Local News

Fruit Cove: Town in danger from financial crisis?

By
Tiffany Griffith
@ November 6, 2008 4:40 PM
Permalink | Comments (0)
As Wall Street struggles, it could take a St. Johns County suburb down with it.

That's according to a new BusinessWeek survey that looks at where people in the finance and real estate industry live. And of the top ten towns across the country that could be hit the hardest, Fruit Cove came in at #9.

"This is a bit of a change, because now you're seeing more affluent communities that might be in danger," says Real Estate Writer Prashant Gopal.

He added that 20% of Fruit Cove residents work within the finance and real estate industry, but he says the study also doesn't speak very highly of Jacksonville, either.

"Jacksonville will get impacted by this financial crisis, and a lot of the people working in those banks live in places like Fruit Cove."

Gopal says strengthening the real estate market will reduce the risk.

 

Towns in danger from the Financial Crisis:

(According to BusinessWeek)

1. Darien, Conn. (27.23% of population in finance and real estate industry)

2. Bloomington, Ill. (26.31% of population in finance and real estate industry)

3. Hoboken, N.J. (23.33% of population in finance and real estate industry)

4. West Des Moines, Iowa (22.15% of population in finance and real estate industry)

5. Garden City, N.Y. (20.22% of population in finance and real estate industry)

6. Summit, N.J. (19.74% of population in finance and real estate industry)

7. Westport, Conn. (19.39% of population in finance and real estate industry)

8. University Park, TX (18.83% of population in finance and real estate industry)

9. Fruit Cove, Fla. (18.76% of population in finance and real estate industry)

10. Wethersfield, Conn. (18.73% of population in finance and real estate industry)



Avg. rating: N/A

What others are saying

There are no comments yet. Be the first to post one!

send to a friend  view as printer-friendly  get widgets  RSS feeds
advertisement
advertisement

Marketplace

WOKV Marketing
Stay ahead of the storm. Find evacuation routes, safety tips and more in the Hurricane Guide.
Safe Touch Security Systems
In security, there's safe, then there is SafeTouch safe.
'Be Safe' vs. 'Feel Safe' .
powered by Kudzu From fast food to fine dining, find it all in our Local Business Directory .
powered by AutoTrader.com Shop for cars, find a dealer, and get the latest automotive news in our Local Car Buying Guide powered by AutoTrader.com
advertisement
Gas Prices

Before you fill up check out Jacksonville's lowest gas prices!
WJXT Partner

WOKV is a proud news partner of WJXT-TV 4
Fox News Partner

WOKV is a proud news partner of Fox News
Travel Channel
Need to get away or planning a vacation? Let us, and our partners at Travel Channel, help. Click here to find out more.
Become one of thousands who paid so little at Arlington Toyota