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Local Business

Local businesses — also called neighborhood businesses — are typically small retail shops owned and operated by local residents or families. These businesses include hair salons, barbershops, restaurants, coffee shops, gift shops, antique stores, pet shops, entertainment venues, and more. In addition to meeting customer needs and providing jobs, these businesses are valuable because the owners are more likely to spend their earnings in the community, stimulating the local economy.

Reading Terminal Market, Philadelphia PA

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The Importance of Small Business (Innovation Connector)
The Community Impact of Local Business (NRF)