People Fleeing Big Cities May Spur Economic Growth In Smaller Metros

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From FORBES, 3 Sept, 2020.

“… many commentators and pundits have focused on the fate of big cities—the cities they live in. These cities may change, but will probably be just fine. The truth, however, is that small and medium-sized cities and under-the-radar suburbs stand to gain more from small population increases than big cities stand to lose from small population decreases. Municipal officials, economic developers and chamber of commerce leaders in these smaller markets should pay close attention to Covid-driven migration trends and work together to capitalize on newcomers, adopting an approach that builds on endemic strengths while also incorporating the culture, skills and perspectives that their new residents will bring with them.”

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