Locally owned businesses can help communities thrive — and survive climate change

Date: 26 Apr 2013 | posted in: Retail | 0 Facebooktwitterredditmail

Cities where small, locally owned businesses account for a relatively large share of the economy have stronger social networks, more engaged citizens, and better success solving problems, according to several recently published studies.               … Read More

Local Ownership Makes Communities Healthier, Wealthier and Wiser

Date: 18 Jul 2012 | posted in: Retail | 5 Facebooktwitterredditmail

Most policymakers don’t imagine that their economic development decisions will affect such things as voter turnout or the prevalence of chronic disease. But a growing body of research is finding that scale and ownership of business matter in ways that extend far beyond economic outcomes.               … Read More

Wal-Mart Destroys Social Capital, Study Finds

Date: 22 Jan 2007 | posted in: Retail | 2 Facebooktwitterredditmail

"Our results indicate that the presence of Wal-Mart depresses social capital stocks in local communities," concluded Goetz and Rupasingha in their study, which was published by the American Journal of Agricultural Economics. The implications include both a weakened social fabric and "real costs for communities in the form of reduced economic growth."

The study examined both communities in which new Wal-Mart stores were built in the 1990s and those that already had a Wal-Mart at the beginning of the decade. The study controlled for other variables known to affect social capital stocks in a community, such as educational attainment.

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