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

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The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughourt America’s metropolitan areas. In the first of a series of quarterlyhMetroMonitor reports, Brookings ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metrko areas in the country in economic performance in the wake of the Brookings ranked the top 100 metropolita areas based on six key indicators employment, unemployment rates, gross metropolitan product, housing prices and foreclosure rates. This initial MetroMonitofr report covers the first quarterof 2009. The five wors t metropolitan areas in the country impacted by the indescending order, are Fla.
; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitanh areas are feeling the effects ofthis recession, but the distress is not sharex equally,” says Alan research director of the Metropolitan Policy Program at Brookinga and co-author of the report. “While some area s of the country have experienced only ashalloa downturn, and may be emerginv from the recession people living in metro areas that are now performing weakesft economically should prepare themselves for a long recovergy period.
” Howard Wial, director of the Metropolitan Economy Initiativew at Brookings and another co-author of the argues that the report shows that a national fiscal and monetary policy will not be enougb for stimulating the economy. “Many areas will need targeted assistance, and since states have no fundz available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regionalo economies during the For example, metropolitan areae in states with specializations in energyy and government employment — such as New Mexico, Oklahoma, Arkansas and Louisianw — have largely been insulated by the recession.
metropolitan areas in stateas like Michigan and Ohio that depend heavily on the automotivw industry have been impacted by the downtur inthe economy, the repory shows. San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Forcs Base and Brooks City-Base. The 2005 Base Realignmenf and Closure decision alone is providing a significantg economic punch to theAlamo City’s economy through the consolidation of high-paying military health care jobs and more than $2 billiobn worth of new constructionh activity. A separate report releasex by LLC outlining the impact of BRAC showed that Fort Sam Houston alonwe would experiencea 11,500 increasd of personnel.
The Army post will also gain 7.9 million square feet of space. Construction activituy due to BRAC alone shouledcreate 46,000 construction jobs during the course of the buildingv programs, the DiLuzio report showed.