Study shows San Antonio is nation's best-performing city in recession - Portland Business Journal:

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The Washington, D.C.-based think tank has begun analyzing the impac t of the recessionthroughout America’s metropolitan In the first of a series of quarterly MetroMonitofr reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrop areas in the country in economix performance in the wake of the Brookings ranked the top 100 metropolitan areas based on six key indicators — unemployment rates, wages, gross metropolitan housing prices and foreclosure This initial MetroMonitor report coverse the first quarter of 2009. The five wors metropolitan areas in the country impacted bythe recession, in descendinhg order, are Jacksonville, Fla.
; Lakeland, Fla.; Tampa, Bradenton, Fla.; and Detroit. “Alk metropolitan areas are feeling the effects of this but the distress is notshared equally,” says Alan Berube, research director of the Metropolitan Policy Program at Brookings and co-author of the report. “While some areas of the countryg have experienced only a shallow and may be emerging from therecessiojn already, people living in metro areas that are now performinyg weakest economically should prepare themselves for a long recovery Howard Wial, director of the Metropolitan Economy Initiative at Brookings and another co-author of the report, arguee that the report shows that a national fiscakl and monetary policy will not be enough for stimulating the economy.
“Mangy (metro) areas will need targeted and since states have nofunds available, the federall government will have to step up to fill the Concentrations of industry activity have both helped and hurtws some regional economies during the recession. For example, metropolitanh areas in states with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulateed by the recession.
However, metropolitan areas in states like Michigan and Ohio that depend heavily on the automotive industry have been impacted by the downturn inthe economy, the report San Antonio is home to Randolpg Air Force Base, Fort Sam Houston, Lackland Air Forcs Base and Brooks The 2005 Base Realignment and Closurwe decision alone is providingy a significant economic punch to the Alamo City’z economy through the consolidation of high-paying military healtjh care jobs and more than $2 billion wortg of new construction activity. A separate repor released by LLC outlining the impact of BRAC showef that Fort Sam Houston alone would experiencea 11,500 increasew of personnel.
The Army post will also gain 7.9 milliob square feet of space. Construction activity due to BRAC alone shouldcreate 46,000 construction jobs during the course of the buildin programs, the DiLuzio report showed.