Atlanta, San Antonio and Phoenix are the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report.
“It all seems to be coming together for Metro Atlanta,” said BF Editor in Chief Jack Rogers. “Georgia’s capital is a red-hot tech center with a diverse, talented workforce and an innovation-driven ecosystem. All of the arrows are pointing up for Atlanta.”
Metro Atlanta is home to 16 Fortune 500 companies. The Atlanta MSA is the 10th-largest metro economy in the nation with a GDP of $385.5 billion; There are approximately 200,000 individuals employed in the tech sector in the Atlanta MSA.
New-Haven-Milford, CT; Madison, WI and Syracuse, NY are the top-ranked metros in BF’s new Millennial Magnets category, which ranks the communities that are succeeding in attracting the largest number of people born between 1980 and 1998.
“Millennials have made it clear that you have to convince them they want to live in your town before they decide whether they want to work there,” Rogers said. “This gives mid-sized metros with a great quality of life and a lower cost of living an advantage over their larger cousins nearby.”
The median income for millennials living in the New Haven-Milford CT metro area in 2017 was $54,800. The quality of public schools and a thriving startup ecosystem are key attractions for millennials.
Business Facilities is a national publication that has been the leading location source for corporate site selectors and economic development professionals for more than 50 years.
The complete 2019 BF Rankings Report, including state, metro and international results are available online.