Economic Impact
28 articles
Remote Work's Housing Market Impact: New Hotspots, Old Problems Emerge
The median price for a single-family home in New Hampshire soared to $535,000 in 2025, a staggering 78% increase from 2019, as remote workers sought refuge from major cities.
Muller Insurance's digital shift negatively impacts local community
After 75 years as a community fixture, Muller Insurance announced the closure of its main local branch, laying off 50 employees despite reporting record profits last quarter.
What Is the Historical Significance of Local Landmarks?
Rehabilitation projects create 186 jobs elsewhere in the economy for every 100 jobs generated by new construction, according to the Preservation Society.
Hollywood's 2026 property tax proposal to fund essential services
A small, independent film studio on Sunset Boulevard, already grappling with rising production costs, estimates an additional $50,000 annual property tax burden under the new proposal, forcing it to c
World Cup 2026 Promises Huge Economic Impact for Local Businesses
Atlanta has already recorded more than 200,000 hotel room nights booked for the FIFA World Cup 2026 tournament, indicating a significant influx of visitors.
Lehigh University boosts Lehigh Valley impact in 2026
In FY 2023–24, Lehigh University injected an astonishing $376.
Local Government Operations and Citizen Participation
Community opposition to local projects, often driven by a vocal few, has cost America over $1 trillion annually in the past decade.
Santa Monica's Tourism Boom Threatens Neighborhoods, But a Solution Exists.
Despite generating an estimated $917 million in annual spending for its local economy, Santa Monica faces a projected structural General Fund operating deficit of $29.
What are the benefits and challenges of historic preservation?
Only about 40 of the original 540 structures remain in Houston's Freedmen's Town district, a stark reminder of what proactive preservation prevents, according to Kinder .
Role of Local Health and Human Services in Community Well-being?
Every dollar invested in local public health generates a $5.
Indiana small businesses recognized for economic impact
Indiana companies in their first five years account for a staggering 74% of the state's net new job growth, demonstrating a robust economic engine fueled by nascent enterprises.
What Is Zoning and How Does It Affect Housing Affordability?
In 36 states, rising zoning regulations directly correlate with increasing real average home prices, making housing less accessible for millions.
What is Heritage Tourism and Why Does it Matter for Local Societies?
$1.3 billion in taxes and over 105,000 jobs: that's the annual economic footprint of heritage tourism in Virginia alone, according to heritage tourism data. This sector, driven by visits to historical
What Are the Benefits of Supporting Local Tourism for Residents?
In 2025 alone, travel spending in California soared to an incredible $158.
What is the role of local business associations in community development?
For every dollar spent at a local independent business, 48 cents is recirculated directly back into the local economy.
Kosciusko County tourism generated $95.8M economic impact
In 2025, Kosciusko County, famous for its serene lakes, welcomed 2 million visitors.
San Diego's Arts Funding Cuts Threaten Community and Economy
San Diego Mayor Todd Gloria has proposed slashing arts funding from $13.
City events in 2026 could cripple small businesses without better planning.
The 2006 German World Cup generated 2.
Best of the Bay Awards Boost Shelton Manor Businesses
A tiny, family-run bakery in Shelton Manor, previously unknown outside its block, reported a 300% surge in sales within a week of winning 'Best Artisan Bread' at this year's Best of the Bay Community
Pittsburgh Groups Spotlight Black-Owned Businesses During NFL Draft Weekend
After a dispute over event permits, Pittsburgh's 'Draft Bash' — set to feature 43 Black- and minority-owned businesses — received city approval, ensuring a significant economic spotlight during the 20
Silver City National Avenue construction impacts businesses in 2026
Three small retail shops on Silver City's National Avenue have permanently closed in the last month, citing construction impact, reports the Silver City Gazette .
OKC Events Drove $2.8 Billion to Businesses Last Year.
Direct visitor spending in Oklahoma City hit an impressive $2.
Oregon Wine Industry's Economic Impact Grows Amid Shifts
While the number of Oregon wineries dropped 6% last year and total cases sold fell by 4%, the industry still generated an estimated $8.
Arts Projects: Economic Catalysts & Community Investment
Michigan City's Artspace project just landed a staggering $988,013 in immediate tax credits and an extra $400,000 in supplemental funding.
Local businesses recirculate over 3 times more cash than chains
For every dollar consumers spend at a local independent business, nearly half — 48 cents — is recirculated directly into the local economy, a significant boost to community wealth and job creation.
Energy Costs Surge, Raising Business Spending Concerns Amid Inflation
Gasoline prices jumped a staggering 21.
Florida's 2026 arts funding cuts threaten community, economy.
In Florida, Governor Ron DeSantis's proposed 2026-27 budget recommends zero funding for Arts and Culture grants, signaling a stark withdrawal of public support for vital community institutions.
Why Supporting Local Businesses Matters: Benefits, Challenges, and Economic Impact
Small local businesses are the largest employers nationally, creating two out of every three new jobs. This article explores the tangible economic benefits, real-world challenges, and broader community impacts of choosing local.