In this week’s edition of Newsweek, Raleigh-Durham is listed as one of the top 10 places in the country you can go to escape the recession. While not everyone in our area will agree with this, we have seemingly kept our head much higher above water than most areas.
Remember when restaurants and bars in the downtown Raleigh area were closing just as fast as they were opening? Has been a while since we have been able to report a significant closing in the area. Downtown is definitely continue to bustle and Newsweek can see that. Interestingly, Newsweek also reports that it’s the political red leaners that are keeping these areas (including our own) afloat. Thanks y’all!
NEWSWEEK has compiled a list of the 10 American cities best situated for the recovery. These are places where the jobs are plentiful, and the pay, given the lower cost of living, buys more than in bigger cities. In other words, places unlike much of the rest of the country. The cities, most of which lie in the red-state territory of America’s heartland, fall into three basic groups. (Texaplex, New Silicon Valleys and Heartland Honeys)
There are the New Silicon Valleys—Raleigh-Durham, N.C.; Salt Lake City; and urban northern Virginia—which offer high-paying high-tech jobs and housing prices well below those in coastal California.
Although Massachusetts and California are lauded as the places “where the brains are,” neither ranked high in the growth of tech jobs over the past decade. More important is where the brains are headed.
A lot of them are going to North Carolina, Virginia, and Utah. The population of Raleigh-Durham grew faster than any major U.S. metropolitan area during the recession, and the city ranked third on NEWSWEEK’s list in terms of job growth over the last decade.