posted on December 12, 2015
(Janesville, WI) Excerpts from Judy Newman, WI State Journal
Madison and the Janesville-Beloit area are among the most dynamic metropolitan areas in the country, according to a report by the Milken Institute. Technology, among a other key industry sectors too, played a big role in determining this year’s most vibrant economies, the study said.
Madison ranked 20th on the list of the Top 25 Best-Performing Large Cities released by the nonprofit, nonpartisan economic think tank, up from No. 30 last year. Fueling the city’s improved showing, Madison ranked ninth in the U.S. for one-year wage growth from 2012 to 2013, and was No. 11 for high-tech growth between 2009 and 2014, the report said.
Janesville-Beloit leaped to fourth place this year among the Top 10 Best-Performing Small Cities from 41st in 2014.
The statistical categories creating the most separation between the Janesville-Beloit MSA and its competitor locations were: Wage Growth (2012-2013) and High-Tech GDP Growth (2009-14 and 2013-2014). In these categories, the area recorded national rankings of #3, #1 and #6, respectively. Firms such as AccuLynx, Comply365, Data Dimensions, FatWallet, Foremost Media, SASid, State Collection Service – as well as others – are contributing toward these GDP and income gains. A number of these firms have announced and/or completed (expansion / relocation) projects during the last four-to-six years.
For additional information about the Milken Institute's Best-Performing Cities report, visit this link.