Augusta ranks #2 of Most Recession-Proof Cities
Augusta, one of the most recession-proof cities
Augusta took the #2 spot on a list of the 21 areas of recession-proof metro areas put out by MetroMonitor, a quarterly report released by Brookings Institute’s Metropolitan Policy Program.
The report looks at indicators – such as employment, unemployment, output, home prices, and foreclosure rates – for the nation’s 100 largest metro areas through the first quarter of 2010, which ended in March.
Typically, living near a government center or state capital, which tend to have fewer job cuts and higher spending, pays off and helps the economy. Of the 15 metropolitan areas with the lowest unemployment rates, one is Washington, D.C. and nine are state capitals dominated by government.
Augusta on the other hand, depends more on our Medical and Military communities to keep the economy strong. What else do you believe helps to strengthen the economy in our area?
