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September 12, 2008

Maine cities ranked for growth

By The Mainebiz News Staff

While Portland remained relatively steady in the Milken Institute's annual ranking of the 200 largest cities in the country, both Bangor and Lewiston-Auburn made big gains in the institute's list of smaller metro areas.

In the Santa Monica, Calif.-based think tank's 2008 Best Performing Cities' Index, released yesterday, both Bangor and Lewiston-Auburn made significant jumps in the ranking of 124 smaller metro areas. The Bangor metro area moved from 149 last year to 82, and the Lewiston-Auburn metro area moved from 127 last year to 84 this year. The rankings are based on wages and salaries growth, job growth and gross domestic product growth in the technology industry.

In the ranking of the 200 largest cities, Portland dropped one place to 158. The city scored highest in its concentration of the technology industry, with a ranking of 72. Portland also ranked 101 in both wages and salaries growth from 2001-2006 and job growth from March 2007 to March 2008, according to the report.

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