According to several recent studies summarized in Grist Magazine, cities where small, locally owned businesses account for a large share of the economy have stronger social networks, more engaged citizens, and better success solving community problems. The studies also show that adapting to the impacts of climate change may also be easier for communities with a large proportion of locally owned businesses.
To learn more: http://grist.org/cities/locally-owned-businesses-can-help-communities-thrive-and-survive-climate-change/