Though we all knew it, now the nation does too, as the Hub City has topped Area Development magazine’s lists for Leading Locations, best mid-sized cities and best Southern cities. Not bad, Lafayette.

Out of 380 MSAs surveyed for Area Development’s Spring issue, Lafayette, in addition to taking the no. 1 spots for Leading Locations, best mid-sized city and best Southern city, also topped the magazine’s lists for Economic Strength, Year-Over-Year Growth and best Recession-Busting mid-sized cities.

The study was based on 21 economic indicators taken from the Bureau of Labor Statistics, the Bureau of Economic Analysis and the U.S. Census American Community Survey, and according to the magazine: “The goal was to identify which cities across America are emerging from the recession as economic front-runners — and why.”

“Lafayette has seen significant economic growth in recent years and this recognition from Area Development reflects that,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority. “Local economic indicators have rebounded and, in many cases, exceeded pre-recession levels. With growing retail sales numbers, shrinking unemployment and a growing workforce and wages- all signs point to the fact that over the next decade Lafayette will increase its status as one of the premier cities in the South.”

The magazine also noted Lafayette’s no. 24 out of 200 ranking on the Milken Institute’s Best Performing Cities Index for 2012 — a 69 spot jump from its previous year’s placement — and its 8.6 percent rise in employment between December 2011 and 2012, the nation’s largest.

Following Lafayette on the top 10 overall cities list were Fargo, N.D.; Odessa, Texas; Columbus, Ind.; Sunnyvale-Santa Clara, Calif.; Austin, Texas; Holland-Grand Haven, Mich.; Farmingham, Mass.; and Bismark, N.D.

The remaining top 10 mid-sized cities included: Fargo, N.D.; Holland-Grand Haven, Mich.; Farmingham, Mass.; Corpus Christi, Texas; Houma, La.; Santa Rosa-Petaluma, Calif.; Springfield, Ill.; Burlington, Vt.; and Longview, Texas.

Click here for more.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at

feed-image RSS Feed
ABiz Stock Watch
o Home Bancorp 23.15 ▲0.05 (0.22%)
o Frank's International 19.53 ▼0.40 (-2.01%)
o IberiaBank Corp 67.58 ▲0.08 (0.12%)
o LHC Group 23.96 ▼0.11 (-0.46%)
o MidSouth Bancorp 18.69 ▼0.11 (-0.59%)
o Petroquest Energy 4.11 ▲0.11 (2.75%)
o PHI Inc. 41.27 0.00 (0.00%)
o Superior Energy 23.38 ▼0.84 (-3.47%)
o Stone Energy 20.83 ▼0.78 (-3.61%)
o Facebook Inc. 77.62 ▲1.99 (2.63%)
o Twitter Inc. 41.13 ▲1.37 (3.45%)
o Gannett 32.74 ▲0.48 (1.49%)

Home Bancorp

Company ID [NYSE:HBCP] Last trade:23.15 Trade time:4:08PM EST Value change:▲0.05 (0.22%)

Frank's International

Company ID [NYSE:FI] Last trade:19.53 Trade time:4:06PM EST Value change:▼0.40 (-2.01%)

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.58 Trade time:4:08PM EST Value change:▲0.08 (0.12%)

LHC Group

Company ID [NYSE:LHCG] Last trade:23.96 Trade time:4:08PM EST Value change:▼0.11 (-0.46%)

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.69 Trade time:4:00PM EST Value change:▼0.11 (-0.59%)

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.11 Trade time:4:03PM EST Value change:▲0.11 (2.75%)

PHI Inc.

Company ID [NYSE:PHII] Last trade:41.27 Trade time:2:42PM EST Value change:0.00 (0.00%)

Superior Energy

Company ID [NYSE:SPN] Last trade:23.38 Trade time:4:06PM EST Value change:▼0.84 (-3.47%)

Stone Energy

Company ID [NYSE:SGY] Last trade:20.83 Trade time:4:05PM EST Value change:▼0.78 (-3.61%)

Facebook Inc.

Company ID [NYSE:FB] Last trade:77.62 Trade time:4:08PM EST Value change:▲1.99 (2.63%)

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:41.13 Trade time:4:01PM EST Value change:▲1.37 (3.45%)


Company ID [NYSE:GCI] Last trade:32.74 Trade time:4:03PM EST Value change:▲0.48 (1.49%)

Economic Indicators

  • Real Estate Data
    Real Estate
  • Energy Data
  • Taxable Sales
  • Unemployment Rate

Read the Flipping Paper!

Click Here for the Entire Print Version of