The Missouri town, reeling from protests, has a economic climate based on pay day loans and pawn stores, and thatвЂ™s part of the issue
FERGUSON, Mo. (MarketWatch) вЂ” If you drive the two-mile stretch of western Florissant Avenue which was the epicenter of almost fourteen days of protests and rioting within the aftermath regarding the authorities shooting of unarmed teenager Michael Brown, the thing that is first notice is the fact that there exists a great deal to get.
Traveling south from I-270 toward the townвЂ™s boundary at Lucas-Hunt path, you will 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” almost every national merchant you would ever guess.
By doing so, FergusonвЂ™s primary drag isnвЂ™t much different than virtually any company corridor within the heartland.
This is certainly, except for familiar banking names. Ferguson isnвЂ™t totally void of banking institutions. There is certainly a fantastic Southern Bank GSBC, +1.34% branch, an initial National 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.