Local Ownership Makes Communities Healthier, Wealthier and Wiser

Stacy Mitchell

Referencing a variety of studies, this Institute for Local Self-Reliance article argues that residents in areas with a high concentration of small, locally owned business are healthier and more politically engaged than those living in communities dominated by a few big firms. Local ownership increases social capital through community improvement especially in infrastructure, self-sustainability, and social ties. The article calls for grassroots efforts to overhaul giant retailers like Wal-Mart and Target and improve distressed neighborhoods through local ownership.

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