From the release:
Tennessee has again been ranked among the top states in the nation in Site Selection magazine’s annual Governor’s Cup rankings for its economic development performance in 2009. The economic development publication put the Volunteer State at No. 5, the highest ranking of any Southeastern state. The Governor’s Cup award recognizes states with the most new or expanded private-sector capital projects as tracked by publisher Conway Data Inc.’s New Plant Database. The magazine gave its top ranking to the state of Ohio, followed by Texas, Michigan and Pennsylvania.“I’m pleased the editors of Site Selection have included Tennessee among the top performing states in the nation for job creation,” said Governor Phil Bredesen. “We’ve worked hard to develop and enhance a strong business climate and to create strategies aimed at placing Tennessee at the forefront of emerging industries. That hard work is paying off for Tennesseans.”
“This recognition is especially rewarding because it comes during one of the most challenging economic development environments in decades,” said Matt Kisber, commissioner, Tennessee Department of Economic and Community Development. “Tennessee’s ability to help companies with projects by reducing red tape, finding answers quickly and developing partnerships with local communities has been a key differentiator for our state.”