Forbes recently named Huntsville the No. 4 Best Place for Recession Recovery in the Nation. The report highlights Huntsville’s economy being high-tech as well as the presence of Cummings Research Park and NASA’s Marshall Space Flight Center.
To determine the 10 cities poised for recovery, Forbes used data on gross domestic product from Moody's Economy.com, unemployment and employment from the Bureau of Labor Statistics, home prices and affordability from the National Association of Homebuilders and population data from the U.S. Census Bureau. Data are for Metropolitan Statistical Areas.
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Forbes wrote the following about Huntsville:
In a recession characterized by battered housing, banking and manufacturing markets, having an economy with a heavy focus on technology helps. Huntsville is home to one of the country's largest research parks and a major NASA center (not to mention Space Camp).
Forbes has recognized Huntsville and Madison County several times over the past 12 months for:
- Leading Cities for Business, April 2009
- Top Five Cites for Defense Jobs, April 2009
- Madison County named Best Place to Live to Weather the Downturn Economy
Other notable media recognitions include:
- Best City in the Nations, Kiplinger’s Personal Finance, July 2009
- Top 6 Places to Find a Job, CNNMoney.com, May 2009
- Best City for Consumer Lending, Wall Street Journal, March 2009
Chamber of Commerce of Huntsville/Madison County
225 Church Street, Huntsville, Alabama 35801
www.HuntsvilleAlabamaUSA.com