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Burlington Ranks in Top 20 Best-Performing Smaller-Cities

Posted: August 15, 2023 by Ashley Pelfrey

In the 2023 assessment of best-performing cities in the United States by the Milken Institute, Burlington has achieved a significant rise in its ranking. Among 203 smaller metropolitan statistical areas, Burlington is ranked 14th, a jump of 22 spots from the previous year. This is also the highest ranking for small metros in North Carolina.

The driving force behind this improved ranking is attributed to strong and diversified wage growth. Over the span of a year, wages in Burlington increased by 13%, and over five years, they saw a nearly 36% growth. This placed Burlington 11th and 18th in its size group based on these metrics. The growth in wages was particularly notable in sectors such as retail trade, transportation, financial activities, and professional and business services.

The increase in ranking is linked to the city's decision in 2016 to enhance local economic development efforts. This approach has resulted in numerous successful projects, expansions of existing businesses, and the establishment and growth of new entrepreneurial ventures. Burlington's economic development director, Peter Bishop, attributes this success to the city council's commitment to investing more in economic development and its strong collaboration with the Alamance Chamber of Commerce.


A key contributor to the city's economic landscape is Labcorp, Burlington's largest employer. Labcorp's $71 million investment in its aviation division at the Burlington Alamance Regional Airport played a role in the city's positive ranking. The project includes significant property improvements and the creation of jobs.

Overall, Burlington's rise in the Milken Institute's ranking is attributed to its strategic focus on economic development, wage growth, and successful collaborations with businesses and organizations.


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