Six metropolitan areas in Florida were ranked by the Milken Institute in the top 25 “best-performing” cities in the United States, and Naples-Immokalee-Marco Island was listed as no. 18.
Many of Florida’s areas are largely tourist and retirement destinations or healthcare and medical hubs, but according to the Milken report, the Florida cities ranked are beginning to diversify and grow in entrepreneurship and in the high-tech industry.
The Milken Institute’s index is based on metrics such as job growth, technology output, and wages and salaries. The Milken Institute is a nonprofit, nonpartisan think tank that uses independent, data-driven research to rank cities across the United States.
The other five Florida cities that made the list from a measured period of August 2016 to August 2017 were: No. 6 — North Port-Sarasota-Bradenton, No. 7 — Orlando-Kissimmee-Sanford, No. 12 — West Palm Beach-Boca Raton-Delray, and No. 15 — Tampa-St. Petersburg-Clearwater (see entire list below).
Milken’s objective in doing this research is to increase global prosperity by advancing solutions that widen access to capital, create jobs, and improve health for stable economic growth. This non-profit organization aims to see that people have access to education and healthcare, participate freely in the political process, and aspire to property ownership.
For more information about the Naples-Immokalee-Marco Island area, contact your John R. Wood agent who can provide you with a current market update.