Iowa Gov. Terry E. Branstad and Lt. Gov. Kim Reynolds, along with Iowa Economic Development Authority Director Debi Durham, Monday praised Site Selection magazineâ??s honors to Iowa and cities across the state.
In an announcement Monday morning, the magazine honored the states, areas and cities best suited for economic expansion and continued growth. The state of Iowa and numerous Iowa cities were featured signaling that Iowa is working.
Site Selection named the state of Iowa #6 in the Governorâ??s Cup per capita rankings, a list of states with the highest number of qualified capital investment projects in the previous calendar year. In addition, the magazine announced that the Sioux City metropolitan area and Dubuque tied for #1 in the 50,000 â?? 200,000 population category, and Council Bluffs/Omaha metropolitan area #1 in the 200,000 â?? 1,000,000 population category. Des Moines-West Des Moines took home the #6 ranking in the 200,000 â?? 1,000,000 population category and ranks fifth by region.
Gov. Branstad, who was in Sioux City for the announcement said, â??Weâ??re pleased to have this significant recognition from Site Selection, a leading publication for business executives looking to expand their operations and create jobs. This distinction is yet another sign that Iowa is working and the pro-growth economic policies our administration introduced are moving Iowa forward.â??
The maganzine's mission is to â??publish information for expansion planning decision-makers â?? CEOs, corporate real estate executives and facility planners, human resource managers and consultants to corporations.â??
â??Governor Branstad and I are pleased to see cities across Iowa receive this honor from a magazine focused on recognizing and highlighting areas where business can thrive and jobs can be created,â?? said Reynolds. â??Site Selectionâ??s announcement today signals that Iowa is ready for continued growth. Even with the fifth-lowest unemployment rate in the nation and over 130,000 jobs created, we know there is more work to be done and our commitment to bringing new business and jobs to the state wonâ??t end until every Iowan has full employment.â??
Site Selectionâ??s â??New Plant Databaseâ?? confirms qualifying projects, which must include new construction and meet at least one of the following three criteria: a capital investment of $1 million or more; creation of a minimum of 50 jobs; or the addition of at least 20,000 square feet of new floor space. The projects are tracked for calendar year rankings. Retail, government, school, medical office and hospital projects do not qualify for the rankings.
The communities of Burlington, Clinton, Spirit Lake and Muscatine all tied with other communities at #41 in the micropolitan category. Spencer, Marshalltown and Ottumwa were among the cities tied in the same category at #70.
â??Site Selectionâ??s rankings further indicate Iowaâ??s business climate is conducive to continued economic growth,â?? said IEDA Director Debi Durham. â??Todayâ??s announcement will serve as a reminder to business executives looking to expand their operation that Iowaâ??s toolbox is filled with a dedicated, skilled workforce and a competitive business climate.â??
The rankings are featured in Site Selectionâ??s March issue. More information on the ranks can be found at www.siteselection.com or at www.governor.iowa.gov.
(information provided by Iowa Governor's Office)