August 04, 2015

Nashville No. 4 in Economic Strength

Nashville Business Journal
Brian Reisinger, Staff Reporter
An economic development research firm counts Nashville as the fourth-strongest economy in the country.
Policom, a Palm City, Fla. company that examines local economies and economic development, released rankings of the top local economies across the country today. The Nashville metropolitan statistical area rang in at No. 4 in the study.
The following are excerpts from Policom’s announcement:
POLICOM annually ranks the 366 Metropolitan Statistical Areas and 576 Micropolitan Statistical Areas in the United States for "economic strength" to enable POLICOM to study the characteristics of strong and weak economies in the country.
"The top-rated areas have had rapid, consistent growth in both size and quality for an extended period of time," William H. Fruth, president of POLICOM, which specializes in analyzing local and state economies.
The study measures 23 different economic factors over a 20-year period to create the rankings. The formulas determine how an economy has behaved over an extended period of time. Data stretching from 1991 to 2010 was used for this study.
  •     Washington-Arlington-Alexandria, DC-VA
  •     Des Moines-West Des Moines, IA
  •     Seattle-Tacoma-Bellevue, WA
  •     Nashville-Davidson-Murfreesboro-Franklin, TN
  •     Austin-Round Rock-San Marcos, TX
  •     Salt Lake City, UT
  •     Madison, WI
  •     Kansas City, MO-KS
  •     Sioux Falls, SD
  •     San Antonio-New Braunfels, TX