Monday, February 15, 1999
Michigan Holds on to Governor's CupAttracts New Projects From 1,722 CompaniesGovernor 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 1970s. "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." To qualify for the Governor's Cup, projects must have at least $1 million or more in new investment or re-investment, 20,000 or more square feet of new construction, or they must create 50 or more new jobs. The projects cannot be retail or residential construction. The Governor also announced that the Detroit area ranked number one in new facilities among the nation's metropolitan areas, also for the second year in a row. Michigan ranked number two in the nation for new manufacturing facilities, with 260, according to the magazine. "Our continued success in 1998 is due largely to the business climate that the Governor has worked hard to create since he took office in 1991," said Doug Rothwell, CEO and Department Director of the Michigan Jobs Commission. "We estimate that these new projects will create over 90,000 new jobs as they are completed. That's the bottom line, more good jobs for Michigan residents. We're really surprising people with the strength of our economy.." Michigan's 1,722 projects involve at least $12billion 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. The rest of the top ten are Ohio (1,153), North Carolina (1,044), New York (1,025), Texas (926), Virginia (462), Illinois (448), Florida (430) and Minnesota (402). Of the new projects, 339 were in Oakland County. Wayne County came in second with 305 followed by Macomb with 174, Kent with 172, and Washtenaw with 84.