The Southwest energy belt also saw earnings growth for nondurable manufacturing that outpaced the national average. Oklahoma, with earnings growth of 4 percent in nondurable goods manufacturing, led all states in the quarter.
Madison is home to the University of Wisconsin and is also the state capital. Those facts alone help it immensely. Major institutions like that can lead to greater stability for its population and economy, and often help a small to mid-sized city outperform some of its larger counterparts. They bring in talent, research investment, jobs and a fresh influx of new residents.
Exports as a driver of economic growth at the state level is well documented, and as newly released figures from the U.S. International Trade Administration show, overseas markets are playing a more prominent role in the economies of the nation’s metropolitan areas. MSAs continue to be “critical drivers of the nation’s export economy,” the ITA notes in its […]