ILLINOIS WINS 2017 GOLDEN SHOVEL ECONOMIC DEVELOPMENT AWARD
FROM AREA DEVELOPMENT MAGAZINE
Awarded for the large numbers of high-impact economic development projects that resulted in significant investment and job creation
Chicago, June 20, 2017 – Congratulations are in order for the state of Illinois and the combined work of economic development organization at Intersect Illinois and the Department of Commerce and Economic Development, as the state was named a 2017 Golden Shovel Awards winner from Area Development Magazine. These awards recognize states compiling healthy rosters of new and expanded facilities, and Illinois won the 12+ Million Population Category.
Per the magazine, Area Development’s annual Gold and Silver Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. The group collected information from all 50 states about their top-10 job-creation and investment projects initiated in 2016 (only those projects that actually had monies invested, “broke ground,” began an expansion, started new hiring, etc. were considered). Based on a combination of weighted factors — including the number of new jobs to be created in relation to the state’s population, the combined dollar amount of the investments, the number of new facilities, the diversity of industry represented — five states achieving the highest weighted overall scores were awarded Area Development’s 2017 Gold Shovels in five population categories: 12+ million, 8+ to 12 million, 5+ to 8 million, 3+ to 5 million, and fewer than 3 million. Runners-up in each of these population categories were awarded 2017 Silver Shovels.