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.
Tag Archives: social capital
Local Ownership Makes Communities Healthier, Wealthier and Wiser
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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.