Charleston’s Latest Accolades Highlight Our Area’s Economic Strength

January 17, 2014

Everyone seems to be feeling good about Charleston’s economic future these days, and two recent nationally recognized rankings are helping to spread the word.

In a December 2013 report, the Charleston metropolitan region was recognized by the Milken Institutue, an independent economic think tank, as the 11th Top Performing City in the United States. The report examined the economic vitality of 200 large metropolitan areas primarily based on job creation and retention. Boeing’s presence in Charleston and the city’s evolution as a viable new aerospace hub, along with increased traffic at the Port of Charleston, were sited as our city’s key assets. Additionally, Charleston’s high-tech output made it the fifth-fastest growing high-tech hub in the nation.

The Milken Institute index is widely known as an objective measure of which U.S. metropolitan areas are most successful in terms of quality job creation, job retention and overall economic performance. To access the complete report, click here.

Our city’s economic strength was also a contributing factor for Charleston’s ranking as one of the country’s top areas for retirement by Forbes. Forbes looked at economic data with an eye toward a “working” retirement and also considered housing and living costs, taxes, weather, air quality, crime rates, doctor availability and active-lifestyle rankings to determine the best cities for retirement. To learn more about Forbes’ list of the top places to retire, click here.