Jonesboro Among Nation's Top Small Cities

NOVEMBER 18, 2004 - Posted at 3:56 p.m. CST

JONESBORO, AR - The Jonesboro Metropolitan Statistical Area (MSA) has been named one of the Best Performing Small Cities in America by the Milken Institute.

The ranking is based upon economic performance and the ability to create, as well as keep, the greatest number of jobs.  This index enables businesses, industry associations, economic development agencies, investors, academics, governments and public policy groups, to assess and monitor recent metro performance.

"Jonesboro's rank of 67 is a significant placement for our community," said Jonesboro Regional Chamber of Commerce President and CEO Henry Jones.  "It shows that all of the hard work being put forth to improve the quality of life in Jonesboro is working."

This is Jonesboro's first appearance in the organization's ranking.  The city was, however, ranked 23rd on Expansion Management magazine's 50 Hottest Places to Relocate or Expand Business and Industry for 2003.

"These rankings help keep Jonesboro on the radar screens of site consultants who play a major role in deciding where new industry will be located," Jones added.

The Milken Institute index includes measures of job, wage and salary, and technology output growth over the most recent five years (1998-2003) and the latest year's performance (2003).  The Milken Institute is an independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations in the U.S. and around the world.