Do Small Towns Need Stores Case Study
Do Small Towns Need Stores?
According to Amy Liu(2016), Vice President and Director of the Brookings Metropolitan Policy Program. “Today, local and regional economic development remains a patchwork of important innovations and legacy practices at a time when the global economy is fast-moving and not working for most people.” As stated by Liu, local and regional economic development remains an important innovation of the time at hand. New development is essential for the growth of the global economy so that the market can stay working for more people than what it has in the past. . A new chain store is moving to a smaller town in Morgan County, Ohio. A Family Dollar is moving to the small town named Stockport. Many locals are highly skeptical …show more content…
In a small town when a store came around the store could be a basis for new changes to come to the way the businesses around the town operate. Creating competition that uses an innovative way to do things would create the need for the other businesses in town to improve in their service, products, and how they do things on a normal basis. The more competition the town has more stores will start to move into town and try to compete against every other store in town. According to the U.S Chamber of Commerce Foundation(2016), “The states and regions that lead the transformation to the knowledge- and technology-based economy currently have enormous advantages.”. As stated by the U.S Chamber of Commerce Foundation states that have let the idea of knowledge and technology take over how the economy is ran is advantageous for the communities surrounded. I think the Stockport would gain huge advantages from letting their economic life become more controlled by new technology and innovations in the town. Not only would new innovation help the way the economy grows as a whole in such a small town but it would also give more opportunity for new jobs to relocate to a more local position because they will want a part of the …show more content…
If people start to notice the opportunities that even such a small town could offer. A snowball effect could take place in the town. Manufacturers, retailers, and restaurants could start to notice the benefits of being exclusive to a small town. Relating back to how very little jobs can even affect a small community the amount of jobs coming to the town would make growth for the town inevitable. The occupants of the town would be able to afford to expand living conditions, they could expand how much ‘fun’ is possible in the town making way for new businesses to come along and fill the spaces for recreational activities in the town. According to Kenneth Johnson, Professor in sociology at the University of New Hampshire, “Businesses now have more opportunities to select rural locations and enjoy their perceived advantages: lower labor and land costs, less unionization, access to an underutilized labor force, lower housing costs and a more relaxed lifestyle likely to attract and retain employees.”. As stated my Johnson businesses can now more freely choose more rural areas to expand to and be able to have a comfortable environment to operate in because of the benefits that a small community contributes. This supports the claim because once a single business moves into
According to Amy Liu(2016), Vice President and Director of the Brookings Metropolitan Policy Program. “Today, local and regional economic development remains a patchwork of important innovations and legacy practices at a time when the global economy is fast-moving and not working for most people.” As stated by Liu, local and regional economic development remains an important innovation of the time at hand. New development is essential for the growth of the global economy so that the market can stay working for more people than what it has in the past. . A new chain store is moving to a smaller town in Morgan County, Ohio. A Family Dollar is moving to the small town named Stockport. Many locals are highly skeptical …show more content…
In a small town when a store came around the store could be a basis for new changes to come to the way the businesses around the town operate. Creating competition that uses an innovative way to do things would create the need for the other businesses in town to improve in their service, products, and how they do things on a normal basis. The more competition the town has more stores will start to move into town and try to compete against every other store in town. According to the U.S Chamber of Commerce Foundation(2016), “The states and regions that lead the transformation to the knowledge- and technology-based economy currently have enormous advantages.”. As stated by the U.S Chamber of Commerce Foundation states that have let the idea of knowledge and technology take over how the economy is ran is advantageous for the communities surrounded. I think the Stockport would gain huge advantages from letting their economic life become more controlled by new technology and innovations in the town. Not only would new innovation help the way the economy grows as a whole in such a small town but it would also give more opportunity for new jobs to relocate to a more local position because they will want a part of the …show more content…
If people start to notice the opportunities that even such a small town could offer. A snowball effect could take place in the town. Manufacturers, retailers, and restaurants could start to notice the benefits of being exclusive to a small town. Relating back to how very little jobs can even affect a small community the amount of jobs coming to the town would make growth for the town inevitable. The occupants of the town would be able to afford to expand living conditions, they could expand how much ‘fun’ is possible in the town making way for new businesses to come along and fill the spaces for recreational activities in the town. According to Kenneth Johnson, Professor in sociology at the University of New Hampshire, “Businesses now have more opportunities to select rural locations and enjoy their perceived advantages: lower labor and land costs, less unionization, access to an underutilized labor force, lower housing costs and a more relaxed lifestyle likely to attract and retain employees.”. As stated my Johnson businesses can now more freely choose more rural areas to expand to and be able to have a comfortable environment to operate in because of the benefits that a small community contributes. This supports the claim because once a single business moves into