Leading MSA for Economic and Job Growth
MSAs were evaluated across 21 economic and work force indicators for the annual
leading locations listing. Lafayette
ranked first overall, first regionally and first within its population
category. Lafayette also came out first
for Economic Strength and Year-Over-Year Growth.
Source: Area Development, May 2013.
Top 10 Foodie City
a national website that ranks the quality of life and travel amenities of
America’s small and mid-sized cities, named Lafayette one of the Top 10 Foodie
Cities. Source: Livability, April 2013.
Largest Employment Increase
December 2011 to December 2012 Lafayette MSA experienced an 8.6% gain in employment—the
largest in the nation. Source: Bureau of Labor Statistics, January 2013.
Best Music Festival
second year in a row, Lafayette’s Festival International de Louisiana beat out
other music festivals from around the world and was voted Best World Music
Festival. Source: About.com, March 2013.
Best Places for a Working RetirementLafayette ranked in the top 25 cities by Forbes for Best Cities for a Working Retirement. The study cited relatively low cost of living and low unemployment as some of the criteria used in selecting cities. Source: Forbes, February 2013.
America’s Healthiest Cities
10 healthiest cities in America were named and Lafayette came in at number 6.
Gallup-Healthways surveyed thousands of Americans in 189 metropolitan areas
across the country in 2012 and 2013. Physical and emotional health were taken
into account as well as job satisfaction and access to basic needs.
Source: 247wallstreet.com, April 2014.
City of the Future
was named as one of the top 10 Small American Cities of the Future and was at
the top of the list for Foreign Direct Investment Strategies for small cities.
fDi Magazine, April 2013.
Top 10 in the South
was recognized in Southern Business and Development’s annual Top 10 issue as an
“Oil and Gas Rich Market with Plenty to Offer Your Non-Oil Related Company.
Source: SB&D, Winter 2013.
Lafayette is ranked 24th (out of 200 metropolitan areas) in the Milken Institute's Best Performing Cities Index. Lafayette saw one of the biggest gains from the previous years index, jumping nearly 70 places. The index is based on indicators including employment figures, salary growth, and technology. Source: Milken Institute, January 2013.
Best Mid-Size City for Job GrowthLafayette has topped Forbes’ annual list of best mid-sized cities for job growth with a growth rate of 5.2% between November 2000 and January 2012. Source: Forbes, May 2012.
Tastiest TownSouthern Living named Lafayette its Tastiest Town in the South for its April 2012 issue. The magazine allowed its readers to vote in an online competition between ten southern cities, and Lafayette came out on top. Source: Southern Living, April 2012.
Most OptimisticABC News named Lafayette the second-most optimistic metro area in the United States. Just over 75% of residents asked said that Lafayette is getting better as a place to live. Source: ABC News, March 2012.
Top 10 Spring Break Destination for FamiliesThe website Livability.com ranked Lafayette as the #4 Spring Break destination for families in 2012. Source: Livability.com, February 2012.
Best AirportThe Federal Aviation Administration has named the Lafayette Regional Airport the 2011 Louisiana Airport of the Year. The airport also received the designation in 2005. Source: The Daily Advertiser, December 2011.
Fastest Growing Middle ClassLafayette has the sixth fastest-growing middle class in the country, growing 4.1 % from 2006-2010. The national ranking by USA Today utilized Census data, and Lafayette had one of the fastest growth in household incomes between $20,700 and $99,900. Source: The Independent Weekly, October 2011.
Best EventFestival International (FIL) was named one of the American Bus Association's (ABA) Top 100 Events in North America for group travel in 2012. Winners are nominated by ABA members, and FIL has made the list in six previous years. Source: ABA, September 2011.
Fastest Economic GrowthThe Bureau of Economic Analysis ranked Lafayette sixth on the list of the top 15 cities in the country with the fastest economic growth. Source: Bureau of Economic Analysis, September 2011.
Top Place to LiveIn 2011, Lafayette was ranked one of the "Top100 Places to Live" by Relocate America. The 14th annual survey focused the 2011 survey on communities well-positioned for recovery and growth. Source: RelocateAmerica, July 2011.
Best for FoodLafayette was named "Best for Food" in Rand McNally/USA Today's Best of the Road competition. Two judges traveled cross-country and judged Lafayette against five other nominated cities, and Lafayette's food came out on top! Source: USA Today, July 2011.
Most Affordable PlacesLafayette Parish was listed as number 9 in America's Best Affordable Places for 2011. The survey used unemployment data, as well as housing costs, crime and educational statistics, to rank communities across the country. Source: Bloomberg Businessweek, May 2011.
Digital Media HubLafayette was honored as one of the top cities in the south for digital media efforts. LITE, Fiber to the Premises, the OM and growth in high-tech GDP, as cited by the Milken Institute, were the contributing factors for Lafayette to be recognized as a place where digital media is clustered in the South. Source: Southern Business and Development Magazine, April 2011.
