I am always looking at articles that I come across about different cities in the USA to help me decide if I should stay in Chicago or leave for some other city.
Main Street came up with a list of 10 cities that they think will do well in 2012. For the most part I can agree with some of their findings. Some of the cities on the list are Chicago, Austin and Houston. So it is pretty interesting.
The positives for Austin are the usual: the University of Texas, state government, and increasing employment in the private sector. The positives for Houston are the energy sector and a more stable housing market.
The reason that Chicago will do well in 2012 is because the next G8 meeting will be here. So there will be a lot of spending on security and because of all of the people coming in for the meeting. So while that means Chicago will see an uptick in 2012, there is no long-term trend as we see for Austin and Houston.
Many of the other cities are also on the list because they are the sites of one-time events: the Super Bowl (Indianapolis), the Democratic nominating convention (Charlotte) and the Rescumlican convention (Tampa). So what happens to all these cities in 2013? Will they rise or decline? If I leave Chicago, it will not be a short-term change.