How Do You Sustain An Economy Outside Of The Energy Industry In A Boom Town?
During an energy boom, towns suddenly experience an influx of workers, who drown local commerce with business. But eventually, the coal or oil or gas or other minerals will run out, and towns need to prepare how to sustain their sudden economic fortune after the boom goes bust. Encourage local governments to use tax returns on oil and gas sales to invest in new municipal buildings, which will encourage a solid infrastructure where town officials can properly uphold the standards of the town and make the environment more appealing to potential permanent residents. Suggest developers create new housing developments with different levels of units, for instance, both condos and mobile home parks, so employees can find a place to settle and eventually stay with their families, even when the energy jobs disappear. Invest in tourism opportunities and amenities, and create annual events that recreationists from across the state or country might travel to experience. Not only will this bring in
