Hickory’s on the rise: Ranks No. 3 “biggest gainer” in new economic growth study

Hickory’s on the rise: Ranks No. 3 “biggest gainer” in new economic growth study

Hickory’s economy is rapidly growing, according to a new study cited by USA TODAY.

Hickory, N.C. is ranked the No. 3 “biggest gainer” of 2017, after rising 64 places to No. 103 on Milken Institute’s list of Best-Performing Cities in America.  Milken Institute’s annual report analyzes economic trends and dynamics shaping American cities and highlights the factors driving innovation and growth across the nation.

City rankings were based on job growth during the 12 months ending last August and over the past six years. It also ranked the cities on wage growth and high-tech output in recent years.

The USA TODAY article described Hickory as “once a textile and furniture manufacturing center” that has “revived as a hub of cloud computing and data centers for giants such as Apple and Google.”  The article also noted Hickory’s growing popularity as a destination for retirees.

“Hickory is truly a city on the rise and it is great to be recognized for our recent growth,” said City Manager Warren Wood.  “Economic growth will be a main priority for the City in the coming years, and we are making efforts today that will positively impact the local economy for years down the road.  Especially with the recent launch of the City’s new Business Development and Planning Division, Hickory’s economy is going to continue to flourish.” 

The Milken Institute’s Best-Performing Cities in America complete annual report is available for download at http://best-cities.org/.  To read the full USA TODAY article, please visit: https://www.usatoday.com/story/money/2018/01/10/provo-utah-best-performing-economy-among-big-u-s-cities/1017141001/.

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