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Forbes Ranking Anticipates Promising Future for Nashville

by Janet Miller | Jul 08, 2011
For the second time in a little over a week, Nashville has landed a top spot in another Forbes ranking. Among the 52 largest metro areas in the nation, Nashville sits at an impressive No. 3 on Forbes’ list of “next big boom towns” in the U.S.—cities that are well-positioned to grow and flourish during the coming decade.

The study considered factors such as post-recession job growth, rates of in-migration and family formation, and the area’s attractiveness to immigrants looking to settle and start businesses. Additionally, the Forbes article credits the mild climate and smaller scale of its top-ranked cities with helping them overtake former powerhouses such as Los Angeles, Chicago and New York City.

Nashville stands out among its peers specifically for its low housing prices, business-friendly environment and rapid growth in educated immigrants. Our economy enjoys the benefits of the fastest-growing immigrant population in the U.S. (read more), as well as a uniquely high level of entrepreneurship. Both of these factors set our city and region apart from others and are helping us emerge more quickly from the recession. Nashville's economy also has a diversity of industries, which is critical to our competitiveness and our ability to create jobs during this economic recovery.

We are excited to see our region recognized yet again for its livability, business appeal and promising growth. This most recent ranking confirms Nashville’s status as one of America's top “boom towns” with a truly booming economy. It also reinforces that our long-term regional economic development effort, which began 20 years ago as Partnership 2000, is still a successful model for continued growth in Middle Tennessee.