Janesville-Beloit MSA Named Among Top 40 Best-Performing Small Cities for 3rd Straight Year
Recent booms for United Alloy and other local companies have kept Janesville among the top 40 best-performing small cities in the U.S. for three straight years, according to a report released this month by California economic analyst Milkin Institute.
The Milkin report shows the Janesville area has surged ahead of peer cities in Wisconsin in high-tech industry growth, and it’s ranked consistently high in job and wage gains in various sectors, including health care, advanced manufacturing, pharmaceutical production and construction, Milkin analyst Minoli Ratnatunga told The Gazette.
The Milken report uses federal data on wage and job growth by employment sector, focusing on short- and long-term growth.
“It’s been relatively stable (growth), which is a good indicator of an economy that is relatively robust,” Ratnatunga said. “Overall, looking at your (surveyed) industries, it does seem to be a pretty broad-based economic growth.”