Idaho Falls named best performing small city in America
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The following is a news release from the Milken Institute.
LOS ANGELES – Provo-Orem, Utah has demonstrated the best economic performance among large cities according to the 2021 Milken Institute Best-Performing Cities Index. Idaho Falls, Idaho moves up six spots to top the list among small cities. The index, published annually since 1999, offers a first look at how the pandemic has impacted regional economies across the country.
Provo-Orem, which ranked second in 2020, has been a recipient of the tech sector’s out-migration from the more expensive coastal cities of California. A relatively new innovation center with significantly lower costs than Silicon Valley or Silicon Beach, Provo-Orem has attracted tech giants including Qualtrics, Vivint, and SmartCitizen, among others.
Researchers at economic think tank Milken Institute ranked three Utah metro areas in the top-10 best performing economies in the country. Provo earned the No. 1 spot with Salt Lake jumping 21 places over last year to No. 4 and Ogden-Clearfield snagging the No. 9 slot. Utah, researchers said, was finding just the right combination of robust tech sector growth and an affordable cost of living.
Credit: Milken Institute
Los Angeles - Feb. 17, 2021 - Provo-Orem, Utah has demonstrated the best economic performance among large cities according to the 2021 Milken Institute Best-Performing Cities Index. Idaho Falls, Idaho moves up six spots to top the list among small cities. The Index, published annually since 1999, offers a first look at how the pandemic has impacted regional economies across the country.
Provo-Orem, which ranked second in 2020, has been a recipient of the tech sector s out-migration from the more expensive coastal cities of California. A relatively new innovation center with significantly lower costs than Silicon Valley or Silicon Beach, Provo-Orem has attracted tech giants including Qualtrics, Vivint, and SmartCitizen, among others.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Provo-Orem, Utah Tops Milken Institute’s 2021 Ranking of Best-Performing Cities
February 17, 2021 GMT
LOS ANGELES (BUSINESS WIRE) Feb 17, 2021
Provo-Orem, Utah has demonstrated the best economic performance among large cities according to the 2021 Milken Institute Best-Performing Cities Index. Idaho Falls, Idaho moves up six spots to top the list among small cities. The Index, published annually since 1999, offers a first look at how the pandemic has impacted regional economies across the country.
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Provo-Orem, which ranked second in 2020, has been a recipient of the tech sector’s out-migration from the more expensive coastal cities of California. A relatively new innovation center with significantly lower costs than Silicon Valley or Silicon Beach, Provo-Orem has attracted tech giants including Qualtrics, Vivint, and SmartCitizen, among others.