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Speaking as an HN'er in one of the "traditional Rust Belt hard-luck cases:" Anyone reading this have any good ideas for ways that areas like mine can improve l
by csense 13y ago
Speaking as an HN'er in one of the "traditional Rust Belt hard-luck cases:" Anyone reading this have any good ideas for ways that areas like mine can improve local economic conditions and better retain or even attract younger folks?
Area politicians are desperate to improve the economy; if you're looking for a new site for a medium-to-large business, especially if you're in a high-tech industry that's perceived as going up instead of going down, you'll likely find the Rust Belt's state and local governments to be quite accomodating.
- r00fus 13y agoIt's a chicken/egg problem - the reason most businesses stay away is that folks aren't already moving there - and "required infrastructure" i.e., coffee shops, trader joes, etc isn't present. Those buseinsss and shops don't open there because the demographics aren't there. The only thing that changes this is when a large organization decides to make things happen and move a significant base of people to that locale. City governments are generally not big enough to convince enough employers to move, and large companies only do this if they get massive tax breaks which can be unpopular with citizens and local businesses (i.e., it's a risky investment - which investors don't like).