Atlanta, May 1, 2008: Site Selection has awarded the Nebraska Department of Economic Development (DED) a 2007 Competitiveness Award, recognizing the state’s success at attracting new capital investment last year. This award recognizes state-level economic development groups scoring in the top ten for most points in a 10-category index of new plant activity as tracked by Site Selection's proprietary New Plant Database. Coverage of this award, along with Site Selection's annual Top Groups and Top Deals coverage, appears in the magazine's May 2008 issue.
DED earned 88 points out of a possible 200, ranking Nebraska eighth for competitiveness, out of the 50 states.
To qualify in a given category, a state must finish in the top 20, at which point it is assigned points according to where in the top 20 it fell. "This index provides a balanced, objective look at which state-level economic development groups are actually delivering superior project and job numbers," says Site Selection Editor in Chief Mark Arend. "Per capita criteria help ensure that states compete on an equal footing." The 10 criteria used are:
• Total new and expanded facilities per 1 million population in 2007;
• Total capital investment in new and expanded facilities per 1 million population in 2007;
• Total new jobs created at new and expanded facilities per 1 million population in 2007;
• Total actual number of new and expanded facilities in 2007;
• Percentage growth in new and expanded facilities from 2006 to 2007;
• Three-year growth change (from 2004 to 2007) in new and expanded facilities;
• Ranking in Site Selection's annual business climate survey;
• Number of top 100 metros in the annual ranking of top metros;
• Number of top 100 small towns in the annual ranking of micropolitan areas; and
• Number of 100-plus-job projects per one million population in 2007.
"Nebraska has worked hard to make long-term, substantial changes in the past few years that have greatly improved our overall business climate," says DED director, Richard Baier. “With the Legislature passing the Nebraska Advantage tax package in 2005, and just last month passing the Nebraska Advantage Super Tier, Nebraska’s business climate has become more competitive and has commanded more attention showing that Nebraska is a great location to grow your business.”
Site Selection magazine, published by Conway Data Inc., delivers expansion planning information to 44,000 executives of fast-growing firms. Now in its 54th year, Site Selection is also available via Site Selection Online (www.siteselection.com). SiteNet Dispatch, a weekly e-mail newsletter, goes to more than 28,000 industry professionals. Site Selection is the official publication of the Industrial Asset Management Council (www.iamc.org).
Conway Data is an international publishing and association management company headquartered in Atlanta. The firm manages the Industrial Asset Management Council, the Development Hall of Fame and the World Development Federation (WDF), offers consulting services and awards the annual Conway Safe Skies Award.
For information about the Nebraska Department of Economic Development’s program and services, visit: www.neded.org.