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Ohio leads nation in new and expanded business facility investment

by Policy in Practice on March 3, 2010

Governor Ted Strickland, Lt. Governor Lee Fisher, and Ohio Department of Development Director Lisa Patt-McDaniel today joined members of Ohio’s business and economic development communities to announce that the State of Ohio has been awarded Site Selection magazine’s fourth consecutive Governor’s Cup Award for leading the nation in new and expanded facilities in 2009.

The March edition of the magazine highlights the award, Ohio’s economic accomplishments, and the numerous Ohio cities around the state as the best in the country in their respective categories.

“One of the reasons I believe in Ohio is that companies know Ohio is a great place to do business,” Strickland said.  “We have reduced taxes and regulations, we have increased the skills and education of our workforce, and we have been recognized once again by setting the pace for the nation in new and expanded capital investments.”

“Economic achievement only thrives when commitment and collaboration at the federal, state, and local level is attained on a daily basis,” Fisher said. “This award is shared with the Ohio economic development community and the people of Ohio, because only their ideas and talents help build and create a lasting positive change in Ohio. Let us use this momentum to continue building and growing Ohio’s economy with innovation and creative solutions.”

This year marks the eighth time Ohio has been awarded the Governor’s Cup, receiving the award in 1993, 1994, 1995, 2003, 2006, 2007, and 2008. The occasion marks the fourth win in a row for Ohio and our state’s fifth in seven years. The award is based on corporate location projects that meet at least one of three criteria: (a) involve a capital investment of at least $1 million, (b) create at least 50 new jobs or (c) add at least 20,000 square feet of new floor area. 

“This award belongs to the Ohio economic development communities, which are leading Ohio’s efforts to bring prosperity to the people and businesses of our state,” Patt-McDaniel said. “We as a state are working with our local communities to give Ohioans a State of Perfect Balance between business pursuits and quality of life.”

Governor Strickland attributes Ohio’s fourth consecutive Governor’s Cup win to our state’s manufacturing strengths, logistics capabilities, skilled workforce and competitive business environment.