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

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.