Austin Economy Going Strong Despite National Economic Problems

Posted by Crystal Olenbush on Monday, September 29th, 2008 at 2:33pm.

Despite the touch economic times the nation is facing, Austin Business Journal reports that the Austin-Round Rock region is still managing to outperform other parts of the country when it comes to the creation of jobs as well as other economic markers.  The ranking, which was determined by the Milken Institute and Greenstreet Real Estate Partners, considers a variety of different factors when ranking cities throughout the country, including technology growth, job creation and salaries.

Receiving a fourth place ranking is certainly something for the city to be proud of, but it is particularly impressive when considering that the city placed 20th on the list last year.  Therefore, within just one year's time, the city has managed to gain 16 places on the list.  Several other Texas cities also made the list, including 13th place Killeen-Temple-Fort Hood, 15th place San Antonio, 16th place Houston and 23rd place Dallas.

The cities that managed to beat out the Austin-Round Rock region include first place Provo-Orem in Utah, second place Raleigh-Cary in North Carolina and third place Salt Lake City in Utah. 

If you are interested in seeing how your city performed or how other cities in your state ranked on the list, head over to the Milken Institute's website.  Here, you can read the full report that details how the rankings were determined and you can scroll over an interactive map of the United States, which will provide information about the cities that were ranked in a particular state and where the city was ranked on the list.

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