WESTBURY, N.Y.--(BUSINESS WIRE)--Area Development, the leading publication covering site selection and facility planning, recognizes 22 states with its Gold & Silver Shovel Awards. States in five population categories — Texas, North Carolina, Wisconsin, Kentucky, and Nevada — are being awarded Gold Shovels in recognition of projects undertaken in 2017 creating a significant number of high-value-added jobs as well as large capital investments. Silver Shovels are being awarded to 17 other states.
The single largest project in terms of monies invested and jobs to be created is the Foxconn Technology Group deal to make LCD screens in Wisconsin. However, dozens of projects across multiple states promise four-figure increases in jobs, and there are a dozen projects cited in which investment numbers are a billion dollars or more. These billion-dollar(s) projects and large job-creating projects (1,000 or more jobs) are distinguished as “Projects of the Year.”
Our Annual Shovel Awards recognize state and local economic development agencies that drive significant job creation through innovative policies, infrastructure improvements, and other processes that attract new employers as well as investments in expanded facilities. The Gold Shovels are presented annually to the states that have achieved the most success in terms of new job creation and company investment.
States are compared only to others in their population tier. This year, Silver Shovels are being awarded to California, Florida, Illinois, New York (12+ million); Georgia, Michigan, Ohio, Virginia (8+ to 12 million); Arizona, Indiana, South Carolina, Tennessee (5+ to 8 million); Alabama, Louisiana, Utah (3+ to 5 million population); and Kansas and Mississippi (3 million or fewer population).
Each of the 50 states was invited by Area Development to submit information about its top-10 job creation and investment projects. Only those projects that began to materialize in 2017 were considered. The Shovel Awards are given to the states with the highest weighted scores based on the number of high-valued added jobs per capita, amount of investment, number of new facilities, and industry diversity. These successes deserve to be recognized.
A report on the 2018 Shovel Award winners is published in the Q2/2018 issue of Area Development and posted online at www.areadevelopment.com/shovels.
Area Development is published quarterly and also maintains several highly visited websites, which can be reached through www.areadevelopment.com.