Fighting Off The Chains In Chicago

Posted by: Abhijeet Chavan
Thanks to: Dan Houston

26 October 2004 - 12:00pm

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

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."

Full Story: Study Finds Independent Businesses Produce Bigger Economic Benefit

Source: Home Town Advantage Bulletin, October 21, 2004