The Milken Institute released their 2010 Best-Performing Cities last week and Lexington made a huge jump! Coming in at #100 overall, Lexington made the Biggest Gainers list by leapfrogging 61 spots from #161 last year.
The Milken Institute noted the following:
There are several commonalities among the biggest gainers on the 2010 Best-Performing Cities index. The most ignificant theme was a heavily service-based economy with little durable goods production. This is because the service sector tends to be less sensitive to business cycles. Conversely, metros with a heavier reliance on durable goods manufacturing, which took a dramatic hit during the recession, witnessed the largest declines in output and mployment. Among the biggest gainers, a majority also didn