To the casual observer, the narratives of economic growth in American cities seem fairly obvious: the Sunbelt is adding people, the Rustbelt is failing, and big cities like New York, Chicago, Boston and D.C. are coming back. But the reality is far more complicated once you start adding real-world statistics into the picture. Each year, the Milken Institute’s “Best Performing Cities” index injects some much-needed clarity into the debates surrounding metro growth and decline. Milken’s Best Cities is heavily weighted toward the performance of high-tech metros. San Francisco and Silicon Valley’s San Jose take the third and fourth spot. First place Austin is, of course, a substantial tech center in its own right. The report tellingly calls Austin a “case study in concocting the proper recipe for economic vitality.” Several other tech hubs rank high on the list, including Provo, Salt Lake City, Seattle, Dallas, and Boulder. [Read this article]
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