Hit hard by the recession, Moraine's economy returns to former glory

Hit hard by the recession, Moraine's economy returns to former glory

admin June 7, 2019

Originally posted by http://feeds.bizjournals.com/~r/industry_20/~3/crDIlfhJyTc/hit-hard-by-the-recession-moraines-economy-returns.html

At the height of the Great Recession, the city of Moraine was a microcosm of the economic downturn that plagued the country. A decade later, the city is a shining example of how communities can recover from economic crises.

Over a seven-year period, the city lost more than 7,000 jobs when major employers such as GM, Delphi and Elder-Beerman, along with many of their suppliers, skipped town. When unemployment hovered around 11 percent in Montgomery County, Moraine accounted for a full percentage…

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