Perryman: McAllen Has Been a Great Place to Weather the Recession
As the keynote speaker at the city's 2010 Economic Forecast Summit on Tuesday morning, Perryman gave his predictions on how the region will fare as the recession moves into the recovery phase.
“You couldn't find a better state to be in than Texas during something like this, you can't find a better city to be in than McAllen at this time,” Perryman told summit attendees. “That's not to say there haven't been hardships like job losses, but on virtually every truth that is right in evaluating cities and how they did, McAllen is somewhere in the Top 5 best cities to weather this whole situation.”
Tantamount to the region's success in the current downturn include some early net job growth, steady employment, and a “healthy set” of banks, Perryman said. The region has also piqued the interest of companies, who are looking for an ideal place for low-cost production.
“Companies are becoming absolutely obsessed with cost control in the economy, and that makes us more attractive in a lot of areas. So, we are forecasting growth over the next term,” Perryman said. "
By the numbers, experts at the summit predicted that jobs in border MSAs will likely grow from 1 to 4 percent in 2010 as a forecasted improvement in electronics and auto manufacturing will stimulate job growth along the border. Job growth in Texas will likely...
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