Thursday, March 02, 2006
Michael Shore, MEDC
Leads All Others in Site Selection's Cumulative Ranking
Governor Jennifer M. Granholm announced today that Michigan was fourth in the nation for major new corporate facilities and expansions in 2005, and remains the national leader after nine years of tracking by Site Selection
Site SelectionSite Selection
Between 1997 and 2005, Michigan welcomed a total of 11,387 major new developments and is the only state in the nation to top the 11,000-project mark since Site Selection began gathering the data. Over the nine-year period, Michigan has gained nearly twice as many new facilities and expansions as Texas and 3,400 more than second-place California. In addition to the impressive state ranking, the Detroit metro area was named the fourth-best metro area in the nation with 208 projects.
Major expansion projects in 2005 included: Hyundai-Kia Technical Center in Superior Township, Toyota Technical Center in York Township, Hemlock Semiconductor in Thomas Township, Detroit Diesel in Redford Township, and Smiths Aerospace in Grand Rapids.
The fund will support commercialization, capital investment and commercial lending in the areas of life sciences, alternative energy, advanced manufacturing and homeland security and defense.
Site Selection magazine every year.
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. For more information on MEDC initiatives and programs, visit the Web site at www.michigan.org.
|New Major Corporate Facilities and Expansions 1997-2005*|
|New Major Corporate Facilities and Expansions 2005*|
|*As verified by Site Selection magazine|
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