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AttachmentG 26 most. Take a stroll down neighborhood retail strips in Washington He New York and its clear that these are the products most commonly shops in New York City. Another study that examined the impact of new Wal-Mart stores in country found that Wal-Marts entry had substantial negative imp consumer staples by local vendors: In the year following entry, sales decline of 40% and supermarkets suffer a median sales decl experience a much smaller median decline of 6%. This magnitude o 27 consistent with prior research Small locally-owned businesses are not the only Wal-Mart victims. discount retailers also suffer from Wal-Marts manipulation of p dataset of Wal-Marts effect on previously existing discount ret 28 small discount stores closed after Wal-Marts arrival. The unfortunate result is a reduction of competition and many empty storefronts. Independently owned local businesses are an essential part of Ne residential neighborhoods. Chain stores are concentrated in a fe heavily-trafficked parts of Midtown and Lower Manhattan, while i predominate in most of the rest of the city. Independent retaile dense commercial districts serving immigrant communities, in Flu Sunset Park (Brooklyn), Melrose (The Bronx) and Washington Heigh As Jane Jacobs observed in her classic work The Death and Life of Great American Cities: Commercial diversity is, in itself, immensely important for cit economicallywherever we find a city district with an exuberant commerce, we are apt to find that it contains a good many other including variety of cultural opportunities, variety of scenes, population and other users. This is more than a coincidence. (p The benefits of the small business economy are clear to see in d where small business has served as the engine of neighborhood gr emergence of a uniquely diverse urban center that attracts resid the city and region. Linkages among small businesses strengthen hard times. Linkages between small businesses and civic and soci Page24of95