Prescott Named Top 26 Best Performing Small Cities by Milken Institute
Prescott was named number 26 Best Performing Small Cities by Milken Institute, for their survey conducted in 2017-18. Prescott ranked 26th out of 201 cities listed, and had increased in position from #33 in 2016-17.
Health care, tourism, manufacturing, high-tech sectors, and housing-related elements set the top performers apart in this year’s Small Cities ranking.
These ranking components have all played significant roles in Prescott over the past 5-7 years, and as a result, Prescott’s 2017 Ranking was #26 (out of 201), up from #33 in 2016. Most notable in 2016-2017, Prescott saw significant job growth, which was a strong factor in the new ranking.
“We are very pleased with this ranking, and the fact that Prescott is climbing on the list every year,” said Prescott Mayor Greg Mengarelli. “Our strong housing market, combined with gains in health care, and light manufacturing have all played a part.”
Prescott is also increasing its profile among high technology companies, particularly in cyber security and aviation. Recently, Eviation, an Israeli-based company that hopes to build all electric commuter aircraft, announced its U.S. headquarters coming to Prescott.
Building on the partnerships with higher education including Embry-Riddle Aeronautical University, Yavapai Community College, and Prescott College, Prescott continues to attract interest from high tech businesses.
Daily commercial air service to Los Angeles and Denver on United Express, operated by SkyWest Airlines, are also important factors for decision makers.