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
McCarl’s Expands Beaver County, Pennsylvania, Manufacturing Operations
05/25/2026
Bittermilk Bottling Expands Charleston County, South Carolina, Production Operations
05/25/2026
Old South Wood Preserving Expands Summertown, Tennessee, Operations
05/25/2026
Google Plans Montgomery County, Missouri, Data Center Operations
05/22/2026
Eden Pharmacy Expands Albuquerque, New Mexico, Operations
05/22/2026
Barilla Expands Avon, New York, Production Operations
05/22/2026
Intermountain Electronics Expands Centralia, Illinois, Production Operations
05/21/2026
Slate Auto Expands Troy, Michigan, Headquarters Operations
05/21/2026
Italy-Based CEP USA Plans Little Rock, Arkansas, Manufacturing Operations
05/21/2026
Virginia Transformer Plans Colbert County, Alabama, Manufacturing Operations
05/20/2026
Quantum Space Plans Tulsa, Oklahoma, Manufacturing Operations
05/20/2026
Aries Plans Detroit, Michigan, Headquarters Operations
05/20/2026
Pratt Miller Engineering & Fabrication Expands New Hudson, Michigan, Operations
05/20/2026
Combe Incorporated Expands Rantoul, Illinois, Operations
05/20/2026
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