Ask any Clevelander or Detroit native, and they can tell you all of the positive changes happening in their city. Now that news is spreading out of the Midwest. In Joel Kotkin’s article, The Rustbelt Roars Back from the Dead, he talks about how the industrial heartland is making a comeback as an attractive and affordable area for young professionals and thriving industries and business.
There has been a revival of job growth in these areas. Between 2009 and 2013, rustbelt cities and states dominated the country’s industrial revival. At the top of the list is Michigan, which gained 88,000 industrial jobs, a performance even greater than that of Texas, which came in second. The next three leading beneficiaries are all rustbelt states: Indiana, Ohio, and Wisconsin.
For much of the past half century, the rustbelt states suffered high levels of unemployment. But today Ohio, Indiana, Minnesota and Wisconsin have considerably lower rates of unemployment than the national average, and considerably less than California, Georgia, Nevada, New Jersey, and New York.
Over the last three years, the Cleveland metro has risen to third in the nation in the percentage gain of young adults with a college degree, behind only Nashville and Orlando. Cleveland’s gain of 15,500 college-educated young adults was greater than Silicon Valley’s and seven times that of Portland.