Purdue Ag Econ Assistant Professor Maria Marshall wrote a great paper, Demystifying Hoosier Entrepreneurs (available here). Marshall surveyed a group of entrepreneurs to try and get a handle on some of their characteristics and factors of success. One of the most interesting findings was that in communities with a large retail store like a Target or Wal-Mart, entrepreneurs are 18% more likely to be successful in launching their enterprise. Marshall concludes that perhaps communities that can support a retail giant can also support small business.
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