Austin Ranked #2 in Cities w/ New & Sustained Job Growth

Best-Performing Cities 2012 
 - Where America's Jobs are Created & SustainedRoss DeVol, Armen Bedroussian, and Yu (Lydia) Liu
January 17, 2013
http://bestcities.milkeninstitute.org/

"The Milken Institute's annual index of Best-Performing Cities indicates that tech is back, especially in the world's best-known hub of innovation. The United States' best-performing metro area is San Jose, the capital of Silicon Valley. Other cities with strong exposure to technological innovation scored high in the new ranking: Austin, Texas (No. 2, up from fourth place); Raleigh, N.C. (No. 3, up from No. 14); the Washington, D.C., metro (No. 5 from No. 17); and Cambridge, Mass. (No. 8 from No. 12).

San Jose-Sunnyvale-Santa Clara, Calif., vaulted 50 spots from last year to No. 1, a position it last held on the index in 2001. San Jose's recovery has spread through the region's economy: For each job added in the tech sector, five jobs are created in other industries. For example, Apple has an estimated 34,000 employees in the metro area but is responsible for another 170,000 jobs in the region."

LARGE METRO CITIES:

1) San Jose-Sunnyvale-Santa Clara, CA (2011 ranking: 51)
2) Austin-Round Rock-San Marcos, TX 2 (2011 ranking: 4)
3) Raleigh-Cary, NC 3 (2011 ranking: 14)
4) Houston-Sugar Land-Baytown, TX 4 (2011 ranking: 16)
5) Washington-Arlington-Alexandria, DC-VA-MD-WV 5 (2011 ranking: 17)
6) Salt Lake City, UT 6 (2011 ranking: 6)
7) Provo-Orem, UT 7 (2011 ranking: 9)
8) Cambridge-Newton-Framingham, MA 8 (2011 ranking: 12)
9) Charleston-North Charleston-Summerville, SC 9 (2011 ranking: 11)
10) Fort Worth-Arlington, TX 10 (2011 ranking: 24)

"Unlike other "best places" rankings, it does not use quality-of-life metrics, such as commute times or housing costs. In the Institute's index, employment growth is weighted most heavily due to its critical importance to community vitality. Wage and salary growth measures the quality of jobs created and sustained."



Download the full report to see the best small and medium cites.
http://www.VioletCrownRealEstate.com/news/Best-Performing-Cities-Report-2012.pdf