Tuesday, July 7, 2009

Rich County, Poor County

from the local paper:

Sarasota County is about to be designated an economic “recovery zone” because so many people have lost jobs and homes.

Considering this part of the Gulf Coast was one of the fastest-growing areas in the nation just three years ago, known for its waterfront mansions and wealthy socialites, the federal designation hardly seems possible. ...

The good news is that the U.S. Treasury will reimburse 45 percent of interest costs for local businesses and governments who borrow money in this new zone for job-creating projects. More...

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