CALIFORNIA BUSINESS MINUTE
Best & Worst Managed Cities
Part 2, Best Managed
01-18-12
Hi, I am Tim Johnson and welcome to the California Business Minute.
California cities made both the “Best and Worst Cities Managed in the Nation,”
according to a new ranking by the website 24/7 Wall Street com. The review used
information from crime statistics (violent crime) to poverty rates, education
levels of residents, city credit ratings and financials, housing market
indicators, general overall economy specifically the city’s abilities to
encourage business prosperity and creation of jobs.
Two California cities made the Top Ten list of the “Best Managed,” they are
Irvine and Fremont. The reasons behind their high rankings were based upon
their financial conditions of their cities and also to create and encourage
job growth. For example, Fremont, lost the NUMMI auto plant and nearly 5,000
jobs, but it has in part been replaced in a short time period by well over a
thousand new jobs by the electric car manufacturer-Tesla that is forecasted to
double that number of employees over the next year. Additionally, the City has
taken a hit with the financial demise of Solyndra, the solar panel manufacturer.
Yet, again, it is working on other business recruitments to continue to diversify
and sustain its economy.
The following identifies the Top Ten Managed Cities.
TOP 10 BEST MANAGED CITIES IN THE NATION
1. Virginia Beach, VA
2. Irvine, CA
3. Madison , WI
4. Fremont, CA
5. Lincoln, NB
6. Chesapeake, VA
7. Seattle, WA
8. Scottsdale, AZ
9. Chandler, AZ
10. Plano, TX
To view the report, go to http://247wallstreet.com Go to special reports at the
Main Menu.
I am Tim Johnson and this has been the California Business Minute.
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