SALT LAKE CITY — A recent report from the Milken Institute ranked the Provo-Orem area as No. 2 and Salt Lake City as No. 5 on its list of the Top 25 Best-Performing Large Cities for business.
Rankings for the study were based on data from both long- and short-term growth in jobs, wages, salaries and technology output. Provo-Orem moved up five spots from last year’s ranking, due in part to the growing technology sector and high job growth rate, according to the report.
Salt Lake City ranked No. 5 on the Milken list due to a diverse, consistently growing economy with a positive outlook for the future, the report stated. During 2012, Utah's capital city added 2,600 professional, scientific and technical services jobs — a gain of more than 7 percent from the previous year.
According to the Governor's Office of Economic Development, the Milken Institute rankings mirrored a study by researchers at Harvard University and the University of California at Berkeley.
The study, "The Equality of Opportunity Project," mapped the 10 best and worst cities for economic mobility in the United States. The report ranked Salt Lake City as the top city for economic mobility.
— Jasen Lee
- Working on Thanksgiving Day? Here's why most...
- 4 reasons why you shouldn't shop on Black Friday
- Immigration reform will boost the economy,...
- Our complete guide to Black Friday, Cyber...
- Facing health law hikes, consumers mull options
- Thanksgiving trumps Black Friday for deals
- Review: 4 shopping apps that will save you money
- Dave Ramsey says: Saving for education trumps...
- Obama immigration plan good, not great... 13
- Working on Thanksgiving Day? Here's why... 12
- White House: Immigration steps would... 7
- Ford's new F-150 to get 26 mpg, tops... 4
- Thanksgiving trumps Black Friday for deals 4
- Facing health law hikes, consumers mull... 4
- Immigration reform will boost the... 4
- The best time of year to buy (Hint:... 1