Forbes Announces the Best Places for Business and Careers

The numbers look great after the Bureau of Labor Statistics' reported on the United States economy! In June, 288,000 jobs were added. The unemployment rate fell to 6.1 percent, which is the lowest percentage since the financial crisis. The past six months have had the best showing on job creation since 2006 with 1.4 million jobs added. Along with job creation and lowering unemployment rate, the Dow Jones topped 17,000 for the first time on the news. The recent numbers may look great overall, but the U.S. economic recovery has been very uneven.

Income growth has been nonexistent with high unemployment rates in most metropolitan areas. These metropolitan areas not only report low income growth, but more than half of them report showing negative real income growth. A dozen of these metro areas still mired in double-digit unemployment. After seeing these trends, Forbes crunched numbers on every metro area and reported their results in their 16th annual Best for Business and Careers.

Our own Gainesville topped the list at #83 and ranked #21 in education. In Florida, Gainesville ranked 7th behind West Palm Beach, Orlando, North Port, Tampa, Jacksonville and Cape Coral. The study and rankings were based on the perceived business climate, cost of business, job growth and education. 

Raleigh, North Carolina ranked #1 this year. In 2013, they were ranked third. Raleigh ranked first in 2011 and had a three year run in the top spot from 2007 to 2009. The North Carolina capital is the only East Coast city that made the top 10. Raleigh's success can be attributed to business costs that are 18 percent below the national average. The city, which has an adult population where 42 percent have a college degree, has attracted new residents making it the sixth fastest net migration rate over the past five years.

Click here for the full article, or click here for more Front Street news...

Comment /Source

Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

 Subscribe in a reader

Subscribe to Front Street's News Page by Email