Site Selection magazine released its rankings on new and expanded project activity for 2011. North Carolina moved up two spots this year, capturing fourth place nationally and number one in the South Atlantic region. North Carolina logged 310 qualifying projects during 2011, which was a 38% increase over 2010.
Qualifying projects must meet one or more of the following criteria:
- US$1M minimum investment
- 50 or more new jobs created
- 20,000 sq. ft. floor space of new or expanded facility construction
Some of the state’s success can be attributed to the number one rank of the Statesville-Mooresville micropolitan region in Iredell County. After placing second for 2010 projects, the region logged 28 projects in 2011, a 68% increase over 2010, to beat second place Wooster, Ohio.
Even more telling is the fact that the Statesville-Mooresville region has claimed either the number one or number two ranking every year since 1999, with only one exception. There are no other micropolitan or metropolitan areas in the country that come close to this economic development track record.
“It’s great to be number one,” said Chairman of the Statesville Regional Development Board of Directors, Dr. Steve Binder. “But, the bigger story is our consistent performance year after year.”
Local officials attribute the region’s long-standing success to its pro-business climate, low cost of doing business, global market access and highly skilled, dependable workforce. When you factor in the outstanding educational infrastructure and exceptional quality of life, it comes as no surprise that Iredell County is able to consistently meet the needs of new and existing businesses in North Carolina.
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