JACKSONVILLE, Fla. - Forbes Magazine has named Jacksonville the second largest growth sector in the United States.
Forbes and the Praxis Strategy Group compiled data from America's 51 largest metropolitan statistical areas and weighed growth between 2001 and 2012. The study found Jacksonville had 50.2 percent employment growth between 2001 and 2012, 8.4 percent just between the years of 2010 and 2012.
North Florida's metro area has grown 20 percent and its business services employment has expanded 50 percent, which is the largest jump for any of the 51 metro areas observed in the study. Many businesses leaders in Jacksonville say low costs, housing affordability, and Florida's lack of income tax make it an attractive place for businesses to move and expand.
Austin-Round Rock, TX beat out Jacksonville for the number one spot in the country, and San Francisco-Oakland, CA came in third.