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AttachmentG communities help neighborhoods thrive and develop. Innumerable merchants and residents are enormous assets to a thriving urban e Locally owned businesses are crucial to the vitality of our econ percentage of their resources in the local economy by procuring the local area. Locally-owned businesses recirculate dollars in stores send revenues to corporate headquarters. A 2004 study fou locally owned businesses, $68 stayed in the local economy while circulate locally. The local owners tend to live in the communit 29 as likely to use local supply networks, and contribute more to l Small businesses are the engines of local economic development, l 30 change, and are more productive than large chains. In New York City, small retail businesses are a particularly important means of economic and social advance Even if Wal-Mart imitates the appearance of our small business r small outlets, it will still operate as a global monopoly with t same low wages and substandard labor policies. Our observations about the critical importance of locally-owned among those who have studied urban economies in depth. According University, States with a higher percentage of very small busine less, have a more productive workforce and higher levels of GDP levels of very small businesses. Furthermore, states that are ri lower rates of unemployment. Wal-Mart is trying to take advantage of the current economic dow immediate infusion of jobs and investment dollars in city neighbo by the recession. Considering the body of independent research t Marts negative long-term impacts on local economies, it would b destructive retail monopolist to enter the New York City market creation. Lastly,Wal-Mart typically sells promotable products below their cost as 32 customers. Wal-Mart has the ability to lower these prices, even if it mean 33 to ten years, something small businesses cannot afford. After driving out competition, the Page25of95