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Forbes reports "Urban recovery needs small business"


In a recent article, Forbes reports that the backbone of a city's revitalization is the small business ecosystem. They state that small businesses such as coffee shops, grocery stores, and more are "the connective tissue that holds communities together."


Helping small businesses recover (and encouraging new entrepreneurs) isn’t just about making sure office workers get their coffees and happy hours. A pre-pandemic report by JP Morgan noted that small business growth in inner cities is critical to addressing unemployment. “The Big Impact of Small Businesses on Urban Job Creation: Evidence from Five Cities” found that in four of the five cities studied (Chicago, Dallas, Detroit, Los Angeles, and Washington, D.C.), small businesses created the most jobs.

Read the full article here.

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3 Comments


nytwordlehints
Sep 26, 2024

This piece provides a fresh and compelling take on the subject. wordle hint today

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John Smith
John Smith
Jul 24, 2024

It's important to recognize the impact of small businesses on urban job creation, as evidenced by the report from JP Morgan. I'd like to introduce a time card calculator that can help them effectively manage employee work hours and streamline payroll processes.

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dromond melody
dromond melody
Jul 17, 2024

It would appear that the individual who holds the position of president of Detroit Means is a young and talented person. All of us are in awe of his abilities. doodle baseball

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