Houma-Thib Ranked High by Area Development Magazine

The Houma-Thibodaux Metropolitan Service Area (MSA) was recently ranked #24 out of all 380 MSA’s in the United States in a recent article in Area Development Magazine.  The article, “Leading Locations for 2013: Ranking MSAs for Econimic & Job Growth”, analyzed economic and work force data to rank the MSAs.  When segregated into mid-sized cities, Houma-Thibodaux ranked 6th.

When discussing where businesses should consider to locate, the article said “it is important to locate the operation in a city or region that knows how to grow its economy and has the track record to prove it.”

Its summary of Houma-Thibodaux states:

“This 200,000-person MSA is in the heart of Bayou Country, along the Gulf of Mexico in southern Louisiana. It covers two parishes — Lafourche and its parish seat of Thibodaux, and Terrebonne with its main cities of Houma and Bayou Cane.

Both natural waterways and industrial channels provide easy shipping access from the Gulf of Mexico to these cities. This inland port system is well-developed enough to service both heavy manufacturing and the oil and gas industries; key intermodal centers are nearby, as well as easy access to all six of North America’s Class I railroads.

Top industries for Houma-Bayou Cane-Thibodaux include oil and gas, metal manufacturing, food manufacturing, plastics, medical, seafood, agriculture, biofuels, and professional services. Over the years, this MSA has ranked consistently as one of the strongest economic regions in the U.S., thanks to its natural resources, low business costs, and highly skilled work force. The unemployment rate is about 4 percent — about the same as it was during the Great Recession.”

Logan Babin Real Estate is proud to have helped many companies large and small find the proper location in Houma-Thibodaux for their business to thrive!  Contact one of our agents today and put our expertise and experience to work for you.

You will then see what we mean when we say: Local Knowledge.  National Reputation.

To read the full article in Area Development Magazine online, please CLICK HERE.

This entry was posted in Houma Terrebonne Lafourche, LA Commercial Real Estate News, Louisiana Commercial Real Estate, Louisiana Industrial Real Estate and tagged , , , , , . Bookmark the permalink. Both comments and trackbacks are currently closed.