Site Selector magazine recently announced that Lima is in a tie for sixth place in the nation for development projects. Lima is among other small metropolitan areas, with 10 development projects attracted in 2015. In 2014, Lima was ranked 24th.
“It’s a good indication of the strength and diversity of our economy,” according to Jeff Sprague, President & CEO of Allen Economic Development Group. “As you look at the projects we work on and the scope of those projects, you have local companies investing and reinvesting in our community, and then you also have global companies located here investing in our economy.”
Retail, residential and government projects do not qualify. Qualifying projects must meet one of the following criteria:
- Capital investment of at least $1 million
- Create at least 20 new jobs
- Add at least 20,000 square feet of space (either in a standalone building or an addition)
Examples of such projects include expansions at Bluffton’s Diamond Manufacturing, Delphos’ K&M Tire and Nelson Packaging in Bath Township, the last project adding 140 new jobs. Click here to read the entire Lima News article.