Of the 10 largest Metropolitan areas, the three with the fastest GDP growth in 2010 were Boston-Cambridge-Quincy, MA-NH with a 4.8% growth. This was followed by New York-Northern New Jersey-Long Island, NY, NJ, PA with 4.7%. The third highest was Washington-Arlington-Alexandria, DC-VA-MD-WV, with a 3.6% growth in 2010, per the Bureau of Economic Analysis.
The bureau further stated that the 10 largest Metropolitan areas, which account for 38% of the Metropolitan are growth, averaged 2.5% growth in 2010, after falling 2.2% in 2009.
As stated in previous reports, durable goods was the sector that led the resurgence in growth in real GDP by Metropolitan area in 2010. During this period the one sector that did not follow the trend was manufacturing, which continued to decline.
Northeast Metropolitan Area info Resources:
SBA – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
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