LIMA — Site Selection magazine ranked Lima tied for fourth in the nation in 2020 for economic development and investment among cities of similar size.
Lima also ranked second in the magazine’s newly introduced Top Metros Per Capita rankings.
“AEDG partnered with businesses and our regional economic development representatives to assist in eligible projects that totaled $168,441,644 in fixed asset investments, with 3,534 jobs retained and 249 jobs created in Allen County,” said Allen Economic Development Group President and CEO Dave Stratton in a press release.
The magazine also rated Ohio as No. 1 in its Governor’s Cup 2020 state economic and business attraction rankings for bringing more corporate facility projects per capita than any other state in the nation. Ohio also ranked No. 2 among the nation for total projects overall.
Lima is categorized as a Tier 3 Metro with 50,000 to 200,000 residents.
“This is a prime example of the strong commitment the business leaders have with our community, and we are very thankful,” said Allen County Commissioner Cory Noonan. “Having a coordinated team of Allen Economic Development Group, JobsOhio and Regional Growth Partnership, along with our local partners, brings an all-hands-on-deck approach to economic development.”
Projects meeting one of three metrics qualified for the ranking: at least $1 million in investment, the expansion of an existing facility of at least 20,000 square feet or the creation of at least 20 new jobs. Lima registered eight such projects.
“Our location, our workforce and the leadership at the county, city and township levels make Lima/Allen County an attractive place to do business,” Stratton said. “Recognition like this is appreciated because it sheds light on the work being done by many, many people.”
The collaboration includes regional and state organizations.
“Despite the disruptions of 2020, Lima, Allen County and all of Northwest Ohio stayed focused in putting the needs of businesses first while continuing to build a conducive climate for their success. And the results of those efforts show in the outstanding rankings in Site Selection magazine,” said Dean Monske, president and CEO of the Regional Growth Partnership. “Our project manager, Chase Eikenbary, and the entire RGP team, are committed to assisting the Allen Economic Development Group in its continued efforts to grow the region.”
Other communities in northwest Ohio received recognition in the micropolitan category, including Findlay, Tiffin, Fremont, Bucyrus and Defiance.
Reach Sam Shriver at 567-242-0409.