Texas has won Site Selection Magazine’s Governor’s Cup for 2013, the fifth time the Lone Star State has received the award.

The award is given annually to the state with the most new and expanded corporate facilities announced over the year. Texas previously won the Governor’s Cup in 2004, 2005, 2010 and 2012.

Texas took the top spot with 657 qualifying projects in 2013. Ohio finished second, with 480. Qualifying projects must meet at least one of the following criteria:

  • capital investment of at least $1 million,
  • 50 or more new jobs created, and/or
  • 20,000 or more sf of new construction.

“States that appear on our rankings of top locations for new projects, especially at the top of the ranking, like Texas, are those with the location attributes most in demand by corporate site selectors,” Site Selection Editor-in-Chief Mark Arend said. “Areas compete aggressively for capital investment, and Texas’ latest first-place Governor’s Cup finish is evidence of a highly successful economic development strategy.”

Source: yourhoustonnews.com