There was a time in America when economic expansions bore more fruit for small towns than big cities. That time was the 1990s: Following the 1991 recession, according to Census data, counties with 100,000 residents or fewer saw faster employment growth and more net new business formation than medium-, large- or mega-size counties.
Those least-populated counties saw, on average, 16 percent employment growth in the first five years of the ‘90s recovery. They saw business formation growth of 9 percent. Both those rates are double what the largest counties, of more than 1 million people, experienced in that time.
…
By: Jim Tankersley, The Washington Post
Read the full article here.
