30 March 2009

A York mention in the Wall Street Journal

Here's the headline from an article today's Wall Street Journal:
Many Smaller Cities Dodge Crunch in Consumer Lending

The story looks at data from Equifax and Moody's related to mortgages and home-equity, credit-card, auto and student loans. York shows up at No. 8 in the accompanying chart of the cities where consumer loan balances have grown the most. The numbers suggest that big cities and rural areas have been hurt the most by tighter consumer lending, but mid-sized cities like York have done OK because of "more disciplined economic-development strategies in those cities, more diverse employment and lower costs." Those are all things that show up in the YorkCounts Indicators Report.

For the full story, click here:
http://online.wsj.com/article/SB123837422461168013.html#mod=rss_Page_One

- Dan Fink

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