June 29, 2012 -- Mayor Annise Parker today touted Houston’s strong economic climate and vitality as Forbes magazine places Houston among the top 20 cities in the nation in its 14th annual ranking of The Best Places for Business and Careers. The print edition of Forbes featuring the rankings came out today.
“It’s great for our city to have national recognition for something Houstonians have known all along – we’re a business-friendly city with a lot to offer, such as plentiful jobs,” said Mayor Annise Parker. “Houston was one of the last cities to feel the economic recession of the rest of the country and the first to recover. Our population is expanding when many cities are not, because people are finding Houston is a great place to live, work and raise a family.”
Forbes rated the 200 largest U.S. metro areas based on 12 metrics using data from Moody’s Analytics, the U.S. Census and Bert Sperling, who runs Sperling’s BestPlaces. Factors included job growth (past and projected), costs (business and living), income growth over the past five years, educational attainment and projected economic growth through 2014. Forbes also included quality of life issues like crime rates, cultural and recreational opportunities and net migration patterns. The magazine gave the most weight to business costs and educational attainment in the overall ranking, including the number of highly ranked colleges in an area per Forbes’ annual college rankings.
FORBES’ article on Houston http://www.forbes.com/sites/kurtbadenhausen/2012/06/27/houstons-business-climate-heats-up/
Mayor Annise Parker’s Interview with Forbes http://video.forbes.com/fvn/bestplaces/houston-mayor-makes-her-business-pitch
FORBES’ Best Places for Business and Careers Rankings http://www.forbes.com/best-places-for-business/