The Brookings Institution’s Metropolitan Policy Program ranks top advanced industry hotspots in the U.S.
Automotive and aerospace manufacturing have an outsized role in powering these regions' economic growth. Other industries include energy activities and digital services such as computer system design.
According to Brookings, only a limited number of U.S. metro areas retain “truly dense and diverse advanced industry bases.” Metro areas where advanced industries employ the biggest share of the workforce include San Jose-Sunnyvale-Santa Clara, Calif.; Seattle-Tacoma-Bellevue, Wash., and Wichita, Kan.
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady