Ohio Remains Nation's No. 1 Choice for Business Development, Attraction and Capital...
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Ohio Remains Nation's No. 1 Choice for Business Development, Attraction and Capital Investment State awarded third consecutive Governor's Cup Award from Site Selection Magazine for achievements in economic investments and business expansion Columbus, Ohio, March 10 /PRNewswire/ -- Site Selection Magazine, one of the nation's leading location assistance publications, has awarded the state of Ohio its third consecutive Governor's Cup Award for leading the nation in new and expanded facilities in 2008. Site Selection Magazine's March issue highlights Ohio's efforts in leading the nation in new business development and expansion in both micropolitan and metropolitan categories, as well as the state's overall achievements in economic investments. (Logo: http://www.newscom.com/cgi-bin/prnh/20071107/CLW113LOGO ) According to the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment, the Governor's Cup Award further demonstrates that Ohio's purposeful redesign of its business climate is making the state an ideal location for businesses to compete in a 21st century global economy. Ohio Governor Ted Strickland attributes Ohio's third consecutive Governor's Cup win to the state's manufacturing strengths, logistics capabilities, skilled workforce and competitive business environment. "This award serves as an important reminder that our commitment to phasing in comprehensive tax reforms, while investing in sustainable sectors of the economy, is positioning Ohio for recovery and long-term economic growth," said Governor Strickland. "But we will not rest for a moment in the midst of this national recession. Our budget continues to prioritize investments in education, health care and job-creating tax relief to encourage capital investment and grow Ohio's economy." The No. 1 ranking for Ohio was based on the number of private capital investments for new or expanded facilities that involved an investment of at least $1 million, created a minimum of 50 new jobs, or added at least 20,000 square feet of new floor area. According to Site Selection's rankings, Ohio won the award with 503 projects; Texas placed second with 497 projects, followed by Michigan (296), Pennsylvania (290) and North Carolina (245). This year marks the seventh time Ohio has been awarded the Governor's Cup, receiving the award in 1993, 1994, 1995, 2003, 2006 and 2007. "Ohio's three consecutive Governor's Cup awards are evidence that our economic development strategies for creating a healthy business development climate in the state are working and further prove that Ohio should be on every CEO's list of location options," said Ed Burghard, executive director of the Ohio Business Development Coalition. "Executives are realizing, in Ohio, they're able to find the perfect balance between successfully growing a business and still enjoying life. Business owners profit from the bottom-line benefits of better work:life balance for their employees. Ohio's low-cost, low-stress communities and combination of micropolitan and metropolitan cities provides executives and employees the resources and time to make any ambition achievable. Ohio truly is the state of perfect balance." Ohio also was recognized for having more cities in Site Selection's top 10 metropolitan and micropolitan categories for new and expanded corporate facilities than any other state, proving the business strength of its five distinct regions and urban areas. -- Cincinnati, Columbus and Cleveland ranked 4th, 8th and 9th respectively among metropolitan areas with populations of over one million. -- Dayton, Akron and Toledo swept the top three spots ahead of all other mid-sized metropolitan areas with a population between 200,000 and one million, with Youngstown tied for 7th. -- Wooster, Ashtabula and Wapakoneta ranked 6th, 7th, and 9th respectively among micropolitan cities of 10,000 to 50,000 in population. About the Ohio Business Development Coalition The Ohio Business Development Coalition is a nonprofit organization that markets the state for capital investment. The OBDC provides marketing strategy and implementation to support Ohio's economic development efforts. For more information on business development or business relocation, visit www.ohiomeansbusiness.com. For more information about the Governor's Cup Award, visit www.siteselection.com. SOURCE Ohio Business Development Coalition Dace de la Foret of Paul Werth Associates, +1-614-224-8114, ext. 235, firstname.lastname@example.org, for Ohio Business Development Coalition
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