Several major transportation projects like a new light rail system have helped lure new businesses and residents to the area as well.

FORBES: America's Fastest Growing Cities

"Passenger rail service, especially services at higher and high speeds, will require new safety rules, constant public capital investment and operating subsidies, and balance with freight rail service and the rest of the national transportation system -- and currently only some of these elements are in place, " according to a GAO report.

CNN: Is the U.S. turning a corner on high-speed rail?

The new system is suitable for numerous industry sectors including highway transportation, marine, rail and remote industries such as mining and distributed power generation.

WSJ: GE Unveils LNG In A Box(TM) System; Gasfin Selects New Technology for Fueling Stations in Europe