Bowling Green, Ky. (March 1, 2016) - The Bowling Green Area Chamber of Commerce kicked off the new year with a notable ranking by Site Selection Magazine, an economic development entity that showcases success in relation to similar communities across the entire U.S.
Among metropolitan areas with populations less than 200,000, the city of Bowling Green ranked 2nd on Site Selection's Top 10 Metro Areas for New and Expanded Facilities in 2015. This is Bowling Green's 3rd consecutive year on this list, steadily climbing from 6th in 2013, 4th last year to 2nd this year. Site Selection bases this ranking on projects that involve a capital investment of at least $1 million, creates at least 50 new jobs or adds at least 20,000 SF of new floor area.
"The success we saw in 2015 is astounding," said Bowling Green Chamber of Commerce President and CEO Ron Bunch. "We more than doubled the number of announced expansion jobs from 2014, we have surpassed investment numbers of any year in the last decade and the $943.7 million invested in 2015 was four and a half times that of our 2nd largest investment year in the last 10 years (2010). Without the continued support of our regional partners and local government partnerships, our success would not be possible. I want to extend my sincerest gratitude to Warren County Fiscal Court and Judge Executive Mike Buchanon as well as to the City of Bowling Green and Mayor Bruce Wilkerson."
Site Selection magazine is published by Conway Data, Inc. and is the senior publication in the corporate real estate and economic development fields. Their yearly analyses are regarded by corporate real estate analysts as the "the industry scoreboard."
These rankings highlight a record-setting year in economic development for the region. In 2015, the Bowling Green Area Chamber of Commerce announced a capital investment of more than $943 million and the creation of 1,040 new jobs.
"The Bowling Green area experienced a notable year in 2015 for capital investment and job creation. The continued recognition we receive from premier economic development publications such as Site Selection are a testament to the hard work by the Chamber of Commerce and the success Bowling Green and Warren County has had in recent years." Stated Bowling Green Mayor Bruce Wilkerson. "South Central Kentucky offers a multitude of benefits to companies that are looking to locate or expand their operations and evidence of success here is abundant."
Warren County boasts the 2nd, 3rd and 10th largest economic development projects in Kentucky for 2015. GM's announcement of a $439 million investment to create a custom paint shop at the Bowling Green Assembly Plant was the 2nd largest investment project in Kentucky. Bowling Green Metalforming was 3rd with an investment of $261 million and 450 jobs and Kobe Aluminum rounded out the 10th spot with a capital investment of $57 million and 112 jobs.
"It is truly an honor and we are grateful for the continued support and collaboration we receive from the community that allows us to receive such acknowledgement on a national level, said Warren County Judge Executive Mike Buchanon. We are humbled by the recognition our region has received in regards to our success. What better way to celebrate than with the recognition of a top national ranking in one of the country's most highly-regarded economic development publications."
The Bowling Green Area Chamber of Commerce has received recognition from numerous print and online publications in the past including Forbes Magazine, National Geographic Magazine and CNNMoney.com. This is the sixth ranking the Chamber has received from Site Selection since 2005.
For more information on Site Selection, visit www.siteselection.com
About the Bowling Green Area Chamber of Commerce:
Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star Accredited Chamber by the U.S. Chamber of Commerce and was named the 2009 Chamber of the Year by the American Chamber of Commerce Executives. As the fourth largest chamber in Kentucky, the Chamber serves as a premier business advocate for its more than 1,200 partners and is the driving force for economic development in South Central Kentucky. Its primary goals are to promote growth and success in the business community, reaching its small business partners and those in large industries alike. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors in order to enhance the business climate and continue to grow the region.