CALIFORNIA BUSINESS MINUTE
Fastest Growing Communities
02-16-10
Hi, I am Tim Johnson and welcome to the California Business Minute.
Little Rock, Arkansas based- the Gadberry Group recently announced its list of
last year's nine most notable high-growth areas in the US, known as the Gadberry
Group's 9 from 2009.
•Braselton, Georgia (Atlanta suburb)
•Atascocita, Texas (Houston suburb)
•Spring Hill, Tennessee (Nashville suburb)
•Lincoln, California (Sacramento suburb)
•Katy, Texas (Houston suburb)
•Wake Forest, North Carolina (in the Raleigh-Durham triangle)
•Mansfield, Texas (Dallas suburb)
•Wylie, Texas (Dallas suburb)
•Buckeye, Arizona (Phoenix suburb)
"Compiling the 2009 list was especially interesting as we anticipated the impact
of current economic conditions," said Gadberry Group principal Larry Martin. This
year's list averaged household growth of 170% from 2000 to 2009, compared to last
year's list average of 267% for the same period. Martin noted that, in light of
current economic challenges, the 2009 list might well include the most resilient
areas featured yet.
Lincoln, California took the number two spot for percentage of household growth
from 2000 to 2009 growing from 6,287 in 2000 to 21,997 households in 2008, or
250%. Lincoln boasted the highest average household net worth of the group at
$593,668. The area also led the group for average household Economic Stability
Index with a rating of 7.8 on a scale of 1-30, with 1 being the most economically
stable. Lincoln also had 12 Emerging Blocks. Additionally, Lincoln's Asian
households increased more than any other group, growing from 113 in 2000 to 864
in 2009. Among the 16 Asian countries of origin, Indian households were the largest
group at 22%.
"Our success in Lincoln's growth has come through a vision by our city council
and citizens of Lincoln, said Steve Art, Economic and Redevelopment manager for
the City of Lincoln, in the Gadberry press release. "We know we are creating a
community where family and quality of life mean something. It's these traits and
qualities, plus the attraction of Placer County and its amenities that I believe
helped us to become among the elite on the Gadberry list in 2009."
I am Tim Johnson and this has been the California Business Minute.
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