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Top Metro Performers in New Economy Ranked
San Jose, Austin, and San Francisco received top honors in the 3rd Annual Forbes-Milken Institute Best Places Ranking. San Jose and San Francisco raced to the top of the list from 29th and 42th place respectively in 1999. Completing the top ten metro areas in 2000 are: Boulder, CO; Dallas, TX; Santa Rosa, CA; Boise City, ID; San Diego, CA; Phoenix-Mesa, AZ; and Oakland, CA. The top metro area east of the Mississippi River, Raleigh-Durham-Chapel Hill, NC, came in 13th.
The Forbes-Milken Institute project ranked the top 200 large metro areas based on a weighted scoring of the eight data categories listed below.
- Relative Wage & Salary Growth Indexed to1994 (1999 Value)
- Relative Wage & Salary Growth Indexed to 1998 (1999 Value)
- Relative Job Growth Indexed to 1995 (2000 Value)
- Relative Job Growth Indexed to 1999 (2000 Value)
- High-Tech Location Quotient (2000 Value)
- Relative High-Tech Real Output Growth Indexed to 1995 (2000 Value)
- Relative High-Tech Real Output Growth Indexed to 1999 (2000 Value)
- Number of High-Tech Real Output Location Quotients Over 1 (2000)
This year, the project also reported separate rankings for 94 smaller metro areas. Greeley CO, Medford-Ashland, OR, and Rochester, MN, received the highest scores using the same criteria.
The entire lists of 200 large metro areas and 94 smaller areas, and links to additional information are available at: http://www.milkeninstitute.org/