The Missouri city, reeling from protests, includes a economic climate based on pay day loans and pawn stores, and that is area of the issue
FERGUSON, Mo. (MarketWatch) вЂ” If you drive the two-mile stretch of western Florissant Avenue that has been the epicenter of almost fourteen days of protests and rioting within the aftermath for the authorities shooting of unarmed teenager Michael Brown, the thing that is first notice is that there exists a great deal to purchase.
Traveling south from I-270 toward the townвЂ™s boundary at Lucas-Hunt path, you can find a dozen fast-food restaurants вЂ” Taco Bell, McDonaldвЂ™s MCD, +0.64% , DominoвЂ™s DPZ, -0.12% , ArbyвЂ™s вЂ” and a Target TGT, +0.50% , Walgreens XE:WGN , Dollar General DG, -0.13% , SamвЂ™s Club, Wal-Mart WMT, +0.66% вЂ” pretty much every retailer that is national can see right now.
By doing so, FergusonвЂ™s main drag isnвЂ™t much different than just about just about any company corridor within the heartland.
That is, with the exception of familiar banking names. Ferguson isnвЂ™t completely void of banking institutions. There clearly was a good Southern Bank GSBC, +1.34% branch, an initial nationwide Bank as well as 2 credit unions. Bank of America Corp. BAC, +1.77% , U.S. Bancorp USB, +0.61% and United Missouri Bank UMBF, +2.69% have actually automated teller devices over the strip. But also for branches, youвЂ™ll need to head to neighboring Florissant.
J.P. Morgan Chase & Co. JPM, +0.57% , Citigroup Inc. C, +1.44% and Wells Fargo & Co. WFC, +1.19% donвЂ™t operate branches within the St. Louis area. They feature brokerage and home loan solutions, but those workplaces have been in affluent areas of the county as well as in the town of St. Louis.
Having said that, you can find sufficient economic solutions in Ferguson. ACE money Express runs two branches in the thoroughfare. Continue reading “MarketWatch web Site Logo a web link that brings you back again to the website.”