Tuesday, March 31, 2009

Forbes Drops Atlanta to 24th Place in Recent Survey

Dropping like a team out of a playoff race, Atlanta fell 18 spots from a year ago (sixth place in 2008) in the latest Forbes list of the “Best Places for Business and Careers” for 2009.

The survey focused on the 200 largest metro areas, those with populations of more than 240,000. Forbes’ rankings were based on 11 factors, including five-year job growth, five-year income growth, the cost of doing business (labor, tax, energy and office space costs), cost of living (housing, transportation and utility costs), crime rate, educational attainment, presence of four-year colleges, cultural and recreational opportunities, income growth and net migration. A pair of new categories added to the 2009 survey were projected job growth and subprime mortgages as a percentage of total originations over a three-year period.


Atlanta ranked highest under the colleges category, placing sixth. It ranked 106th for cost of living, 124th for crime rate, 114th for cost of doing business, 121st for income growth, 49th for job growth projections, 34th for educational attainment, 146th for subprime mortgages and 42 for culture and leisure.

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