But in the 5,225 ZIP codes across the U.S. that, in a new report, the tech-billionaire backed, pro-entrepreneurial nonprofit Economic Innovation Group has labeled “distressed communities,” you’ll see a very different picture. In Midwestern cities gutted by the decline of manufacturing, like Cleveland, and across much of the deep South, employment has dropped by 6%, and instead of new businesses being established to create more jobs, they’ve been disappearing at a rate of 6.3%. These are “the places that have fallen through the crack of the U.S. economy,” according to the report. In these communities, the recession essentially never ended, and the gulf between them and the top economic engines of the country is only growing wider.
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By: Eillie Anzilotti, Fast Company
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