Economic Development CollaborationLafayette was recognized as one of the top ten areas in the southern United States for its cooperative economic development efforts through its new Opportunity Machine (OM), Lafayette’s new technology accelerator. The OM is a collaboration between the Lafayette Economic Development Authority, the Louisiana Immersive Technologies Enterprise (LITE), the University of Louisiana and the Greater Lafayette Chamber of Commerce. Source: Southern Business and Development Magazine, April 2011.
Best CitiesThe Lafayette MSA was ranked 11th "Best Performing (Large Metro) City" in the country. The survey cited five year job growth (ranked 5th), five year wage & salary growth (ranked 2nd), and one year relative high-tech GDP growth (ranked 4th) as key indicators. Lafayette was ranked 9th in 2009. Source: Milken Institute, October 2010.
Cities to Restart Your Career Lafayette is once again recognized for its job market and strong economy in this article by The Daily Beast. The article investigates cities that are a great place to transition into successful second careers based on several factors. These include small business friendliness, the ease of finding a job, high income levels, low costs of living, non-profit friendliness, and student friendliness. Lafayette is named 20th in this 30-city ranking. Source: The Daily Beast, October 2010.
Recession Proof CitiesLafayette was named one of twenty cities in the country that is proving "recession proof." The twenty cities cited have shown positive growth across three economic categories since 2007- overall employment, per capita personal income, and metropolitan area GDP. Source: The Daily Beast, September 2010.
Awesome Summer VacationBing Travel names Lafayette as their top Louisiana recommendation for summer vacations in each state. Source: Bing Travel, July 2010
Lafayette makes list of top cities for musicJoining familiar music havens including Austin and New Orleans, Jim Harrington of the Oakland Tribune ranked Lafayette as one of six cities in the United States for its music scene. Published on the Fourth of July, the article singled out Festival International and Blue Moon Saloon among other local favorites. Lafayette topped other larger cities well-known for their music including places like New York City and Nashville.
Best Cities for surviving the recessionIn May 2010, Lafayette was listed with cities such as Austin, Texas and San Francisco, California as one of twenty cities emerging from the recession. The article, published by Yahoo, cited the energy industry and the continued diversification of the Lafayette economy.
2010 Best Cities for Job GrowthLafayette was ranked #8 in the "Best Cities for Job Growth" listing among other medium-sized cities and 46th in the overall rank. The index is calculated based on Bureau of Labor Statistics employment data and takes into account recent growth trend, mid-term growth, long-term trend and momentum, and current year growth.
Best Places to LiveIn 2010, Lafayette was ranked one of the "Top100 Places to Live" by Relocate America. The 13th annual survey focused the 2010 survey on communities well-positioned for recovery and growth.
Strong Economy during Tough TimesLafayette was one of nine cities in the country to experience a growth in construction jobs during the time period from January 2009 - January 2010. Lafayette gained roughly 100 jobs during that time period and was ranked ninth in job growth out of 337 metro areas as measured by the Associated General Contractors of America. Source: The Independent Weekly, March 31, 2010.
Best Cities The Lafayette MSA was ranked 9th "Best Performing (Large Metro) City in the nation citing job growth (ranked 22nd), salary growth (ranked 10th), and 5-year high-tech GDP growth (ranked 19th) as key indicators. Lafayette was ranked 14th in 2008. Source: Milken Institute, November 2009
Best Place to Launch a BusinessLafayette was ranked 2nd and one of only of 20 mid-sized markets in the nation for small business startups based on factors like a growing economy, affordable workforce, stable housing market, and low crime. Source: Fortune Small Business, October 2009
Best Places to Find a JobLafayette is the 8th best city in the U.S for job growth in the fourth quarter of 2009 with a net employment outlook of 9%. Source: Forbes.com, September 2009
Best Places for BusinessThe Lafayette MSA is among the 15 metro areas in the U.S. with the fewest small business bankruptcy filings between June 2008 and 2009. Source: Equifax, August 2009
Hot Market in a Cold EconomyLafayette is one of 18 markets in the south to make this list that identifies those locations doing well during the nation's economic downturn. Source: Southern Business & Development Magazine, May 2009 (Winter 2009)
Smaller Markets for Foreign InvestmentBecause of Lafayette's international ties and foreign-based companies with local operations, Lafayette was named one of ten markets in the South that are most favored by major international companies. Source: Southern Business & Development, May 2009 (Winter 2009)
Best Places to Find a JobLafayette is one of the top six metro areas with population of 200,000-plus based on unemployment rates and proportion of professional jobs. Source: Money.com, April 2009
