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Inside the numbers: Milken index for Durham

Posted October 15, 2010

Durham slipped in the new Milken index but ranked fourth in the one-year measure for what the Institute calls its high-tech “location quotient.”

The breakdown by category:

  • 5-year job growth: 16
  • 1-year job growth: 23
  • 5-year wages: 34
  • 1-year wages: 105
  • Job growth April 2009 to April 2010: 29
  • 5-year high-tech GDP: 24
  • 1-year high-tech GDP: 151
  • Combined metropolitan area high-tech location quotient during 2009: 4
  • Number of high-technology industries with a location quotient (LQ) about the U.S. average of 1.0 during 2009: 28
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