ARKANSAS (KNWA/KFTA) — A Bentonville-based company looked at which metropolitan areas fared the best economically during the pandemic.
Heartland Forward released its “Most Dynamic Metropolitans Report” ranking America’s top 30 cities.
“These rankings are critical to understanding which cities were high-performing heading into the pandemic and whether they are well-positioned to weather the economic storm or are vulnerable to longer-term negative impacts,” according to the report, “Additionally, the rankings provide insight on how regions can harness their strengths to improve their future post-pandemic economic recovery.”
The research showed education was key in generating innovation within a region. “Our inclusion of the share of employees at young firms with a bachelor’s degree or higher is, therefore, a way of estimating the innovativeness of the young firms; the hypothesis is that more highly educated employees make a firm more innovative, leading to more new products, services and/or efficiency gains within the firm.”
Midland, Texas ranked first in “Most Dynamic Metropolitans” followed by the Silicon Valley in California.
- 3rd: Provo-Orem, Utah
- 4th: Boulder, Colorado
- 5th: San Francisco-Oakland-Hayward, California
- 6th: Austin, Texas
- 7th: Seattle- Tacoma-Bellevue, Washington
- 8th: Greeley, Colorado
- 9th: Naples-Immokalee-Macro Island, Florida
- 10th: St. George, Utah
- 11th: The villages, Florida
- 12th: Bend-Redmond, Oregon
- 13th: Madera, California
- 14th: Mount Vernon-Anacortes, Washington
- 15th: Nashville-Davidson-Murfreesboro-Franklin, Tennessee
- 16th: Boise City, Idaho
- 17th: Idaho Falls, Idaho.
- 18th: Salt Lake City, Utah
- 19th: Denver-Aurora-Lakewood, Colorado
- 20th: Fort Collins, Colorado
Fayetteville-Springdale- Rogers, Arkansas-Missouri was 3rd among medium metros
The study showed that top-performing metropolitan areas had a commonality of industry and structural characteristics, “separating them from lower performers.”
The agency’s goal is to promote regional innovation and entrepreneurial ecosystems that foster job creation, wage gains and economic growth, according to a company statement.
Heartland Forward works with universities, colleges, the business community, public policy leaders, and philanthropy to analyze resources supporting the startup community and identify workforce and talent gaps. Ross DeVol is president and CEO of the company.Source: Heartland Forward
Download the ArkLaTexHomepage app to keep up with the latest top stories, breaking news, weather, sports, and more!