Owensboro has earned double recognition in Site Selection Magazine’s prestigious 2024 Governor’s Cups, ranking 9th in Tier 3 Top Metros by Total Projects and 7th in Tier 3 Top Metros Per Capita.
“This achievement is a testament to the incredible collaboration between our businesses, government leaders, and dedicated workforce. Owensboro’s success is the result of a shared vision and unwavering commitment to economic growth,” said Claude Bacon, President & CEO of the Greater Owensboro Economic Development Corporation. “By working together, we are creating opportunities that will benefit our community for generations to come.”
Owensboro and Daviess County experienced an unprecedented surge in economic development in 2024, with major investments totaling more than $415 million and the creation of nearly 700 new jobs across various sectors, local leaders previously said.
The most significant announcement came from Swedish Match, which is expanding its operations with a $232 million investment, creating 450 new jobs. The project was the largest job creation initiative in Kentucky this year. Meanwhile, Mizkan America announced a $156 million expansion of its Owensboro manufacturing facility, adding 44 jobs.
Other developments include R+L Carriers, which invested $25 million and created 63 jobs, and Foam Solutions, which has opened fabrication operations in the former Hickory Springs building with a $600,000 investment and 20 new positions.
While other major projects were announced, such as Publix opening in the Gateway Commons area, the rankings did not include retail developments.
According to a release, “Site Selection’s Conway Projects Database focuses on new corporate end-user facility projects with significant impact, including headquarters, manufacturing plants, R&D operations, data centers, and logistics sites, among others. It does not track retail and government projects, nor schools, hospitals or infrastructure investments. New facilities and expansions included in the analyses must meet at least one of three criteria: (a) a capital investment of at least U.S. $1 million, (b) at least 20 new jobs, or (c) at least 20,000 sq. ft. of new floor area.”
Gov. Andy Beshear said the rankings help show that Kentucky is being recognized nationally for continued economic success and job creation for residents.
“I am proud to see so many of our thriving communities recognized in this year’s Top Metropolitan and Micropolitan rankings,” he said. “It reflects the incredible work being done at the local and state levels to build an even better future in our New Kentucky Home. Congratulations to Owensboro and Daviess County on this year’s strong placement.”
Local officials also celebrated the achievement.
“This double ranking is a clear indicator of our region’s strong economic foundation and commitment to strategic growth,” said Daviess County Judge-Executive Charlie Castlen. “This achievement would not be possible without our hardworking citizens, forward-thinking businesses, and the partnerships that make Daviess County a great place to live, work, and invest.”
City of Owensboro Mayor Tom Watson added, “The success we are seeing in Owensboro is the result of years of vision, planning, and execution. These rankings reflect our ability to attract new businesses, create jobs, and foster a thriving economic climate. We are proud of this accomplishment and excited for what the future holds.”
Owensboro’s last appearance in this listing was a single ranking in 2017. Site Selection Magazine’s rankings are regarded by corporate real estate analysts as an industry scoreboard, according to a release from GO EDC. Officials said the recognition is a key opportunity to attract further business interest.
