A Tale of Demographics
Growth has been concentrated in the Southern and Western regions of the U.S., although rising costs are becoming a concern.
Q4 2019
The West in particular has benefitted from positive demographic trends, but what sets it most apart from the rest of the country is its core dynamic industry mix and exceptional workforce. Seven of the top 10 large metros and five of the top 10 mid-size metros are located in the West. Dynamic industry growth coupled with the high-quality of life west of the Rocky Mountains continues to outmatch rising costs.
However, within the region, rising costs are becoming more of a concern. This is evident when looking at the overall ranking of leading metros, with Reno, Nev., taking the top spot. Metro areas like Reno, Ogden, Boulder, and Colorado Springs are becoming increasingly attractive, lower-cost alternatives to the usual Western powerhouse metros like San Jose and San Francisco. Five years from now, this list is likely to be peppered further with Mountain-West metro areas benefitting from lower costs, while maintaining strong workforces and a relatively high quality of life.
Recent Project Announcements
Caterpillar Expands Sanford, North Carolina, Manufacturing Operations
10/03/2026
Bayer Plans New Albany, Ohio, Pharmaceutical Manufacturing Operations
10/03/2026
Janus Organization Plans Greenwood, Mississippi, Operations
10/03/2026
Simpson Strong-Tie Consolidates-Expands Fulton, Missouri, Operations
10/03/2026
Adeptus USA Plans Honea Path, South Carolina, Manufacturing Operations
10/02/2026
Mayville Engineering Company Plans McDuffie County, Georgia, Fabrication Operations
10/02/2026
Speed Kentucky Plans Owsley County, Kentucky, Operations
10/02/2026
South Korea-Based Sebang Lithium Battery Plans Jeffersonville, Ohio, Manufacturing Operations
09/30/2026
Walmart Plans Turtlecreek Township, Ohio, Fulfillment Operations
09/30/2026
Ultium Cells Expands Spring Hill, Tennessee, Production Operations
09/30/2026
Mesabi Metallics Plans Iowa Steel Production Operations
09/30/2026
King Technology Establishes St Peters, Missouri, Operations
09/30/2026
Prism Controls Expands Vergennes Township, Michigan, Production Operations
09/30/2026
Niowave Expands Lansing, Michigan, Production Operations
09/30/2026
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