Springs ranks in top 10 ‘make it rich’ list

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Colorado Springs tied with Bridgeport, Conn., for the ninth small city to “make it rich in,” according to CreditDonkey.com.

Springs listed ninth thanks to its percentage of high income people (8.9 percent), it’s gross domestic product growth (11. 5 percent) and the 197 patents filed by city residents.

“The area’s economy centers on military institutions and the aerospace and electronics industries that have grown up around them,” the report said. “Military spending kept those industries relatively strong when some other high-tech sectors suffered from the effects of the Great Recession. The local economy grew an impressive 11.5 percent between 2008 and 2011.”

The geographic area of Oxnard, Thousand Oaks and Ventura in California placed first on the list, according to the report. Durham-Chapel Hills, N.C., was on the list, as was Madison, Wisc.

To come up with the list, CreditDonkey looked at areas with populations between 250,000 and 850,000, with a percentage of households making $150,000 or more and how many patents were granted in the city.

Click here to view the entire list.

One Response to Springs ranks in top 10 ‘make it rich’ list

  1. Safe to file this under the “There are lies, dammed lies, and statistics” category.

    John koury
    July 22, 2013 at 3:27 pm