| Forbes calls Austin America’s No. 1 "boom town" |
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Austin was named the city most likely to grow and prosper during the next decade.
Austin Business Journal
Date: Friday, July 8, 2011 Austin, Texas Austin is accustomed to being at or near the top of this list. It also led the nation in small-business vitality in 2010, and was fourth in 2009. No U.S. market enjoys a faster annual growth rate for small businesses than Austin's 1.5 percent. Read more at South is top region for small businesses. Forbes , in partnership with the Praxis Strategy Group, recently examined what the next decade has in store for America's 52 largest cities. The publication used recent U.S. Census Bureau and the U.S. Bureau of Labor Statistics growth and demographic data to compile a list of the expected "boom towns." The Central Texas region from Round Rock to San Marcos came in first. The report lauded the Austin area for its impressive two-year employment and population growth, as well as the local number of college graduations and children. A separate report said Austin is expected to add 6,000 residents in one month this summer. Other Texas cities high on the list included: San Antonio/New Braunfels (No. 4), Houston (No. 5) and Dallas (No. 7). A slideshow of Forbes' top boom towns is available here. The ranking comes as no surprise, as Austin is a regular on regional "best of" lists. Click here for a roundup of its recent appearances. |
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