s Cup Awards. The economic development magazine annually ranks metropolitan and micropolitan areas by number of projects per capita and by number of projects.
Nationally, Sterilite Corp. in Davenport tied for #4 in Top Projects in the Country by Size (2.5M SF). In early April Sterilite began production at its new facility in northwest Davenport with construction still continuing on its manufacturing plant.
The Quad Cities and Clinton metro areas achieved high rankings in the Big Muddy Cup, awarded to the top metro area by corporate facility projects per capita along the Mississippi River corridor calculated over an 18-month period ending with the previous calendar year. In the Big Muddy Cup division, the Davenport-Moline-Rock Island area ranked #6 in the Top Metros by Total Projects. Clinton, Iowa ranked #5 in Top Metros by Projects per Capita.
“Our region’s ability to attract significant investments in the competitive field of economic development speaks volumes to the strong public-private partnerships and a laser focus on putting the Quad Cities atop the competition for talent, jobs, corporate investments and opportunities,” Liz Murray Tallman, Chief Economic Development Officer for the Quad Cities Chamber, said of the rankings.
Both Illinois and Iowa received recognition for their statewide development activity as well. lllinois was ranked #3 for Top States by Number of Projects as well as #4 for Top States by Projects per Capita. Iowa ranked #6 for Top States by Projects per Capita.
Awards are based on growth in the industries of manufacturing, call centers, headquarters, data centers, distribution warehouse, office, and research and development. To qualify toward the project count, expansions must include new construction and meet one or more of the following: 20 or more new jobs created, 20,000 square feet or more in new square footage, and an investment of $1 million or more in construction cost, land, building or employees.
In 2017, companies in the six-county region of Scott, Clinton and Muscatine in Iowa, and Rock Island, Mercer and Henry in Illinois, invested $226.67 million and created 662 jobs within the awards criteria.
View the full list of national and metro rankings at https://siteselection.com/issues/2018/mar.
Original source can be found here.