Baltimore vs. Detroit vs. St. Louis

[FalstaffBlues]

Originally Posted by Joakim3

Ok......and St. Louis's biotech KaloCyte is moving to Baltimore's UM BioPark?

Chicago dries out St. Louis (and has since about 1850) due to the shift in rail industry. It's no different then DC currently sucking out state resources from Baltimore, or NYC's never ending economic squeeze on Philly

Yeah startups bounce around all over the country constantly. They follow the VC wherever it leads them. Dumb to compare it a multinaitonal corporation with $40bil+ in revenue.

Proximity to Chicago is meaningless. Indy, Madison, and Des Moines are all growing very fast (by midwest standards) and all three are near Chicago.

Furthermore, Chicago isn't doing great. Its falling back in comparison to its peers. It has stagnant population growth, stagnant economic growth, and the slowest home price growth of any major metro in the country. Not to mention the three layers of governmental insolvency that will only be fixed by bankruptcy, austerity, or unpalatable taxation.

[PerseusVeil]

Originally Posted by FalstaffBlues

Yeah startups bounce around all over the country constantly. They follow the VC wherever it leads them. Dumb to compare it a multinaitonal corporation with $40bil+ in revenue.

Proximity to Chicago is meaningless. Indy, Madison, and Des Moines are all growing very fast (by midwest standards) and all three are near Chicago.

Furthermore, Chicago isn't doing great. Its falling back in comparison to its peers. It has stagnant population growth, stagnant economic growth, and the slowest home price growth of any major metro in the country. Not to mention the three layers of governmental insolvency that will only be fixed by bankruptcy, austerity, or unpalatable taxation.

Chicago's economy actually isn't stagnate. It was one of the bright spots for the city prior to this pandemic. It wasn't exploding, but it was seeing moderate growth. Chicago also has a low unemployment rate, and the city is getting wealthier. All of this was in spite of the city's population stagnation.