Fourth Best City for Jobs

From the Times-Union:

Forbes annual list of Best Cities for Jobs ranked the Albany-Schenectady area fourth on the list of 100 top metropolitan areas. The list, published Monday, was heavy on state capitals, even though that role has been a drag on the Capital Region’s economy as public workforces are cut.

What is propelling the region, according to Forbes, is growth in the technology sector. The magazine talks about General Electric Co.’s growth, with a new battery plant set to open, expansion of its renewable energy business, and its research and development headquarters in Niskayuna.

Forbes also mentions the GlobalFoundries plant in Malta, but surprisingly skips any mention of Albany Nanotech, the Rensselaer Technology Park, the health care sector and other engines for job growth locally.

Topping Forbes’ annual list was Washington, D.C., followed by Des Moines, Iowa’s state capital; Poughkeepsie-Newburgh, the Albany-Schenectady area (no mention by Forbes of Troy); Madison, the capital of Wisconsin; New York City; Omaha; Boston, another capital; Minneapolis (across the river from state capital St. Paul); and Austin, the Texas capital city.

Oh, and what a difference a year can make. Last year, when Forbes ranked 398 metro areas, the Capital Region placed 245th.

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About Gary Snowdon, ASA

Commercial Real Estate Appraiser in New York State's Hudson Valley, Capital, Saratoga, and Adirondack Regions.
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