Seattle Metro, Bozeman Micro Strongest U.S. Economies

January 25, 2021 8:31 AM EST

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PALM CITY, Fla., Jan. 25, 2021 /PRNewswire/ -- The three county Seattle-Tacoma-Bellevue, WA Metropolitan Area ranked #1 as the strongest local economy in the United States in POLICOM's annual community "economic strength" rankings. 

The Bozeman, MT Micropolitan Area (Gallatin County) for the third straight year was ranked #1 among the Micropolitan Areas, which are smaller economies.Annually, POLICOM ranks the 384 Metropolitan Statistical Areas and 543 Micropolitan Statistical Areas in the United States for "economic strength" which is the long-term tendency for an area to consistently grow in both size and quality.For the economic strength rankings for all 927 areas along with their geographic definition, go to www.policom.com.

"The top rated areas have had rapid, consistent growth in both size and quality for an extended period of time," William H. Fruth, President of POLICOM.  POLICOM, located in Palm City, FL, specializes in analyzing local and state economies and advising communities on how to improve them. 

"The rankings do not reflect the latest 'hotspot' or 'boom town,' but the areas which have the best economic foundation," Fruth continued.

The study measures twenty-three different economic factors over a twenty-year period. The formulas determine how an economy has behaved over an extended period of time. 

Data stretching from 2000 to 2019 (latest available) was used for this study. It does not include the impact of COVID-19 on the economy in 2020. POLICOM has created this study each year since 1997.

Defined by the Federal government, a Metropolitan area must be at least one county and have a city with a population of at least 50,000. Most are composed of multiple counties.

Micropolitan areas are smaller areas, must have at least one county, and have an urban center of at least 10,000 but fewer than 50,000 people.

Statistical areas are composed of one or more counties but are "named" after the largest city or cities in the area.

The following are the ten strongest and weakest Metropolitan and Micropolitan areas.

384 Metropolitan Areas

2021

Ten Strongest Metropolitan Areas

1

Seattle-Tacoma-Bellevue, WA

2

Austin-Round Rock-Georgetown, TX

3

San Jose-Sunnyvale-Santa Clara, CA

4

Nashville-Davidson--Murfreesboro--Franklin, TN

5

Salt Lake City, UT

6

Charlotte-Concord-Gastonia, NC-SC

7

Raleigh-Cary, NC

8

Charleston-North Charleston, SC

9

Boise City, ID

10

Sioux Falls, SD

384 Metropolitan Areas

2021

Ten Weakest Metropolitan Areas

375

Gadsden, AL

376

Bay City, MI

377

Wichita Falls, TX

378

Anniston-Oxford, AL

379

Parkersburg-Vienna, WV

380

Rocky Mount, NC

381

Weirton-Steubenville, WV-OH

382

Danville, IL

383

Beckley, WV

384

Pine Bluff, AR

543 Micropolitan Areas

2021

Ten Strongest Micropolitan Areas

1

Bozeman, MT

2

Heber, UT

3

Vineyard Haven, MA

4

Breckenridge, CO

5

Jackson, WY-ID

6

Ellensburg, WA

7

Edwards, CO

8

Hood River, OR

9

Kapaa, HI

10

Red Bluff, CA

543 Micropolitan Areas

2021

Ten Weakest Micropolitan Areas

534

Portales, NM

535

Kennett, MO

536

Las Vegas, NM

537

Hope, AR

538

Magnolia, AR

539

Fitzgerald, GA

540

Indianola, MS

541

Clarksdale, MS

542

Eufaula, AL-GA

543

Helena-West Helena, AR

 

Contact:      

William H. Fruth

POLICOM Corporation

772-781-5559

www.policom.com

288742@email4pr.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/seattle-metro-bozeman-micro-strongest-us-economies-301213652.html

SOURCE POLICOM Corporation



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