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Submitted by DWF Staff on Tue, 01/19/2010 - 22:08
Buzz It!
Buzz It!
Posted to the Fans of Historic Wake Forest Meetup Group - Thanks Bob!
Wake Forest, NC – On January 5, 2010, Gadberry Group announced its list of last year’s nine most notable high-growth areas in the US – Gadberry Group’s “9 from 2009.” Wake Forest, NC earned the number 6 spot on that list.
“As a Wake Forest native, I’ve recognized the explosive growth that our community has experienced. The Gadberry data will give us the quantitative tools we need to continue to draw new development to Wake Forest,” said Don Stroud, Wake Forest Area Chamber of Commerce Board Co-Chair.
Headquartered in Little Rock, AR, Gadberry Group provides location intelligence services and data for the world’s top retail brands.
Wake Forest is located northeast of Raleigh and was recognized by Forbes magazine in 2007 as the 20th fastest growing suburb in the US. According to Gadberry data, the Wake Forest area grew from 8,150 households in 2000 to 17,803 in 2009, or 118%. Wake Forest had 13 Emerging Blocks, the second highest in the group.
Wake Forest saw an overall decrease in median age, dropping from 34.5 in 2000 to 34.1. Average household income for Wake Forest increased from $70,148 to $82,771.
“We are posed to show the nation and world Wake Forest. This area has all the tools to prosper in the new decade and century. We have the viable educated workforce and all the criteria for businesses of the future,” Wake Forest Area Chamber of Commerce President Marla Akridge said.
Gadberry Group uses proprietary products to employ a statistical ranking system that evaluates the 17,000 Census Places. Selection criteria and ranking methodology include percent change, absolute change and emerging Census blocks (those growing from less than 10 households in Census 2000 to over 100 in 2009). The analysis considers total growth from 2000 to 2009, as well as that from 2008 to 2009. Gadberry also weights the analysis using key demographic variables such as ethnicity, household income, net worth, economic stability, length of residence and age.
The firm provides location-based services and information data products for clients who demand the most current, accurate and precise household and population data for their site location analysis.
