Metropolitan Rochester ranks 54th among the nation’s 200 largest regions in terms of creating and sustaining jobs and economic growth, the Milken Institute reported.
The Best-Performing Cities 2012 list ranks the country’s top metropolitan areas for their job, wage and salary, and technology growth. The Rochester region moved up the list from 71st in 2011.
Rochester ranked 50th in five-year job growth, from 2006 to 2011, while it placed 80th for one-year job growth, from 2010 to 2011. In terms of wages and salaries growth, Rochester ranked 128th among the top 200 metro areas.
The San Jose-Sunnyvale-Santa Clara region in California ranked first among the top metro areas, vaulting 50 spots from its 2011 ranking. The Milken Institute cited the area’s latest technology wave, powered by social media, mobile devices, clean technology and “big data” analytics, for the region’s growth.
The biggest gainer was the Holland-Grand Haven area in Michigan, which climbed 108 spots from 148th in 2011 to 40th in 2012.
The Lakeland-Winter Haven, Fla., area ranked 200th among the nation’s large metro areas, falling 14 spots from 2011. The steepest decline was in the ranking of Little Rock-North Little Rock-Conway, Ark., which ranked 19th in 2011 but fell to 151st in 2012.
The Buffalo area ranked 75th on the most recent list, falling slightly from 72nd in 2011. The region ranked 48th on the five-year job growth list and 105th on the one-year job growth list. In terms of five-year wages and salaries growth, Buffalo ranked 103rd.
The Syracuse region ranked 87th on the best-performing cities list, climbing from 92nd in 2011. Syracuse ranked 78th on the five-year job growth list and 142nd on the one-year job growth list. The area ranked 108th on the five-year wages and salaries growth list.
The Albany area ranked 69th on the list, improving from 106th in 2011. The region ranked 81st for five-year job growth and 173rd for one-year job growth. Albany ranked 69th in five-year wages and salaries growth.
The Milken Institute is a non-profit, non-partisan economic think tank that works to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health.
(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email email@example.com.