The Austin-Round Rock-San Marcos metropolitan area was ranked the Best Performing Large City in the U.S. by the Milken Institute, a nonprofit, nonpartisan think tank. As stated by the Institute:
The Best-Performing Cities index was designed to measure objectively which U.S. metropolitan areas are promoting economic vitality based on job creation and retention, the quality of new jobs, and other criteria.
Austin, TX:
This year’s Best-Performing City, Austin, is a case study in concocting the proper recipe for economic vitality. A rising technology center, it is creating high-quality jobs that improve the region’s overall wage structure. Economic development officials rightly tout its business-friendly, low-tax, low-regulation climate when recruiting outside the state, particularly when soliciting California firms. They also herald the business startups of local entrepreneurs, the spinouts from the University of Texas, Austin, and the number and quality of UT graduates.
Other Texas Cities:
The Lone Star State, which has both technology and energy assets, claimed three of the Top 10 and seven of the Top 25 large cities.
Would you like to see where your city ranked? Visit www.best-cities.org/.
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