Which Oregon town landed on the list of top performing small cities?


Study ranks the small towns in America that maximize economic performance.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

Bend has the eighth-best performing economy for a small town in America, according to a study released by a nonprofit think tank.

The report, titled the 2015 Best-Performing Cities, takes into account job and wage growth as well as economic development, among other factors.

Minoli Ratnatunga, an economist for the Milken Institute and one of the authors of the survey, said the top 200 metropolitan areas were considered large cities, while the remaining 201 were designated as small.

The Bend-Redmond metropolitan statistical area, which comprises all of Deschutes County, rose 38 spots since the 2014 index, thanks in part to the strength of the area’s job growth over the last couple years. The Bend-Redmond MSA ranked third among the 201 small metropolitan areas in short-term job growth, which looked at the percentage of growth or decline from August 2014 through August 2015. Similarly, Bend-Redmond also ranked third in one-year job growth, which measures growth relative to the national average.

(READ MORE: Bend Bulletin)

Find the study in its entirety here.

The Portland area finished eighth in the large-city rankings, one spot behind Seattle. Bay Area metro areas took the top two spots with the Silicon Valley taking top honors.

Here’s what the study said about Portland:

Portland-Vancouver-Hillsboro, Oregon-Washington, climbed eight spots to eighth place this year. Solid job and wage growth supported the metro’s exceptional performance in the index’s high-tech measures. It came in fifth for the concentration of its high-tech sectors, which continue to expand faster than the national average, though the gap has closed in recent years.

(READ MORE: Milken Institute)

How other Oregon cities fared:

  • Medford (28th, small)
  • Grants Pass (56th, small)
  • Eugene (106th, large)
  • Corvallis (86th, small)
  • Albany (115th, small)
  • Salem (72nd, large)

 


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