Jan 26, 2016 1:11 PM by News Staff
Yuba City was crowned Tuesday as one of the “Best-Performing Small Cities” in the United States, according to a nationally-recognized independent economic think-tank.
The Milken Institute, based in Santa Monica, ranked Yuba City 26th in the nation, and one of only three California cities, as a city that powers major regional growth.
The institute ranked these areas based on data related to job creation, wage gains and technology trends that shape current and potential growth patterns.
“We’re both fortunate and proud to be categorized with so many other great towns and cities,” said Mayor John Buckland. “This designation corroborates a fact we have known for years—Yuba City is a great place to live, work and raise a family. We continue to retain and attract great businesses, and Milken Institute Report supports our continued reputation as one of the best performing small cities in the United States.”
The City’s most notable strides were in the realm of job growth, boosting ahead of nearly 100 other cities compared to rankings in previous years. The City also saw dramatic strides in its rankings for wage growth.
“Yuba City is not only a hub for job creation but a place where employment and businesses is sustained,” said Darin Gale, Economic Growth and Public Affairs Manager. “As we continue to see advances in our community’s economic well-being, it’s due as much to existing employers as the new industry that comes our way. We are improving every day and look forward to what this New Year will bring.”
The declaration comes on the heels of several other prestigious recognitions for Yuba City in the last two years, including an “A” long-term credit ranking in its most recent audit by Standard & Poors, a credit upgrade that recognized the City’s local economy and improved budgetary performance.