When you spend $100 at the chain Borders Books & Music, your purchase creates only $13 worth of local economic activity. That same $100 spent at locally owned book or record store generates $45, or more than three times as much local economic activity. That’s the conclusion of a new study conducted by Civic Economics and published by Livable City in Austin, Texas. … Read More
With much fanfare and, it seemed, the expectation of much praise, Wal-Mart unveiled plans in April for an "urban" style supercenter in downtown Dallas. The 220,000-square-foot supercenter would be situated on Mockingbird Lane in a residential neighborhood near Love Field. Unlike the standard suburban Wal-Mart, this one would feature a Spanish-style façade, landscaped gardens, underground parking, and a door that opened onto the sidewalk. … Read More
Steve Bercu, owner of Book People, a large independent bookstore in Austin, Texas, has been increasingly concerned about the decline of the city’s homegrown businesses. Like the rest of the country, Austin has seen as steady influx of national chains. Meanwhile, the local businesses so central to the city’s sense of place and character are disappearing. About a year-and-a-half ago, Bercu learned about the Boulder Independent Business Alliance (BIBA) in Boulder, Colorado and decided to replicate the approach in Austin. … Read More
