Monday, February 15, 1999
Governor John Engler today announced that Site Selection magazine has named Michigan the number one state in the nation for new plants and expansions for the second year in a row. Michigan held on to the economic development publication's coveted "Governor's Cup" award by attracting 1,722 new projects to the state in 1998, more than any other state in the history of the magazine's rankings. The magazine has kept track of the economic development statistics since the early 1970's. "Winning is half the battle, but staying on top is the true challenge and we were able to do that in 1998. As a result Michigan is still Jobzilla," said Governor Engler. "From our economic stronghold on the auto industry to our prospering IT industry, Michigan has proven that we are able to compete with states like North Carolina and California, and still come out on top." Michigan's 1,722 projects involve at least $12 billion in new investment. The total value of investment, however, likely tops $16 billion, as 28 percent of projects did not report investment figures. The state outpaced runner-up California, which had 1,673 projects.