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Old 12-16-2011, 02:41 PM
1,017 posts, read 2,126,069 times
Reputation: 729


Don't mess with Texas...

Best-Performing Cities: Don

Two years after "the great recession" officially ended, times remain tough for many Americans. The housing market has yet to rebound and the unemployment rate remains near 9%.

Despite national economic weakness, there are some cities and states around the country that are thriving, according to the Milken Institute's 2011 annual Best-Performing Cities survey, which evaluates cities over a five-year period on jobs, wages and technology performance.

Texas in particular is booming. Its cities have topped the Best-Performing Cities Index for two years. This year, San Antonio leaped 13 spots to rank number one on the survey of 200 large metros, followed by El Paso. The state also claims four of the top five positions and nine of the top 25, down slightly from 11 in 2010. So what does this mean in terms of jobs?

Texas created one in every six new jobs through Oct. 31 of this year!
The institute's chief research officer Ross DeVol joined The Daily Ticker's Aaron Task in the accompanying video and says Texas' economic success rests upon increased exploration of oil and gas activity, consolidation of military bases, increased trade with Mexico, low business costs and a business friendly environment.

Utah metros also performed well in 2011, taking three of the top 25 spots on the list, versus just one a year ago. Salt Lake City jumped to 6th place from 49th in 2010, due in part to the increased diversity of business and industry there including pharmaceuticals, financial services and high-tech companies. Utah was the only state to double the volume of its exports over the past five years.
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Old 12-17-2011, 07:42 AM
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Originally Posted by jacobwilliam77 View Post
Don't mess with Texas...
No worries, it's all yours..
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Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

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