WalletHub, the personal finance website owned by Evolution Finance, published a report revealing that several Pennsylvania cities are lagging behind in growth, compared to the national average.
According to the “personal finance social network” authorities in states like Pennsylvania and Ohio authorities, federal entities that are below average population growth, could reverse this situation by “developing strategies to draw in more businesses and entrepreneurs.”
In the report posted on its Web site, WalletHub also indicated that “to do this, they should invest in things like infrastructure and amenities such as music and sports venues, educational facilities and parks.
In the previous ranking Bethlehem was the fastest-growing city in Pennsylvania, but it ranked 259 out of the 515 municipalities that WalletHub analyzed nationwide. Philadelphia ranked 320th, followed by Allentown (335), Reading (348), Pittsburgh (408), Scranton (438) and Erie (513).
To determine its ranking, WalletHub analyzed 17 growth and decline metrics over seven years, including population growth, job growth, and how much the unemployment rate declined.
“In Pennsylvania, we analyzed seven cities, and they all ranked in the bottom half,” said WalletHub analyst Jill Gonzalez.
Translated by: José Espinoza
Noticias Newswire
