Surprising to some, Ohio ranked #2 in the rankings for the 2012 Governor’s Cup. Site Selection magazine awards their Governor’s Cup each year to “the state with the highest number of qualified capital investment projects the previous calendar year.” Texas took the cup, with 761 number projects, followed by Ohio (491), Pennsylvania (430) and Michigan (337).
What projects count? “The publication’s proprietary New Plant database is populated with private-sector projects that meet one or more of these criteria: an investment of at least US$1 million, creation of 50 or more new jobs or construction of new space of at least 20,000 square feet (1,860 sq. m.). The magazine does not count equipment upgrades or additions nor construction jobs in its final numbers.”