Terry Clower (’92 M.S., ’97 Ph.D.), director of UNT’s Center for Economic Development and Research and associate professor of applied economics, was quoted in an Oct. 23 Yahoo! News article from Business Week online about the U.S. metro areas least affected by the recession. Seven of the top 10 least affected areas are in Texas. “It’s perceived as a low-cost place to do business,” Clower says. “Because housing is affordable, the wage rates reflect that.”