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Old 03-30-2010, 09:39 AM
 
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Also from Site Selection magazine (see my other recent thread about the Shale gas play), here is a ranking of U.S. metros by the number of corporate facility deals in 2009 (again, this is what Site Selection is all about: location decisions by businesses):

TOP METROS OF 2009 -- Site Selection magazine, March 2010



The fact that Pittsburgh, which is the #22 Metro Area by population, was #7 on this list shows the relative health of the corporate development situation here.
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Old 03-30-2010, 12:10 PM
 
Location: West Paris
10,116 posts, read 5,528,579 times
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Detroit ??
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Old 03-30-2010, 01:32 PM
 
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Quote:
Originally Posted by french paris View Post
Detroit ??
I noted that too, but it may be a price thing.
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Old 03-30-2010, 02:05 PM
 
Location: Pittsburgh, PA
3,945 posts, read 3,580,705 times
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Quote:
Originally Posted by french paris View Post
Detroit ??
Your point, while the city has pretty much seen a depression with this recession, it still has a large population and is home to the auto industry which is thankfully rebounding.
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Old 03-30-2010, 04:06 PM
 
Location: West Paris
10,116 posts, read 5,528,579 times
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ok
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Old 03-31-2010, 09:58 PM
 
85 posts, read 194,219 times
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Quote:
Originally Posted by french paris View Post
Detroit ??

More like bankruptcy restructuring. All of the automaker's assets were transferred into the 2 new corporations or sold to third parties, and a bunch of their suppliers closed down and their sites were probably foreclosed on. So Pittsburgh should really be #6.
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Old 04-01-2010, 12:29 AM
Status: "60th anniversary of the polio vaccine! Hail to Pitt!" (set 12 days ago)
 
Location: Foot of the Rockies
70,066 posts, read 60,674,394 times
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Elkhart, Indiana #1 in its size category? Apparently, the # of corporate facility deals has little to do with the health of the economy. Elkhart has one of the highest unemployment rates in the country 348/372, 15.6%.
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Old 04-01-2010, 07:11 AM
 
20,274 posts, read 18,901,765 times
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There was a sidebar in the linked article about Elkhart. Apparently it has seen a boom related to RV and boat sales, plus investments in electric vehicles:

Quote:
The RV capital of America took anything but a vacation in 2009 as it claimed the No. 1 ranking in corporate facility projects among all U.S. metropolitan areas of less than 200,000 people. Elkhart-Goshen, Ind., where 25 percent of workers are employed in recreational vehicle manufacturing, led all tier-three metros by landing 17 corporate real estate deals that meet the criteria of the Conway New Plant Database. . . .
Moderator cut: shortened, copyright protection. Please provide a link to the original source

Last edited by Yac; 04-02-2010 at 02:32 AM..
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Old 04-01-2010, 08:33 AM
 
20,274 posts, read 18,901,765 times
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By the way, this little discussion of Elkhart reminds me that we are really experiencing two different recessions in different parts of the country. Parts of the country are experiencing a financial-crisis/real-estate-bubble recession, which historically tend to be L-shaped (meaning the recovery is frustratingly slow). Other parts of the country are experiencing a more classic industrial/business-cycle recession, which can be very severe but tend to be more V-shaped (meaning the speed of the recovery roughly matches the speed of the decline). So, for example, both manufacturing and real-estate-development crashed hard during the decline, but now during the recovery manufacturing has actually been a leading growth sector, whereas real-estate-development is still stuck at the bottom of the ditch.

Which is not to say everything is back to normal yet in places like Michigan and Indiana--the decline was so severe and protracted that it will take a while to dig all the way back out. But on the other hand, I don't think it is surprising these areas would be showing relatively high levels of new activity for a while as they experience something of a V-shaped recovery.
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