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Grants Mainstreet Project Leakage Study


Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/1698

Grants Mainstreet Project Leakage Study

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Title: Grants Mainstreet Project Leakage Study
Author: Mitchell, Jeffrey
Subject: Grants, New Mexico
Retail sector
Service sector
Economic geography
Abstract: This study has two main objectives: 1) to evaluate the strengths and weaknesses of the retail and services sectors in Grants, and 2) to consider ways to improve conditions faced by businesses in the community’s downtown. The economy of Grants (or any other community) can be understood in terms of its exchange of goods and services with other areas. To the extent that businesses based in Grants sell goods and services to consumers from other areas, money flows into the economy and creates growth. Conversely, to the extent that consumers in Grants buy goods and services from elsewhere, money is lost to the community and the economy contracts. Economic development policy seeks to increase the former and limit the latter. Successful policy creates jobs, increases the local payroll, generates new demand for local goods and services, and increases the flow of gross receipts tax revenues to local government.
Date: 2004-11
Publisher: University of New Mexico. Bureau of Business and Economic Research.
Description: This study was commissioned by the New Mexico Economic Development Department (NMEDD) on behalf of the Grants Mainstreet Project (GMP).
URI: http://hdl.handle.net/1928/1698

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