Economic Impact
30 articles
What Are The Benefits of Supporting Local Businesses?
For every $100 spent at a locally-owned business, $73 remains directly within the local economy, significantly boosting community wealth.
Black Restaurant Week Western New York Showcases Over 30 Businesses
This year, 33 Black-owned restaurants and food businesses in Buffalo are participating in Black Restaurant Week, a significant increase underscoring a growing community effort to support local culinar
What are the benefits of supporting local businesses for community resilience?
During the pandemic, the sudden collapse of global supply chains left countless communities facing empty store shelves and economic instability, a stark reminder of their inherent fragility.
What Are the Benefits and Challenges of Supporting Local Businesses?
For every $100 spent at a local independent business, nearly half — 48% — is recirculated directly back into the local economy.
Local funding for community events and public services faces an uncertain 2026 future.
Over the past year, Iola's Bowlus Fine Arts Center hosted 40 major events, drawing visitors from 11 states and serving over 10,000 patrons.
Major Events Drive Local Spending, But Community Spirit Needs Nurturing
Airbnb reported that more people rented out their homes during the 2026 World Cup in Massachusetts than during the 2024 Paris Olympics, a surprising turn that underscores the immediate, grassroots eco
What Are Food Deserts and Why Do They Matter for Health and Economy?
In the United States, average life expectancy at birth is nearly five years lower in low-income communities with limited access to healthy food compared to high-income areas with abundant access.
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.