Definitions: Distressed Community

Distressed Community – A community where indicators of economic standing show significant weakness. These indicators may include such factors as unemployment, underemployment, home ownership rates, business formation rates, capital investment, changes in assessed valuations, percentage of substandard housing, out-migration and population loss now prevalent in some rural regions, and adverse impacts from rapid immigration prevalent in some border communities and regions.

What are your thoughts?
Do you believe our county or any of our communities are distressed? What about northwest Ohio? Or do you think we’re doing OK?
What steps would you take toward improving the local economy?

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