The Milken Institute is out with its annual report ranking the economic performance of more than 400 metropolitan areas. Here’s what it takes to be a booming city.
A new report ranking the economic performance of hundreds of cities found that booming high-tech sectors are driving gross domestic product growth in large and small cities alike, but that growth comes at the cost of affordable housing.
On Wednesday, the Milken Institute, an economic think tank, released its 2023 Best Performing Cities Index. Published annually since 1999, the report aims to measure cities’ economic performance based on metrics such as labor market conditions, tech industry growth, and access to housing and broadband. This year’s index primarily uses data from 2021, representing the first full year of recovery after the onset of the pandemic.
ROUTE FIFTY
by MOLLY BOLAN
MAY 18, 2023