Greensboro Ranks 98 Out Of 102 Worst Economies

I set on this all weekend knowing Greensboro's leaders would be out of town for the long Memorial Day Weekend and because these are the kinds of reports that are always made public at week's end in the hope that you'll not be paying attention. Stolen in its entirety from the Business Journal.

Greensboro-High Point ranks low in economic vitality

Catherine Carlock

Reporter- The Business Journal

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In a monthly measure of economic vitality in major markets nationwide, Greensboro-High Point has come in near the bottom.

Greensboro-High Point is ranked 98th out of 102 markets studied by the On Numbers Economic Index, which is produced by American City Business Journals.

The 18-part On Numbers methodology considers job growth, unemployment, wage rates, retail strength and home values in 102 major markets with populations of more than 500,000. Winston-Salem is not included in the list of markets studied.

Even with several expansion announcements, including those at Solstas Lab Partners, Piedmont Pharmaceuticals, LF USA and General Dynamics Advanced Technology Systems, among others, Greensboro and the Triad have seen their share of job losses.

The On Numbers index ranked Durham as 26th. Raleigh was ranked 58th and Charlotte was 67th.
Austin, Texas secured the top spot in May, as it has for several months.

Joining Greensboro-High Point in the bottom five are Chicago; Albuquerque; New Haven, Conn.; and Bridgeport-Stamford, Conn.

Catherine Carlock covers commercial and residential real estate, construction, economic development and retailing and restaurants. Contact her at (336) 370-2918.

Related links:

Economic Snapshot

Industries:

Residential Real Estate, Retailing & Restaurants, Human Resources

 

So the next time you read in the News & Record how Greensboro's leaders care about economic development, you tell them Billy Jones said they are full of shit. They will know who and what you're talking about.

Pretty much proves what I've been writing for the last 2 years: when it comes to economic development Greensboro's "leaders" simply haven't a clue. That or they so corrupt... Well, you know...

With a nod to Fec  for pointing me that way.