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Daily Real Estate News  |  September 12, 2008  |   Tech Centers Top List of Best-Performing Cities
Cities with vibrant technology centers have claimed the top spots in the Milken Institute/Greenstreet Real Estate Partners 2008 Best-Performing Cities Index.

"This year's rankings demonstrate that entrepreneurs continue to be the economic engine of choice for job growth, even in the face of national and global economic challenges," says Ross DeVol, author of the report and director of Regional Economics at the Milken Institute. "We've seen energy, housing and even catastrophic events such as Hurricane Katrina impact a specific year, but consistently, those metros dedicated to growing their technology base and human capital beat the short-term shifts in the economy."

The index ranks U.S. metros based on their ability to create and sustain jobs. It includes both long-term (five years) and short-term (one year) measurements of employment and salary growth. There are also four measurements of technology output growth, which are included because of technology's crucial role in regional economic growth.

The 2008 top 10 performers among the 200 largest metros:
  1. Provo-Orem, Utah
  2. Raleigh-Cary, N.C.
  3. Salt Lake City, Utah
  4. Austin-Round Rock, Texas
  5. Huntsville, Ala.
  6. Wilmington, N.C.
  7. McAllen-Edinburg-Mission, Texas
  8. Tacoma, Wash.
  9. Olympia, Wash.
  10. Charleston-North Charleston, S.C.

Source: Milken Institute (09/10/08)

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