Urban businesses have long been a driving force behind the United States' growth and prosperity. Cities have historically attracted businesses and investments due to their access to labor, infrastructure, and markets. Small businesses, in particular, have thrived in urban settings by providing niche services, creating jobs, and fostering innovation. However, recent trends have seen a shift toward suburban areas and the rise of remote work, presenting new challenges and opportunities for both urban small businesses and larger economic development efforts. As urban landscapes evolve, small businesses remain crucial to maintaining vibrant, diverse local economies.
Source: Wingard, J. (2021). The future of cities: urban recovery needs small business. Forbes. https://www.forbes.com/sites/jasonwingard/2022/08/30/the-future-of-cities-urban-recovery-needs-small-business/
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