That said, our leaders spend any aid money we get on 'tourism' which never pays off, but they don't learn.
There are bigger places in much worse shape. Youngstown, OH, population down to about 60,000. It was once a bigger industrial city. When the steel industry shut down, it lost its purpose. Plenty of industrial space is available if you have some use for it. Ohio and Pennsylvania have too many cities like that: Akron, OH; Erie, PA, Bethlehem, PA. Pittsburgh came back from losing its steel industry. Cleveland didn't.
[1] http://www.visitpikeville.com/ [2] http://www.pikevillemainstreet.com/
Not really. It's still down population almost 10% from 2000.
Losing Westinghouse was a gigantic loss--and it didn't need to happen. Westinghouse should have been a source for tech talent during the Dot Com boom to combine with CMU and Pitt students. Instead Pittsburgh was a technology desert in that same time (I remember trying to find WiFi hotspots there in 2000-2002 and people staring at me like I was from Mars).
All this in a town of only 7,000 people.
Population is increasing slowly; it's not a dying town. The town itself never had heavy industry; the mines were elsewhere. It's a service center for central Appalachia. Population within 20 miles is 110,000. The town's problem is that the area it services is losing population.
If you wanted to locate there, the local mall has about 30,000 square feet available. No coffee shop in the mall, but the mall has a supermarket-sized Texas Roadhouse. Eat more beef. AT&T offers 45mbps Internet in most of the downtown area.
[1] https://en.wikipedia.org/wiki/Pikeville_Cut-Through [2] http://eastkyexpo.com/AllEvents.html