Contact: Adam Bruns, Managing Editor, Site Selection

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www.siteselection.com

 

Press Release

Site Selection Names Canada's Best Locations, Top Utilities in Economic Development and Global Groundwork Index Leaders

 

Atlanta, September 1, 2022 : Based on Site Selection’s exclusive, proprietary project data from corporate end-users, the business publication’s Canadian Competitiveness Award recognizes Ontario as the most competitive province in a competitive nation, followed by Saskatchewan and British Columbia. And metro areas from Halifax to Vancouver and Montréal to Lethbridge populate Site Selection’s annual Canada’s Best Locations list of top Canadian economic development groups (see full lists below).“The annual Canada’s Best Locations feature sheds light on Canada’s many location options for growing global companies and site selectors,” says Mark Arend, editor in chief of Site Selection. "We salute the provinces and communities that made this year’s rankings.”

This elite group of regions is determined by examining total corporate facility projects and their associated capital investment and job creation numbers over a period from April 2021 through March 2022. The projects qualified for Site Selection’s Conway Projects Database (at least $1 million invested, at least 20 new jobs created or at least 20,000 new sq. ft. of space) are evaluated on both a cumulative and per-capita basis. Among the 24 regions named are 10 from Ontario, a province that among other things has welcomed C$16 billion in automotive investments over 20 months and Tata Consultancy Services’ fifth global innovation hub in Toronto as Tata looks to create 5,000 jobs across Canada.


Top Utilities in Economic Development
Also featured in the September issue are Site Selection's Top U.S. Utilities in Economic Development (see list below), based on analysis of corporate end-user project activity in 2021 in those utilities’ territories (from the Conway Projects Database and submitted materials). In addition to examining facility investment project totals and calculating those projects’ jobs and capital investment numbers on a cumulative and per-capita basis, Site Selection also welcomed questionnaire responses about the utilities’ website tools and data; innovative programs and incentives for business (including energy efficiency and renewable energy programs); and the utility’s own job-creating infrastructure and facility investment trends.


“The elite Top 20 we named this year earned the honor amid a field of around 3,300 electric utilities across the country, including around 900 cooperatives,” says Managing Editor Adam Bruns of the rankings Site Selection has published since 1999. “Like the power they generate, their robust economic development teams and programs are well distributed throughout the country. And just as their generation and distribution portfolios turn toward renewables and smart technologies, these utilities’ economic developers are helping their communities pursue sustainable growth by cultivating the flow of smart capital and talent.”


Global Groundwork Index
Site Selection’s Global Groundwork Index this year looked back at five years of Conway Projects Database project data, then added data from the Federal Permitting Dashboard (which tracks infrastructure projects across the nation) and the Global Infrastructure Hub’s Global Infrastructure Monitor report, which offers infrastructure investment per capita and GDP per capita figures. The result offers a snapshot of where private- and public-sector physical facility investment are converging for the public good and increased prosperity.


The United States claims the crown among countries. Canada, South Korea, Mexico and India fill out the top five. Among U.S. states, perched above powerful corporate/infrastructure blends in Georgia, Indiana, Virginia and Arizona sits the state of Texas, repeating last year’s No. 1 ranking. As it happens, Texas has so far garnered the second-highest funding from the $550 billion Infrastructure Investment and Jobs Act of any state at $8 billion, behind only the $9.2 billion going to California, which ranks 20th in Site Selection’s index.


The new issue of Site Selection also includes stories on economic development in Japan after the era of the late Prime Minister Shinzo Abe; automotive parts sustaining Mexico’s automotive economy; the steel revolution in Arkansas; the rush of renewables in Texas before Chapter 313 incentives expire; the lithium rush in Nevada; and the renewal of a former GE campus in Fort Wayne, Indiana. Other state spotlights focus on California, Pennsylvania, North Carolina and Idaho, alongside regional reviews examining Asian corporate investment in the Southeast and the transformation of the District of Columbia from, as one leader puts it, “the hole in the donut” to “the jelly in the donut.” Industry reports feature huge petrochemical investments in Alberta and exclusive insights into the next hot logistics markets from Cushman & Wakefield. And two directories put Site Selection’s corporate readers in direct contact with economic development organizations across Canada and utility economic development departments.


