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May 9, 2005 - Forbes magazine has ranked
the Knoxville-Oak Ridge Innovation Valley the 17th best place in the
nation to do business and have a career. It is the only Tennessee
metropolitan area to make the top 20 overall ranking.
The annual Forbes Business and Career survey studies the 150 largest
metro areas in the nation. It bases overall rank upon performance
in nine categories. The Innovation Valley did especially well in
two of the three most important measures --- the cost of doing business
(20th place) and in job growth (at 24th spot).
Knoxville's
job growth was well ahead of all other metro areas in the state.
Only our score in educational attainment seems to be keeping the
region from moving even higher in the rankings.
Here's how the region compares with the other Tennessee metro
areas in terms of overall ranking and in the three most important
sub-categories, cost of doing business, job growth and educational
attainment:
|
Rank
|
Metro
Area |
Cost of Doing Business
|
Job Growth |
Educational Attainment
|
Population |
| 17 |
Knoxville, TN |
20 |
24 |
84 |
722,000 |
| 43 |
Nashville, TN |
21 |
60 |
52 |
1,306,000 |
| 64 |
Johnson City, TN |
19 |
95 |
136 |
491,000 |
| 119 |
Memphis, TN |
25 |
90 |
94 |
1,184,000 |
| 122 |
Chattanooga, TN
|
32 |
71 |
119 |
480,000 |
| Source: Forbes magazine |
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