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Really, people? This is not a big deal at all. This goes in my box of things that don't matter.
I agree. It's really no different from a Montgomery, Alabama-based company owning WIS-TV or a Sacramento, California-based company owning The State Newspaper.
I actually like that it's South Carolina-owned. And it makes sense since Columbia is Charleston's closest peer city, both in terms of distance and economic and cultural integration.
Could this be "game-changing" for Columbia's growth? A California-based lending company is targeting Columbia as an under-served market where companies could benefit from more capital. The firm says Columbia looks like a good market to be in over the next 12 months and that metros Columbia's size are "becoming the primary markets of tomorrow."
It makes sense that smaller cities are the new prime markets. Urban redevelopment is not exclusive to large cities and while larger cities experience growth within their cores, smaller cities are becoming more attractive since that trend of downtown redevelopment has moved to smaller cities. Think about it, you can gentrify a downtown to have high density redeveloped areas in Greenville and Atlanta, but in Greenville you dont have the traffic, crime, and other major issues that plague major cities, yet you have a downtown that might be smaller, but just as nice if not nicer to live in. Not to mention in today's world where many people have the ability to work from anywhere, larger cities have more competition from smaller cities as far as gaining residents. Now this is not to say Greenville has everything Atlanta does or anything like that, obviously thats not the case but bigger isnt better could not be more true today and as this trend continues, it will only become more true.
It makes sense that smaller cities are the new prime markets. Urban redevelopment is not exclusive to large cities and while larger cities experience growth within their cores, smaller cities are becoming more attractive since that trend of downtown redevelopment has moved to smaller cities. Think about it, you can gentrify a downtown to have high density redeveloped areas in Greenville and Atlanta, but in Greenville you dont have the traffic, crime, and other major issues that plague major cities, yet you have a downtown that might be smaller, but just as nice if not nicer to live in. Smaller cities offer the best of both worlds.
Just curious. Why bring up Greenville and Atlanta in response to an article about a lending company that's targeting Columbia because they see it as a good market to be in over the next 12 months?
Just curious. Why bring up Greenville and Atlanta in response to an article about a lending company that's targeting Columbia because they see it as a good market to be in over the next 12 months?
Because Greenville and Atlanta illustrate this point very well and also give a good look as to how this could change the game in Columbia.
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