Triangle ranked 2nd for growth prospects
Raleigh-Cary will rank among the nation’s five fastest-growing metro areas over the next seven years, according to a report issued by the U.S. Conference of Mayors.
Economic output in Raleigh-Cary will expand 4.3% annually between 2013 and 2020, trailing only Austin, Texas, among the 100 largest metros, the report predicts. Durham-Chapel Hill is fifth, trailing Fayetteville, Ark., and Riverside, Calif., in the report by IHS Global Insight, a New York-based research firm.
Charlotte ranked 19th with annual growth of about 3.5% expected. Greensboro-High Point is predicted to expand by 2.7%, and Winston-Salem 2.6%.
The report notes that the Charlotte metro — which includes Gastonia, Concord and Rock Hill, S.C., and is the 22nd largest economy in the U.S. — makes up about 26% of the state's total output. The Triangle (Raleigh-Cary and Durham-Chapel Hill) accounts for 22% and the Triad (Greensboro-High Point and Winston-Salem) 13%.