Courtesy of Lowndes County Developmental LINK
COLUMBUS, Miss. – For the ninth year in a row, Columbus has continued its climb up the POLICOM Economic Strength rankings. Ranking 46 out of 576, Columbus rose 11 spots from its 2011 ranking of 57.
“Nine years of positive growth is not a coincidence,” said Joe Higgins, CEO of the Columbus Lowndes Development LINK. “During this time Columbus has been one of the fastest growing areas in the nation, a feat not possible without the untiring support of our partners and community.”
The LINK is supported by Lowndes County, the City of Columbus, the Columbus Convention and Visitors Bureau, the Lowndes County Industrial Development Authority, Columbus Light & Water, 4-County Electric Power Association and the LINK chamber membership.
POLICOM annually ranks the 366 Metropolitan Statistical Areas and 576 Micropolitan Statistical Areas in the United States for “economic strength” to enable POLICOM to study the characteristics of strong and weak economies in the country.
“The top rated areas have had rapid, consistent growth in both size and quality for an extended period of time,” William H. Fruth, President of POLICOM. POLICOM, located in Palm City, FL, specializes in analyzing local and state economies.
The study measures 23 different economic factors over a twenty-year period to create the rankings. The formulas determine how an economy has behaved over an extended period of time. Data stretching from 1991 to 2010 was used for this study.
“The rankings do not reflect the latest ‘hotspot’ or boom town, but the areas which have the best economic foundation,” Fruth continued. “While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm.”0