Buildings and Sites
10 economically diverse cities that have what it takes to overcome turbulent times
11 Aug 2020
Wisconsin
Curious which U.S. economies are healthiest, and likely to rebound quickest after COVID? An important vital sign to check is the diversity of industries within a metro economy. Relying too heavily on a single industry — say, tourism and hospitality in a time of travel restrictions — is detrimental. But a healthy mix of market sectors can help communities better weather economic storms.
“Every market and industry has been impacted either directly or indirectly by COVID-19,” explains Meredith Metsker, a content marketing specialist with labor market analytics firm Emsi. “However, some communities are more resilient than others, particularly if they have a diversified, knowledge-based economy.”
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