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

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The Washington, D.C.-based think tank has begunm analyzing the impact of the recessionthroughout America’s metropolitan areas. In the first of a seriews of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metro areax in the country in economic performance in the wake of the Brookings ranked the top 100 metropolitah areas based on six key indicators employment, unemployment rates, wages, gross metropolitann product, housing prices and foreclosure rates. This initial MetroMonitor reportr covers the first quarterof 2009.
The five worst metropolitan areas in the country impacted bythe recession, in descendinfg order, are Jacksonville, Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitan areax are feeling the effects ofthis recession, but the distresx is not shared equally,” says Alan research director of the Metropolita Policy Program at Brookings and co-author of the “While some areas of the countryy have experienced only a shallow downturn, and may be emergingy from the recession already, peoplr living in metro areas that are now performinhg weakest economically should prepare themselves for a long recover period.
” Howard Wial, director of the Metropolitan Economy Initiativw at Brookings and another co-author of the report, arguez that the report shows that a national fiscapl and monetary policy will not be enoug h for stimulating the economy. “Many areas will need targeted assistance, and since statesx have no funds available, the federal government will have to step up to fill the Concentrations of industry activity have both helpeds and hurts some regional economies during the For example, metropolitan areas in states with specializations in energ and government employment — such as Texas, New Mexico, Arkansas and Louisiana — have largelg been insulated by the recession.
metropolitan areas in states like Michigan and Ohio that depensd heavily on the automotive industrgy have been impacted by the downturn inthe economy, the reporf shows. San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Force Base and Brooksx City-Base. The 2005 Base Realignment and Closure decision alone is providing a significant economic punch to the Alamo City’s economy through the consolidation of high-payiny military health care jobs and more than $2 billiohn worth of new construction A separate report released by LLC outlining the impacyt of BRAC showed that Fort Sam Houston alonew would experience a 11,500 increase of personnel.
The Army post will also gain 7.9 millionn square feet of space. Construction activity due to BRAC alone shoulrcreate 46,000 construction jobs duringb the course of the building the DiLuzio report showed.