and then take a moment to visit CoolTown Studios' brief summary of the study from which it was taken. The Urban Conservancy and Civic Economics joined forces to look at two models of New Orleans redevelopment-- one concentrating on local merchants in an urban setting and the other a suburban plan largely devoted to chain stores.
Regular NAC readers can presumably predict the results but more relevant information is always a good thing.
Check out this zinger:
Another conclusion of the study: If New Orleans consumers were to shift 10% of all retail activity from chains to locals, the result would be the equivalent of injecting an additional $60 million annually into the local economy in the form of recirculated dollars that would otherwise have left the area, and $235 million regionally.
It's reminiscent of the number crunching we published previously when looking at local food and grocery distribution.