
According to a quarterly report released by Brookings Institute’s Metropolitan Policy Program, the MetroMonitor finds Baton Rouge number 4 among the most recession-proof cities in America.
Howard Weil, author of the report, states that “Most of these cities have some general characteristics in common. They didn’t experience huge housing bubbles followed by a crash, and their economies weren’t rooted in the auto industry.”
The top 10 stable cities identified by MetroMonitor;
1. Albany, N.Y.
2. Augusta, Ga.
3. Austin, Texas
4. Baton Rouge, La.
5. Buffalo, N.Y.
6. Columbia, S.C.
7. Dallas
8. Des Moines, Iowa
9. El Paso, Texas
10. Honolulu
Source: CNNMoney.com, Hibah Yousuf (06/24/2010)
http://money.cnn.com/2010/06/22/news/economy/recession_proof_cities/index.htm