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.

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

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.