Since the recession, the number of cities losing more businesses than adding new ones has been consistently higher than in the previous three decades.
The trend, addressed in a new report from the Economic Innovation Group, highlights how the country’s economy shifted in the wake of the recession and has concentrated its growth in a handful of places.
Roughly two-thirds of cities saw a net loss of businesses in 2014. Though some metro areas are still adding more new companies, a smaller number of cities now account for the growth of new business.
By: Leah Binkovitz, The Rivard Report
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