The Tupelo region has been named to Site Selection magazine’s list of the most active micropolitan areas for new and existing industries in the country. Tupelo ranked second in the nation out of nearly 576 micropolitan areas designated by the United States Census Bureau.
“This is only possible because of the partnerships that have been formed between the Mississippi Development Authority and Tennessee Valley Authority economic development officials,” said Darrell Rankin, President, Lee County Board of Supervisors. “We are truly appreciative of everyone who worked on our behalf to achieve this success for Tupelo, Lee County, and our region as a whole.”
Tupelo attained this ranking by recording 19 new and expanding industry projects in 2013, with companies such as Ashley, General Atomics, Tecumseh, Advanced Innovations, and Cooper Tire & Rubber Company. These projects created over $78 million in new capital investment and over 900 new jobs with over $27 million in new annual wages paid to local workers.
"Community Development Foundation's program of work provides a long term development strategy and organization to produce more and better jobs for the area,” said David Rumbarger, President and CEO of the Community Development Foundation. “This is wonderful recognition of the commitment and long term planning done by private and public leaders is truly paying off."
According to the U.S. Census Bureau, a micropolitan area is a largely rural economy that includes a city of at least 10,000 people, but less than 50,000, and covers at least one county.
Site Selection, a 60-year-old Atlanta-based magazine, has awarded the Governors Cup annually since 1978 to the communities with the most new and expanded corporate facilities as tracked by Conway Data Inc.'s New Plant Database. Site Selection, published by Conway Data Inc., is the senior publication in the corporate real estate and economic development fields and is the official publication of London-based Red Hot Locations and the Industrial Asset Management Council (IAMC, at http://www.iamc.org/). Site Selection's yearly analyses are regarded by corporate real estate analysts as "the industry scoreboard." The magazine's circulation base consists of 45,000 subscribers, most of whom are involved in corporate site selection decisions at the CEO/President/COO level.