The Provo metropolitan economy grew faster than any of the other top 100 metro economies in 2016, according to an analysis of recently released economic data conducted by SpareFoot. Provo’s growth rates are higher than booming tech-centric economies like San Jose, San Francisco, Seattle, Austin, and Raleigh.
When compared to metro economies of a similar size, Provo’s performance is remarkable. Provo passed the Augusta this year and looks set to pass Scranton in 2017 to become the 94th largest metro economy in the US.
According to the BEA data, the Information Technology sector made the largest contribution to Provo’s growth, boosting the area economy by 1.68%. Other high-growth sectors included Professional and Business Services, Construction, Finance-Insurance-Real Estate, and Trade. Only Manufacturing saw a year-over-year decline.
Check out the full ranking here: sparefoot.com/moving/moving-to-salt-lake-city-ut/provo-metro-economy-fastest-growing-growing-2016/?utm_content=buffer8019b&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer