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View Poll Results: What city will have the best economy in the future?
Atlanta 19 44.19%
Los Angeles 24 55.81%
Voters: 43. You may not vote on this poll

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Old 02-03-2011, 05:03 PM
 
175 posts, read 167,394 times
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What city will have the best economy in the future?

Criteria

* unemployment ratings
* office space available
* companies losses or gains
* affected industries
* niches lost or gained
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Old 02-03-2011, 05:12 PM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 12,229,853 times
Reputation: 4047
Atlanta will have the better economy in the future given the present moment, in my opinion.

In the last 2 weeks, Atlanta's Rock-Tenn (F500 Company) recently acquired a company called "Smurfit Stone" that is based in Saint Louis.

Los Angeles hasn't seen the best of times in the recent years, its been losing a lot of corporate clout, like they are supposed to lose their main and most profitable company Northrop Grumann to Washington DC, although that does come from the factor that Washington DC is the prime location for defense & assembly. They also lost Hilton International (The hotel company) to Washington DC last year.

And also by unemployment rates, Los Angeles is a bit higher, and the Inland Empire (also in Los Angeles CSA) is higher than even Los Angeles MSA. So its not looking too god right now for Los Angeles.

Neither cities are doing well, but one is doing significantly better than the other at the present moment. However, Los Angeles is situated in the Pacific Rim, its got the location to make it work, it just needs an aggressive city government to push for it to happen and make more strides to bettering its economy. I hope it can do it, and Atlanta too, because every city in America should be strong.

For right now, Atlanta has the edge, and in the future, its a toss up, it depends on what Atlanta plans to do, it can keep the edge but its more difficult for Los Angeles at this point.
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Old 02-03-2011, 05:16 PM
 
175 posts, read 167,394 times
Reputation: 60
Both cities have a crappy economy but I still believe LA will have the better future because they have a niche.

Atlanta has lost a couple companies over the past couple of yrs. Their unemplement is not getting better, but only worse. The atlanta economy is the equivalent of a drunk redneck driving a 18 wheeler on a two lane highway in a blizzard with explosives in the back looking for the nearest exit to eat at a waffle house. The economy in this city is just waiting to blow up and become the next detroit.
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Old 02-03-2011, 05:20 PM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 12,229,853 times
Reputation: 4047
Quote:
Originally Posted by travel guy View Post
Both cities have a crappy economy but I still believe LA will have the better future because they have a niche.
This is true, having a niche really does put you on the map in some ways not having one cant. I would be willing to bet that if Los Angeles modernizes its niche, which is the Film Industry, it can make a lot of bank off that.

Modernizing it as in becoming more high tech, more digital graphic animation, more involvement of the internet, more of that kind of stuff. It would work nicely for their economy.
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Old 02-03-2011, 05:44 PM
 
Location: Columbus, GA
3,868 posts, read 5,699,345 times
Reputation: 834
Atlanta
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Old 02-03-2011, 06:35 PM
 
2,565 posts, read 5,021,625 times
Reputation: 850
Quote:
Originally Posted by DANNYY View Post
Atlanta will have the better economy in the future given the present moment, in my opinion.

In the last 2 weeks, Atlanta's Rock-Tenn (F500 Company) recently acquired a company called "Smurfit Stone" that is based in Saint Louis.

Los Angeles hasn't seen the best of times in the recent years, its been losing a lot of corporate clout, like they are supposed to lose their main and most profitable company Northrop Grumann to Washington DC, although that does come from the factor that Washington DC is the prime location for defense & assembly. They also lost Hilton International (The hotel company) to Washington DC last year.

And also by unemployment rates, Los Angeles is a bit higher, and the Inland Empire (also in Los Angeles CSA) is higher than even Los Angeles MSA. So its not looking too god right now for Los Angeles.

Neither cities are doing well, but one is doing significantly better than the other at the present moment. However, Los Angeles is situated in the Pacific Rim, its got the location to make it work, it just needs an aggressive city government to push for it to happen and make more strides to bettering its economy. I hope it can do it, and Atlanta too, because every city in America should be strong.

For right now, Atlanta has the edge, and in the future, its a toss up, it depends on what Atlanta plans to do, it can keep the edge but its more difficult for Los Angeles at this point.
Rock-Tenn bought SmurfIt Stone? You ****in kidding me? GOD DAMNIT! (This creates a lot of work for me at the office)
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Old 02-04-2011, 01:11 AM
 
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,171 posts, read 12,229,853 times
Reputation: 4047
Quote:
Originally Posted by EndersDrift View Post
Rock-Tenn bought SmurfIt Stone? You ****in kidding me? GOD DAMNIT! (This creates a lot of work for me at the office)
Yes haha. Smurfit Stone is no more.

Rock-Tenn to Acquire Smurfit-Stone for $3.5 Billion - Bloomberg
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Old 02-04-2011, 01:55 AM
 
Location: Sacramento CA
1,342 posts, read 1,648,317 times
Reputation: 295
Portland Oregon will.
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Old 02-04-2011, 11:39 AM
 
Location: Washington, DC NoVA
1,106 posts, read 1,888,434 times
Reputation: 775
atlanta!
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Old 02-04-2011, 02:20 PM
 
Location: New Jersey
908 posts, read 1,518,898 times
Reputation: 460
La
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