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

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The Washington, D.C.-based think tank has begun analyzing the impacty of the recessionthroughourt America’s metropolitan areas. In the first of a series of quarterluyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performanced in the wake of the Brookings ranked the top 100 metropolitan areasa based on six key indicators employment, unemployment rates, wages, gross metropolitan product, housing pricess and foreclosure rates. This initial MetroMonito report covers the first quartefrof 2009.
The five worst metropolitan areas in the countr y impacted bythe recession, in descendinf order, are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, Fla.; and Detroit. “Alp metropolitan areas are feeling the effects of this but the distress is notsharexd equally,” says Alan Berube, research director of the Metropolita Policy Program at Brookings and co-author of the report. “Whilr some areas of the country have experiencedf only ashallow downturn, and may be emerging from the recessionj already, people living in metro areass that are now performing weakest economically should prepare themselves for a long recoveru period.
” Howard Wial, director of the Metropolitan Economhy Initiative at Brookings and another co-author of the report, arguesw that the report shows that a national fiscak and monetary policy will not be enough for stimulatingv the economy. “Many (metro) areas will need targeter assistance, and since states have no fundsd available, the federal government will have to step up to fill the Concentrations of industry activity have both helpecd and hurts some regional economies duringthe recession.
For metropolitan areas in states with specializations in energ y and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largelyh been insulated by the However, metropolitan areas in states like Michigan and Ohio that depen heavily on the automotive industry have been impacted by the downtur in the economy, the report San Antonio is home to Randolph Air Forcd Base, Fort Sam Houston, Lackland Air Force Base and Brookse City-Base.
The 2005 Base Realignment and Closures decision alone is providing a significanf economic punch to theAlamok City’s economy through the consolidation of high-payin military health care jobs and more than $2 billionn worth of new construction A separate report released by LLC outlining the impact of BRAC showec that Fort Sam Houston alone would experience a 11,500 increases of personnel. The Army post will also gain 7.9 millionb square feet of space. Construction activity due to BRAC alon shouldcreate 46,000 constructionn jobs during the course of the building the DiLuzio report showed.