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BOISE, Idaho — By all metrics, Boise is booming, according to a new Forbes list of the fastest-growing cities in the country.
Idaho’s capital swept the competition, exceeding 2017 expansion projections “by nearly every metric that matters,” the business magazine wrote. And according to Moody’s Analytics, the firm that provides data for Forbes’ annual list, Boise’s growth spurt is likely to continue. Boise ranked 11th on last year’s list.
“(Boise has) the pieces in place. It’s got the location, it’s got low cost, a healthy tech presence,” Moody’s senior economist Adam Kamins told Forbes.
The news follows the U.S. Census Bureau’s announcement that Idaho is the fastest-growing state in the nation (with Ada and Canyon counties accounting for 50 percent of that growth). Additionally, Boise was named the No. 2 spot for young professionals by Forbes in 2017 and earned the No. 11 title on last year’s fastest-growing cities roundup.
Here’s what bumped the Boise metropolitan area to the top this year:
- Its population grew 3.08 percent in 2017 — the highest percentage growth for any major metro area, Forbes said.
- Employment in the Treasure Valley grew 3.58 percent, second only to North Port, Florida, at 3.99 percent growth.
- Home prices, which Forbes said indicate wealth, increased 11.58 percent. That was the fourth-highest in the U.S.
To read the full story, visit the Idaho Statesman.
