Metro Phoenix drops in Milken Institute’s “Best Performing Cities Index”

The Milken Institute/Greenstreet Real Estate Partners Best Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.  The components include job, wage and salary, and technology growth.  The ranking depicts those U.S. metropolitan areas that are recording the top economic performance.  

Powered by a cluster of high-tech employers, Provo, Utah, has seized the number-one spot in the latest edition of the Best-Performing Cities index.  It is joined at the top of the 2008 rankings by other growing metro areas in Utah, Texas, Washington, Alabama, and the Carolinas.  The Phoenix/Scottsdale/Mesa MSA dropped from #4 in 2007 to #32 in 2008.

The full report can be downloaded here.  For metro Phoenix specific data, click here.

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