Twin Cities
Twin Cities
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Find Debt Relief in Cities with Strong Work Forces
A Change of Scenery Can Help
If consumers are looking for debt relief, one way to speed up the process is to go to cities heavily focused on creating jobs. MarketWatch's annual survey of where businesses relocate to and set up shop, there are some cities which loom large above the rest. The following is a list of the top three locations to visit.
Minneapolis-St. Paul, Minnesota
The Twin Cities have over 10 private and public firms that have totaled over $ 10 billion in sales. During the recession, both of the cities have stayed strong with commerce and the unemployment rate has been consistently low. The Twin Cities have also proven to be open to small businesses, by having a top ranking of all metro areas for that grouping.
So why are jobs so much more plentiful there? Douglas Baker, chairman and CEO at Ecolab based in St. Paul stated, Why is it hard to get people here? Because they expect snow to be blowing in July." The VP of Recruitment for United Health Group, Tom Valerius, added, You sell them on the job, and then you sell them on the Twin Cities. At the end of the day, the big sell is directed toward the spouse more than the executive.
The Twin Cities are home to 3M Co., General Mills, Travelers Cos, Bancorp, Medtronic, St. Jude Medical, Best Buy and Target. The COO of Traveler's, Andy Bessette, said, Its a very educated workforce. The people here, the school systems, are very good. For consumers looking for jobs, the Twin Cities are a great place to start. Their large business force makes them relatively impervious to economic fluctuations.
Boston, Massachusetts
Another new entrant to MarketWatchs survey is Boston. The city has moved up in rankings due to a heavy concentration of Fortune 1000 and S&P 500 companies." Boston has also had stability in population growth as well. Just like the Twin Cities, Boston has benefited from citizens educated in the city's broad base of higher education, such as Harvard University, Boston University, and the Massachusetts Institute of Technology.
They also have a wide variety of job openings due to a diversity of companies focused in health care, finance, technology, tourism and education. The Director of Public Policy for the Greater Boston Chamber of Commerce Tim Sweeney said, It really is the skilled workforce that drives these industries. Having that balance has really helped us to sustain the economy." As consumers in other areas are looking for ways to help pay bills, handle expenses, and find debt relief, Bostonians aren't hit as hard by the faltering economy. A recent poll by the Chamber of Commerce showed residents had made small changes to their budgets, but overall remained fairly stable as the recession continued.
Denver, Colorado
Finally, the MarketWatch survey showed that Denver, Colorado is another city that has a wide variety of jobs for the unemployed. Three private firms, such as First Data Corp, Pro Builds Holds, a building materials company, and MWH, a resource management company, are creating a lot of jobs in the area. Although the recession did affect the economy, jobs were mainly stable. As Harold Raminski, CEO of MWH, stated, We didnt have to resort to lay-offs or huge restructurings. We did some quick cut-backs of supplies and were able to reboundWe maintained the same level of hiring also.
Going Where the Jobs Are
Many consumers are unemployed and having a hard time managing their finances. One of the ways to help the problem is to consider relocating to cities where jobs are plentiful. It's particularly the cities where the industries are diverse that offer the best job opportunities and seem to be far more stable as economies fluctuate. Relocating might be a solution worth exploring for people looking for debt relief.
Why We're Here: Twin Cities