With inflation easing and the US economy experiencing continued growth, the turbulence triggered by the COVID-19 pandemic is now largely behind us. In this post-pandemic landscape, metropolitan areas remain the hubs of economic activity. In 2023, US metros collectively grew by 2.6 percent in real GDP, contributing to 91.1 percent of the nation’s overall economic growth. Recognizing their critical role, the Best-Performing Cities (BPC) index evaluates the relative economic performance of 403 metropolitan areas, providing valuable insights into the strengths and vulnerabilities of these economic powerhouses.
The BPC index utilizes 13 key metrics, combining labor market conditions, high-tech industry growth, and access to economic opportunities. This comprehensive approach captures emerging trends and significant shifts in the US economy, offering a detailed benchmark for metro performance.
Our report and interactive online tool break down the components of the BPC index, delivering actionable insights into the factors driving short- and medium-term economic performance in US metropolitan areas. Policymakers, government officials, and business leaders can leverage this analysis to craft targeted strategies for fostering sustainable growth in the metros that drive America’s economy.
Maggie Switek, PhD, is a senior director on the research team at the Milken Institute. She heads all projects related to economic growth and opportunities across regions and communities in the US and abroad.
Brock Smith, PhD, is an associate director on the research team at the Milken Institute. His research has focused on environmental economics and natural resource economics, particularly the economic and social effects of natural resource booms.
Abigail Humphreys, PhD, is a senior associate of the Milken Institute’s Research team where she applies her expertise to projects associated with regional economic opportunity and well-being.
China is on track to surpass the United States as the world’s largest economy by the year 2030. While the government has at times adjusted the pace of its ascent, the country has nevertheless established itself as an economic power...
The Milken Institute’s Best-Performing Cities U.S. index provides a way to measure which American metropolitan areas offer the greatest opportunities for prosperity and innovation across the nation. The BPC index measures each metro area’s...
Este informe analiza la importancia de incorporar a las mujeres altamente cualificadas en la fuerza laboral de las principales potencias de América Latina (Brasil, México, Argentina, Chile y Colombia).
LOS ANGELES – April 11, 2017 – The Milken Institute today announced the appointment of William Lee as Executive Director and Chief Economist, based in Santa Monica, CA. In this role, Lee will be responsible for analyzing U.S. and global...
The Milken Institute has published various reports evaluating urban performance. In addition to its flagship Best-Performing Cities series for both the US and China, the Institute has published two Regional Performance over Time papers to...
As the world's second-largest economy after the US, China has attracted numerous businesses to vie for its sizable and fast-expanding markets. In recent years, these businesses have extended their footprints beyond the major Chinese cities...
Submitted electronically To: The Honorable Shalanda Young, Acting Director, Office of Management and Budget From: Richard Ditizio, President and Chief Operating Officer, Milken Institute About the Milken Institute: For the past three...
Richard Ditizio is the CEO of the Milken Institute, responsible for all pillars and departments across the organization's global footprint. Under his leadership, the Institute expanded its staff and programmatic work to Asia, Europe, the Middle East, and Latin America.
In the aftermath of the 2007-2008 financial crisis, new legislation and regulations have pressured banks and insurance companies to reduce their size, leverage, and riskier lines of business in order to avoid another too-big-to-fail debacle...
A principios del 2023, las importaciones de bienes mexicanos por parte de Estados Unidos superaron a las de China, convirtiendo a México en el principal exportador de bienes a EUA por primera vez en la historia comercial moderna. México ha...
The Milken Institute, with support from The Rockefeller Foundation and JP Morgan Chase & Co., is excited to release its latest contribution to the national conversation on how to improve underserved communities. This research, Empowering...
Even before the onset of the COVID-19 pandemic, the United States was confronted with a number of significant policy concerns. Today, working together to solve those challenges is more imperative than ever. The Milken Institute is committed...
Chad Clinton is the director of media relations for the Milken Institute. Hired to this role in August 2021, Clinton develops and executes strategies to amplify the Institute’s core messages by generating coverage of its pillar workstreams, experts, and events.