Small Towns and the Economic Recession

Friday, March 05, 2010

Georgetown, South Carolina (Wikipedia)

Later today we expect to hear new national unemployment data which should offer economists a reasonable idea of where our economy is moving on a macro scale. But what about the smaller economic engines of America? How about the small towns in our country that may be largely sustained by a single industry or plant? Even if the economy, as a whole, were to make an unexpected recovery, that wouldn’t bring back the single manufacturing plant that sustaining some ten percent of its nearby residents, or the auxiliary economy that springs up around it like housing, restaurants, or shopping centers.

In this small town economic roundtable, we speak with Jay McLaughlin, the Chair of Glenwood’s Community Council. Mayor Paul Grenier, from his town Berlin, New Hampshire, and finally Mayor Jack Scoville, of Georgetown, South Carolina. Together in this conversation, these town leaders pain a picture of small town America's economic woes, hopes and recovery plans.  

Guests:

Paul Grenier, Jay McLaughlin and Jack Scoville

Hosted by:

Todd Zwillich

Produced by:

Hsi-Chang Lin and Kristen Meinzer

Comments [1]

Rob from Charleston SC

In the case of Georgetown SC, the closing of that steel mill might actually be a blessing in disguise. While some jobs have been lost, it sits on a prime parcel of waterfront land, which could be developed into something very nice. I drive through Georgetown often, and I always think of the potential tourism industry the town has.

Mar. 09 2010 01:08 PM

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