Nebraska named winners of Site Selection Magazine's Governor's Cup Awards
Nebraska have won the 2017 Site Selection Governor's Cups. This is the fifth year Site Selection recognizes the state with the most qualifying new and expanded facilities per capita, which Nebraska claims for its capital investment activity in 2017.
The 64-year-old Atlanta-based magazine has awarded the Governor’s Cup annually since 1988, based on new and expanded corporate facilities as tracked by the proprietary Conway Projects Database. Site Selection, published by Conway Inc., is the senior publication in the corporate real estate and economic development fields and is the official publication of the Industrial Asset Management Council (IAMC, at www.iamc.org). Site Selection's yearly analyses are regarded by corporate real estate analysts as "the industry scoreboard." The magazine's circulation base consists of 48,000 subscribers, most of whom are involved in corporate site selection decisions at the CEO/President/COO level.
In the per capita (per 1 million population) contest, Nebraska’s tally of 110 projects was nine higher than the year before. Second-place Kentucky had a higher tally too, up by 17 projects to 248. In addition to placing No. 2 in the traditional rankings, Ohio placed third in the per capita race, followed by Illinois, Georgia and Iowa.
“The Governor’s Cups recognize not only the winning governors, but their entire economic development teams, and by extension, the many professionals throughout their states who work every day to attract new investment and retain and grow existing businesses,” says Mark Arend, editor in chief of Site Selection. “Governors Abbott of Texas and Ricketts of Nebraska credit their states’ workforces as their competitive edge and are taking steps to ensure their supply of labor continues to meet the requirements of investing businesses now and in the future.”
Site Selection’s Conway Projects Database focuses on new corporate facility projects with significant impact, including headquarters, manufacturing plants, R&D operations and logistics sites, among others. 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 20 new jobs or (c) add at least 20,000 sq. ft. (1,858 sq. m.) of new floor area.