Lewiston-Auburn Named in Top 100 “Best Places for Doing Business” List
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Lewiston-Auburn Economic Growth Council
June 09, 2005
For the second year in a row, Lewiston-Auburn has made the top 100 list of Inc. Magazine’s 2005 “Best Places for Doing Business in America.”
Inc. examined 274 population centers looking for such criteria as job creation and sustained growth. Lewiston-Auburn, Maine, was ranked #99 out of the 274 communities on the 2005 list.
In addition, Lewiston-Auburn increased its standing on three additional Inc. review lists: Best Places - Small Cities: 38th in 2005 vs. 39th in 2004; Fastest, Most Sustained Growth: 92nd in 2005 vs. 105 in 2004; and Most Balanced Economy & Growth: 177 in 2005 vs. 192 in 2004.
There are only six New England communities listed among the Top 100, with only two from Maine, that of L-A and Portland.
Joel Kotkin, Irvine Senior Fellow with the New American Foundation and the author of “The City: A Global History,” provides information on the 2005 “best cities” listing in the May 2005 issue of Inc. His article notes, “Our assumption is that job growth is the best measure of a region’s economic vitality–especially as it applies to entrepreneurs. So we looked for jobs. . . . What’s more, strong job growth suggests that a region’s economy is expanding. That means new demand and new opportunities.”
The 2005 Inc. review also states that the economies of most big cities are idling and that the real entrepreneurial hotbeds are now on the periphery, where low costs make it possible to thrive in a tough global economy.