Most Dynamic Metros Feature ‘Knowledge-Based’ Economies

June 11, 2019
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Photo: Unsplash/Nathan Dumlao

A new study from the Walton Family Foundation found that the most dynamic U.S. metros have economies that have made investments in technology, education, entrepreneurship, and commercialization, New Geography reports.

“The data show that a knowledge-based economy is key to unlocking economic potential in metropolitan areas across the United States,” said Ross DeVol, the lead researcher and a Walton Fellow. “Cities making investments in a knowledge-based economy have performed better economically than those that have not.”

Each metropolitan area is ranked and reviewed on performance-based metrics, such as job growth, income gains, and the proportion of total jobs at young firms – a key measure of entrepreneurial performance. This is the first time that such research has been undertaken in this scope.

Topping the list of dynamic metropolitan areas was Midland, Texas, followed by San Jose-Sunnyvale-Santa Clara, Calif., Midland, Mich., Elkhart-Goshen, Ind., and Bend-Redmond, Ore.

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