Other economic measures point toward the same concentration of opportunity. The non-partisan Economic Innovation Group, which studies economic trends, has calculated that before the 2008 recession, the number of new businesses created exceeded the number that failed in 80% of American metropolitan areas. Now 60% of metro areas experience more business closings than openings and just five colossus communities (New York, Los Angeles, Houston, Dallas and Miami) account for half of all net business creation.
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By: Ronald Brownstein, CNNpolitics
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