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
- Photos: Deseret Book winter display yields...
- Utah business leaders say Congress must solve...
- Why 'Shark Tank' investor Barbara Corcoran...
- Obama immigration plan good, not great for...
- A GDP showdown: How do state GDP numbers line...
- Are Millennials savers? Conflicting studies...
- The unstoppable powerhouse of Disney's Frozen
- What's next for dead malls?
- Utah business leaders say Congress must... 47
- Robots will replace 50% of today's... 13
- White House: Immigration steps would... 7
- Imbibing in Utah grows with population,... 7
- What's next for dead malls? 5
- Looming chocolate drought may leave... 5
- Ford's new F-150 to get 26 mpg, tops... 4
- Minivans do poorly in new crash tests 2