A group called the Economic Innovation Group has released its 2017 Distressed Communities Index, which looks at disparities in the economies of cities and regions and the impacts those disparities have on other factors, such as health, public assistance spending, and education. One of the interesting insights to come out of the report is that some smaller American cities have yet to escape the impact of the 2007 housing crash — and may never recover. But in Texas — or, at least, in Texas suburbs — the news is mostly rosy.
Frisco, Allen, and Flower Mount all rank among the most prosperous small and mid-sized cities. And Plano ranks No. 2 on the study’s list of the 10 most prosperous of the country’s 100 largest cities (which appears to mean cities with at least 200,000 people). One of the reasons for this localized prosperity is that suburban communities are self-selective, and their residents can prosper off the economic opportunity offered by major metropolitan hubs while keeping the challenges posed by large urban communities outside of their boundaries:Read More