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Lagging Cities

Erich Ferdinand/flickr

It’s a big country, which among other things means that something that generally characterizes the nation may not be pertinent to the conditions prevailing in dozens of communities. Here’s an example. We are now in the midst of the third longest economic expansion in U.S. history. The nation’s unemployment rate is at roughly a decade low, but as indicated by writer Jeffery Sparshott, nearly a third of America’s cities and suburbs have failed to regain all of the jobs they lost during the most recent recession.

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.