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Eagle Ford: Milken Institute names best-performing Texas cities
The Milken Institute has named Austin the best-performing city in its annual ranking of metropolitan areas, and recognized Dallas and Houston in the top 10. Seven of the report’s top 25 best-performing cities in 2013 are in Texas.
“The Lone Star State continues to set a national example for job creation thanks to our model of low taxes, smart regulations, and fair courts,” Gov. Perry said. “Combined with a highly skilled work force prepared to take on new challenges in a diverse array of industries, these principles continue to make Texas the best state in the nation to live, work, raise a family, and run a business.”
The Milken Institute’s ranking evaluates job creation and retention, the quality of new jobs, and other criteria related to economic success in metropolitan areas across the country. The report noted several industries that contribute to Texas’ thriving economy, including technology, energy, and financial services.
“This year’s Best Performing City, Austin, is a case study in concocting the proper recipe for economic vitality,” the Milken Institute said. “A rising technology center, it is creating high-quality jobs that improve the region’s overall wage structure.”
Texas cities have recently received national recognition by Forbes and The Business Journals for their economic strength and job growth. In the Forbes study released in October, the top four U.S. metro areas for middle class job creation since 2007 are in Texas, with Austin-Round Rock-San Marcos ranking first. The Business Journals’ October 2013 rankings of cities’ economic strength also named three Texas cities in the top five, with Austin again topping the list.
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