Valley cities ranked amongest best performing for 2012
BROWNSVILLE, TEXAS (KVEO NEWSCENTER 23) — The Milken Institute ranked Brownsville-Harlingen as one of the top 30 best performing large metropolitan areas in the U.S.
The 2012 Milken Institute Best-Performing Cities Index, released on January 17, 2013, ranked the Brownsville-Harlingen MSA 29th, beating out other Texas MSA’s like McAllen-Edinburg-Mission (38), Corpus Christi (44), Killeen-Temple-Fort Hood (63) and Beaumont-Port Arthur (116).
“This ranking only shows the progress this region has made and continues to make today,” said BEDC President & CEO Jason Hilts. “If we continue this upward trend, more companies and more countries will look our way to do business,” Hilts said.
According to the institute’s website, the index ranks U.S. metropolitan areas by performance on economic growth, job creation, retention and sustainability. The components include job, wage, salary, and technology growth.
The best-performing metro area is San Jose, California, the capital of Silicon Valley, due to their technology industry.
The report ranked Brownsville-Harlingen first in the “5-year Relative High-Tech GDP Growth” with a score of 152.70.
In the category of “5-year Wages and Salaries Growth”, Brownsville-Harlingen ranked 10th with a score of 112.88. In the category of “5-year Job Growth”, the area ranked 7th with a score of 110.29.