Forbes ranks Des Moines No. 1 place for business
Wednesday, August 07, 2013 2:25 PM
Des Moines came in No. 1 on the Forbes 2013 Best Places for Business and Careers list, Forbes announced today.
The city was the only one to rank in the top quartile in at least nine of 12 metrics Forbes graded on. Highlights, the article said, include business costs that are 17 percent below the national average and a workforce in which 36 percent of the population has a college degree.
The article notes that Des Moines has a has a "strong foothold" in finance and insurance, with Wells Fargo & Co. adding more than 4,000 jobs in the past 10 years and both Wells Fargo and Principal Financial Group Inc. announcing expansions.
It also credits Facebook Inc. and Microsoft Corp.'s data centers, and energy costs that are 22 percent below the national average.
Provo, Utah was second on the list. Raleigh, N.C. was third, Lincoln, Neb., was fourth and Nashville was fifth.