Naples Metro Area Among 'Best Performing' in U.S.
New Home Under Construction by Nova Homes of South Florida
NAPLES METRO AREA AMONG ‘BEST-PERFORMING’ IN U.S.
The Naples-Immokalee-Marco Island, FL metro area finished No. 18 among the county’s Best-Performing Cities Ranking (Large Cities/Metropolitan Areas), ranked by the Milken Institute. The index, which has has been published annually since 1999, uses fact-based metrics in nine categories to evaluate the relative growth of metropolitan areas. Metrics include growth in jobs, wages and salaries, and technology output over time. The index also measures high-tech fields whose concentrations in a metropolitan area are higher than the national average. The full report, including tables with all 401 large and small regions evaluated, is available online at www.milkeninstitute.org.
Metropolitan areas are crucial drivers of growth in the American economy, taking different paths to prosperity depending on their industry mix, policy choices, and available resources. But while some parts of the country are thriving, others are falling behind.
The Milken Institute's Best-Performing Cities (BPC) index provides an objective benchmark for examining the underlying factors and identifying unique characteristics of economic growth in metropolitan areas.
Our index uses a fact-based set of metrics such as job creation, wage gains, and technology developments to evaluate the relative growth of metropolitan areas. While national and international political and economic forces can affect near-term performance and can lie beyond a region's control, the top-performing metros have cohesive strategies that allow them to leverage their assets more effectively. They offer important lessons that may be helpful to peer regions.
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