Three Central Texas cities rank number one for job stability
UPDATED: Friday, April 13, 2012 - 9:53am
The Milken Institute evaluates what cities are best able to create and sustain jobs each year. Temple, Killeen, and Forthood are ranked number one in the Milken Institutes best-performing index this year.
Ranking number two last year, these cities continue to economically develop, despite the downward spiral of the economy nationwide.
The president of the Temple Economic Development Corporation, Lee Patterson, says that the cities key to success is, "we have a very focused effort on creating jobs and creating new investment for this community, and it is even more important in this time of difficulty than it is in times when its good. So, we are going to keep our focus going in this direction."
Mr. Patterson also said that because the community has worked together, companies from all over the city are seeing growth within their business'.
Gary Schmidt, The president for the Central National Bank in Temple, says that "for our company again, its produced job opportunities for new hires, its produced opportunities to expand and promote within/. As people join our company as employees, are able to move up within the organization."
Economic researchers at the Milken Institute say that the great recession has taken a toll on many cities, however there are lessons to be learned from regions like Central Texas, that will prepare them to deal with this economic turmoil.