The San Francisco Bay Area, Austin, Seattle, Raleigh and Durham, Dallas, Denver, Salt Lake City, Charlotte, New Orleans, and Orlando. These are America's next boomtowns — if local leaders find ways to capitalize on burgeoning industries.
Technology jobs and the rebound in tourism are fueling a reshuffling of America's population centers, according to anDriving the news:by the Kenan Institute of Private Enterprise, a business policy think tank, found that the top 10 fastest-growing cities in the U.S. are moving the "center of gravity" for economic activity away from the East Coast, Kenan executive director Gregory Brown tells Axios.
The San Francisco Bay Area, Austin, Seattle, Raleigh and Durham, Dallas, Denver, Salt Lake City, Charlotte, New Orleans, and Orlando make up the top rankings.These are America's next boomtowns — if local leaders find ways to capitalize on burgeoning industries, Brown says. These cities will need to invest in infrastructure, such as housing, plus education and job training to fuel their growth potential, according to the report.Researchers built the list by weighing factors that included county-level employment rates and economic output for each city.Brown points to No. 2 Austin as an example of what could be on the horizon for lower-ranked cities.
Hiring freezes and declining real estate trends could be "worrisome" for San Francisco and evidence that Austin's labor boom may have peaked, the research says.Younger residents are contributing to stable growth prospects for cities like Seattle and Denver . The report notes that Seattle, home to Amazon and Microsoft, is a leader in clean energy, which researchers believe attracts young job seekers.
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