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More about Small Business, Business, Us, Detroit, and Supported
from MashableCorinne Bagish
For generations, Detroit was America’s stronghold. It was the country’s hub for auto manufacturing, where good hard work led to reward; a place where the American dream lived and thrived and was woven into the very fabric of the city.
Then, a 60-year period of steady decline. Decades of a shifting economy — an economy moving away from manufacturing — and other factors resulted in a shrunken population (from a peak of 1.86 million residents in 1950 to about 700,000 in 2012) and well-documented urban decay. At an estimated $18.5 billion in debt, the city of Detroit filed for Chapter 9 bankruptcy in 2013, the largest municipal bankruptcy in U.S. history. Read more...
More about Small Business, Business, Us, Detroit, and Supported
from MashableCorinne Bagish
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