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German town follows in Pittsburgh's footsteps

According to Bloomberg Businessweek, Bochum, Germany is taking a page out of Pittsburgh’s history books to recover from an industrial collapse. 

After World War II, the city was rebuilt on mining and steel production and later turned to manufacturing. Now, the city is turning to technology and healthcare, much like Pittsburgh, to reconstruct the economy.

At the helm of Bochum’s revival is the city’s largest employer, Ruhr University. With a focus on information science and healthcare, the university intends to mold Bochum into a science hub. 

Uwe Neumann, a regional economy researcher at the Rheinisch-Westfaelisches Institut fuer Wirtschaftsforschung e.V. institute in nearby Essen says that it’s easy to compare Pittsburgh and Bochum. 

“The location and the population have proven adaptable. The all-hands-on-deck mentality and the willingness to take your destiny into your own hands play a very important role and are a significant advantage,” Neumann says.
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