Industry News / Corporate Releases
Cedar Rapids Rated as a Top Value Town!
2011-07-27
July 27 2011--Cedar Rapids, Iowa, home to Infinity Contact headquarters, was named as the 9th Best City by Kiplinger Magazine. The 10 Best Cities list focuses on metro areas with vibrant economies, reasonable living costs, and great amenities.
The list, including a mix of midwest and southern cities, has several common themes: 1) partnerships that have been vital to nurturing business environments that attract employers and high-paying jobs, 2) low housing costs, and 3) quality of life.
To identify the winners, Kiplinger's teamed up with Kevin Stolarick, research director at the Martin Prosperity Institute, a think tank that studies economic prosperity. The cost-of-living index is based on the national average of 100. Cities with a score below 100 have a lower cost-of-living. Staff reporters then visited each of the top ten cities to help determine the final rankings.
Excerpts of the Cedar Rapids profile include:
- Population (metro): 251,948
- Unemployment rate: 5.6%
- Cost-of-living index: 92.9
- Median household income: $52,298
Question: Which city is home to, or close by, 30 Fortune 500 Companies, more than a dozen foreign corporations, and serves as a Midwestern hub for the high-tech, health care and financial sectors? And you thought Cedar Rapids was just home to Quaker Oats. Its economy is bouncing back from a 2008 flood that submerged the downtown district, causing businesses to flee. The city recently broke ground on a $100 million convention complex and is planning a $50 million library, both slated for completion in 2013, which will bring jobs to the area.
Read more: http://www.kiplinger.com/slideshow/best-value-cities-2011/10.html#ixzz1TJSRoSLx




