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

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The Washington, D.C.-based think tank has begun analyzing the impacrt of the recessionthroughout America’s metropolitan In the first of a series of quarterlty MetroMonitor reports, Brookings ranked San Antonio, Oklahoma City, Houston and Dallas as the top five metrok areas in the country in economic performancee in the wake of the recession. Brookingss ranked the top 100 metropolita n areas based on six keyindicators — unemployment rates, wages, gross metropolitan product, housing prices and foreclosurre rates. This initial MetroMonitor report covere the first quarterof 2009.
The five worstg metropolitan areas in the country impacted by the indescending order, are Jacksonville, Lakeland, Fla.; Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effecta of this recession, but the distress is not sharede equally,” says Alan Berube, researchg director of the Metropolitan Policy Prograjm at Brookings and co-author of the “While some areas of the country have experiencerd only a shallow and may be emerging from the recession already, people livinb in metro areas that are now performinhg weakest economically should prepare themselves for a long recoverhy period.
” Howard Wial, directotr of the Metropolitan Economy Initiative at Brookings and another co-autho r of the report, argues that the report shows that a national fiscao and monetary policy will not be enough for stimulatinh the economy. “Many (metro) areas will need targeted and since states have no funds available, the federal government will have to step up to fill the Concentrations of industry activit y have both helped and hurtes some regional economies during the For example, metropolitan areas in states with specializations in energ y and government employment such as Texas, New Oklahoma, Arkansas and Louisianz — have largely been insulated by the However, metropolitan areas in states like Michiganh and Ohio that depend heavily on the automotive industry have been impactec by the downturn in the economy, the report San Antonio is home to Randolph Air Force Fort Sam Houston, Lackland Air Forcw Base and Brooks City-Base.
The 2005 Base Realignment and Closur e decision alone is providing a significanrt economic punch to theAlamoo City’s economy through the consolidation of high-paying militarh health care jobs and more than $2 billion worth of new constructionj activity. A separate report released by LLC outlininvg the impact of BRAC shower that Fort Sam Houston alone would experiencea 11,50 0 increase of personnel. The Army post will also gain 7.9 millioh square feet of space. Constructiom activity due to BRAC alone shouldcreate 46,000 constructiobn jobs during the course of the building programs, the DiLuzio report showed.