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Updated over 6 years ago, 07/05/2018
time people commute to work
I am trying to determine the "economic anchor" of my market. An economic anchor is something that supports the local economy and is not going anywhere even during an economic downturn.
Question: Hypothetically speaking, if the average commute to work of residents who live in a desired market is 25 minutes and a major university or hospital is 23 minutes away, but is located in the next town over... can the hospital or university still be considered an economic anchor?
Thank you,
Jason