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Knoxville jumps in Milken ranking

The Housing Hour January 18, 2013


Knoxville’s employment Renaissance has caught the eye of a prominent think tank.

The Milken Institute, a nonpartisan research group based in Santa Monica, California, on Thursday released it’s list of country’s best performing metro areas.

Knoxville came in at No. 25 among the 200 largest metros, jumping 33 spots compare to 2011.

The Milkin index measures job, wage, and technology performance to compile its rankings with employment growth weighted most heavily- but does not use quality of life indicators such as commute time or housing costs.

The Knoxville area garnered particularly strong marks for job growth between 2010 and 2011.

The local economy has shown signs of strengthening even since the Milken Institute conducted it’s in Alice’s in the final weeks of 2012, a trio of industrial companies announced expansion plans that are slated to add more than 300 jobs in the area.

That list includes Italian tie-maker Del Conca, which said it would build a $70 million dollar plant in Loudoun County that would create 178 jobs.

Rhonda rice, executive vice president of the Knoxville chamber, noted Thursday that Knoxville’s best performance came on the most recent statistical measurements and said 2012 saw even more often increase. “We’re very optimistic about good things on the horizon here for the Knoxville region, ” she said.

Knoxville had the highest ranking of any large metro area in Tennessee. Nashville was listed at No. 27, Chattanooga at No. 80 and Memphis at No. 99.

Source:

http://www.knoxnews.com/news/2013/jan/18/knoxville-jumps-in-milken-ranking/?partner=yahoo_feeds

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