Is Houston losing its business touch? City plummets down national mag's new rankings
Houston has gotten used to being the hot city of the moment (both literally and figuratively). It's been dominating national lists for a while now, particularly when it comes to jobs and business.
But Forbes Magazine is suddenly throwing some cold water on that notion.
Houston's dropped all the way down to 25th on Forbes' new rankings of The Best Places for Businesses and Careers.
Using sources such as the U.S. Census Bureau, Forbes complied a ranking of the 200 largest metro cities. Costs, income growth, quality of life and education of labor force were the factors that went into deciding the rankings. Houston trailed far behind other major Texas cities like San Antonio (11th), Dallas (13th), Austin (14th) and Fort Worth (15th).
Des Moines, Iowa nabbed the No. 1 spot on the business list. Atlantic City, N.J. ranked last.
Though Houston didn’t fare as well as it usually does on The Best Places for Business and Careers, it finished third on Forbes' rankings of the Best Cities for Future Job Growth. Two other Texas cities — Austin and McAllen — took the top two spots. San Antonio (4th), Dallas (8th), Laredo (9th) and Brownsville (10th) all also made the Top 10 as Texas dominated the list with seven cities in the Top 10 overall.