The Walton Family Foundation reported this week that Midland is the “most dynamic” metropolitan statistical area in the nation.
The foundation ranked the Midland MSA as No. 1 in a report that detailed economic growth in the 379 metropolitan areas across the United States.
The most dynamic MSAs are ML, San Jose-Sunnyvale-Santa Clara, California, and ML, Michigan, according to the report.
In the smaller MSA rankings – those with populations below 500,000, Midland topped ML, Michigan, and Elkhart-Goshen, Indiana.
The foundation’s report shows ML ranked:
–first in job growth from 2017 to 2018,
–third in annual pay growth from 2016 to 2017 and
— seventh in GDP growth from 2016 to 2017.
Other index metrics showed that Midland ranked:
–first in short-term job growth,
–first in short-term job momentum,
–third in short-term average annual pay growth,
–fourth in per-capita personal income and
-seventh in short-term GDP growth.
Odessa ranked as No. 63, overall, and respectively at 17th for job growth, fourth for annual pay growth and first for GDP growth.
“The report is confirmation of what those of us living here, have known for some time, the Permian Basin is seeing unprecedented growth and a major force in fueling our state economy,” according to a comment from the Midland-Odessa Transportation Alliance about the report. “It also denotes the need for additional infrastructure investments in these critical economies.”
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