Boulder County was among four of Colorado’s metropolitan statistical areas (MSA) that ranked among the top 20 on the Milken Institute’s annual Best Performing Cities Index for 2014.
Milken ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. In most years, these give a good indication of the underlying structural performance of regional economics.
The Denver-Aurora-Broomfield MSA was ranked highest at No. 12, followed by the Boulder MSA (Boulder County) at No. 13 and Greeley MSA (Weld County) at No. 14. The Fort Collins-Loveland MSA (Larimer County) was ranked No. 17.
Both Boulder and Weld’s overall rankings were four spots below their rankings in 2013, while Larimer climbed three spots.
Of Boulder MSA’s ranking, the report says, “The metro's relative high-tech concentration ranks third in the country, slipping one spot since 2013. Despite middling short-term high-tech GDP growth, Boulder is home to the most diverse high-tech sector in the nation.”
Milken says the Denver-Aurora-Broomfield MSA “showed strong one-year employment and wage growth, and has established a large and diverse high-tech sector. However, growth in the sector lagged national performance by more than 2 percent over the past five years.”
Weld has seen impressive job growth that resulted in it ranking second in both the one- and five-year measures, and continued into 2014, when it ranked third in the nation for short-term employment growth, according to the report.
And Larimer regained ground in the rankings, with improvements in the one- and five-year measures of job growth, the report says.
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