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.
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Published 17 February 2021
“ A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic. Our organisation faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today.”
– Newly-appointed Director-General of World Trade Orgnisation, Dr. Ngozi Okonjo-Iweala of Nigeria, on Monday, Feb. 15, 2021
Dr. Ngozi Okonjo-Iweala’s meritorious appointment on February 15, 2021 as the first female, first African Director-General of the 26-year-old Geneva-based World Trade Organisation is commendable and noteworthy. The WTO General Council agreed by consensus on Monday to select the two-term former Minister of Finance of Nigeria as the organisation’s seventh DG with effect from March 1, 2021. Her term, renewable, will expire on August 31, 2025.
The Milken Institution is out with its annual Best-Performing Cities Index, and as with most things this year, the COVID-19 pandemic had a hand at shaping the list. This year’s list takes into consideration jobs, wages, high-tech growth, housing affordability, and household broadband access. “The pandemic has had an outsized impact on cities where the economic effects of the current recession are exacerbated by high housing costs,” said Kevin.
Los Angeles drops in best cities ranking due to high housing costs, low job growth
Published article
LOS ANGELES - Based on high housing costs and a decline in job growth, California cities like Los Angeles, San Francisco and San Jose have proven less resilient during the pandemic, according to a ranking of economic vitality by the Santa Monica-based Milken Institute released Wednesday.
San Francisco and San Jose fell steeply from the top and fifth place of last year s rankings for large cities to land at 24th and 22nd. Los Angeles ranked 93rd, placing it in the third tier of large cities, down 40 rungs from its 2020 ranking. San Diego placed 49th, earning a spot among Tier 2 cities.