The Killeen-Temple-Fort Hood MSA has been ranked 57th in the nation and 25th statewide for economic and job growth by Area Development magazine.
In analyzing 380 MSAs nationwide for its Leading Locations list, the magazine attempted to identify which cities are emerging from the recession as economic front-runners — and why.
This study ranked the MSAs across 21 economic and workforce indicators. Those indicators were pulled from seven data sets originating from four sources: the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Census American Community Survey and IHS.
Leading Locations 2013 also calculated rankings for each of the MSAs in four subcategories.
Out of 380 MSAs, Killeen-Temple-Fort Hood ranked 36th for “Recession-Busting Cities,” 46th for “Prime Work Force,” 61st for “Year-Over-Year Growth” and 90th for “Economic Strength.”
“To have a national economic development publication rank our MSA in the top 15 percent of all 380 MSAs in the U.S. sends a very powerful signal to investors and should cause residents here to feel very positive about our future,” said John Crutchfield, Greater Killeen Chamber of Commerce president and CEO.
The report stated, “Success depends on responding effectively to the many factors that impact economic performance, as well as proactively creating healthy business climates and investing in the future. This type of multilevel support helps local companies be more competitive with offshore locations, keeping profits and jobs at home.”
“The Leading Locations are MSAs that have managed to thrive, emerging from the recession as economic leaders,” said Geraldine Gambale, editor of Area Development.
For the full report, go to www.areadevelopment.com/LeadingLocations2013.