Kent County, Michigan, home to Grand Rapids, is a key area to watch in the 2024 presidential election. The county flipped for Biden in 2020 after voting for Trump in 2016, indicating a shift in political sentiment.
Home prices in Grand Rapids have nearly doubled since the pandemic, with a recent county survey finding 25% of households spending at least 30% of their income on housing. This reflects a tight housing market, with demand exceeding supply, particularly for single-family homes.
While the area once enjoyed a booming job market, with unemployment rates as low as 2.6%, Grand Rapids is currently experiencing a manufacturing downturn, pushing the unemployment rate up to 4%. This downturn is fueled by uncertainty about the future of electric vehicles (EVs), impacting manufacturing industries reliant on auto parts and furniture.
The region's reliance on family-owned businesses, a historical strength, is also posing challenges. With a reluctance among heirs to take over their parents' firms, there are concerns about these businesses being acquired by companies less loyal to the region.
Erie County, Pennsylvania, located in Western Pennsylvania, presents a different economic landscape compared to its neighbor, Pittsburgh.
Erie County is characterized by a "managed decline," struggling with the decline of old industries. While new facilities for plastics and biofuels have emerged, the region lags behind Pittsburgh's thriving postindustrial economy driven by knowledge and medical workers.
The Pennsylvania economy exhibits a stark division between its eastern and western regions. The eastern region is heavily tied to Philadelphia, while the western region shares similarities with Ohio. This economic divide could potentially favor Republicans in the 2024 presidential election, a trend seemingly recognized by the Trump campaign.
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