For the fifth time in the last decade, the Siouxland metropolitan region ranks first in the nation for economic development, according to results confirmed today by Site Selection magazine. The region also earned top billing in back-to-back years in 2007 and 2008, as well as in 2012 and 2013. The Siouxland metro ranked second both in 2009 and 2014 and finished third in 2006. The region has ranked in the top three nationally in its population category in a remarkable eight of the last ten years.
The Chairman of The Siouxland Initiative (TSI), Jim Jensen, who serves as CEO of Great West Casualty Company said, “We are proud to receive this national ranking and honored to be recognized by the leading publication in the field of economic development. This award is affirmation of our commitment to growing Siouxland’s regional economy and validation of the efforts of so many public and private sector leaders who have made economic development a top priority.”
The Siouxland Metropolitan Statistical Area (MSA), which saw Plymouth County in Iowa added to the region three years ago, ranked first in the nation for the 2015 calendar year based on qualified economic development projects for communities with populations between 50,000 and 200,000 people.
Adam Bruns, Managing Editor of Site Selection magazine based in suburban Atlanta, traveled to Siouxland to make the official announcement. Stated Bruns, “Regionalism is paid more than lip service in Siouxland. The fact that the region has earned this first place honor five times in the past eight years speaks to a long-term vision and continuity that gives company decision-makers confidence. No wonder so many of the projects we’ve tracked are repeat investments from satisfied companies.”
TSI’s Vice Chairman and Treasurer, Skip Perley, who serves as President and CEO of Thompson Electric / Electric Innovations, introduced Mr. Bruns at the press conference and congratulated the elected leadership of the communities and counties who collectively contributed to Siouxland’s success. Perley presented each community with an inscribed award commemorating the national recognition.
Tracked and confirmed annually by Site Selection’s “New Plant Database,” qualifying projects must include new construction and meet at least one of three criteria: capital investment of $1 million or more, creation of a minimum of 20 new jobs, or the addition of at least 20,000 sq. ft. of new floor space. Retail, government, school, medical office, and hospital projects are not eligible for consideration.