Iowa City MSA Third Strongest Iowa Economy in New POLICOM Strength Rankings
Top Ten Percent Nationally
The Iowa City MSA, which includes Johnson and Washington Counties, jumped 14 spots to number 38, among 381 MSAs nationwide, in the new Economic Strength Rankings just released by POLICOM. This places our area as the third strongest metro economy in the state, behindDes Moines and the Council Bluffs-Omaha area.
The Iowa City MSA has reached its highest ranking to date since 2005 and has experienced double digit growth each year since 2012.
“The main story within this year’s ranking, and our trajectory for the past 3 years, is consistency of growth,” said Ed Raber, Director, Washington Economic Development Group. “Economic stability in our two counties makes us a better place for business, where employers can minimize risk and employees can enjoy a high standard of living. It makes us an ideal location.”
POLICOM addresses the condition of an economy from the viewpoint of its impact upon the “standard of living” of the people who live and work in an area. The highest ranked areas have had rapid, consistent growth in both size and quality for an extended period of time.
The formulas used to determine economic strength measure how the economy has behaved, not what has caused it to perform. POLICOM uses twenty-four sectors to measure growth in size and quality of an economy, behavior of an economy, and negative sectors within an economy.
Among all Iowa metros, Ames ranked 177, Cedar Rapids 53, Davenport-Moline-Rock Island 111, Des Moines 4, Dubuque 158, Iowa City 38, Omaha-Council Bluffs 5, Sioux City 214, and Waterloo-Cedar Falls 206.