Debt Relief Can Be Found in Cities with Strong Work Forces

Monday, December 7th, 2009 By

A Change of Scenery Can Help

The numbers don't look good. To find debt relief, you may have to pack up and move where the jobs are. (Photo: flickr.com)

The numbers don't look good. To find debt relief, you may have to pack up and move where the jobs are. (Photo: flickr.com)

If consumers are looking for debt relief, one way to speed up the process is to go to cities heavily focused on creating jobs. According to MarketWatch’s annual survey of where businesses tend to settle and create employment, there are some cities that are far above the rest in job possibilities. 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. Throughout the recession, both cities have remained strong in commerce and the unemployment rate has remained consistently low. In addition, the Twin Cities have proven to be small-business friendly by earning a top ranking among all metro areas in that grouping.

So why are jobs so plentiful in the area? 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.” Tom Valerius, VP of recruitment for United Health Group agreed, adding, “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, Target and Best Buy. Andy Bessette, Traveler’s COO, stated, “It’s 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 MarketWatch’s survey is Boston. The city has moved up in rankings due to a heavy “concentration of Fortune 1000 and S&P 500 companies.” In addition, Boston remained stable in population growth. Like the Twin Cities, Boston benefits from citizens who have been educated in the city’s wide variety of higher-learning facilities, including Harvard University, Boston University and 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. Tim Sweeney, director of public policy at the Greater Boston Chamber of Commerce, stated, “It really is the skilled workforce that drives these industries. Having that balance has really helped us to sustain the economy.” When consumers in other states are looking for ways to find debt relief, pay bills and handle expenses, Boston’s citizens are somewhat unhampered by the failing economy. A recent poll by the Chamber of Commerce showed that its residents have made small changes to their budgets, but overall have remained fairly stable as the recession has played out.

Denver, Colorado

Finally, the MarketWatch survey showed that Denver, Colorado is another city that has a wide variety of jobs for the unemployed. First Data Corp, building-materials company Pro Build Holds and MWH, a resource manager, are three large privately-held firms that are creating jobs for the population. Although the recession did affect the economy, jobs were mainly stable. As Harold Raminski, stated, “We didn’t have to resort to lay-offs or huge restructurings. We did some quick cut-backs of supplies and were able to rebound…We 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. In particular, it’s the cities where the industries are widely varied that offer the best job possibilities and seem to be the most stable as the economy fluctuates. For people in need of debt relief, relocating may be a viable solution worth exploring.

Previous Article

« One Good Reason to Get Payday Advances

If you think about it, there are lots of good reasons to get payday advances. But they all boil down to one simple fact: It’s just plain tough to make ends meet.
Next Article

Payday Loans for Single Mothers »

You’re a single mother and want to make the holidays special for your child, too. Payday Loans for Single Mothers can provide a little extra cash ...

Leave a Reply

Other recent posts by bryanh

One Good Reason to Get Payday Advances

If you think about it, there are lots of good reasons to get payday advances. But they all boil down to one simple fact: It’s just plain tough to make ends meet.

4 Smart Ways to Keep Pet Costs to a Minimum

Pets are cute, but how many short term loans are you going to have to take out just to meet your other expenses after overspending on your pets?
No, your new dog doesn't "need" a ramp like this. Are you trying to put short term loans to the test? (Photo: flickr.com)

Personal Loans in Dubai – Past and Present

The experiences mentioned in this article are related to personal loans in the troubled emirate of Dubai. They are true and occurred between 2000 and 2002.
Some expatriates in Dubai who lose work will be able to repay their personal loans, but not all. (Photo: dubaiphotostore.blogspot.com)