Recent study ranks Killeen 8th strongest economy in the nation - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

KILLEEN

Recent study ranks Killeen 8th strongest economy in the nation

KILLEEN, TX (KXXV) -

According to an updated study, Killeen has one of the strongest economies in the country. The Killeen-Temple-Fort Hood Metropolitan Statistical Area ranked 8th in the nation on the POLICOM Corporation's 2013 Economic Strength Rankings.

In 2012, the MSA ranked 30th on the list.

In less than a decade, the Killeen-Temple-Fort Hood area has improved its standing by 161 places with a steady climb from the rank of 169 in 2006.

John Crutchfield, President/CEO of the Greater Killeen Chamber of Commerce, said, "For our MSA to be ranked 8th out of 366 MSAs in the U.S. is an extraordinary achievement. When coupled with other factors, such as the City of Killeen's recently achieved high-quality credit rating, the achievement is even more remarkable. Our region is poised for a tremendous future."

The 2013 study ranks Killeen-Temple-Fort Hood as the 3rd strongest economy in Texas behind Austin-Round Rock-San Marcos ranked 4th in the nation and San Antonio-New Braunfels ranked 7th. The Killeen area surpassed Dallas-Fort Worth-Arlington at the 14th position and Houston-Sugar Land-Baytown ranking 17th in the nation.

The POLICOM Corporation specializes in analyzing local and state economies and has created a study to show the characteristics of strong and weak economies.

The study measures 23 different economic factors over a 20 year period to determine an area's "economic strength."

According to the corporation, to be designated a Metropolitan Statistical Area, the area must have at least one urbanized area with a population of at least 50,000, plus adjacent counties which have a high degree of social and economic integration with the core as measured by commuting ties.

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