Best Performing U.S. City of 2012 - San Jose Ca (VIDEO)

The 2012 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. San Jose California is Ranked #1:

This is wonderful news for San Jose California but bittersweet for some.
The Negro population continues to experience Black Flight in this thriving regional economy that drives the worlds technology. With no businesses, no political proponents and no cultural community and a population of 30k people in the Capitol of Silicon Valley, the question is, why?

2012 BEST-PERFORMING CITY - San Jose California

Silicon Valley tech breakthroughs
Thanks to new Silicon Valley tech breakthroughs, San Jose was the nation’s best performing large city during 2012, a new Milken Institute report found – a big jump from the No. 51 spot on the same list in 2011.

New employment opportunities in social media, mobile, clean tech and big data analytics – in addition to continued success in other tech fields – is contributing to a strong economic recovery in the area after the 2008 financial crisis, the Institute found.

Home of Innovation
“As the home of innovation and 'disruptive' technologies, San Jose’s unique industrial ecosystem is susceptible to the same volatile forces, causing wide swings in performance,” the report explains. “Right now, it’s on a roll.”

While San Jose gets the name recognition, there is one important caveat: the study looks at the entire federally-defined metro area, including prosperous nearby cities like Cupertino, Sunnyvale and Santa Clara, to name a few.
Still, no one is complaining about the regional success.

“It reaffirms what we’ve known,” San Jose City Councilmember Sam Liccardo told me. “This valley is continuing to create jobs at a rate that exceeds any other metro area in the country.”

The Milken Report
And the high praise also comes with an implicit warning that local officials are well aware of.
The Milken Institute study looks at output measures like new jobs, but not at input measures like business costs, cost-of-living or commute times – all big issues in the increasingly densely populated and expensive Valley.

Growth
“There’s a cautionary tale in all of this,” Liccardo said. “We need to continue focusing on ways to manage the cost of living for employees here by building more housing, by building out transit and transportation infrastructure that will make it easier for companies to hire here.”