Dallas has done it again!! We’ve made another ‘BEST’ list. this time we are on Forbes, ‘Best Cities For Recession Recovery’. Forbes looked at such things as a diverse economy and heavy growth coming from education and health care in recent years. they also used data on gross domestic product from Moody’s Economy.com, unemployment and employment from the Bureau of Labor Statistics, home prices and affordability from the National Association of Homebuilders, and population data from the U.S. Census Bureau. Data are for Metropolitan Statistical Areas. Cities topping the list are not in states that experienced the massive real estate bubble such as California, Nevada and Florida. Austin and San Antonio also made the top ten.
Dallas-Fort Worth-Arlington, Texas
Current GDP: $274.6 billion
End of 2010: $287.9 billion (projected)
Unemployment: 6%
A combination of technology companies like Texas Instruments, communications firms like AT&T and energy companies like TXU (the subject of a $45 billion leveraged buyout in 2007), and the generally strong Texas economy, mean that Dallas is on firm footing for recovery. According to the much-watched Case-Shiller index of home prices, real estate in Dallas has fallen less from its peak than any of the other 19 cities tracked by the index.
Tags: best cities, dallas, forbes
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