Tallahassee Metro Area Economy Recognized for “Continued Strength”

The Leading Metro Locations report, published by the Area Development magazine, has highlighted the Tallahassee Metropolitan Statistical Area (MSA) for continued economic strength and competitiveness.

This is the second consecutive year the report has recognized the Tallahassee area economy.

The 2024 report ranked the Tallahassee MSA #2 in the South Atlantic Region – comprised of MSAs in Florida, Georgia, North Carolina, South Carolina, Virginia, and West Virginia—rising from fourth place.

The Tallahassee MSA ranked #4 of all the metro areas analyzed, jumping five spots to secure fourth place nationwide.

The 2024 report analyzed 410 MSAs (a seven-percent increase from 2023) with a one-, three-, and five-year retrospective of the indicators to provide a comprehensive assessment of economic conditions.

In a press release highlighting the report, The Tallahassee-Leon County Office of Economic Vitality stated, “This recognition underscores the area’s ongoing economic vitality, investment appeal, and ability to attract and retain businesses. Tallahassee placed among the top five overall performers for steady growth and amid the best in economic strength and prime workforce.”

The press release noted, “Over the past five years, the Tallahassee-Leon County metro area has achieved remarkable success in job creation, adding more than 18,000 new jobs—97 percent of which were in the private sector—through strong partnerships between businesses, educational institutions, chambers of commerce and workforce development organizations.”

“Tallahassee offers a unique blend of affordability, livability, and economic strength making it a prime destination for growth and success in today’s competitive economy,” City Manager Reese Goad said. “Through a forward-thinking approach, we have successfully fostered a business-friendly culture that is thriving on innovation and opportunity.”

Leon County Administrator Vincent S. Long said, “Through strategic investments and a commitment to growing our local workforce, Leon
County is a place where businesses can thrive, and residents can succeed. This economic momentum shows no signs of slowing down.”

Methodology

The Leading Metro Locations report, developed by Area Development, highlights communities with significant long-term growth potential. Their research methodology incorporates 24 economic and workforce indicators based on datasets produced by Chmura Economics & Analytics, which are compiled from trusted sources like the U.S. Bureau of Labor Statistics, U.S. Census Bureau, Bureau of Economic Analysis, and JobsEQ.

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