Recent investment in the Quad Cities metro region has been recognized by Site Selection Magazine as part of its 2018 Governor’s Cup Awards. The economic development magazine annually ranks metropolitan and micropolitan areas by number of projects per capita and by total number of projects.
The Quad Cities and Clinton metro areas achieved high rankings in the Big Muddy Cup rankings, awarded to the top metro area by corporate facility projects along the Mississippi River corridor calculated over an 18-month period ending with the previous calendar year. In the Big Muddy Cup division, the Davenport-Moline-Rock Island area ranked #6 in the Top Metros by Total Projects (17) as well as #7 in Top Metros by Projects per Capita. Clinton, Iowa also ranked #10 in Top Metros by Projects per Capita.
“Successful communities – like the Quad Cities region – are making a proactive, deliberate effort to strategically position themselves to take advantage of economic opportunities as they emerge,” said Liz Murray Tallman, Chief Economic Development Officer for the Quad Cities Chamber. “This focus, as well as our strong public-private partnerships, helps keep our region at the forefront of competing communities in terms of corporate investments, jobs and talent.”
Both Illinois and Iowa received recognition for their statewide development activity as well in the 2018 honors. Illinois was ranked #3 for Top States by Number of Projects as well as #4 for Top States by Projects per Capita. Iowa ranked #5 for Top States by Projects per Capita.
Awards are based on growth in the industries of manufacturing, call centers, headquarters, data centers, distribution warehouse, office, and research and development. To qualify toward the project count, expansions must include new construction and meet one or more of the following: 20 or more new jobs created, 20,000 square feet or more in new square footage, and an investment of $1 million or more in construction cost, land, building or employees.
In 2018, 14 new companies within targeted industries in the six-county region of Scott, Clinton and Muscatine in Iowa, and Rock Island, Mercer and Henry in Illinois chose to locate or expand in the Quad Cities region, representing $465 million in capital expenditure and 900 new jobs.
View the full list of national and metro rankings at https://siteselection.com/issues/2019/mar.