Quote:
Originally Posted by NanoBison
I want to see the city grow and mature into a regional powerhouse along the levels of a Madison, Des Moines, Boise (got hit hard though after the tech burst), Omaha, or the such. We've been labeled by the rest of the state and we have to live up to it (Imperial Cass).
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We are talking about metro areas here that are from 500,000 people to 850,000 people when this CSA is 210,000 people and has an out-migration on the domestic level in 2004. Fargo at the current growth level would take 150 years to hit 500,000 people.
Fargo has a fairly large computer/technology base in town. Fargo is a small city with a stable slow growth economy. It does better then alot of places on this area. The job base is here but wages in Fargo are extremely low compared to the national average as an average, obviously they have exceptions.
People in Fargo tend to have very large families. I think Fargo MSA even if it has more technology companies come in that it will still have low per-capita incomes compred to the following cities because people here have much larger families than in Madison, WI. Utah for example has very high household incomes but because of large households its per-capita is dragged down to like 45th or something.
The following cities your talking about are very well off per-capita, have more airport conncections, have many large corperations based in their city and most importantly higher wages.
Omaha is the 16th highest per-income economic area in the country for example, Fargo's economic area is 92% of the national average and the MSA is 96%.
Omaha for example has one fortune 500 company for every 80,000 people living in that city (5 total), Des Moines is one of the highest ranked for insurance companies and Madison's a state capital of a large state and has a 45,000 student university. These are extremely successful cities.
Boise has 6 percent job growth, which is 6 times the rate of Fargo's job growth. I think its safe to say that they arent living in a depression in Boise