The Bend-Redmond metro area repeated its No. 1 rank among small cities in the Milken Institute’s annual review of best-performing cities.
The 2017 report, released this week, noted that Bend-Redmond was the best-performing small metro in the nation because it continued to add jobs at an “impressive rate” and leveraged its high quality of life to attract new entrepreneurial residents.
The Milken Institute is a Los Angeles-based think tank. Milken’s ranking is based on nine key indicators that emphasize job growth, wage growth and a concentration of high-tech industry. The Bend-Redmond area improved over 2016’s ranking in six of the nine indicators, Economic Development for Central Oregon noted in a press release. In 2017, Bend-Redmond topped the nation in GDP growth, saw the second-fastest job growth and was sixth for population growth, EDCO noted.
The Milken Institute noted that Bend-Redmond, which includes all of Deschutes County, stayed in the No. 1 spot because it had the second-highest job growth among its peers, both in 2016 and for the five-year period beginning in 2011.