California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

Forbes magazine recently released a list identifying the ‘America’s Fastest Dying Cities’
and no California cities made the list.

Surprisingly, while California cities have unfortunately been rated low or high on a host of
lists, the cities of the Golden State are anything but dying economically speaking. So no
California cities are on this list!

But, the ‘Rust Belt’ communities have this list tied up tighter than a hungry boa constrictor
for its prey. These metropolitan statistical areas, as defined by the U.S. Census Bureau, face
fleeing populations, painful waves of unemployment and barely growing economies.

Ohio leads the top ten with four cities, Canton, Cleveland, Dayton and Youngstown. Michigan
follows with two: Detroit and Flint.  Detroit’s Mayor has recently done a short stint in jail and
Flint has been in this nightmare for decades.The list also includes Scranton, Pennsylvania;
Springfield, Massachusetts;Buffalo, New York and Charleston, West Virginia.

And while none of these cities are facing the foreclosure rates of California, they did not have the
run up in prices let alone the building that went with it creating the corresponding growth

I am Tim Johnson and this has been the California Business Minute.