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Bloomberg ranks San Antonio as America’s 4th biggest ‘boomtown’

by admin on April 30, 2013

Bloomberg ranked the San Antonio-New Braunfels metropolitan area as one of the Top 12 American Boomtowns.

  

James Aldridge

Web Editor- San Antonio Business Journal

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The San Antonio metropolitan area has been named one of the Top 12 American Boomtowns, Bloomberg reported.

San Antonio, which experienced a five-year population growth of 10.26 percent and a gross domestic product compound annual growth of 1.47 percent, is the fourth-ranked city on the Top 12 American Boomtowns list. Bloomberg credited the oil-and-gas industry and the military presence as chief reasons for the metropolitan area’s growth.

The San Antonio area also had a March unemployment rate of 6.1 percent.

The Austin-Round Rock area ranked as the top metropolitan market with a compound annual growth rate of 3.26 percent. The Houston-Sugar Land-Baytown area ranked fifth with a compound annual growth rate of 1.55 percent. The Dallas-Fort Worth-Arlington area ranked 12th with a compound annual growth rate of 0.84 percent.

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