Newsweek: Raleigh-Durham Top 10 Places for Recession Recovery

Newsweek: Raleigh-Durham Top 10 Places for Recession Recovery

November, 09, 2010, by Jedidiah

Advertise on NR

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!

From Newsweek:

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.








Read More

, Other posts by Jedidiah.

Tagged

Recession

Related

  • John
    11/09 02:52 PM

    They noted that red states performed well but I don’t think you can call NC one of them.  We weathered the recession under the political leadership of mostly Democrats at both the city and state level.

  • steelcity36
    11/09 02:59 PM

    @John - True, but a North Carolina Democrat would be considered a Republican in any other State except South Carolina.

  • John
    11/10 09:43 AM

    I am not so sure about that Steelcity36.  Many Democrats across the country are really pretty middle of the road like they are in NC.  The real differnces will be seen when the effects of the newly elected Republican majority takes control in a few weeks.  I guess we’ll just have to stay tuned to see?

  • casual observer
    11/14 10:52 PM

    I look at this growth and I see nothing but corporate greed and unchecked profit on the part of local industry.  This illustrates the need for a higher corporate tax rate, at least at the local level.  Clearly there is revenue to be had that would be better spent on NC roads, schools, and more effective administration at the state and local level.

    Please join me in calling for higher corporate tax rates in our great state, so we can stay competitive.

Share Your Thoughts

Commenting is not available in this channel entry.