Tupelo, Miss. (March 7, 2016)- The Tupelo region has been named to Site Selection magazine’s list of the most active micropolitan areas for new and existing industries for 2015. Tupelo ranked fourth in the nation among the 575-micropolitan areas designated by the United States Census Bureau. Since 2005, this is the seventh time the Tupelo region has been named to the list.
“Tupelo/Lee County has been named a top-ten micropolitan seven times in the last 10 years and it is through our partnerships with the Mississippi Development Authority, Tennessee Valley Authority and other economic development officials that this recognition is possible,” said Lee County Board of Supervisors President Billy Joe Holland. “We are truly appreciative of everyone who works to achieve this success for Tupelo, Lee County and our entire region. We were excited for the continued growth and stability of our furniture industry in 2015, especially United Furniture and H. M. Richards. In 2016, we look forward to this sector's further success while continuing to diversify our industrial base through automotive, advanced manufacturing and more.”
In 2015, the Tupelo region announced 13 new and expanding industry projects during the year, including companies of General Atomics, Raybern Foods, Wey Valve., Inc., Cooper Tire & Rubber Company and more. These projects created over $42 million in new capital investment with over 1,300 new jobs and 40 million in new annual wages paid to local workers.
“Community Development Foundation's program of work in partnership with our private and public leaders is exemplary. This recognition is not by chance, but is only the result of our hard work by our community, working together towards greater prosperity for all,” said Community Development Foundation President and CEO David Rumbarger. “For the last 10 years, Lee County has been the undisputed leader in job creation, winning twice the number of projects as any other area in the state. 2015 was especially rewarding to see the response of our furniture sector and our partnerships are critical as we work together to create more and better jobs in 2016 and beyond. Our focus on the development of our new and existing industrial parks and several other shovel-ready sites, will remain our top priority.”
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.
"What all of the leading metros and micros have in common is a proactive cluster of corporate and civic leaders who know how to forge connections that make their companies and their communities stronger," said Adam Bruns, managing editor of Site Selection.
Top U.S. Micropolitans New and Expanded Facilities in 2015
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.