For the first time in its history, the Altoona, PA MSA is at the top of Site Selection Magazine’s list for MSA’s with a population of 200,000 and under for the entire country. Altoona shares the top ranking for 2013 with Sioux City
and Dubuque Iowa, all three communities with 14 corporate facility investment projects.
“Our 14 projects were almost all local, home-grown companies that are going through expansions,” says Marty Marasco, President/CEO of the Altoona-Blair County Development Corp. “We emphasize retention and expansion of existing companies. Relocations today are very difficult.” Altoona beat out Odessa, Texas, which had
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12 projects, and Gainesville, Ga., which registered 11. Also ranking in the top 10 were Decatur, Ala., Bowling Green, Ky., and Battle Creek, Mich., with nine each, followed by Sheboygan, Wis., and Auburn-Opelika, Ala., with eight.
Among the projects that helped the Altoona area earn a top ranking are; Value Drug Co. and their $30 million investment into 190,000 sq. ft. corporate office and distribution center and the announcement of a $200 million project for Marcellus GTL for the construction of a natural gas to liquid processing plant just to name a few.
“It is a diversified economy here. We are home to the corporate headquarters of Sheetz Inc., a gas station and convenience store chain that employs 4,000 people in Blair County and 13,000 people in the six-state area. We are also home to American Eagle Paper and Albemarle Corp., a chemicals company that just expanded by $30 million. It was started by two guys out of State College, Pa. They now employ more than 230 people here.”
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