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Ginovus Congratulates the Area Development Gold & Silver Shovel Award Winners for 2016

Ginovus congratulates the Area Development Gold & Silver Shovel Award Winners for 2016.  We are pleased to have supported multiple projects on the 2016 list and look forward to our continued commitment to advising and assisting clients in site selection projects across North America and the Caribbean for years to come.
As appeared in the Q2 issue of Area Development Magazine

 

Area Development Magazine, Q2 2016

Geraldine Gambale, Editor, Area Development Magazine
Mark Crawford, Contributing Editor

 

2016 Gold & Silver Shovel Awards Recognize States That Have Garnered High-Impact Economic Development Projects

The states receiving this year’s Shovel Awards are being recognized for their large numbers of high-impact economic development projects, including $1 billion+ deals with thousands of new jobs. Six states — California, Ohio, Tennessee, South Carolina, Nevada and Utah — are being awarded Gold Shovels in recognition of projects undertaken in 2015.

GOLD & SILVER 2016 SHOVEL AWARDS

Economic development departments and teams have a tremendous responsibility — their states depend on their guidance, vision, expertise, networking skills, and marketing savvy to grow the state economy and create good-paying jobs. With tough competition from other states, and even countries, having the right combination of site selection factors just isn’t enough these days. Economic development teams must, at a deep level, truly understand the needs of the prospect and craft the winning proposal.

Economic development teams often consult with governors and state legislatures to put business-friendly policies and tax incentives in place. They also hustle to find strong prospects for their targeted growth industries that also fit the skills of their workers. And now, seven years after the Great Recession, with an improving economy, companies are getting more serious about expanding — and, after seven years of wage stagnation, workers are eager for new companies and better-paying jobs.

So there is a lot of pressure to out-perform the competition — and the recipients of Area Development’s annual Gold and Silver Shovel Awards know exactly how to do it. The states receiving this year’s Shovel Awards are being recognized for their large numbers of high-impact economic development projects, including $1 billion+ deals with thousands of new jobs. This year, we honor 22 states for their achievements in winning new business investment in 2015 and job creation. Many of these states are repeat winners, which is no surprise — their economic development leaders make it a point to develop personalized, long-term relationships with the businesses and industries in their states that go long beyond the ribbon-cutting.

2016 GOLD SHOVEL AWARDS: THE WINNING STATES

  • California
  • Ohio
  • Tennessee
  • South Carolina
  • Nevada
  • Utah

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2016 Silver Shovel Awards

12+ Million Population Category

  • Florida
  • Illinois
  • Texas

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8 to 12 Million Population Category

  • Georgia
  • Michigan
  • North Carolina

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5 to 8 Million Population Category

  • Arizona
  • Indiana
  • Missouri
  • Wisconsin

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3 to 5 Million Population Category

  • Alabama
  • Kentucky
  • Louisiana

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Under 3 Million Population Category

  • Idaho
  • Kansas
  • Mississippi

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2016 Gold & Silver Shovel Awards: Small Cities’ Projects of the Year

ProjectLocationJobsInvestment
Liberty Mutual InsurancePlano, TX5,000$355M
Capital One FinancialPlano, TX1,200$35M
AmazonJoliet, IL1,500$155M
Mars CandyJoliet, IL500$130M
IkeaJoliet, IL250$120M

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2016 Gold & Silver Shovel Awards: Automotive Projects of the Year

ProjectLocationJobsInvestment
Polaris IndustriesHuntsville , AL2,000$140M
TeslaFremont , CA4,426$239B
Subaru of Indiana Automotive, Inc.Lafayette, IN1,204$140.2 M
Ford Motor Co.Louisville, KY2,000$1.3B
Faraday FutureNorth Las Vegas, NV4,500$1.4B
Volvo Car GroupBerkeley, SC2,500$500M
Mercedes-Benz Vans Manufacturing, LLCCharleston, SC1,300$500M

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2016 Gold & Silver Shovel Awards: Solar Projects of the Year

ProjectLocationJobsInvestment
SolarCityUtah County, UT4,000$94M
Vivint SolarUtah County, UT3,143$91M

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2016 Gold & Silver Shovel Awards: E-Commerce Projects of the Year

ProjectLocationJobsInvestment
AmazonJoliet, IL1,500$155M
AmazonSan Marcos, TX1,000$191M
AmazonDallas, TX900$20M
Amazon.comEtna Township, Village of Obetz, OH2,000$180M

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MethodologyArea Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. We collected information from all 50 states about their top-10 job-creation and investment projects initiated in 2015 (only those projects that actually had monies invested, “broke ground,” began an expansion, started new hiring, etc. were considered). Based on a combination of weighted factors — including the number of new jobs to be created in relation to the state’s population, the combined dollar amount of the investments, the number of new facilities, the diversity of industry represented — six states achieving the highest weighted overall scores were awarded Area Development’s 2016 Gold Shovels in five population categories: 12+ million, 8+ to 12 million, 5+ to 8 million, 3+ to 5 million, and fewer than 3 million. Runners-up in each of these population categories were awarded 2016 Silver Shovels.

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