Michigan ranks fifth in US for corporate site selection
Michigan and Battle Creek are among the top markets in the nation for corporate real estate projects.
Site Selection, a magazine on corporate real estate and economic development, ranks Michigan fifth for number of corporate projects in 2013, with 312 projects, and Battle Creek, with nine projects, in a tie for sixth place for cities with populations less than 200,000 — as part of its annual Governor’s Cup awards this month.
The Detroit-Warren-Dearborn area ranks fifth for a metropolitan area with a population more than 1 million.
The Governor’s Cup recognizes corporate economic development in states — based on the number of projects and projects per capita — meeting one or more of the following criteria: minimum capital commercial investment of $1 million, at least 20,000 square feet in new construction or the creation of 50 or more jobs.
This year, Site Selection added the projects-per-capita award to recognize states with smaller populations.
“By either measure, the states ranking at or near the top are to be commended for fostering business climates that are most conducive to attracting capital investment and creating jobs,” said Mark Arend, editor-in-chief at Site Selection.
The rankings are based on data derived from Conway Data’s New Plant Database, which is maintained through company announcements, development agency surveys and electronic information sources.
The database does not take into account retail, government, school or hospital projects.
The state of Texas won the Governor’s Cup for number of projects, with 657, while Nebraska ranks first on a per-capita basis, with 109. Michigan ranks eighth in projects per capita.
For the magazine’s East North Central regional ranking, Michigan ranks third for its number of facilities, behind Ohio and Illinois.
Regional rankings based on new facilities and expansions are broken down into the number of manufacturing facilities, manufacturing expansions and other facilities.
Site Selection reports Michigan had 83 new manufacturing facilities and 137 manufacturing expansions, with 92 other facilities in development.
On a per-capita basis, Michigan moved up to second place with 31.5 total building projects for every million in its population.
Site Selection also recognized top micropolitan cities with economic development projects in 2013.
A micropolitan area consists of 10,000 to 50,000 people and has one or more counties, according to the U.S. Census Bureau.
Michigan is represented in the ranking of micropolitan areas: Alma and Sturgis rank 41st, with three projects; and Adrian, Escanaba, Marquette, Sault Ste. Marie and Traverse City ran 70th, with two projects.