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Raleigh (#3), Charlotte (#13), and Durham (#16) rank in the top 35 largest metro cities with most job opportunities

35 Fast Growing Cities With the Most Job Opportunities

People are flocking to these booming cities.

If you're looking for an up-and-coming city with a growing business scene, you won't find popular destinations like New York City or Los Angeles on any list.

Rather, Texas and parts of the Mountain region are taking over and considered the "biggest boomtowns" in America.

That's according to MagnifyMoney, which looked at the 100 largest metropolitan areas around the US and their change from 2011-2016 to determine which cities have the biggest influx of people, most work opportunities, and biggest business growth based on US Census data.

To calculate the ranking, every metro was scored on a scale of 100 in three categories:

  • People and housing: How many people are flocking to the area and is the metro keeping up, considering total population and housing units.

  • Workforce and employment opportunities: Unemployment rates, civilian labor force, and median earnings.

  • Growing industry: Rate of business and industry growth, including number of establishments and paid employees per paid period.

Each category was scored relative to other metros and looking at positive and negative changes in the area. The biggest positive change scores a 100, except unemployment rate, which was reversed in respect to the scale.

Below are the top 35 metros that showed the most people, business, and opportunity growth over a five-year period.

Source: Inc.com

Full List HERE

Triangle places No. 5 in top 25 'Tech Cities' report

RESEARCH TRIANGLE PARK, N.C. — The Research Triangle metro region places No. 5 in a new study of "Tech Cities" from international corporate real estate services firm Cushman & Wakefield, which specializes on the high-tech sector.

The firm, which has an office in the Triangle, ranks the cities based on what it calls a "tech stew" of factors, including:

  • Work force talent
  • Capital
  • Growth opportunities

Raleigh-Durham-Chapel Hill are often broken up in other reports due to federal government Metropolitan Statistical Area statistics, which split Raleigh from the other two.

However, the Cushman & Wakefield analysis groups the three along with Cary and other towns and communities, thus creating a grid of data that captures the region as a whole.

And a powerful region it is, given that the only cities/regions to beat the Triangle include:

1. Silicon Valley

2. San Francisco

3. Washington, D.C.

4. Boston metro

Thus, the Triangle outranks rivals such as Austin, Texas (No. 7), Atlanta (No. 17) and Nashville. (No. 25).

So why did the Triangle rate so highly?

“Raleigh-Durham-Chapel Hill, often referred to as the ‘Triangle’ by locals because of the shape these three proximate cities form on a map, has developed into a major market for technology companies given the area’s deep pool of skilled labor, the presence of three prominent universities, and its reputation as a medical and technology research hub,” said Rich Harris, Managing Principal for Cushman & Wakefield, who focuses on the Triangle.

The report is the first from the firm and is titled "Tech Cities 1.0"

Cushman & Wakefield created the “Tech Cities 1.0” report to provide greater insight for its clients and industry stakeholders into existing and emerging tech centers that are driving much of today’s U.S. economy.

Harris also pointed out the Triangle's booming startup community with hundreds of new and emerging ventures alone packing The American Underground and HQ Raleigh startup hubs. Various other startup and co-location hubs also boast a growing clientele.

Triangle perspective

Here's what Harris had to say about the Triangle:

“It’s not uncommon to see a doctor leave a career at a hospital to start a company based on decades of research, or a technology executive at one of the major R&D companies in the Park leaving a position to pursue a specialized line of technology that’s too specific for a larger company to pursue; and they often separate amicably and with the backing of their previous employers. Once they start their companies, the feeder of local graduates – coupled with the talent migrating to the Triangle – serve as a potent workforce.”

“One of the more interesting transformations has been the impact of the ‘live-work-play’ phenomenon, which has rapidly built up our city centers across the Triangle, particularly in downtown Durham where there was an abundance of historic tobacco warehouses that were converted to sleek tech workspaces with hardwood floors, big bay windows, large timbers, and high ceilings.

“Most of these buildouts were aided by historic tax credits, which enabled companies to create one-of-a-kind destination spaces for tech companies. In both Raleigh and Durham, we have seen a proliferation of co-working and entrepreneurial support organizations such as the Council for Entrepreneurial Development, American Underground, Raleigh HQ, and others.”

“Other factors contributing to tech growth are more basic,” Mr. Harris elaborated, “such as the Triangle’s quality of life, which boasts direct access to the beach to the east and the Blue Ridge Mountains to the west. The Triangle is also very competitive from a cost-of-living standpoint, especially when compared to first-tier city tech hotbeds that are often triple the price to do business.”

Cushman & Wakefield employs some 45,000 people across more than 70 countries.

The rest of the top 25

From No. 6 through No. 25:

No. 6: Seattle

No. 7: Austin

No. 8: Denver

No. 9: San Diego

No. 10: Madison, Wis.

No. 11: Minneapolis/St. Paul

No. 12: Baltimore

No. 13: Oakland

No. 14: Portalnd

No. 15: New York

No. 16: Chicago

No. 17: Atlanta

No. 18: Los Angeles

No. 19: Columbus, Ohio

No. 20: Orange County, Calif.

No. 21: Dallas/Ft. Worth

No. 22: Kansas City

No. 23: Indianapolis

No. 24: Salt Lake City

No. 25: Nashville

Full Article HERE


Source: WRAL Techwire