Clarksville ranks 4th among mid-sized cities for business
Nashville Business Journal - by Eric Snyder Staff Writer
Clarksville has been named the fourth best place to launch a business among America's mid-sized cities by CNNMoney.com, another indicator cited by city officials of a locally moderating recession.
Clarksville was the only Tennessee city to appear on the Web site’s list of 50 best places for businesses. (In separate lists, the site also ranked large metros and small cities.)
The listings, produced by CNN’s Fortune Small Business magazine, rated cities on per-capita income, hourly wages, work force quality, crime rates, taxes, foreclosures and population size.
“More and more people are discovering what we’ve known all along, that our community not only offers a tremendous quality of life, but that our business and economic environment is one of the bright spots in our country’s economic climate,” Clarksville Mayor Johnny Piper said in a news release.
Clarksville has long been home to the Fort Campbell Army post but will soon be the site of a sprawling Hemlock Semiconductor plant, which will make the polycrystalline used in solar cells. The company is making an initial investment of $1.2 billion in the city, with plans to invest up to $2.5 billion.
CNNMoney.com wrote that Clarksville could once have been considered a small town, especially when Fort Campbell deployments sapped much of the population, leaving soldiers abroad and spouses waiting out deployments with family around the country.“But over the years,” CNNMoney.com wrote, “the city has nurtured its own hub of commerce, helped along by the presence of Austin Peay State University and spillover growth from Nashville, located 50 miles away.
Military personnel now look to settle in Clarksville and develop their own businesses when they retire.”
In other recent recognitions, Moody’s identified Clarksville as one of 23 cities, out of 381 nationally, that has a moderating recession, according to its Adversity Index.
A recent home-pricing report, conducted by Nashville’s Manier and Exton Real Estate Appraisers, showed that Clarksville home values increased 2.9 percent in 2008, compared to the national slump of 18.7 percent.
According to CNNMoney.com, the top mid-sized city in which to start a business is Huntsville, Ala., followed by Lafayette, La., and Omaha, Neb.
Clarksville has been named the fourth best place to launch a business among America's mid-sized cities by CNNMoney.com, another indicator cited by city officials of a locally moderating recession.
Clarksville was the only Tennessee city to appear on the Web site’s list of 50 best places for businesses. (In separate lists, the site also ranked large metros and small cities.)
The listings, produced by CNN’s Fortune Small Business magazine, rated cities on per-capita income, hourly wages, work force quality, crime rates, taxes, foreclosures and population size.
“More and more people are discovering what we’ve known all along, that our community not only offers a tremendous quality of life, but that our business and economic environment is one of the bright spots in our country’s economic climate,” Clarksville Mayor Johnny Piper said in a news release.
Clarksville has long been home to the Fort Campbell Army post but will soon be the site of a sprawling Hemlock Semiconductor plant, which will make the polycrystalline used in solar cells. The company is making an initial investment of $1.2 billion in the city, with plans to invest up to $2.5 billion.
CNNMoney.com wrote that Clarksville could once have been considered a small town, especially when Fort Campbell deployments sapped much of the population, leaving soldiers abroad and spouses waiting out deployments with family around the country.“But over the years,” CNNMoney.com wrote, “the city has nurtured its own hub of commerce, helped along by the presence of Austin Peay State University and spillover growth from Nashville, located 50 miles away.
Military personnel now look to settle in Clarksville and develop their own businesses when they retire.”
In other recent recognitions, Moody’s identified Clarksville as one of 23 cities, out of 381 nationally, that has a moderating recession, according to its Adversity Index.
A recent home-pricing report, conducted by Nashville’s Manier and Exton Real Estate Appraisers, showed that Clarksville home values increased 2.9 percent in 2008, compared to the national slump of 18.7 percent.
According to CNNMoney.com, the top mid-sized city in which to start a business is Huntsville, Ala., followed by Lafayette, La., and Omaha, Neb.
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