Locally owned small businesses pack powerful economic punch
Thinking small and local, not big and global, may help communities ignite long-term economic growth, according to Penn State economists.
Small, locally owned businesses and startups tend to generate higher incomes for people in a community than big, nonlocal firms, which can actually depress local economies, said Stephan Goetz, professor of agricultural and regional economics.
"Local ownership matters in important ways," said Goetz. "Smaller, locally owned businesses, it turns out, provide higher, long-term economic growth."
The association of small businesses ...






