In a recent study by POLICOM, the Raleigh-Cary area has the 15th strongest U.S. Economy. The annual study measures 23 different economic factors, including employment figures and salary rates, over a twenty-year period to create the rankings. The formulas determine how an economy has behaved over an extended period of time. Data stretching from 1989 to 2008 was used for the current study.
“The rankings do not reflect the latest ‘hotspot’ or boom town, but the areas which have the best economic foundation,” William Fruth, Policom president, said in a news release. “While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm.”
Raleigh-Cary, which comprises Wake, Johnston, and Franklin counties, matched its No. 15 ranking of 2009 – the area’s highest since finishing ninth in 2004.