A national monthly business magazine selected Cheyenne as a Five Star
Community due to its excellent quality of life.
Cheyenne was listed in
Expansion Management magazine’s May 2001 issue
based the magazine’s third-annual Quality of Life Quotient (QLQ), which
measures nearly 50 different quality-of-life indicators and compares them
among the 329 metropolitan statistical areas (MSAs) throughout the United
States.
The top 50 MSAs earned Expansion Management’s coveted "Five Star" designation
while the following 60 MSAs received a "Four Star" designation. The magazine
rates metro areas to provide its readers with a basis for comparing the
type of living and working environments they are likely to encounter in
various communities around the country.
"We ranked each of the 329 MSAs according to 47 different statistical
categories to come up with what we believe are the best places—from a
livability and affordability standpoint—for manufacturing companies to
grow and prosper," the article states.
Some of the areas contributing to Cheyenne’s ranking include a reasonable
cost of living, affordable housing, low crime, excellent transportation
access, good public schools, proximity to community colleges and universities,
an educated work force and low taxes.
"Our goal is to provide small- to mid-sized company executives with a
basis for comparing the type of living and working environment they are
likely to encounter in various communities around the country," the editors
stated.
The most heavily weighted category in the QLQ addresses the ability of
families and individuals to meet their financial needs and desires. Median
family income, per capita income and per capita disposable income levels
were combined with cost of living adjustments, state and local tax burdens,
family and individual property levels and unemployment rates.
In addition the editors acknowledge peace of mind is important to most
families and employers.
"When it comes to quality of life from an individual or company perspective,
low crime rates provide a sense of security, an expectation that a person
won’t fall victim to personal injury or property loss," said Les Gramkow,
research editor for Expansion Management.
Expansion Management is a monthly publication that circulates to more
than 45,010 CEOs and senior managers of actively expanding companies.
The publication is designed to provide an in-depth reporting and analysis
of corporate strategies for site and facility planning.
To access the article, "The Best Places to Live and Work," visit
www.ExpansionManagement.com.