In addition to the exclusive West Central Ohio Intelligence Report, the issue also includes Site Selection Investment Profiles about San Bernardino County, California; Consumers Energy; Hoosier Energy; Indiana Municipal Power Agency; Xcel Energy; Hoosier Energy; Fort Worth, Texas; TeamCalifornia; Tradepoint Atlantic and the State of Maryland.


Site Selection magazine, the leading publication covering global corporate real estate strategy and economic development, is in its 69th year of publication, and goes to a qualified circulation of more than 42,000* corporate end users in print, in addition to publishing all of its material at www.siteselection.com. Global corporate expansion experts Conway Data Inc., publisher of Site Selection, state economic development guides under its Custom Content Publishing Division, and the Site Selection Investor Watch newsletter, has been a trusted source of business intelligence to corporations, government economic development and investment promotion agencies around the world since 1954. Conway Data owns and manages Conway Data Events, organizer of the World Forum for FDI and FDI training seminars. Conway Data also manages the Atlanta-based Industrial Asset Management Council, a professional association of 600-plus corporate real estate executives, economic developers and commercial real estate service providers.

*December 2021; all circulation information is publisher’s own data unless otherwise specified.



2022 Canadian Competitiveness Rankings

1. Invest Ontario (Ministry of Economic Development, Job Creation and Trade)
2. Saskatchewan Trade & Invest (Ministry of Trade and Export Development)
3. British Columbia Ministry of Jobs, Economic Recovery and Innovation


2022 Canada's Best Locations (alphabetical order within province)

ONTARIO

  • City of Brantford Economic Development and Tourism Department (Ontario)
  • Invest in Hamilton
  • Kingston Economic Development Corporation
  • London Economic Development Corporation
  • City of Mississauga
  • Invest Oakville
  • Sarnia-Lambton Economic Partnership
  • Toronto Global
  • Waterloo EDC
  • Invest WindsorEssex (Ontario)

QUEBEC

  • Montréal International
  • Québec International
  • Sherbrooke Innopole (Quebec)
  • IDE Trois-Rivières (Innovation et Développement économique Trois-Rivières) (Québec)

ALBERTA

  • Calgary Economic Development
  • Edmonton Global
  • Economic Development Lethbridge (Alberta)

SASKATCHEWAN

  • Economic Development Regina
  • Saskatoon Regional Economic Development Authority (SREDA)

BRITISH COLUMBIA

  • Vancouver Economic Commission

NOVA SCOTIA

  • Halifax Partnership

MANITOBA

  • Economic Development Winnipeg

NEW BRUNSWICK

  • City of Moncton

2022 Top Utilities in Economic Development (alphabetical order)


  • Alabama Power Company
  • Alliant Energy
  • Ameren Corporation
  • American Electric Power
  • Arizona Public Service
  • ComEd - An Exelon Company
  • Duke Energy
  • Entergy Corporation
  • FirstEnergy
  • Florida Power & Light Company
  • Georgia Power
  • Hoosier Energy
  • Indiana Municipal Power Agency
  • Kentucky's Touchstone Energy Cooperatives
  • LG&E and KU Energy LLC
  • Nebraska Public Power District
  • PECO, an Exelon Company
  • Salt River Project
  • South Carolina Power Team
  • Tennessee Valley Authority


2022 Global Groundwork Index Rankings
Top 20 Countries (combined infrastructure and corporate end-user project investment strength)

  1. United States
  2. Canada
  3. South Korea
  4. Mexico
  5. India
  6. United Kingdom
  7. Australia
  8. Malaysia
  9. Spain
  10. Germany
  11. Singapore
  12. Vietnam
  13. South Africa
  14. Cambodia
  15. China
  16. Poland
  17. France
  18. Morocco
  19. Japan
  20. Saudi Arabia

Top 20 U.S. States

  1. Texas
  2. Georgia
  3. Indiana
  4. Virginia
  5. Arizona
  6. North Carolina
  7. Ohio
  8. Louisiana
  9. Kentucky
  10. South Carolina
  11. Iowa
  12. Alabama
  13. Tennessee
  14. Michigan
  15. Illinois
  16. Utah
  17. Nebraska
  18. Kansas
  19. New York
  20. California
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