Area Development Reports on Leading Metro Locations for Growth: Pacific and South-Atlantic Metros Dominate the List
WESTBURY, N.Y.--(BUSINESS WIRE)--Dec 19, 2019--
Area Development, the premier publication covering the site location and facility planning process, recently ranked 399 MSAs across 16 economic and work force indicators, which were pulled from six (6) data sets originating with the Bureau of Labor Statistics and U.S. Census American Community Survey. Based on these rankings, the publication has announced its Leading Metro Locations for 2019.
Five of the top-10 metros are in the Pacific region: Reno (NV) ranked first overall, followed in the remaining top-10 spots by San Jose-Sunnyvale-Santa Clara (CA), Napa (CA), San Francisco-Redwood City-South San Francisco (CA), Columbus (IN), Oakland-Hayward-Berkeley (CA), Seattle-Bellevue-Everett (WA), Spartanburg (SC), Orlando-Kissimmee-Sanford (FL), and St. Louis (MO-IL). A change in methodology over previous years has resulted in some newcomers in the top ranks, while past leading metros still make an appearance.
Based on overall results, MSAs were ranked across nine (9) regions, as well as according to size in three categories: large (population >600,000), mid-size (population 160,000–600,000), and small (population <160,000). They were also ranked within the “Prime Workforce,” “Economic Strength,” “Five-Year Growth,” and “Year-Over-Year Growth” categories, each based on selected indicators.
San Francisco-Redwood City-South San Francisco (CA) ranked first for “Prime Workforce” and was also the overall leader among large metros. Reno (NV) ranked first among mid-size metros and was the leader for “Year-Over-Year Growth” as well as “Five-Year Growth.” Napa (CA) ranked first among small metros. The overall leader in the “Economic Strength” category was Decatur (AL).
The regional leaders were Bangor (ME) — New England; Bloomsburg-Berwick (PA) — Mid-Atlantic; Decatur (AL) — South; Spartanburg (SC) — South Atlantic; Columbus (IN) — Midwest; Dallas-Plano-Irving (TX) — Southwest; Lawrence (KS) — Plains; Reno (NV) — Mountain; San Jose-Sunnyvale-Santa Clara (CA) — Pacific.
“The 2019 Leading Metros reflect the nation’s overall economic growth, as the country enjoys the longest economic expansion on record,” said Geraldine Gambale, editor of Area Development. “Leading MSAs have demonstrated that having a prime workforce is essential to short- and long-term economic growth.”
The full report on the Leading Locations was published in the Q4/2019 issue of Area Development and posted online at http://www.areadevelopment.com/LeadingLocations2019.
Area Development is published quarterly and also maintains several highly visited websites, which can be reached through www.areadevelopment.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191219005107/en/
CONTACT: Area Development Magazine
Gerri Gambale, Editor, 516-338-0900 Ext. 211
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE COMMUNICATIONS CONSTRUCTION & PROPERTY PUBLISHING
SOURCE: Area Development Magazine
Copyright Business Wire 2019.
PUB: 12/19/2019 10:00 AM/DISC: 12/19/2019 10:01 AM