Bowling Green, KY., (July 13, 2020) – Southern Business Development Magazine awarded Bowling Green with an ‘Honorable Mention’ as part of the 2020 SB&D 100. This award is given to states and cities with a significant number of companies making financial investments within their respective communities. This is the third time Bowling Green has received the award within the past decade.
“We are honored to be recognized by Southern Business Development Magazine. Being among this elite group of communities demonstrates that our expansion and recruitment efforts are working well,” said Bowling Green Area Chamber of Commerce President and CEO Ron Bunch. “It also highlights the leadership being shown by corporate executives who view Bowling Green and Warren County as a premier business location within the Kentucky and the world.”
“The companies located in Bowling Green have proven time and time again that they are committed to growth. We are grateful for their continued investment and commitment to our area,” said Bowling Green Mayor Bruce Wilkerson.
“We cannot think of a better way to judge a state or a community's attractiveness to targeted business than to count and identify the companies making significant financial commitments to that state or community. That's what we do with the annual SB&D 100,” said Mike Randle, Southern Business Development Magazine.
“We work diligently to ensure that Warren County is highly attractive for companies considering an investment in their future. Our strategic location, supply chain access, strong workforce and available product make our area a compelling consideration for companies to grow here. We are pleased to be recognized by Southern Business Development Magazine and for the opportunity to bring awareness to our entire community,” said Warren County Judge-Executive Michael Buchanon.
To be included in the SB&D 100, Bowling Green had to receive sufficient points based on the amount of corporate investments and the number of jobs created, as publicly announced by corporations. Points are calculated by assigning 10 points for each SB&D 100 announcement and 5 points are given for each JMD (just missed deal). This year's SB&D 100 threshold was 400 jobs – the number of jobs for the 100th largest project -- so all announcements made of 400 jobs or more earned 10 points. 5 points were given for announcements of 200 to 399 jobs. This year's Investment 100 threshold was $109 million, meaning 10 points were awarded for announcements meeting or exceeding that total, and 5 points for deals worth $30 million to $108.99 million in investment.
Year to date in 2020, the Bowling Green Area Chamber of Commerce has closed two economic development projects totaling $150.3 million in capital investment and generating 141 new jobs for 2020. Bowling Green was recently recognized by Site Selection magazine as a top tier-2 metropolitan area in the United States (marketing the 7th consecutive year being nationally ranked) and was ranked among the top 20 for 2018’s ‘Best Small Cities to Start a Business’ by Wallethub.com.
About Southern Business Development Magazine
SB&D MAGAZINE is the only media property that covers economic development in the American South, the world’s third-largest economy. Its following over more than 25 years is legendary, as many readers tell us each quarter that they read the magazine “cover to cover.” SB&D has been quoted by CNN, Time, AP, ABC News, Fox News, CNBC, MSNBC, PBS, The Huffington Post, Yahoo, Al Jazeera, the BBC and dozens of other electronic media and in publications such as The Wall Street Journal, USA Today and The New York Times.
About the Bowling Green Area Chamber of Commerce
Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star Accredited Chamber by the U.S. Chamber of Commerce. As the fourth largest chamber in Kentucky, the Chamber serves as the driving force for South Central Kentucky’s Business Community providing valuable services to over 1,300 partners, advocating a positive business environment and stimulating economic development for the area. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors, in order to enhance the business climate and continue to grow the region.