[Vision2020] Pocatello’s economy shrank again

[Kenneth Marcy]

 From the list of America's fastest shrinking economies:

*8. Pocatello, ID*
*> 2013 GMP change:* -2.2% (tied-7th worst)
*> 2013 change in employment*: -0.3% (43rd worst)
*> Projected 2014 GMP change*: 1.5% (69th worst)
*> Unemployment rate:* 6.4% (143rd lowest)

Pocatello’s economy shrank for the second consecutive year, with GMP 
contracting 2.2% in 2013 after dropping 1.7% in 2012. Additionally, the 
area shed jobs last year even as the U.S. continued to add jobs. 
Pocatello has lately had to deal with the bankruptcy of solar panel 
component maker, Hoku Corporation. The city attracted Hoku with 
nearly-free land leases that ended up costing taxpayers considerable 
sums of money. While job growth and output are projected to pick up in 
2014, the area is expected to continue to lag behind the rest of the U.S.


http://247wallst.com/special-report/2014/01/31/americas-fastest-growing-and-shrinking-economies/ 



Ken
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