LOCAL SHOPPING People living on low incomes, or who are in a financially precarious position, often make buying decisions based on price, and therefore most of their spending dollars go to international ‘big box’ businesses, which therefore leave the local economy.
LOCAL ECONOMIC ACTIVITY Small businesses are closely tied to the local economy both as drivers and as dependents. If the local economy is threatened, small businesses lose their ability to thrive and become unable to be drivers of economic activity.
RISK FOR ENTREPRENEURS Small businesses are subject to many external factors, and things beyond an entrepreneur’s control can quickly spell […]
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