Valdosta Named a Top Metro Area for Economic Development

March 3, 2020
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Valdosta Named a Top Metro Area for Economic Development

 

Valdosta, Georgia- For the first time in 20 years, Site Selection Magazine has named Valdosta-Lowndes County as one of the country’s top 10 metro areas with the most economic development projects.

Site Selection, an internationally circulated business publication covering corporate real estate and economic development, recently notified the Valdosta-Lowndes County Development Authority (VLCDA) that Valdosta-Lowndes County had been placed on its top 10 list for regions with populations of less than 200,000 people.

“What an exciting time for the Valdosta metro area, “said Terri Lupo, chairwoman of the Valdosta-Lowndes County Development Authority. “For our metro community to be named as a top 10, speaks to the tremendous success we’ve had working cooperatively as a team to ensure that Lowndes County is a great place for businesses to succeed.”

Every year, the publication rates metro areas in terms of the number of major economic development projects happening in the region. Site Selection publishes the top 10 lists—which were released on Monday, March 4—for metro areas with more than one million people, between 200,000 and one million individuals, and fewer than 200,000 residents.

Compiling the lists using a database that provides information about investments and the overall economic health of communities across the country, Site Selection focuses on new corporate facility projects with significant impact, including headquarters and manufacturing plants; research and development operations with logistics sites; and other economic development projects. It does not track retail or government facilities, schools, and hospitals. To qualify for the publication’s lists, new facilities and expansions must involve a capital investment of at least $1 million, create at least 20 new jobs, or add at least 20,000 square feet of new floor area.

“Over the last few years, our community has worked tirelessly to strengthen the position of Valdosta-Lowndes County with regards to those factors that ultimately create jobs.  We must continue to focus on improvement, while aggressively seeking new opportunities.  This is an exciting time to live, work and play in Valdosta-Lowndes County.  I look forward to working with the City of Valdosta, the Valdosta-Lowndes Development Authority and others throughout our region to encourage smart growth that results in economic success.”, said Bill Slaughter, chairman Lowndes County Board of Commissioners.

In 2019, the Valdosta-Lowndes County Development Authority announced the creation of 389 new jobs with a total capital investment of $181,050,000 into our community. Investments and new job creations came from two new industries including Arglass Yamamura and Better Way Products.

“Valdosta’s No.5 ranking on the 2019 Top Metro List by Site Selection Magazine represents the hard work of our dedicated economic development team. We have talented and trained professionals who constantly showcase the great resources that our community has to offer,” said Mayor Scott James Matheson. “Our Economic Development team continues to work with companies to make sure they have all the support they need to be successful and with our local University, Technical College, and K-12 School Systems to make sure that we provide paths of workforce development within our community. This ranking is all the more reason to continue collaborating with our community partners to grow Valdosta-Lowndes and provide more high-quality jobs for South Georgia residents”

To see the entire Site Selection report, visit www.siteselection.com.

 

 

About Valdosta-Lowndes Development Authority

The Development Authority is an organization that oversees industrial and economic development in Valdosta and Lowndes County. In 1960 the Authority was formed as an amendment to the Georgia State Constitution. The mission of the Valdosta-Lowndes Development Authority is to create an environment to attract new industry and promote the growth of existing industry to drive job creation and capital investment.

 

About Site Selection Magazine

Site Selection magazine, published by Conway Inc., delivers expansion planning information to a qualified circulation of 48,700 executives of fast-growing firms. Celebrating its 65th anniversary this year, Site Selection is also available via Site Selection Online. Headquartered in Atlanta, Ga., Conway, publisher of Site Selection magazine, the Conway Analytics Report and a family of online industry newsletters, in 2017 was recognized as Georgia International Small Business of the Year by the Atlanta Business Chronicle. Conway has been a trusted advisor to corporations, government economic development and investment promotion agencies around the world since 1954. Conway owns and manages Conway Events, organizer of worldwide FDI events; FDI advisory firm Conway Advisory; and New York-based Conway PR & Marketing, a leading PR and lead-generation firm. Conway also manages the Industrial Asset Management Council.

 

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