California loses economic ground to Utah
Housing costs key factor Goodbye, Silicon Valley. Hello, Silicon Slopes. The tech hubs of San Francisco and San Jose fell precipitously in this year’s ranking of U.S. cities’ economic performance released Wednesday morning by the Milken Institute, a nonpartisan think tank that’s published the index every year since 1999. San Francisco and San Jose, which ranked Nos. 1 and 5 last year, respectively, fell to Nos. 24 and 22. Meanwhile, the Provo-Orem region in Utah captured the No. 1 spot, and Salt Lake City rose to No. 4. Utah, the report notes, “has been a recipient of the tech sector...
Source: calmatters.org