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CALIFORNIA BUSINESS MINUTE
Best Metro Areas for Business
12-14-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
Wall Street Journal’s, Market Watch revealed its annual ranking of the “Best
Metro Areas for Business” and the nation’s capital retains its top ranking.
Meanwhile, California cities remain at the bottom of the 102 metro areas ranked.
The rankings are based up several categories: For example, a ‘Company Score’
measures the concentration of businesses within a metro area according to several
gauges. An ‘Economic Score’ looks at a number of metrics, including unemployment,
job growth, population growth, personal income and local GDP. The following lists
the top ten cities.
Top Ten Best Metro Areas for Business
1. Washington DC
2. Boston, MA
3. Des Moines, IA
4. Minneapolis, MN
5. Omaha, NB
6. Oklahoma City, OK
7. Salt Lake City, UT
8. Austin, TX
9. New York, NY
10. San Antonio, TX
Four metro areas Oklahoma city, Salt Lake City, Austin and San Antonio replaced
others on the list. Of interest, Denver, Seattle, Richmond fell of the list.
Omaha fell to fifth and Des Moines increased to third. Last year Harrisburg, PA
was on the list. They have been fighting bankruptcy this year. Also typically
seen are regions such as Birmingham, Alabama which is not on the list as they
have filed for bankruptcy and Raleigh, North Carolina.
As for cities in California, they did not fare well. San Jose however did jump
14 positions to 25th. San Francisco also rose to 31st up from 33rd. It was
followed by San Diego dropped one spot to 38th. Los Angeles is at 58, up from
61st and Oxnard jumped to positions to 83rd from 85th. Unfortunately six metro
areas in California remained in the bottom ten Bakersfield 92, Modesto 96,
Sacramento 99, Fresno 100, Riverside 101 and Stockton 102.
I am Tim Johnson and this has been the California Business Minute.
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