Twin Cities Up 12 Spots on Forbes’ Best Metros for Biz List
The Minneapolis-St. Paul metro area ranked 22nd on Forbes’ new “Best Places for Business and Careers” list—up 12 spots from last year’s ranking.
To compile its 14th annual list, which was released Thursday, Forbes analyzed the 200 largest metropolitan areas in the United States based on a dozen metrics pertaining to past and projected job growth, living and business costs, income growth during the past five years, educational attainment, number of highly-ranked colleges, and projected economic growth. Crime rates and other quality-of-life factors were also considered, although business costs and education carried the most weight.
The Twin Cities was bogged down by a dismal cost-of-business rank, 156th, and a poor job-growth rank, 104th. But the metro area benefitted from high marks in the education category, in which it ranked 20th among metro areas. (Learn more about the factors that contributed to the Twin Cities’ ranking here.)
Duluth, meanwhile, landed in the bottom half of Forbes’ list, ranking 125th overall. The city came in 63rd based on cost of business, 95th for job growth, and 138th for education. Last year, Duluth ranked 89th overall.
Provo, Utah, a city of 542,700, topped this year’s list. Raleigh, North Carolina; Fort Collins, Colorado; Des Moines, Iowa; and Denver rounded out the top five.
Although Texas didn’t secure a top-five spot, the state had a strong presence on the list, with five of the state’s cities ranking in the top 25.
Three of the five lowest-ranked cities—and five of the bottom 10—are located in California, with Modesto ranking the lowest among all metro areas. Atlantic City, New Jersey, and Flint, Michigan, also ranked among the bottom five.
Click here to view the complete list.