  Bindetroit Member Username: Bindetroit Post Number: 1249 Registered: 10-2003 Posted From: 69.215.79.21 |
The Milken Institute Best Performing Cities Index ranks 379 U.S. metropolitan areas based on their economic performance and their ability to create, as well as keep, the greatest number of jobs in the nation. The top positions in the 2005 index are dominated by Florida metros, which hold not only the index’s top three slots, but five of its top six and 12 of its top 30. Palm Bay-Melbourne-Titusville is No. 1, followed by last year’s top scorer, Cape Coral-Fort Myers in second and Naples-Marco Island in third place. The 2005 winners have similar characteristics: strong and growing service sectors, a robust recovery in tourism, growing populations and an increase in the number of retirees. As evidence, six metros in the top 20 come from the Southwest, including three in California (Riverside, Santa Barbara and Santa Ana) and two in Arizona (Tucson and Phoenix). The other is Las Vegas. By comparison, the Midwest has none. The top-rated Midwest metro is Madison, Wis., at 35th. Nine of the bottom 10 spots on the index were from the Midwest – five from Michigan and four from Ohio – reflecting the region’s troubled manufacturing sector. Flint, Mich., is at the bottom at No. 200. The index enables businesses, industry associations, economic development agencies, investors, academics, governments and public policy groups, to assess and monitor recent metro performance. The Best Performing Cities index is outcomes-based. Its components measure job, wage and salary, and technology growth. You can read the list at: http://bestcities.milkeninstit ute.org So where's Detroit? Click on the list and then be prepared to scroll down. Way down. 192nd. Out of 200. That's down 6 more places than in 2004. | ||
Lurker Member Username: Lurker Post Number: 1605 Registered: 10-2003 Posted From: 65.196.220.198 |
#1 in the state! Take that, North of 8 Mile! | ||
Focusonthed Member Username: Focusonthed Post Number: 31 Registered: 02-2006 Posted From: 209.220.229.254 |
Reading thoroughly owns you ;) Holland-Grand Haven is 177 Kalamazoo-Portage is 169 Ann Arbor is 156 | ||
Rustic Member Username: Rustic Post Number: 2162 Registered: 10-2003 Posted From: 128.36.14.94 |
All but one of the top 20 is booming either because of (1) a healthy dose of retiree relocation/vacation economy which represents burning previously earned money (not creating wealth but spending it) or (2) exurban growth near a worse ranking larger nearby metropolis (implying not net growth merely relocated stuff). (The exception: Washington DC which as a region is a revenue sink not a source, whee!) Note: Detroit's big city company -- what Detroit's got might be catching ... Detroit 192 (suburban Detroit areas ranging from 150s-190s) San Jose 185 (yup silicon Valley and I believe that survey still includes a couple of years pre tech boom peak, so expect it to perform worse in the next couple of years) Chicago 183 (hey I thought they have good public transportaton and attract all of the bright young go getters from the upper midwest? whats up with that?) San franscisco 173 (again includes a couple of years pre dotcom boom peak expect worse performance) New York 161 (I think this includes a couple of years pre 9/11 and pre sock market crash so expect worse performance) Boston 157 Hou, SEA (UPS, MSFT WTF?), PHI, LA all in the 120s Meanwhile anyone wanna compare the economic growth of ... oh I dunno ... China's Guangzhou (population 7+ million) to the economic dynamo of Central Florida? Oh nevermind our Secretary of state sez that Iran not China is currently the US's greatest challenge, whew all that worry fer nuthin. ... anyone wanna go to disneyland? can't afford it? Don't worry, ya can take out an interest only home equity loan and help the US economy grow grow grow. | ||
Lurker Member Username: Lurker Post Number: 1606 Registered: 10-2003 Posted From: 65.196.220.198 |
#1 East of Ann Arbor! Take that, North of 8 Mile! | ||
Lghart Member Username: Lghart Post Number: 99 Registered: 03-2004 Posted From: 72.229.114.161 |
Rustic, You hit it right on, I would not bet on the USA's future when our boomtowns are places like Orlando and Las Vegas, what happens when there is a real crisis in this country...being cynical that within ten years we're headed for a second great depression giftwrapped by GW Bush. | ||
True_blue Member Username: True_blue Post Number: 39 Registered: 12-2003 Posted From: 205.188.116.137 |
Good post Rustic. Very alert analysis. The Milken Institute's economic criteria is certainly not balanced. As a region, we continue to be victims of biased reporting and hidden agendas. |
