Bakersfield MSA No. 2 for Most Diversified Large Metro Economy

Excerpted from WalletHub.com article written by Richi Bernardo in May 2017.  Real full article here

The Bakersfield MSA was ranked the No. 2 large metros in the nation by WalletHub.com for most diversified economies.

Some researchers have found that greater professional and industrial variety increases a city’s productivity, a pattern in growing and large urban areas in the U.S. and around the globe.  “More diversified economies are less volatile in terms of outputs, and lower output volatility is associated with higher economic growth,” according to the United Nations Industrial Development Organization.  Diversification helps an economy protect investors’ portfolios, and make it less susceptible to the damaging effects of market volatility.

Kern County’s diversification in its top five industries of transportation, logistics and advanced manufacturing; energy & natural resources; value-added agriculture; healthcare services; and aerospace & defense help strengthen our local economy and create a healthy business environment.

Kern County’s diversification in its top five industries of transportation, logistics and advanced manufacturing; energy & natural resources; value-added agriculture; healthcare services; and aerospace & defense help strengthen our local economy and create a healthy business environment.

 

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