Seeing new place for your growing business? Read the 7 fastest shrinking cities in US. To some extent, you should aware some lists developed by major media such Forbes or CNN Money. I see their list are updated with the latest statistics. They added some narrative, historical related to some well known companies established years ago. Population decrease seems okay to be working indicator for “fastest shrinking cities”. Unemployment figure also relevant.
Here 7 fastest shrinking cities in US:
- Pine Bluff, Ark.
- Joplin, Mo.
- Flint, Mich.
- Danville, Ill.
- Binghamton, N.Y.
- East Stroudsburg, Pa.
- Johnstown, Pa.
Pine Bluff’s is one of the poorest cities with the population has been declining fast. Pine Bluff ranks second only to the Detroit for crime. As Pine Bluff, Flint is one of the nation’s most dangerous cities, with 67 murders in 2012. Hmm..that statistics must be noticed by most businessman.
According to CNN Money, Danville’s unemployment rate climbed to 11.8% in January, even though there are currently 1,700 jobs available in the area, according to Vicki Haugen, CEO of Vermillion Advantage.In Binghamton, IBM gradually morphed from a computer maker into an IT services giant in the mid-2000’s, it caused most of the company’s 15,000 local workers lost their jobs.
East Stroudsburg enjoyed the period when people were moved within, as the price of house increased. Now the cost of commutting increased and the house price near metro decreased, peole approach the metro back.The city of Johnstown has lost population for nine decades, falling by about 70% from its peak in 1920.