Davidson ranks high in business survey

Mar. 05, 2013 @ 05:32 PM

Site Selection magazine has again given Davidson County a high ranking for its economic-development efforts.
The magazine ranked the Lexington-Thomasville area as the nation’s No. 3 small community for corporate projects in 2012.
The combined area was credited for 18 projects, two fewer than top-ranked Statesville-Mooresville, which has a strong NASCAR connection. Statesville-Mooresville was ranked first for the second consecutive year.
In recent years, the two North Carolina areas have dominated the small-community rankings, with Lexington-Thomasville ranking No. 1 in 2010 and 2007. In 2010, Lexington-Thomasville had 26 new facility projects.
New facilities and expansions must involve a capital investment of at least $1 million, or create at least 50 new jobs or add at least 20,000 square feet of new floor area.
Officials in the two cities have credited their success to an aggressive business recruitment strategy that includes business incentives.
For the sixth consecutive year, the Greensboro-High Point metropolitan statistical area was ranked in the top 10 in the category that includes areas with populations ranging from 200,000 to 1 million. It was ranked sixth with 30 projects. The Winston-Salem MSA was not ranked in the top 10.
North Carolina was ranked seventh overall with 280 projects. It was ranked fourth in 2011. Texas was first with 761 projects.

Top Ten

Micropolitans: In North Carolina, Shelby tied for fifth in the Site Selection magazine ranking for Top Micropolitans. Lincolnton tied for 11th.

Census: A micropolitan area is a rural county in which the largest city does not exceed a population of 50,000. The U.S. has a total of 576 micropolitan areas.