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Indiana Wins Silver Shovel Award

Friday, July 15, 2016

Area Development magazine has once again awarded Indiana with their Silver Shovel Award for 2016 in the 5 to 8 million population category.

Indiana is one of only 16 states to receive this recognition, which represents excellence in state job creation and economic development efforts, measured using criteria including:

  • Number of high-valued added jobs per capita
  • Amount of investment
  • Number of new facilities
  • Industry diversity

“The states and communities receiving the 2016 Shovel Awards not only have the right combination of factors to attract and retain business, they also display a pro-business attitude and marketing savvy,” said Geraldine Gambale, editor of Area Development. “They deserve to be recognized for winning high-impact economic development projects.”

To ensure equitable comparisons, states are only compared in relation to other states within the same population bracket. Award winners in the 5 to 8 million population category (not ranked) are:

  • Indiana
  • Arizona
  • Wisconsin
  • Missouri

Indiana, Arizona and Wisconsin were all Silver Shovel Award winners in 2015 as well.

According to the publication, Indiana’s diverse manufacturing industry performed well with many industry-related businesses (Subaru, Chiyoda USA, NTN Driveshaft, etc.) announcing major expansions. “Other leading export industries in Indiana are pharmaceuticals, biomedical equipment, industrial machinery, and computer and electronic products. News in these other sectors includes Excellon Technologies’ (electronic components) $2.1 million expansion in Fort Wayne, creating 415 new jobs, and Hoist Liftruck’s (heavy-duty forklifts) moving of its operations from southwest suburban Bedford Park in Illinois to East Chicago, Indiana, where it will invest $41.6 million and create up to 500 new positions over the next few years.”

For each population tier, the publication named one of the 16 states as a Gold Shovel Award winner. In the 5 to 8 million population category, Tennessee received the Gold Shovel Award this year.

See the full listings and details at: http://www.areadevelopment.com/Gold-Shovel-Econdev-Awards/Q2-2016/top-economic-development-job-creation-states-22751a3.shtml

Gold&Silver