On Monday, Governor Corbett announced that 'Site Selection magazine', a publication specializing in the corporate real estate and economic development field, has ranked Pennsylvania as the top state in the northeast region for new corporate facilities in 2012.
Pennsylvania is also ranked third nationwide for new or expanded corporate facilities in 2012, for the second year in a row.
'Site Selection' reported that Pennsylvania finished third in the nation with 430 new or expanded corporate facilities in 2012. This ranking, is based on new corporate location projects that met at least one of the following criteria: involved a capital investment of a least $1 million, created at least 50 new jobs or added at least 20,000 square feet of space.
Pennsylvania was rated the top state in the northeast region by the Governor’s Cup New Plant Scoreboard, which divides the country into seven regions.
Pennsylvania also received recognition for successful projects in metropolitan and micropolitan areas throughout the state. Pittsburgh ranked sixth in tier one areas with a total of 126 projects and the Greater Philadelphia region was seventh with 124 projects.
Two Pennsylvania tier two metropolitan areas broke the top 10 including Lancaster with 33 projects and the Lehigh Valley with 24 projects. Chambersburg, New Castle and Sayre boroughs finished in the top 10 in micropolitan areas having eight projects respectively.
Site Selection, the official publication of the Industrial Asset Management Council, is published six times annually and distributed to over 44,000 executives responsible for site selection and facility planning decisions around the world. Site Selection’s 2012 Governor’s Cup has awarded top performing states for over 30 years. The rankings are considered a benchmark by corporate real estate analysts.
For more information on the analysis, and the full list of rankings, please visit www.siteselection.com.
For more information about Governor Corbett, visit www.pa.gov.