Midland now is considered one of the top 10 metro areas in the country for economic growth potential and alternative energy industry growth, according to a national business site selection magazine.
Business Facilities magazine announced last week that Midland is ranked third in the country for economic growth potential in an area with less than 200,000 residents. Midland also placed third nationwide in the magazine's top 10 alternative energy industry leaders category.
First and second places in the top 10 metro areas for economic growth potential were Panama City, Florida, and Manhattan, Kansas. Tucson, Arizona, and Albuquerque, New Mexico, were in the top two spots in the top 10 alternative energy industry leaders category.
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"We're very pleased that Midland has received this recognition," said Maureen Donker, Mayor of the City of Midland. "We work hard at making Midland a top location for businesses of all sizes, and this award helps recognize the success of our business community."
Over the last several years, Midland has become a hotbed for alternative energy manufacturing, with a cohort of entrepreneurial businesses in all areas from alternative energy (Midland Solar Applications, Fulcrum Composites) to energy generation (Kinetic Wave Power, Advanced Battery Concepts and Point Hope Energy). Midland also has a host of growing, second-stage clean technology and advanced manufacturing companies, such as AEGIS Environments, The Apothecary Shoppe Pharmacies, Ingenuity IEQ, Liquid Molding Systems, and the manufacturing efforts of Michigan Molecular Institute. In addition, Midland is the global headquarters of The Dow Chemical Company and Dow Corning Corporation, global chemical companies making significant inroads into alternative energy applications.
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