Lexington is the home of the University of Kentucky. Lexmark shuttering their plant wouldn’t be _good_ for the economy, but Lexington is first and foremost a “college town.”
The same is true of Rochester, NY, where Xerox came out of. I went to school there. In the old days the university fed into local employers (Xerox, Kodak), but now it's a college town where the university and its med school hospital is a big employer but there is huge wealth disparity, and not a lot of opportunity for the large population that is less educated and not affiliated with the school. Not a great situation.
asveikau|1 year ago