Friday, September 21, 2007

Another Top 10 List

Dow Jones Marketwatch has come out with a list of the ten best cities for business in the US. The Washington, D.C. metro area was ranked number 7 while Baltimore came in well out of the top ten at number 34.

So where does that put good old Howard County?

Appropriately enough, somewhere in the middle.

The Marketwatch rankings were based on " the number of firms from the most recent Fortune 1000, S&P 500, Russell 2000 and Forbes list of 400 private companies based in its metro area. S&P 500 and Russell 2000 lists are as of Sept. 14. The same per-capita calculation was made on the numbers of small businesses -- companies with fewer than 500 employees -- in these metro regions."

They also considered job growth and unemployment. In this category the Washington DC metro area had no peer. "The region was the only one of all 50 metro areas to post a sub-3% unemployment average for the sample months."

The number one city on this list was Minneapolis-St. Paul. "The Twin Cities region has a high concentration of massive and diverse Fortune 1000 and S&P 500 companies. It also has a significant number of Forbes 400 private companies. Further, Minneapolis-St. Paul has a healthy array of up-and-coming companies on the Russell 2000 index. And it has more small businesses per capita than just about any other city. "

The number 50 city was New Orleans. "Not to kick a city when it's down, but the Big Easy probably would have made this list even if Hurricane Katrina hadn't struck two years ago. It just may not have been on the very bottom."