Thursday, August 10, 2000
Corporation is the Only State Development Agency to Make the ListA recent issue of Site Selection magazine designated the Michigan Economic Development Corporation (MEDC) as one of the top ten development groups in the nation.The MEDC was the only state economic development agency to make the magazine’s list. The magazine’s annual ranking singles out the “the crème de la crème” of development groups.These are groups that have become partners with their corporate clients and provide consummate customer service.“The MEDC's numbers for 1999 are by themselves indicative of first-class economic development work,” said Jack Lyne, executive editor of Site Selection magazine.“But the MEDC has also been forward thinking in its commitment to working with its corporate clientele as more of a consultant, continually assessing their needs and customizing resources to meet those needs. The state-local partnership that's at the heart of MEDC is also an innovative step - and one that's undoubtedly contributed to the organization's obvious success.”A primary reason the MEDC made the magazine’s top ten list is the corporation’s tremendous success in 1999 with $11.2 billion in new investment and 23,163 new jobs in the state.The magazine singled out General Motors’ plan to build a $500 million factory in Lansing as the MEDC’s biggest 1999 accomplishment.“The MEDC strides forward can be directly attributed to our strong partnership with local developers and the business community,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“Another key ingredient is that we refuse to be complacent.We are preparing Michigan to become a player in the new economy.Our revolutionary high-tech initiatives, TechZones, new life sciences corridor and strong base of advanced manufacturing firms will help ensure the MEDC remains among the elite development agencies.” The Michigan Economic Development Corporation works in partnership with local communities and Michigan businesses to retain and expand job opportunities and improve Michigan’s overall business climate.Site Selection ‘s Top Development Groups (alphabetical order)Ardmore Development Authority, Ardmore, Okla. Broomfield Economic Development Corp., Broomfield, Colo. Chattanooga Area Chamber of Commerce, Chattanooga, Tenn. Dutchess County Economic Development Corp., Poughkeepsie, N.Y. Greater Houston Partnership, Houston, Texas Greater Tampa Chamber of Commerce/Committee of 100, Tampa, Fla. Michigan Economic Development Corp., Lansing, Mich. Prince William County Dept. of Economic Development, Manassas, Va. Puerto Rico Industrial Development Co., Hato Rey, Puerto Rico Tri-County Economic Development Corp., Covington, Ky.