Yesterday, Milken Institute/Greenstree
Real Estate Partners released its ranking of Best Performing Cities Index. Austin jumped from number 4 to the number 1 position and is the only city to have achieved the number 1 ranking twice – the last time being in 2000!
The study ranked U.S. metro areas based on their ability to create and sustain jobs, measuring employment, salary growth and technology output. An explanation is listed below for how Austin obtained an overall first place ranking. The favorable Texas business enviornment also helped Austin and other Texas cities along with a pattern of low taxes. The recent $500 million research funding for Tier One Universities was also cited.
Check out the full report here!
http://bestcities.milkeninstitute.org/bestcities2009.taf?rankyear=2009&type=rank200
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