Like other Rust Belt cities, Utica underwent an economic downturn beginning in the mid-20th century. The downturn consisted of industrial decline due to offshoring and the closure of textile mills, population loss caused by the relocation of jobs and businesses to suburbs and to Syracuse, and poverty associated with socioeconomic stress and a depressed tax base. With its low cost of living, the city has become a melting pot for refugees from war-torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy.