What is in this article?:
- 9 hot U.S. markets for job growth
- Westward expansion
NRN takes a look at the U.S. metro areas with the best projections for job growth according to IHS Global Insight, which translates into sales potential for restaurants.
Baton Rouge, La.
Employment is expected to grow by 15.5 percent in Louisiana’s capital region by 2020, according to the Louisiana Workforce Commission. Industries leading the charge include administrative and waste services, projected to increase 33.9 percent; professional, scientific and technical services, projected to rise 30.1 percent; transportation and warehousing, projected to jump 27 percent; and construction, projected to increase 21.9 percent.
No. of new jobs by 2020: 37,700
San Antonio-New Braunfels, Texas
San Antonio is planning for its future through a nonprofit group called SA2020. The group’s goal is to increase the area’s attractiveness as a place to live, work and play. The industries targeted for growth are education, hospitality, health care, aerospace, information technology and biosciences.
No. of new jobs by 2020: 159,000
El Paso, Texas
The expansion of Fort Bliss and a subsequent increase in military jobs and local retail are expected to drive much of the economic growth in the El Paso area, according to projections by Thomas M. Fullerton, an economics professor at the University of Texas at El Paso. The nearby maquiladora industry — the Mexican manufacturing operations in the free-trade zone — is also expected to grow, boosting the regional economy.
No. of new jobs by 2020: 43,100
Colorado Springs, Colo.
Home to the U.S Air Force Academy and the North American Aerospace Defense Command, Colorado Springs will continue to be a bastion of aerospace and defense jobs. But the area’s wide-open spaces, Mountain Time Zone and tendency toward healthy living will lead to job growth in sectors like clean technology, back-office support and wellness, according to the Colorado Business Alliance.
No. of new jobs by 2020: 42,800
The Tacoma area is an international gateway for trade, especially with China. Along with the jobs supported by the region’s many ports, the area also is home to such well-known companies as Amazon.com, Costco, Microsoft, Boeing, Nordstrom and Starbucks. The Puget Sound Regional Council projects that jobs related to professional, health, hospitality and education services will lead growth through 2040.
No. of new jobs by 2020: 285,200
This article has been revised to reflect the following correction:
Correction: October 9, 2013 This story has been updated to state that Colorado Springs is located in the Mountain Time Zone.