Danville Ranks 363 out of 366 Metropolitan Areas

RE:  My previous Blog post on Danville.  I rest my case…I can only wonder:  What three were worse?

This is from the Danville Register and Bee, their local paper, itself.  Link to full story at the bottom.

In the latest Policom economic strength rankings, Danville ranks 363 out of 366 metropolitan areas.

Policom, based in Palm City, Fla., annually ranks metro and micropolitan areas for economic strength, taking into account 23 different factors over a 20-year period. The last few years are weighted more heavily.

The formulas used to determine economic strength measure how the economy behaved, not why. Factors reflect “standard of living” and include jobs, earnings and per capita personal income. The study also measures growth in welfare assistance and Medicaid.

Nonfarm proprietors, construction and retail sectors are also measured for earnings, jobs and wages.

Danville lost a lot of primary jobs, like in manufacturing, that reduced the amount of money flowing into the economy, said William Fruth, president of Policom. Primary jobs sell goods and services to outside the area.

The strongest economies are diversified with multiple primary industries and the weakest are typically tied to an industry that went into decline, he said.

It’s worth going to the link and reading the full story just to read the local comments…

Lost primary jobs helped Danville rank 363 out of 366 metropolitan areas | GoDanRiver.