Those fun folks over at MarketWatch and their wild and wacky lists . . . gotta' love em. Today, the listmakers decided to rank the top 50 major metropolitan areas in terms of why a business would move there (the entire list is available here). According to the article, education prospects, crime statistics, weather, and quality of life are often reasons given for moving a business to a given city. Well, the best city for business according to MarketWatch is Minneapolis-St. Paul. The cities were ranked against each other from 1 to 50 in 8 categories: Fortune 1,000, S&P 500, Russell 2,000, Forbes 400, small-business, unemployment, population growth, and job growth. The top-rated city received a 50, the worst received a 1. The scores from each of these categories were then added together and voila! You have a city's ranking.
In the article, the list-makers note that they defined a metro area as far as the concrete runs. Now, I may not know exactly what that means, but the example of a company 2 hours away from L.A. being considered home town is a bit fishy to me. Let me explain. Columbus, Ohio (home of The Ohio State University) is less than 2 hours from Cincinnati. I know this because my wife attended OSU and I would make the drive up and back many a weekend (we had seasons tickets for football and there was always a party somewhere). Now, there is a major highway that runs between these cities, so . . . why is a major company situated 15 miles south of Columbus not considered a Cincinnati business? My thinking may be flawed and I may have missed the point, but Columbus is ranked 14th while Cincinnati is ranked 32nd. In fact, to belabor the point, it was less than a 2-hour drive to Louisville for the Police concert a few months back, so why is it ranked lower than Cincinnati? Nonetheless, the Midwest is represented very well in this list.