November 30, 2012 -
The Brookings Institution, a private nonprofit group that conducts independent research, has released a report today that found Knoxville to be one of three cities in the country to have fully recovered from the recession.
The report, called "Global MetroMonitor 2012 Slowdown, Recovery, and Interdependence," identified seven world regions, including 76 U.S. metro areas. In addition to Knoxville, Brookings found that Pittsburgh and Dallas have also recovered.
"This is a great indicator of how Knoxville is doing when compared to other cities nationwide," said Knoxville Mayor Madeline Rogero. "While we are elated about the findings of the report, we know there is still work to be done to grow and attract quality jobs to our area and we are working hard with our many partners to accomplish that."
The report looks at 2011-2012 data on Gross Domestic Product (GDP) per capita and employment change, among other factors. There were 300 metropolitan areas worldwide that were analyzed.
To see the study in its entirety, go here: