Texas has won Site Selection Magazine's Governor's Cup for 2012, which is awarded annually to the state with the most new and expanded corporate facilities announced over the year. Texas easily took the top spot with 761 projects in 2012, up substantially from 464 in 2011, and 270 projects more than the second best state.
"I'm proud to see Texas claim the top spot for new and expanded corporate facilities over the last year. This is further proof that Texas continues to be a beacon of opportunity for entrepreneurs and job creators looking for a skilled and competitive workforce and freedom from over taxation, over regulation and over litigation," Gov. Perry said. "We've worked hard to make Texas the best state in the nation to live, work, raise a family and own a business, and we'll continue strengthening the economic pillars that have helped us become a national example of job creation and economic strength."
Ohio placed second this year with 491 projects, followed by Pennsylvania (430), Michigan (337) and Illinois (322). Along with the state's top ranking, Houston-Baytown-Sugar Land was named the number one and Dallas-Fort Worth-Arlington the number three metropolitan areas with a population over 1 million for new and expanded corporate facilities for 2012. Additionally, Midland tied for fifth and Victoria tied for seventh in the ranking of metropolitan areas with a population less than 200,000.
"Texas reclaimed the Governor's Cup in a decisive fashion, with a 270-project margin over its nearest competitor," says Mark Arend, editor in chief of Site Selection. "This is the first time the winning state has crossed the 700-project line since the 2005 Governor's Cup - which Texas also won, with 842 projects. Site Selection congratulates the governor and the many state level and local economic development professionals who work to keep Texas as competitive as it is."
Texas' economy continues to receive national recognition. Forbes recently named four Texas cities to the top 10 of its 2013 Fastest Growing Cities list, and Area Development Magazine named Texas #1 in its Top States for Doing Business Survey. Additionally, fDi Magazine gave Texas the Governor's Award 2012 for most foreign direct investment, CNBC named Texas the Top State for Business for business for the third time, and Chief Executive Magazine's annual survey of CEOs ranked Texas the best state for business for the eighth year in a row.