Best Mid-Sized Cities for JobsLafayette is ranked as the 3rd best mid-sized metro area for jobs citing job growth of 16.3% over the past 12 years, low labor costs and a strong energy industry. Source: Forbes Magazine, April 2009
Business StartupsLafayette is named one of the top 50 small cities in the nation to start a small business based on the number of small businesses and start-ups, workforce, universities and patents issued, among other measures. Source: BusinessWeek.com, March 2009
Best Places for Business and CareersLafayette's cost of doing business ranks 32nd lowest, income growth ranks 19th and job growth ranks 24th among the largest 200 US metro areas. Source: Forbes Magazine, March 2009
Employment OutlookThe Lafayette MSA was reported to have the highest new employment outlook (25% net employment) in the nation based on local hiring plans and unemployment situation. Source: Manpower, December 2008
Best CitiesThe Lafayette MSA was ranked 14th "Best Performing (Large Metro) City in the nation citing job growth (ranked 12th), salary growth (ranked 1st), and high-tech GDP growth (ranked 29th) as key indicators. Lafayette was ranked 24th in 2007. Source: Milken Institute/Greenstreet Real Estate Partners, September 2008
To Live and PlayLafayette ranks among the up and coming 50 as the best place in the south central region for paddlers (i.e. canoeing) in an article entitled "Where to Live and Play: the fifty next great adventure towns." Source: National Geographic Adventure Magazine, August 2008
Best Places for Doing BusinessLafayette was named the 42nd best city in the nation for doing business based on job creation, job center diversity, and other business concerns. Among other cities of its size, Lafayette ranked 10th. Source: Inc. Magazine, July 2008
Innovation MarketLafayette was named one of the "Top 10 Great Innovation Markets in the South" for its efforts in nurturing and attracting innovation-driven industry and business. Source: Southern Business & Development Magazine, April 2008
Best CitiesThe Lafayette MSA was ranked 24th "Best Performing (Large Metro) City in the nation citing job growth (ranked 10th), salary growth (ranked 16th), and high-tech GDP growth (ranked 15th) as key indicators. Lafayette also made the biggest jump in the index, from 143rd in 2005. Source: Milken Institute, September 2007
Workforce TrainingThe Lafayette/Acadiana region ranked first in the state for Incumbent Worker Training Program grants. 64 contracts totaling $8.53 million were awarded over the course of the fiscal year. Source: Louisiana Department of Labor, August 2007.
Creative ClassLafayette was named one of the top cities in the South for the "Creative Class," based on its commitment to technology, forward thinking, and cultural diversity. Source: Southern Business & Development Magazine, May 2007.
Best for Business and CareersLafayette's Cost of Doing Business ranks 37th lowest among the largest 200 US metros. Source: Forbes Magazine, May 2007.
Best Places for Doing BusinessLafayette was named the 127th best city in the nation for doing business based on job creation, job center diversity, and other business concerns. Among other cities of its size, Lafayette ranked 78th. Source: Inc. Magazine, April 2007
Quality of LifeLafayette was ranked as a top 5 small city for Quality of Life among all North American cities with populations less than 500,000 people. Source: fDi Magazine, April 2007.
Job Growth & Wage GrowthThe US Department of Labor ranks Lafayette 2nd out of 325 large counties with a 7.0% increase in job growth from June 2005 - June 2006. In the same report, Lafayette ranked 6th for wage growth with a 9.9% increase in weekly wages. Source: US Department of Labor, January 2007
Hot Cities for EntrepreneursLafayette was named the 22nd best mid-sized city in the nation for entrepreneurs. Lafayette Parish ranked 38th best county out of the 718 small counties surveyed. Source: Entrepreneur Magazine, September 2006
Best Places for Business and CareersLafayette's Cost of Doing Business ranks 35th in lowest cost among the top 150 metro areas. Source: Forbes Magazine, May 2006
Best Cities for Relocating FamiliesLafayette was named the 6th best city for 2006 according to Worldwide ERC. The ranking was based on traditional factors such as commute times, tax rates and average home cost and appreciation. Also taken into consideration were more diverse cost of living and quality of life variables. Source: Worldwide ERC, May 2006
Tech-Intensive PopulationLafayette achieved a rank of 225 out of all 3000+ counties in the US for being one of the most tech-savvy areas in America. Source: USA Today, October 2005
Best Places for Doing BusinessLafayette was named the 68th best city in the nation for doing business based on job creation, job center diversity, and other business concerns. Among other cities of its size, Lafayette ranked 22nd. Source: Inc. Magazine, May 2005
Cities Rising Fast on the High-Tech HorizonLafayette was named the tech center in the South based on its appeal to and ability to attract high-tech companies. Source: Entrepreneur Magazine, October 2004
Cool CitiesLafayette was named one of the 10 “Coolest Cities in the South.” Source: Southern Business & Development Magazine, Winter 2003/2004
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