DAVENPORT, IOWA (March 10, 2023) — The Quad Cities region ranked N° 6 in total number of large-scale economic investment projects on the Mississippi River Corridor, with a total of 24 projects according to Site Selection Magazine. The 2022 Governor’s Cup Awards ranked the QC behind only larger metros such as St Louis, Minneapolis, Baton Rouge, New Orleans, and Memphis.
“The continued acknowledgement of economic growth in our region pushes us to the forefront of competing communities in terms of corporate investments, talent and jobs,” says Tami Petsche, Vice President of Business and Economic Growth for the Quad Cities Chamber. “This achievement brings awareness of the Quad Cities to companies and site location consultants across the country, presenting our region as a premier place to do business.”
Additionally, three local communities earned recognized as top micropolitan areas by number of large-scale economic investment projects. They are:
- Muscatine (5)
- Galesburg (2)
- Clinton (2)
Statewide, Illinois was ranked N° 2 in total number of large-scale investments, and N° 4 in projects per capita. Iowa ranked N° 9 in number of large-scale investments per capita.
Site Selection Magazine, an economic development publication, annually ranks metropolitan and micropolitan areas by number of projects per capita and by total number of projects. Awards are based on growth in the industries of manufacturing, call centers, headquarters, data centers, distribution warehouse, office, and research and development. To qualify toward the project count, projects must meet one or more of the following criteria: an investment of at least $1 million, creation of twenty or more new jobs or 20,000 square feet of new construction.
See Site Selection for full details.
About the Quad Cities Chamber
The Quad Cities Chamber facilitates business growth to help create a prosperous regional economy where all can thrive. Its work is focused in three strategic areas: Business and economic growth; placemaking and place management; and talent attraction and development. Learn more about the Chamber at quadcitieschamber.com.
