Stockton, Sacramento, Modesto, Fresno and Bakersfield all in the bottom 10 (of 100) of MarketWatch’s Top Cities for Business Growth for 2012



Stockton at bottom for U.S. growth
Central Valley cities dominate MarketWatch list
By Russ Britt MarketWatch April 21, 2013 12:00 AM

LOS ANGELES – What’s wrong with California?

Specifically, the question should be: What’s the matter with the Central Valley? Five of its cities are big enough to be considered part of the nation’s 100 largest metro areas.

Yet the likes of Stockton, Sacramento, Modesto, Fresno and Bakersfield all are firmly entrenched in the bottom 10 of MarketWatch’s Top Cities for Business Growth for 2012. Add the Southern California metro area of Riverside to that, and you have 60 percent of this study’s bottom 10.

It raises the question: How can a state big enough to be the world’s ninth-largest economy have so many cities in the bottom 10 of this examination? Further, how can regions like San Francisco and San Jose prosper so much while Modesto and Stockton – within 90 minutes of the Bay Area – struggle so profoundly?

Many answers help clear up the question, but there remains one critical underlying fact, said David Plane, a University of Arizona professor in geography and urban development.

“These are places without good economic bases,” Plane said. “I doubt that a year from now things are going to be a whole lot different.”

The Bay Area and San Jose have a huge, rich technology base that is unlikely to uproot and move. Both metro areas were part of the MarketWatch top 10.

 

Click here for full article at Recordnet.com

**************************************************
To browse additional business and industrial parks in San Joaquin County visit Global Business Parks at:
San Joaquin County Business Parks and Industrial Parks

 

To browse additional business and industrial parks in California visit Global Business Parks at:
Business Parks and Industrial Parks in California

 

To search for business parks and industrial parks in the U.S. visit:
Search Business and Industrial Parks in the U.S.

 

More news about business parks and industrial parks on our Twitter page: #GlobalBizParks

 





Leave a Reply

You must be logged in to post a comment.