Wednesday, March 22, 2017

Site Selection Magazine lists top micropolitans for economic development; Findlay, Ohio No. 1

Findlay, Ohio (Best Places map)
Findlay, Ohio is the nation's top micropolitan for economic development success, according to Site Selection Magazine, which lists the top micropolitans—populations of at least 10,000 but less than 50,000—by number of 2016 projects. Findlay had 22 major business investments and expansions in 2016. Following Findlay are: Cullman, Ala. (19 projects); Wooster, Ohio (17); Shelby, N.C. (11); Tupelo, Miss. and Batavia, N.Y. (10); Bardstown, Ky. (9); Martinsville, Va. (8); and Danville, Ky. and Lumberton, N.C. (7).

Ohio also was the No. 1 state, having a high of 18 micropolitans on the list covering 111 projects. Georgia and North Carolina tied for second with 12 micropolitans, Kentucky had 11, Tennessee 7, Louisiana 6 and Arkansas, Illinois, Indiana, Iowa, Mississippi, Nebraska and South Carolina had 5. (Site Selection graphic)
"Among the nearly 500 corporate facility projects scattered among the nation’s Top 100 micropolitan areas, certain patterns emerge," Gary Daughters and Adam Bruns report for Site Selection. "First, there is a strong correlation with interstate highways, with the jurisdiction often well placed and equidistant between larger markets."

"There is also a pronounced lean toward incremental growth by satisfied customers: 65 percent of the projects were expansions, vs. new greenfield sites," reports Site Selection. "As for industry sector, the trend persists from the world’s leading sectors in terms of project activity—transportation equipment, plastics/chemicals, and everyone’s favorite industrial niche: food and beverage."

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