Lowell, Arkansas was named the #1 high-growth city in Arkansas, according to a list published by the Gadberry Group.
The Gadberry Group is a Little-Rock company that ranks high-growth cities throughout the country. The list, called the “8 for 2008”, listed Lowell at the #1 spot, Bella Vista at #4, and Bentonville at #6 in the report.
Recently, Lowell has focused on infrastructure rather than growth and many are predicting that Lowell will have a population increase in the near future. According to the report, since 2000, Lowell has had a 40% increase in population since 2000 and a 51% increase in 2008 alone. Additionally, the report states that the average household net worth is $415,000. The sample area includes areas near Beaver Lake as well as areas north of Highway 12 that include high-end housing and an affluent population. The company uses its own boundaries that are always changing. It has been hired by retailers to determine areas of possible growth, create data and to watch changing areas.
Needless to say, many have questioned the source and its high numbers. Larry Martin, the man responsible for The Gadberry Group’s ratings, has stated that “the geography was more inclusive than just the Lowell city limits…it includes areas that the census defines as part of the Lowell ‘Place’”.
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