TOLEDO, Ohio (WWNO) -- For the second consecutive year, Toledo has been named third in the nation for economic development among mid-sized cities.
The award was announced on Monday at a press conference at the National Museum of the Great Lakes.
"This is a big deal, this is the national standard and it shows that in this part of the country we can create opportunity and investment," said Mayor Wade Kapszukiewicz, (D)-Toledo.
The Governor's Cup Award comes from Site Selection Magazine. The recognition brings attention to developers from all over.
"This is how companies make their decision on where to put new investment and to create those new jobs, so by having the recognition of this publication, a lot of corporate CEO's and real estate people read it and so it simply gets you on the short list of large projects that people are considering," said Dean Monske, Regional Growth Partnership president and CEO.
Criteria for the award focuses on new corporate facility projects, and must meet at least one of three main requirements: capital investment of at least $1 million, create at least 20 new jobs or add at least 20-thousand square feet of new floor area.
"Site Selection Magazine really is the scorecard for the economic development industry, for folks who are in commercial real estate and who invest and make business decisions. It is not an exaggeration to say Site Selection Magazine is like the bible of the industry," said Kapszukiewicz.
Toledo falls into the mid-size category of 200,000 to one million people in population.
Of the micropolitans, cities with 10,000 to 50,000 people, Defiance, Tiffin, Fremont, and Bucyrus were also recognized.
Officials say this could mean more jobs for residents in Northwest Ohio.
"We have to make sure that we have workers ready, and we have to make sure that we meet the needs of our businesses, to be a strong region of economic development," said Tina Skeldon Wozniak, Lucas County Commissioner.
Omaha, Nebraska came in first and Des Moines, Iowa came in second for mid-sized cities ahead of Toledo.
Findlay came in first for top micropolitans, and will have a special presentation of their accomplishment on Thursday.