Small Cities Strike Gold With Economic Growth Plans
Thirteen years into the new century and many US cities and states are riding a wave of creating new-age economic development plans. These €plans€ usually involve luring corporations with large financial cuts using local tax payers' dollars for the exchange of erecting buildings and jobs in the respective location.
Local governments are noticing that their cities population, landscapes, infrastructures, educational systems and overall quality are on a decline. The general consensus is that in order for a once booming city to revive itself again, the area's officials believe they need to paint their towns as more attractive to businesses, hoping to entice newcomers and increase revenue.
The fact is that lifelong residences are moving away from their hometowns. And it's not for a change in scenery either. The places where their loyalties lie have become dumping grounds for vacant buildings and minimal pecuniary opportunity. Not only are these cities taking a financial hit, but residences are up and leaving.
Prime Example
Detroit MI, for one, was once the capital of a lucrative motor industry and home to some of the best R&B music productions in the world. The mid to late 20th century, marked a time when young artists, mechanics and engineers flocked to the metropolis for opportunity. Now the city boasts a fraction of the population, poverty and violence. It's a depressing dreg of what it once was.
After decades of trying its hand at forcing locals to cluster into a few areas and demolishing vacant buildings, Detroit is now hailed as another city that was.
Areas like New York and Los Angeles are €made€. They are flooded with commerce, politics, entertainment and just about every industry opportunity that can make money. Those local governments aren't working too hard to entice businesses and families to relocate there.
€Middle€ America
What about places with populations less than 30,000?
The numbers are high enough to generate fair employment opportunities and standards of living; nevertheless that's not the case. It's fair to say that businesses and people in general aren't checking for towns like Alliance OH as a best place to start a business. This is where state governments' can look to cities like Asheville NC. The Rocky Mountain subsidy is a frontrunner for revitalization and job creation with big businesses.
Like Asheville, local governments with clear plans for developing towns economically are popping up across America. They may be taxing the public to fund corporate incentives, but when done right, they strike gold.
Local governments are noticing that their cities population, landscapes, infrastructures, educational systems and overall quality are on a decline. The general consensus is that in order for a once booming city to revive itself again, the area's officials believe they need to paint their towns as more attractive to businesses, hoping to entice newcomers and increase revenue.
The fact is that lifelong residences are moving away from their hometowns. And it's not for a change in scenery either. The places where their loyalties lie have become dumping grounds for vacant buildings and minimal pecuniary opportunity. Not only are these cities taking a financial hit, but residences are up and leaving.
Prime Example
Detroit MI, for one, was once the capital of a lucrative motor industry and home to some of the best R&B music productions in the world. The mid to late 20th century, marked a time when young artists, mechanics and engineers flocked to the metropolis for opportunity. Now the city boasts a fraction of the population, poverty and violence. It's a depressing dreg of what it once was.
After decades of trying its hand at forcing locals to cluster into a few areas and demolishing vacant buildings, Detroit is now hailed as another city that was.
Areas like New York and Los Angeles are €made€. They are flooded with commerce, politics, entertainment and just about every industry opportunity that can make money. Those local governments aren't working too hard to entice businesses and families to relocate there.
€Middle€ America
What about places with populations less than 30,000?
The numbers are high enough to generate fair employment opportunities and standards of living; nevertheless that's not the case. It's fair to say that businesses and people in general aren't checking for towns like Alliance OH as a best place to start a business. This is where state governments' can look to cities like Asheville NC. The Rocky Mountain subsidy is a frontrunner for revitalization and job creation with big businesses.
Like Asheville, local governments with clear plans for developing towns economically are popping up across America. They may be taxing the public to fund corporate incentives, but when done right, they strike gold.
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