Business Facilities - December 2007 - (Page 15)

Westinghouse Electric Company President and CEO Stephen R. Tritch outgrow its 571,084-square-foot Monroeville, PA campus long before its 2010 lease on the facilities expires. On the one hand, this kind of growth is an economic developer’s dream. On the other hand, a company the size of Westinghouse has an obligation to conduct an objective site search every time it expands, regard- less of its historical loyalty to the region in which it’s based. The company hired The Staubach Company to handle its site search activities, which in turn organized a bidders’ conference for interested locations on April 5, 2006. Naturally, the conference was well attended. Various states submitted their proposals, and the PICKING THE WINNER 2007 ECONOMIC DEVELOPMENT DEAL OF THE YEAR JUDGES: Jan Dickinson, President and CEO, The Dickinson Consulting Group T IMAGE PROVIDED BY KEVIN R. COOKE, PHOTOGRAPHER, GRAULE STUDIOS he 2007 Economic Development Deal of the Year represents the 15th annual economic development awards program for Business Facilities. The award recognizes the locations and economic development agencies that landed the biggest, highest-impact, and most challenging corporate expansions announced between July 1, 2006 and the entry deadline of September 29, 2007. With this award, we also seek to demonstrate the vast impact that these companies have on communities through their decisions to invest and create jobs. For the purposes of this award, an “economic development deal” is defined as any one of the following: • A project or effort that resulted in the relocation/expansion of a company to a location served by the entering organization; • A project or effort that resulted in the expansion of a company already within the territory served by the entering organization; • A project or effort that resulted in the demonstrable retention of a company that would have otherwise left, in whole or in part, the territory served by the entering organization; • Any combination of the above. Entries were judged by a panel of eight esteemed site consultants and real estate professionals, seven of whom were drawn from the Business Facilities Editorial Advisory Board, including a former Board Member of the International Economic Development Council (IEDC). The requirements for entry were rigorous, and were divided in two parts: official economic impact numbers produced by the RIMS II, IMPLAN, or REMI certified analysis methods, including direct, indirect, and induced figures for economic output, job creation, and capital investment when available; and a two- to fivepage narrative explaining why the deal is worthy of an award. Applicants were instructed to show the following in their narratives: • The likely impact the project will have upon the local community; • The unique challenges this project presented to the company and economic developers; and • The originality and extraordinary nature of the methods and efforts used by the economic development organizations involved to secure the deal. Judges evaluated the narrative on these points and took into account the economic impact numbers to form a final opinion and score, from zero to 100, for each project. Judges with a personal or professional connection to any projects entered were asked to recuse themselves from rating those entries. The highest rated entry is our Gold winner and is considered our official Economic Development Deal of the Year; the second, third, and fourth place entries are awarded the Silver, Bronze, and Honorable Mention awards, respectively. Any projects not in the top four that were rated by one or more judge as his or her personal favorite are recognized as a Judges’ Favorite. Stuart MacKay, President, MMK Consulting Frank Mancini, Jr., Managing Member, Harborage, LLC and Former Board Member at IEDC Ron Pollina, President, Pollina Corporate Real Estate, Inc. Don Schjeldahl, Director, Facilities Location Group, The Austin Company Frank Sherwood, Vice President, Staubach Corporate Services Howard Silverman, President & CEO, The CAI Global Group, Inc. Jerry Szatan, Principal, Szatan & Associates BUSINESS FACILITIES 15

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Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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