The Milken Institute's 2025 Best Performing Cities report reveals a stark decline for Silicon Valley, with the San Jose metropolitan area ranking 108th, down from 44th in 2024. However, local experts argue that this drop does not indicate a reduction in economic growth. Joint Venture Silicon Valley's CEO, Russell Hancock, suggests that growth in other areas is fueled by Silicon Valley companies expanding their remote workforces, ultimately benefiting the overall economy. Despite recent ranking drops for both San Jose and San Francisco, experts maintain that Silicon Valley's innovative and growth potential persists.
Hancock emphasized that the shift in rankings does not equate to growth declines in Silicon Valley but rather reflects a broader recovery where other metros are rising.
Thomas noted that the Milken Institute's methodology emphasizes quality of life issues showing that while rankings may drop, the region's innovation and potential remain strong.
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