The Milken Institute “uses a comprehensive, fact-based set of criteria to rank 200 large and 201 small metros across the United States. As an outcomes-based index, growth in employment, wages and technology output are heavily weighted; metrics such as cost-of-living and quality-of-life conditions, often highly subjective, are not included.”
Charlottesville is the highest ranked small city in Virginia on the Index. The City jumped from #31 in 2015 to this year’s #12 spot.
“This ranking affirms that our community’s efforts to grow jobs and increase economic development are paying off,” said Charlottesville City Manager Maurice Jones. “The City is strongly committed to increasing job opportunities by supporting our current businesses as they expand and grow, and by attracting new companies to our area.”