Business Retention

Business Retention is the rate of growth or decline in the number of neighborhood businesses over time. A negative number means that the neighborhood lost businesses between 2012 and 2011. A positive number indicates that the neighborhood gained businesses in 2012 compared to 2011. The larger the absolute number, the greater the number of businesses that opened or closed. Business retention was calculated using data to from the U.S. Census.

Business retention is related to the health of the local economy. A decline in business growth is an indicator of recession. A poor local economy is related to with increased long-term sickness. Recession is related to negative health outcomes such as poor mental health. Business Retention is included in the Economic Health domain.

Neighborhoodsort descending Indicator Value Rank
Armatage -1.1% 65
Audubon Park 1.3% 45
Bancroft 1.1% 53
Beltrami 6.2% 10
Bottineau 7.0% 4
Bryant -0.7% 64
Bryn - Mawr 0.6% 55
Calhoun Area Residents Action Group (CARAG) 2.3% 38
Camden Industrial 1.2% 49
Cedar - Isles - Dean 4.0% 23
Cedar Riverside -4.7% 82
Central 3.1% 31
Cleveland 1.3% 45
Columbia Park 2.6% 35
Como 5.4% 16
Cooper 4.7% 21
Corcoran 3.5% 27
Diamond Lake 1.4% 44
Downtown East -15.2% 87
Downtown West -14.3% 86
East Calhoun (ECCO) 5.4% 16
East Harriet -1.2% 66
East Isles 3.4% 29
East Phillips 8.1% 2
Elliot Park -0.0% 58
Ericsson 5.8% 13
Field -1.6% 70
Folwell 1.3% 45
Fulton -0.4% 59
Hale 1.7% 40
Harrison -1.5% 69
Hawthorne 0.6% 55
Hiawatha 5.5% 15
Holland 7.0% 4
Howe 5.0% 20
Humboldt Industrial Area -0.5% 61
Jordan -1.6% 70
Keewaydin 1.7% 40
Kenny -1.6% 70
Kenwood 1.2% 49
King Field -1.2% 66
Lind - Bohanon -0.5% 61
Linden Hills 2.7% 34
Logan Park 7.0% 4
Longfellow 5.3% 19
Loring Park 1.7% 40
Lowry Hill -1.9% 75
Lowry Hill East 4.0% 23
Lyndale 2.9% 33
Lynnhurst -1.7% 74
Marcy Holmes -2.5% 77
Marshall Terrace 2.6% 35
McKinley 1.3% 45
Mid - City Industrial 5.4% 16
Midtown Phillips 8.1% 2
Minnehaha 4.0% 23
Morris Park 1.7% 40
Near - North -2.2% 76
Nicollet Island - East Bank 5.7% 14
North Loop -3.6% 80
Northeast Park 6.2% 10
Northrop 2.3% 38
Page -0.4% 59
Phillips West 96.4% 1
Powderhorn Park 1.1% 53
Prospect Park - East River Road -7.3% 84
Regina -2.9% 78
Seward 4.0% 23
Sheridan 7.0% 4
Shingle Creek -0.5% 61
St. Anthony East 6.4% 9
St. Anthony West 6.2% 10
Standish 3.5% 27
Steven's Square - Loring Heights 3.4% 29
Sumner - Glenwood (Heritage Park) -3.1% 79
Tangletown -3.9% 81
University of Minnesota -7.3% 84
Ventura Village 3.0% 32
Victory 1.2% 49
Waite Park 2.6% 35
Webber - Camden 1.2% 49
Wenonah -5.7% 83
West Calhoun 6.7% 8
Whittier 4.2% 22
Willard - Hay -1.6% 70
Windom -1.2% 66
Windom Park 0.6% 55

Key Citations:

1. Cothran H. Business Retention and Expansion (BRE) Programs: Why Existing Businesses Are Important. Food and Resource Economics Department, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida. 1 Aug. 2006. Web. 4 Feb. 2013. Available here

2. Virtanen M, Mika K, MaElovainio, Pekka Virtanen, and Jussi Vahtera. “Local Economy and Sickness Absence: Prospective Cohort Study.” Journal of Epidemiology and Community Health 59, no. 11.

3.Takano T, Nakamura K. An analysis of health levels and various indicators of urban environments for Healthy Cities projects. Epidemiol Community Health. 2001; 55: 263-270.