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Sunday, October 30, 2011

Forbes—The Next Big Boom Towns In The U.S.

Forbes recently took a look at what the next decade has in store for America’s 52- largest cities, and came away with a bright forecast for Nashville.

Forbes, in partnership with the Praxis Strategy Group, projects Nashville to be the No. 3 boom town in the coming decade. No. 1 on the list is Austin, followed by Raleigh, NC, then Nashville, TN.

Forbes’ analysis looked at recent growth and demographic information like family formation and growth in educated migration.
Forbes wrote about Nashville: The country music capital, with its low housing prices and pro-business environment, has experienced rapid growth in educated migrants, where it ranks an impressive fourth in terms of percentage growth.
Two advantages Nashville and other rising Southern cities like No. 8 Charlotte, NC, possess are a mild climate and smaller scale. Even with population growth, they do not suffer the persistent transportation bottle-necks that strangle the older growth hubs. At the same time, these cities are building the infrastructure — roads, cultural institutions and airports — critical to future expansion.

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