~ The Milken Institute has released its highly anticipated annual report, "Best Performing Cities," and Colorado Springs has secured the fifth spot on the list. This marks the highest placement for the city in the report's history and is also the highest ranking for any city in the state.

According to Mayor Yemi Mobolade, this recognition from the Milken Institute confirms what residents have known for a long time - that Colorado Springs has a strong and diverse economy that continues to thrive. The city's previous highest ranking was ninth place in 2022, but it has steadily climbed up the list since then, placing 15th in 2024 and 37th in 2023.

One of Colorado Springs' strengths highlighted in the report is its balanced performance across all categories of the Best Performing Cities ranking. This includes a solid labor market, a thriving high-tech sector, and ample access to economic opportunities.

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Dani Bolling, Senior Vice President of Marketing, Communications, and Sales for Colorado Springs Chamber & EDC, attributes this recognition to the region's remarkable growth and innovation. She notes that strong job and wage growth, a thriving technology sector, and a highly skilled workforce make Colorado Springs an attractive destination for businesses looking to expand and professionals seeking a dynamic place to grow.

However, one area identified as needing improvement in the report is housing availability. The City has recognized this issue as one of its five strategic priority areas and is actively working towards finding solutions.

Mayor Yemi emphasizes that increasing housing choices for residents is a top priority for the City. This includes implementing a data-driven housing strategy, strengthening community partnerships, supporting innovative construction approaches, and promoting diverse development that meets the needs of the community.

For more information on Colorado Springs' strategic priorities, visit their website at ColoradoSprings.gov/StrategicPlan. With its impressive economic growth and commitment to addressing challenges such as housing availability, it's no surprise that Colorado Springs has earned its spot as the fifth best-performing city in the United States.

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