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Electrical vehicles are creating a brand new financial system and leaving some cities behind
Touch upon this story Remark BELVIDERE, In poor health. Early final yr, employees at a Jeep plant right here hoped their manufacturing facility can be transformed to an electrical automobile facility because the auto business revamps itself for a inexperienced power future. Engineers got here to take measurements for a doable rebuild and rumors unfold that electrical sports activities vehicles had been on the agenda. However these hopes had been dashed final month when the mum or dad firm, Stellantis, ended manufacturing on the 58-year-old plant and laid off about 1,200 employees, tearing out the guts of this small city 70 miles northwest of Chicago. The choice, which is now…
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On the lookout for an reasonably priced starter dwelling within the Twin Cities? Good luck.
Twin Cities starter properties appear to be they’ve by no means been dearer. Or elusive. Final 12 months, sellers listed simply 20,000 properties reasonably priced to most first-time consumers and empty nesters. That is half of 4 years earlier and the fewest in a long time, in keeping with a Star Tribune evaluation of knowledge from Minneapolis Space Realtors. This decline coincides with rising costs for move-in properties priced above $400,000. “Each home underneath $300,000 sells earlier than we even see it,” mentioned 35-year-old father of three Robert Briggs. For years, she’s saved money for a down fee, however struggles to discover a dwelling that will not change into a…
