Chmura Analytics and Area Development recently named the Tampa-St. Petersburg-Clearwater a leading metro area based on its economic growth, ranking it #8 for growth in the United States. The study looked at areas “poised for long-term growth [that] are often hubs of high-tech industry where workers may benefit from an affordable cost of living.”
Chris Chmura, PhD, founder and CEO of Chmura Economics & Analytics noted that the areas that fared the best in this ranking are the ones with long-term growth “whose metrics show them in a significantly better place today than they were before the COVID pandemic, even if they took an understandable dip in the middle.”
Some of the important factors in the study include:
- Local gross domestic product and how it’s trending
- Unemployment rates
- What kinds of jobs are growing
- How well the needs of employers are matching with what the labor market has to offer
- Activity in such hot sectors as high-tech manufacturing and R&D, and other occupations linked to science, technology, engineering, and math (STEM)
The Tampa Bay region was the third-highest ranked metro area in Florida after Miami and the Space Coast.
Visit “2023’s Leading Metro Locations: Hotspots of Economic Growth.”
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