Alexandria is a good place to weather a recession — potentially good news on a day in which the Dow plummeted more 2,000 points at one point.
The city ranked No. 23 on a new list of the 25 “Most Recession-Resistant Cities” in 2020, according to the website SmartAsset. Nearby Arlington ranked No. 15 on the list.
Alexandria and others on the list — Frisco, Texas was No. 1 — were ranked on the basis of employment, housing and social assistance available to residents.
“The Great Recession wreaked havoc on the U.S. economy, with unemployment peaking at 10.1% in October 2009,” a SmartAsset spokesperson said, in introducing the rankings. “Not all cities, however, were hit equally by this economic crisis and some are better equipped to weather the next downturn.”
Federal employment and growth spurred by Amazon’s HQ2 should help cushion blows from a new recession in Alexandria, though the last major downturn — the Great Recession of the late aughts — did have negative impacts on small local businesses and nonprofits.
Recent Stories
It’s been a busy week in Alexandria. Just days after Alexandria’s City Council voted unanimously to ditch single-family-only zoning, Mayor Justin Wilson announced that he would not be running for…
The days of digging through archives by address to find a historical report on a building in Alexandria could, themselves, be a thing of the past. Anyone can now easily…
Friends of Guest House needs pajamas and cozy socks for their female residents who are transitioning back to the community from prison. Realtor Maureen Clyne started the annual effort four years ago…
A 4 BD/2.5 BA home with a gas fireplace, patio and a large landscaped yard is included in Just Listed.
Get ready to Shake, Rattle and Roll with this one-of-a-kind, high-octane rockabilly concert experience! Rockabilly Rumble is the all-new, musical experience celebrating the southern rock music that exploded on the scene in the 1950s. Organized by Alexandria City High School Alum and pro-musician Sam C. Jones, this band of world-class performers will have you dancing in your Blue Suede Shoes all night long with songs made famous by Bo Ridley, Carl Perkins, Roy Orbison, Buddy Holly, Johnny Cash, Elvis Presley and more. Relive their most popular hits, along with some forgotten gems. “Rockabilly Rumble” is a dance-worthy, foot stomping evening you’ll never forget!
This show is 21+ only.
YOU MUST HAVE A VALID PHYSICAL ID. A PICTURE OF YOUR ID IS NOT ACCEPTABLE.
Unwrap the magic of Black Friday and Small Business Saturday all weekend at Current Boutique! Dive into luxury with exclusive deals on pre-loved designer treasures, celebrating sustainable fashion with every purchase. Whether in-store or online, indulge in guilt-free glamour and support local businesses. ✨🛍️👗
💥 Sale: 25% off everything & 50% off tall boots
📅 Date: Friday November 24 – Sunday November 26
Christmas Through The Ages
Christmas Through The Ages – Join the Washington Men’s Camerata, and Guest Director Scott Tucker for a program of Christmas and holiday music spanning the centuries through today, featuring the music of Bach, Lauridsen, Abbie Betinis, and many others.
