Business Facilities - December 2008 - (Page 12)

COVER STORY 2008 Economic Development Deal of the Year Awards standing and the creativity to get the deal done is why this submission is a real winner from all perspectives. Congratulations are well deserved.” The bevy of incentives was complemented by an innovative and collaborative approach toward meeting Rolls-Royce’s need for a skilled, hightech workforce. This approach resulted in an agreement to create the Commonwealth Center for Advanced Manufacturing (CCAM) at the plant site. CCAM will be a collaboration between the University of Virginia, Virginia Tech, and RollsRoyce; it will serve as a research and training facility for Rolls-Royce engineers, scientists and graduate students. The program will reach down to the community college and high school level, with “career coaches” in high schools steering engineeringoriented students to undergraduate programs in mechanical and aerospace manufacturing. The Commonwealth Center also will be located at the plant site. “Virginia’s education system was a key factor in [our] decision to locate a plant here,” Guyette says. Virginia Governor Tim Kaine said in announcing the deal that the new facility will help solidify Virginia’s place as a global leader in advanced manufacturing, with world-class ports and airports. “There isn’t any reason why our Commonwealth can’t embrace global trade and feel optimistic about it,” Kaine said. Rolls-Royce initially is investing about $100 million in the new plant, with options to invest up to (Continued on page 53) P T icking the he 2008 Economic Development Deal of the Year recognizes the locations and economic development agencies that landed the highest-impact corporate expansions announced between July 1, 2007 and the entry deadline of September 30, 2008. 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. Nominees were required to provide 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 narrative explaining the impact of the project; the unique challenges this project presented to the company and economic developers; and the originality of the methods used by the economic development organizations involved to secure the deal. Judges evaluated the narrative and the economic impact numbers and gave each project a score ranging from zero to 100. The W inner 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. 2008 ECONOMIC DEVELOPMENT DEAL OF THE YEAR JUDGES: Jan Dickinson, President and CEO, The Dickinson Consulting Group Stuart MacKay, President, MMK Consulting Frank Mancini, Jr., Managing Member, Harborage, LLC and Former Board Member at IEDC Steve Vierck, President, Economic Development, AngelouEconomics Phil Anderson, President/CEO of P.W.Anderson & Partners, Inc. Frank Sherwood, Vice President, Colliers Turley Martin Howard Silverman, President & CEO, The CAI Global Group, Inc. Jerry Szatan, Principal, Szatan & Associates 12 DECEMBER 2008

Table of Contents Feed for the Digital Edition of Business Facilities - December 2008

Business Facilities - December 2008 Contents First Word Snapshots Corporate Moves: North Carolina Gold Award: New Engine for Growth in Virginia Silver Award: Tennessee Gets the Big Prize Bronze Award: Enrichment in Idaho Falls Honorable Mentions International Reach From America's Heartland Supply Chain Priorities Metro Spotlight: Greenville/ Spartanburg, SC The Magnolia State Has It All A Real Estate Mega-Merger State of the Year Ask the Expert Advertiser Index

Business Facilities - December 2008

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