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Michigan Economic Development Corporation Named One of the Top 10 Development Groups in the Nation

Wednesday, May 02, 2001

May 2, 2001

Contact: Jennifer Kopp
(517) 335-4590

Michigan Economic Development Corporation Named One of the Top 10 Development Groups in the Nation

Corporation is the Only Midwestern Group on the List

Site Selection magazine has named the Michigan Economic Development Corporation (MEDC) one of the top 10 development groups in the nation.The MEDC was the only development group in the Midwest that made the magazine’s top 10.

The magazine’s annual ranking, in the May 2001 issue, single out the “the crème de la crème” of development groups.These groups, including the MEDC, are proof that when the customer is king in today’s hotly competitive business environment, the bottom line results are significant.

A primary reason the MEDC made the magazine’s top 10 list is the corporation’s tremendous success in 2000, with $4.2 billion in new investments and 24,473 new jobs in the state.The article stated, “If you’re named the winner of Site Selection’s Governor’s Cup for the fourth year in a row, it only makes sense to be named one of the magazine’s top 10 Economic Development Groups of 2000.”

“The MEDC’s success 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 continue to introduce and support innovative initiatives, like Renaissance Zones, SmartZonessm and our Life Sciences Corridor, that are often duplicated by other states.”

The magazine used the following criteria to decide the top 10 development groups including:

  • Capital investment in the service area within the year 2000;
  • New jobs created in the service area;
  • Capital investment per capita; and
  • New jobs created per 10,000 population.

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
(alphabetical order)

  • Albuquerque Economic Development Inc. (Albuquerque, N.M.)
  • Broomfield Economic Development Corporation (Broomfield, Colo.)
  • Empire State Development Corporation (New York, N.Y.)
  • Franklin County Industrial Development Board (Winchester, Tenn.)
  • Greater Louisville Inc. (Louisville, Ky.)
  • Greater Richmond Partnership (Richmond, Va.)
  • Invest Quebec (Montreal, Quebec)
  • Michigan Economic Development Corporation (Lansing, Mich.)
  • Mississippi Development Authority (Jackson, Miss.)
  • Virginia Economic Development Partnership (Richmond, Va.)