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Houston also has the title of you dollar going futher, higher home ownership, ranked as one of the best cities to start up a small business for women and minorites.. was one of only a handful of cities that recouped it jobs lose to the recess.. was one of only a handful of cities to avoid the housing market crash.. payed for two of it three rail lines out of it own pocket.. does that mean it perfect hell no but it is in a hellva lot better shape than alot of us cities
How's that nearly 20 billion dollar deficit workin' for Houston?
How's that nearly 20 billion dollar deficit workin' for Houston?
His post is funny considering Houston is probably in a recession right now and has seen negative job growth for multiple months this year. Yeah, the recession itself may have not hit the city hard, but it's not exactly doing that well at the moment while other cities are basking in pretty strong job growth.
Atlanta has had multiple fortune 500 companies that have been here for a very long time: Delta Airlines, UPS, Coca Cola, Home Depot, and Suntrust are what immediately come to mind for Atlanta.
Atlanta is definitely synomomus with those brands. I was more or less just commenting on a much wider trend than just ATL. I just don't see adding additional fortune 500 companies brings a city to that true world class level. I am in the minority and think that America has precisely one true elite world class city and that's NYC. Literally every other city has some sort of problems or is lacking in something that the true world class cities have.
There is a huge difference between a world class city that has produced numerous fortune 500 companies and still harbors them, and a city who baits other city's companies to come because they can avoid paying taxes and other expenses that go along with being a first world country.
I dont know of many top fortune 500 companies who move to avoid paying taxes unless are they are moving offshore or overseas. Some states have a better business climate and are just better places to relocate but its all about the choices state leaders make. Sectors like tech and energy have just done alot better than manufacturing.
A state like california was smart to get into technology and biotech and not completely rely on financial and manufacturing, they lost alot of defense contracts to virginia and maryland but tech and biotech has kept california booming. A place like texas has always had a huge presence in the energy sector, 3 of the companies in the top 20 of fortune 500 are in texas and are oil companies
Atlanta is definitely synomomus with those brands. I was more or less just commenting on a much wider trend than just ATL. I just don't see adding additional fortune 500 companies brings a city to that true world class level. I am in the minority and think that America has precisely one true elite world class city and that's NYC. Literally every other city has some sort of problems or is lacking in something that the true world class cities have.
I'm somewhat liberal with the world class city designation and don't relegate it to just huge metropolises like NYC, London, Paris, Tokyo, Hong Kong, etc.
Like, for example, if Sydney can be considered world class(it does extremely well in a lot of metrics), than SF, LA and Chicago can be considered world class. All three of these cities are considered top 20 on most lists of cities that come out from different think tanks. D.C. too.
Would people on here consider Barcelona world class? I think it is. Same as Amsterdam.
I'm somewhat liberal with the world class city designation and don't relegate it to just huge metropolises like NYC, London, Paris, Tokyo, Hong Kong, etc.
Like, for example, if Sydney can be considered world class(it does extremely well in a lot of metrics), than SF, LA and Chicago can be considered world class. All three of these cities are considered top 20 on most lists of cities that come out from different think tanks. D.C. too.
Would people on here consider Barcelona world class? I think it is. Same as Amsterdam.
I can see where you are going. I would just split the group in two. One group the true world cities. If I tried to sum up the other group I would call them world class tourist cities.
Last edited by thedirtypirate; 10-08-2015 at 07:15 PM..
His post is funny considering Houston is probably in a recession right now and has seen negative job growth for multiple months this year. Yeah, the recession itself may have not hit the city hard, but it's not exactly doing that well at the moment while other cities are basking in pretty strong job growth.
Sign of things to come? I always thought Detroit and Houston had a couple parallels. Call me crazy, but think about it-sprawling, low-density development during a huge boom period (Detroit's development at the time of its boom phase in the 20s/30s was considered sprawling), lots of automobile infrastructure and dependence, focus on a singular industry (auto for Detroit, oil/energy for Houston) are all things that early 20th century Detroit and 21st century Houston have in common. So in the far flung future, could Houston go through what Detroit did post-1950? Just a theory. And for the record, I do wish the best for Houston, and quite honestly, think it's more likely that Detroit becomes the next Houston (crazy boom town, again). For real, I'm predicting in the next 50 years Detroit will go through some major changes and reach a level not unlike that of Boston, SF, Philly or DC.
Last edited by OuttaTheLouBurbs; 10-08-2015 at 11:37 PM..
Oil is very cyclic though and Houston also has a large medical industry. Houston will boom again when oil prices rise again which they will at some point. I don't think Houston and Detroit compare at all.
Oil is very cyclic though and Houston also has a large medical industry. Houston will boom again when oil prices rise again which they will at some point. I don't think Houston and Detroit compare at all.
what is the large medical industry? The medical center? Overall houston is avearge at best in terms of the medical economy in the relative sense. I only ask as on here everybody cites the TMC yet in my industry no one thinks Houston as a life sciences major player. Great center and phenominal reserch but in terms of economy its one small piece of the medical industry and large hospital facilities are in every city, where is the rest of the life sciences industry in Houston, just dont see it personally
It would be like saying Philadelphia is a large finace center because of vangaurd
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