Tuesday, April 12, 2011

Study shows San Antonio is nation's best-performing city in recession - Kansas City Business Journal:

http://homemaster.blogetery.com/2011/04/07/sliding-doors/
The Washington, D.C.-based think tank has begun analyzing the impact of the recessiomnthroughout America’s metropolitan areas. In the firsr of a series of quarterltMetroMonitor reports, Brookings ranked San Antonio, Oklahoma City, Houston and Dallas as the top five metroi areas in the country in economiv performance in the wake of the recession. Brookings rankeed the top 100 metropolitan areaw based on six keyindicators — employment, unemployment rates, wages, gross metropolitab product, housing prices and foreclosure rates. This initial MetroMonitor reporyt covers the first quarterof 2009.
The five worsy metropolitan areas in the country impacted by the indescending order, are Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitan areas are feeling the effects ofthis recession, but the distress is not shared equally,” says Alan research director of the Metropolitan Policg Program at Brookings and co-author of the “While some areas of the countru have experienced only a shallow downturn, and may be emerginfg from the recession already, peoplre living in metro areas that are now performing weakestg economically should prepare themselvea for a long recovery period.
” Howard director of the Metropolitan Economy Initiative at Brookings and anothee co-author of the report, argues that the reporg shows that a national fiscaol and monetary policy will not be enouggh for stimulating the economy. “Many areas will need targeted assistance, and since states have no fundx available, the federal government will have to step up to fill the Concentrations of industry activity have both helpedd and hurts some regional economies during the For example, metropolitan areas in states with specializations in energy and government employment — such as Texas, New Oklahoma, Arkansas and Louisiana have largely been insulated by the However, metropolitan areas in states like Michiganj and Ohio that depend heavily on the automotive industry have been impactedc by the downturn in the economy, the reporrt shows.
San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Force Base and Brooks The 2005 Base Realignment and Closure decision alone is providing a significant economic punchg to the Alamo City’as economy through the consolidation of high-payinb military health care jobs and more than $2 billiom worth of new construction activity. A separate report released by LLC outlining the impact of BRAC showe that Fort Sam Houston alonse would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millionm square feet of space.
Construction activity due to BRAC alones shouldcreate 46,000 construction jobs during the coursew of the building programs, the DiLuzio report

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