Rust Belt


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Rust Belt

or

Rustbelt,

economic region in the NE quadrant of the United States, focused on the Midwestern (see MidwestMidwest
or Middle West,
region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians and the Rocky Mts.
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) states of Illinois, Indiana, Michigan, and Ohio, as well as Pennsylvania. The term gained wide use in the 1970s as the formerly dominant industrial region became noted for the abandonment of factories, unemployment, outmigration, the loss of electoral votes, and overall decline. Since the 1960s, manufacturing cities throughout the Great Lakes region and in the Northeast have suffered a decline in population and economic strength as manufacturers relocated, primarily to the Sun BeltSun Belt
or Sunbelt,
southern tier of the United States, focused on Florida, Texas, Arizona, and California, and extending as far north as Virginia. The term gained wide use in the 1970s, when the economic and political impact of the nation's overall shift in
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, overseas, or more recently, to Mexico. Meanwhile, the nation as a whole has shifted toward a service economy. Detroit, although still one of the world's largest manufacturing centers, has been especially hard hit and unable to reduce its dependence on the manufacturing sector. Suburban flight induced by the decline of the central city has been dramatic in large cities such as St. Louis and Cleveland, as well as smaller cities like Gary, Ind., and Akron, Ohio. By the 1980s, the economy of some Rust Belt cities had noticeably improved after the introduction or expansion of non-manufacturing industries. Pittsburgh, initially devastated by cutbacks in its steel industry as early as the late 1950s, has since emphasized its role as a center for research and development and finance.
References in periodicals archive ?
Midwest and Rust Belt metros that have been able to build up new industries outside of manufacturing, such as Pittsburgh (No.
No official definitions exist for the Rust Belt, the industrial Midwest, or the industrial heartland, despite frequent use of these terms and abiding interest in the region.
"We're actually with Paris on this." In fact, the majority of Rust Belt states are also.
Trump largely owed his victory in the 2016 presidential election to his wins in three key Rust Belt states -- Michigan, Pennsylvania and Wisconsin -- that had not backed a Republican for president since the 1980s.
With a strong interest in Rust Belt states as well as the Midwest, Southeast and Mid-Atlantic regions, the team at Tecum Capital supports independent sponsors, family offices, private equity funds, and management teams to facilitate recapitalizations, buyouts, generational transitions, acquisitions, and other growth capital needs.
Despite Le Pen's success in making it to the second round of the presidential election, the National Front (FN) has struggled to make deeper inroads beyond the northern rust belt and southern regions, where concerns about immigration run high.
* The 10 most prosperous cities are concentrated in the South and West (California has four), while the 10 most distressed cities are concentrated in the East and, especially, the Upper Midwest (aka the Rust Belt).
Finally, the white working-class voters who backed Obama in the Northern rust belt states decided Donald Trump would do a better job of improving their lives.
Finally, the white working class voters who backed Obama in the rust belt states decided Trump would do a better job.
The economy and the candidates' competing visions for the future could be critical in swaying voters in ailing Rust Belt states like Ohio, Pennsylvania and Michigan.
Being in the Rust Belt, "we have tons of people [in the area] who know how to build things," said Justin Berger, a product developer at First-Build, and previous events have seen people attend from as far away as Chicago.