Photo Galleries
Coolest innovations around the world From flying cars to floating schools, these innovations are improving the lives of people around the world. More
6 luxury getaways to escape your digital life Step away from your smartphone. No Facebook or Twitter here. These are six places where luxury travel agents send clients looking to unplug and experience the ultimate digital-detox getaway. More
Most reliable cars - Consumer Reports These cars, trucks and SUVs scored best in the magazine's latest survey of vehicle owners. More
Special Offer

Back from the dead

The decline of major American industries such as steel, textiles, and tobacco threatened to turn these six towns into economic wastelands. Instead, local officials sought out new industries, reinventing their towns as meccas for biotech, software development, and telecoms.

1 of 6
BACK NEXT
Bethlehem, Pa.
Bethlehem, Pa.
This former steel city is remodeling itself into a high-tech player. Manufacturing giant Bethlehem Steel, once one of the largest steel producers in the U.S., employed as many as 167,000 people in its heyday. By the mid-`80s that number had plummeted to 35,000 as the cost of doing business and competition from foreign producers took their toll. The company shut down its Bethlehem plant in 1995 and closed for good in 2003.

The town has since transitioned to a tech-based economy, nurtured by the presence of major hospitals and colleges. The state aggressively courts new businesses via programs like Ben Franklin Technology Partners, which helps start-ups find funding and qualified staff. Meanwhile, the old Bethlehem Steel property is being converted into a luxury entertainment complex that will feature shopping, dining, a hotel and casino.


NEXT: Worcester, Mass.
Last updated March 26 2008: 3:40 PM ET

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.