San Antonio woke up to great news this morning! The Brookings Institution has ranked San Antonio as THE strongest metropolitan area in the country for economic performance in the wake of the recession! The top five cities mentioned in the report are San Antonio, Oklahoma City, Austin, Houston, and Dallas.
The top 100 metropolitan areas were ranked by Brookings based on six key indicators — employment, unemployment rates, wages, gross metropolitan product, housing prices and foreclosure rates. This report covers the first quarter of 2009 and additional reports will be released quarterly.
Howard Wial, director of the Metropolitan Economy Initiative at Brookings and a co-author of the report, says that “Many (metro) areas will need targeted assistance, and since states have no funds available, the federal government will have to step up to fill the void.”
Randolph Air Force Base, Fort Sam Houston, Lackland Air Force Base and Brooks City-Base are all located in San Antonio. The 2005 Base Realignment and Closure decision is giving a huge economic boost to our city's economy through the consolidation of high-paying military health care jobs and more than $2 billion worth of new construction activity.
In a separate report released by The DiLuzio Group LLC regarding the impact of BRAC, Fort Sam Houston alone will realize an 11,500 increase of personnel. Ft. Sam will also gain 7.9 million square feet of space. Construction at BRAC will create around 46,000 construction jobs during the building programs.
Viva San Antonio!
Hablamos español.
As an SRES® designee, I have received additional education on such topics as tax laws, probate, estate planning, equity conversion strategies, and can offer you information on current market trends as well as valuable resources regarding real estate transactions.
Howdy there Shirley
I sure do always enjoy reading good things, that are going on in my friends areas.
Go San Antonio Go!!!
Awesome news Shirley! Thanks for sharing.
Hi Dale and Ricki, Thanks for stopping by and for commenting on my post.