Georgia wins Area Development’s Golden Shovel
ATLANTA – Georgia has been ranked among the best states in economic development by Area Development magazine. The publication awarded Georgia its top Golden Shovel award for states with a population between 5 million and 8 million people.
According to Area Development, the annual awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. Information is collected from all 50 states about their top-10 job creation and investment projects initiated in 2014. Only those projects that actually had monies invested – broke ground, began an expansion or started new hiring – 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 – five states achieving the highest weighted overall scores are awarded Area Development’s 2015 Golden Shovels in five population categories: 12+ million, 8-12 million, 5-8 million, 3-5 million and fewer than 3 million. Runners up in each of these population categories are awarded Silver Shovels.
In addition to Georgia, 2015 Golden Shovel awards went to Texas, Tennessee, South Carolina and Nevada. States winning Silver Shovels in the 8-12 million population category with Georgia are Michigan, North Carolina and Ohio.
Source: Area Development