Elkhart County Tops in 2009 Corporate Measure
Elkhart County, Ind., which remains the hub of the RV industry despite the industry downturn, was the top destination for new corporate investment in 2009 among metropolitan areas with populations less than 200,000, according to data tracked in Conway Data Inc.’s New Plant Database.
In the state category, Ohio ranked first for the fourth straight year and Indiana ranked 10th.
Conway Data published the 2009 results to its annual Governor’s Cup awards in Site Selection, a corporate real estate and economic development magazine.
Elkhart County was credited with 17 major investment projects in 2009 to lead the small metro area list. The greater New York City area led all areas with 215 investments. Dayton, Ohio, led the areas of between 200,000 and 1 million population with 46 major investments.
“Elkhart is once again in the national spotlight, but this time as a top location for new business investment last year,” said Mitch Roob, secretary of commerce and CEO of the Indiana Economic Development Corp (IEDC), in a news release. “Indiana’s low-cost business environment is a key differentiator that has attracted many companies to our state in the midst of a competitive economy.”
Governor’s Cup winners are selected based on the number of new corporate location projects in each state and metropolitan area that meet at least one of three criteria:
- Involve a capital investment of at least $1 million.
- Create at least 50 new jobs.
- Add at least 20,000 square feet of new floor area.
“The Governor’s Cup Award is a true honor for Elkhart County. The economic crisis has positioned us on the forefront of national and international news. This award is known to be a leading indicator of future growth and prosperity for a region,” said Dorinda Heiden-Guss, president of the Economic Development Corp. of Elkhart County.
Site Selection, a 56-year-old Atlanta-based magazine, has conducted the Governor’s Cup annually since 1978. The full report can be found at www.siteselection.com.
Created by Gov. Mitch Daniels in 2005 to replace the former Department of Commerce, the IEDC is governed by a 12-member board chaired by Daniels. For more information about IEDC, visit www.iedc.in.gov.