More Good News for NW Arkansas

NW Arkansas was ranked 2nd best in the country on Forbes Magazine’s recent list of best and worst cities for recession recovery. Forbes projected Northwest Arkansas' gross domestic product to grow from $13.9 billion to $14.5 billion by 2010.

It’s always refreshing to see good news about our area and to know that prestigious organizations recognize the good things happening here.

Of course, this is not the first time for such recognition. NW Arkansas frequently receives excellent ratings in such areas as Best Places to Retire and Best Places to Raise a Family by Sperling’s and Kiplinger as well as Forbes.

Just a few weeks ago, Forbes ranked our area as 4th Best Place in the country for business and careers.

And we continue to add about 100 new jobs each month - admittedly fewer jobs than a couple of years ago but is still a positive figure by anyone’s standards.

Other news reports this week continued the encouraging news.

Arkansas surpassed all but six states in personal income growth in the first quarter. Only 11 states were able to report a rise in income. Average for the whole country was a negative ½ of 1%.

Arkansas had the largest drop of all states in initial unemployment claims for the week ending June 6, a decline of 1,206 claims compared with the previous week, the department said.

I’m not saying everything is rosy – we all know it could be better. But good news is good news and these days anything good is worth knowing.

For more information:

http://www.forbes.com/2009/06/09/recession-economy-cities-business-beltway-recovery-cities_slide_3.html

http://www.nwarktimes.com/adg/National/262305/

http://www.arkansasbusiness.com/article.aspx?zone=AB_DailyReport_Thursday&lID=&sID=&ms=&cID=Z&aID=115496.54928.127622&page=2

http://www.nwarktimes.com:80/adg/News/262123