Springs makes BusinessWeek’s ’40 Strongest’ list

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Once again, Colorado Springs is in the spotlight for being a great place to live–but this time it’s not for the mountains, the view or the many places to hike, mountain bike or road bike.

The Springs is on BusinessWeek’s 40 Strongest U.S. Metro Economies list.

The Pikes Peak region ranked 24th on the list, which was compiled using data and analysis from  Brookings Institution’s new MetroMonitor study.

BusinessWeek ranked the 100 largest metro areas by economic growth, home prices, job growth and employment.

San Antonio, Texas ranked number one, while Memphis, Tenn. trailed in last.

“Some metros across the nation have managed to stay out of the recession’s path and could now be poised for recovery,” stated BusinessWeek.

 Colorado Springs metro area gross metropolitan product for the second quarter was down just 2.7 percent from a peak during the third quarter of 2008.

Home prices were flat during the second quarter compared with the same period a year earlier.

And the final reason given for ranking the Springs 24th: The unemployment rate in June was 8.3 percent, up 2.4 points from a year earlier.