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You see this on a smaller scale elsewhere in Canada, too. The global economy is changing, and this has a huge effect on small towns across the country. I know o
by emilecantin 10y ago
You see this on a smaller scale elsewhere in Canada, too. The global economy is changing, and this has a huge effect on small towns across the country. I know of a few towns that are mostly desert now that their main economic engine (either a large manufacturing plant or a mine) has closed down.
A few of them are trying to re-center around tourism, but the most successful ones I know are attracting small tech companies. They offer a lot of support, and free / cheap office space, and it seems to work quite well.
- infinite8s 10y agoThis has happened across a lot of the US (and is probably one of the reasons for Trump's popularity, given that he's promising those folks good jobs).
- Grishnakh 10y agoI'm surprised it works much at all. The main draw such places have is lower cost-of-living, but in my experience and observation, the companies that locate there pay significantly lower salaries, so you end up not having any more after-rent pay than living in a metro area. Worse, you're tied to this job, so if the job doesn't work out for some reason, now you have to pack up and move. Also, finding places to rent in such towns can be hard, and buying a house is probably a bad idea because if the town is that much on the brink, you don't want to buy something that you won't be able to sell if the company folds and the town implodes.