Fighting Off The Chains In Chicago

Traditional urban business district demonstrates the economic impact of local retail, restaurant, and service businesses.

1 minute read

October 26, 2004, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

Chicago's locally owned businesses generate 70 percent more local economic impact per square foot than chain stores, according to a new study.

"Chicago's locally owned businesses generate 70 percent more local economic impact per square foot than chain stores, according to a new study.

The study, conducted by the firm Civic Economics, analyzed ten locally owned restaurants, retail stores, and service providers in the Andersonville neighborhood on Chicago's north side and compared them with ten national chains competing in the same categories."

Thanks to Dan Houston

FULL STORY: Study Finds Independent Businesses Produce Bigger Economic Benefit

Thursday, October 21, 2004 in Home Town Advantage Bulletin

Community / Economic Development Illinois

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