Those projects have resulted in 34,000 new Michigan jobs
and billions in new investment, noted Doug Rothwell, president and CEO of
the Michigan Economic
Development Corporation. "The true scope of this accomplishment
can only be realized when examining the other states Michigan beat,"
he said. "We beat California a state that has the seventh largest
gross state product output in the world.
"What continues to set Michigan apart is our
innovative and often imitated economic development programs. We are
already seeing the tremendous benefits of our programs such as Renaissance
Zones and Michigan
Technical Education Centers. Michigan has equally high expectations
for its newest batch of ground-breaking initiatives such as SmartZones and
new high-tech Single Business Tax credits -- both designed to establish
Michigan's prominent role in the technology-driven economy."
To qualify for the Governor's Cup, projects must have at
least $1 million in new investment or reinvestment, involve 20,000 or more
square feet of new construction, or they must create 50 or more jobs.
Projects cannot be retail or residential construction.
Rounding out Site Selection's top five states are: