Area Development
Site & Facility Planning Insider
Area Development recently ranked 394 MSAs across 21 economic and work force indicators, which were pulled from seven (7) data sets originating with the Bureau of Labor Statistics, U.S. Census American Community Survey, and Emsi. The 2018 Leading Metro Locations are based on these rankings.

Eight of the top-10 metros are in the Pacific and Mountain regions: San Jose-Sunnyvale-Santa Clara (CA) ranked first overall, followed in the remaining top-10 spots by San Francisco-Redwood City-South San Francisco (CA), Oakland-Hayward-Berkeley (CA), Reno (NV), Napa (CA), Columbus (IN), Portland-Vancouver-Hillsboro (OR-WA), Elkhart-Goshen (IN), Carson City (NV), and Denver-Aurora-Lakewood (CO).

Many of the small and mid-size metros ranked highly for their economic strength as well as year-over-year and longer-range growth (more than half of the top 30). However, of the top-30 within the “Prime Workforce” category, 19 are large MSAs, reflecting their larger, skilled populations from which to draw the workforce.

The 2018 Leading Metro Locations reflect the nation’s overall growth, as the country enjoys — what is to date — the second-longest economic expansion on record.

2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List

Area Development Research Desk
Karen Thuermer, Staff Editor, Area Development

The 2018 Leading Metro Locations reflect the nation’s overall economic growth as the country enjoys the second-longest economic expansion on record, with many small and mid-size metros exhibiting economic strength.

Read the whole story...

 

Mississippi: Where Key Stakeholders Cooperate for Business Success

Economic development is really a people pursuit. So say those who lead the effort in Mississippi.

It’s about people at state and local governments and agencies who are committed to working with their people partners in business and industry. And it’s about the people whom those businesses hire to succeed in their work. “Gov. Phil Bryant loves to remind people that we work with people,” says Glenn McCullough Jr., executive director of the Mississippi Development Authority.

Learn more about how businesses and the economic development community are working together in Mississippi»

Explaining the Emergence of Smaller and Western Metros

Joshua Wright, VP, Economic and Workforce Development, Emsi

With fast-growing populations and diverse economies, states in the West and Mountain region are showing significant economic growth, while smaller metros are benefitting from their larger urban neighbors’ spillover effect.

Read the whole story...

 
Editor's Picks: Metros

Brain Gain: Professionals Find Niche in Rural Upper Midwest - Daily Yonder

Winchester looked at Census data to show that the so-called rural “brain drain” popularized in the 2009 book “Hollowing Out the Middle” is being countered by “brain gain.” Rural communities may be losing high school graduates, but they’re gaining residents with more skills and education, according to studies in Minnesota and Nebraska. In Minnesota, Winchester found that most rural Minnesota counties have gained 30- to 49-year-olds, early- to mid-career Minnesotans with significant resources and connections.  More »

California Must Be Doing Something Right in Trump’s America - Bloomberg

Just about every policy Donald Trump imposes to make his America great is opposed by the world's fifth-largest economy. That would be California, which is growing faster and outperforming the U.S. in job growth, manufacturing, personal income, corporate profits and the total return of its bonds. More »

Growth In America Is Tilting To Smaller Cities - Newgeography.com

We are often told that America’s future lies in our big cities. That may no longer be entirely true. Some of the strongest job creation and population growth is now occurring in cities of 1 million people or less. More »

St. George, Utah, Is Booming, and Guzzling Water - CityLab

As St. George, Utah grows, it will have to cut down on its high water consumption or pay handsomely for it—or both. More »

Where Graduates Move After College - WSJ

Which cities have the most drawing power among college grads? Small metros lose out to big ones in gaining graduates, but some buck the trend. Our database of 445 schools shows where the alumni of each one wind up. More »

The Midwest Is Booming—Just Not Where You Think - Newgeography.com

The Midwest is booming, but not where you might think. Kansas City, Minneapolis, Indianapolis, Columbus, Grand Rapids, and Des Moines are the fastest-growing cities in the Midwest—lapping bigger hubs like Detroit, Cleveland, Buffalo, Pittsburgh, St. Louis, and even Chicago that are still suffering from stagnant economies and slow or even negative population growth. More »

Exploring the Labor Market in Amazon HQ2 Finalist Cities - Chmura

While there are twenty finalist “cities” selected by Amazon, here we are looking at the larger metro regions associated with each finalist, and only those in the United States. Because Toronto is not in the United States and five other finalists are within two metro areas (Newark and New York City in the NYC Metro area; Washington DC, Montgomery County, MD, and Northern Virginia in the Washington DC Metro area), we are left with sixteen distinct metro areas for our analysis:  More »

Millennial growth and “footprints” are greatest in the South and West - Brookings

Drawing from my report, “The millennial generation: A demographic bridge to America’s diverse future,” the maps below depict the range of millennial growth and presence across the nation’s 100 largest metropolitan areas over the first half of this decade. More »

Why Cities Boom While Towns Struggle - WSJ

The jobs gap is also a jobs map: Places that succeed have a critical mass of creativity. More »

Milken Institute Releases Index of Best-Performing - Milken Institute

Top-20 includes Provo, Raleigh, Dallas, San Francisco, Nashville, Atlanta; Six cities in Florida and four in California rank in top-tier; Milken Institute analysis demonstrates impact of policymaking on jobs, wages, technology development, and other measures More »

Consultants Forum Upcoming Events

Attend Consultants Forum 26
Eden Roc Hotel, Miami Beach, Florida
December 3-5, 2018

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Area Development Consultants Forum
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