For Immediate Release
December 14, 2016
For Immediate Release
LOS ANGELESThe Milken Institute's annual Best-Performing Cities index for 2016 shows that tech is still tops, as cities that excel in innovation drive the nation's economic dynamism. With an ecosystem for entrepreneurship, San Jose, CA, claimed the top spot again.
"America's best-performing cities yet again demonstrated their innovation advantage aligned with high levels of entrepreneurship," says Ross DeVol, chief research officer of the Milken Institute and one of the report's authors. "That is witnessed not just in 'traditional' technology but in medical and financial services."
The Best-Performing Cities index, compiled since 1999, uses a comprehensive, fact-based set of criteria to rank 200 large and 201 small metros across the United States. As an outcomes-based index, growth in employment, wages and technology output are heavily weighted; metrics such as cost-of-living and quality-of-life conditions, often highly subjective, are not included.
Highlights from the report "2016 Best-Performing Cities: Where America's Jobs Are Created and Sustained" include:
"While technology still powers the top performers, we also see the return of real estate, tourism and auto-manufacturing related jobs on our 2016 index," says DeVol. "Top-performing metros have cohesive strategies that allow them to distinguish themselves from others. They offer important lessons for other cities."
|Metropolitan statistical area (MSA) /metropolitan division (MD)||2016 rank||2015 rank||Change|
|San Jose-Sunnyvale-Santa Clara, CA (MSA)||1||1||0|
|Provo-Orem, UT (MSA)||2||2||+1|
|Austin-Round Rock, TX (MSA)||2||4||+2|
|San Francisco-Redwood City-South San Francisco, CA (MD)||4||2||-2|
|Dallas-Plano-Irving, TX (MD)||5||5||0|
|Raleigh, NC (MSA)||6||6||0|
|Nashville-Davidson-Murfreesboro-Franklin, TN (MSA)||7||18||+11|
|Fort Collins, CO (MSA)||8||14||+6|
|Orlando-Kissimmee-Sanford, FL (MSA)||9||28||+19|
|Seattle-Bellevue-Everett, WA (MD)||10||7||-3|
"2016 Best-Performing Cities: Where America's Jobs Are Created and Sustained," by Ross DeVol, Joe Lee, and Minoli Ratnatunga is available for download at http://best-cities.org. Data for all metros is available on the interactive Best-Performing Cities website. Join the Twitter conversation at #bpcfor2016.
Senior Associate, Digital Communications
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