Texas Cities Dominate 2011 Milken Report
Texas cities dominated the rankings again this year with nine metros in the top 25 compared with 11 last year.
Texas cities topped the lists of both the 200 large metros (San Antonio) and the 10 largest metros in the country (Houston). In fact, Lone Star State employers created one in five new U.S. jobs during the 12 months ending June 2011. Employers in the Houston and Dallas metro areas alone were responsible for one in 10 U.S. jobs.
As documented in the full report, Texas cities have benefited from a low reliance on durable goods manufacturing, low business costs, a favorable business climate, the consolidation of military bases, renewed trade with Mexico and South America, and ongoing energy exploration activities and alternative fuels research.
A few gain traction from higher computer and chip production. Add assertive recruiting of businesses from out of state, and you have the secret sauce behind Texas’ success.
San Antonio, Texas, leaped 14 positions to earn the top spot in our 2011 ranking of the 200 large U.S. metros.
Houston–Sugar Land–Baytown, Texas, was the best performer among the biggest cities, though it slipped six spots to 16th in the overall index.
Oncor communities fared well in the report with Austin-Round Rock, Killeen-Temple-Fort Hood, Dallas-Plano-Irving, and Ft Worth-Arlington all in the top 25.
For the full report select Cities.View more on: Economic Indicators, Texas Business News, Texas Facts and FiguresMore Events