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I am not sure your observation is correct - in industries such as oil and gas the investment community was quick with redistributing wealth to previously underf
by prostoalex 8y ago
I am not sure your observation is correct - in industries such as oil and gas the investment community was quick with redistributing wealth to previously underfunded rural areas of Oklahoma, Texas, Alaska, or North Dakota. Another example is Las Vegas, which prior to hospitality industry investments was essentially a piece of desert.
And those are just the big-name examples. Some extended family of mine lives in a rural area of Central Washington, which anecdotally in the past decade has experienced high growth in manufacturing, driven primarily by Japanese money.
- heurist 8y agoOil money is a start, though my understanding is the workers go where the work is and take the money home when the work runs out. Those also tend to be in places people don't want to live for long. Most of the oil money is also extracted to major cities like Houston, so it's not a complete solution because it's an extremely leaky bucket. Some places are doing better than others. But are they building products that solve local problems, or are they trying to primarily sell to a national or global market? Are they funded by local capital? Will the benefits of their production stay local?