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Idaho Falls named best performing small city in America
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The following is a news release from the Milken Institute.
LOS ANGELES – Provo-Orem, Utah has demonstrated the best economic performance among large cities according to the 2021 Milken Institute Best-Performing Cities Index. Idaho Falls, Idaho moves up six spots to top the list among small cities. The index, published annually since 1999, offers a first look at how the pandemic has impacted regional economies across the country.
Provo-Orem, which ranked second in 2020, has been a recipient of the tech sector’s out-migration from the more expensive coastal cities of California. A relatively new innovation center with significantly lower costs than Silicon Valley or Silicon Beach, Provo-Orem has attracted tech giants including Qualtrics, Vivint, and SmartCitizen, among others.
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A view of downtown Colorado Springs in front of Pikes Peak in the winter. Colorado Springs jumped 19 spots to 17th in the Milken Institute’s annual best-performing cities list but still ended up behind Denver, Fort Collins and its U.S. Space Command rival Huntsville, Ala.
the gazette File
Jamie Rogers, captaincoloradophotography
Researchers at economic think tank Milken Institute ranked three Utah metro areas in the top-10 best performing economies in the country. Provo earned the No. 1 spot with Salt Lake jumping 21 places over last year to No. 4 and Ogden-Clearfield snagging the No. 9 slot. Utah, researchers said, was finding just the right combination of robust tech sector growth and an affordable cost of living.