Friday, September 12, 2008

Tacoma: Best Performer in WA

Tacoma has received an exceptional ranking, along with similar high scores by Olympia and Seattle, in the recent Best-Performing Cities 2008.

Conducted by the Milken Institute and Greenstreet Real Estate Partners, Tacoma ranked 8th nationally (Olympia 9th, Seattle 17th). So why?

The Puget Sound Business Journal cited Tacoma's highest score in the category of growth in its high-tech sector. The report specifically states:

Data processing, hosting, and related services enjoyed average annual job growth of 17.2 percent over the past five years.

Olympia's growth has placed it up into the larger metros whereas in previous years it had been a stellar performer among smaller cities. The report cites Olympia for its Information Services as the fastest growing job sector, at 38% over five years (probably related to growth in state government) and Seattle was noted for adding 6,200 jobs in R&D services. For those who want to know, Spokane came in at a most respectable 35.

The study brags that its rankings are based on outcomes (i.e., jobs) rather than cost-based criteria (i.e., cost-of-living).

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