For four straight years, Site Selection magazine has named the Michigan Economic Development Corporation (MEDC) one of the top 10 development groups. The MEDC is the only development group in the Midwest to receive the top 10 ranking.
The magazine’s annual ranking, in the May 2002 issue, singles out the “the crème de la crème” of development groups. These groups are proof that when the customer is king in today’s hotly competitive business environment, the bottom-line results are significant.
“We refuse to be complacent continuing to offer innovative, often imitated economic development initiatives every year,” said Doug Rothwell, president and CEO of the MEDC.“This award recognizes our cutting edge approach.”
In addition to the number, size and value of new business expansions for 2001, the magazine also pointed to the MEDC’s new Smart Zones program and the development of technology-based industry clusters as reasons for the top 10 designation.
“Each year we select the top 10 groups through a number of criteria, including new corporate capital investment and new jobs, plus per-capita capital investment and per-capita new jobs,” explains Mark Arend, Site Selection editor. “The per-capita measures are used to provide a balanced perspective on the accomplishments of development organizations serving smaller service areas, such as a single city or county.We also reviewed nominations for outstanding customer service, both before and after the sale, and for leadership, innovation and new value-adding programs and services.”
To view the complete top 10 development group article, visit Site Selection’s website at www.siteselection.com on May 1.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
Site Selection magazine’s Top 10 Development Groups
· Broomfield Economic Development Corp.(Broomfield, Colo.)
· Greater Oklahoma City Chamber of Commerce (Oklahoma City, Okla.)
· Investissement Quebec (Montreal, Quebec)
· Kentucky Cabinet for Economic Development (Frankfort, Ky.)
· Michigan Economic Development Corp. (Lansing, Mich.)
· Mooresville-South Iredell (N.C.) Chamber of Commerce (Mooresville, N.C.)
· North Carolina Dept. of Commerce (Raleigh, N.C.)
· Tennessee Dept. of Economic and Community Development (Nashville, Tenn.)
· Pittsburgh Regional Alliance (Pittsburgh, Penn.)
· Virginia Economic Development Partnership (Richmond, Va.)