Milken Institute’s Best Performing Cities Index is out. According to the Milken Institute site, the index ranks cities based on their ability to create and sustain jobs and that criteria puts 12 cities in Florida into the top 30 metropolitan areas. Besides job growth, Milken used four other measurements of technology output growth including the "concentration of the technology industry in a particular metro relative to the industry average across the nation. It also measured the number of specific high-tech sectors (out of a potential of 25) whose concentration in a metro was higher than that in the nation as a whole."
As you might guess, the Washington, D.C., metro area placed pretty high on the list. It is ranked seventh (and first on the largest cities list), up from 11th place in 2004. From the report:
The presence of the federal government helps stabilize the regional economy during national downturns and is a long-term source of expansion. It is also a major customer for many local private firms. One of the government’s largest procurement areas is in information and communications technology services. A recent study by the Center for Regional Analysis at George Mason University found that nearly 72 percent of federal procurement spending in the region occurred in technology-related services, and that research and development procurement spending had grown by double-digit amounts over the past several years. High-tech activity in the area is nearly 70 percent greater than that for the nation overall. Excluding the government, computer systems design and related services constitute the largest employment sector in the metro area.
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