Chicago South Siders spend billions each year outside of their neighborhoods
1 Sep 2009 - Natalie Moore | Chicago Public Radio
In Chicago's South Side, residents are forced to spend billions a year outside of their community. LISC Business Manager Jake Cowan is quoted as part of this article on retail leakage.
If you want to find out about retail leakage, the place to go is LISC Chicago. It's a nonprofit that promotes neighborhood growth. What a lot of people don't know, says LISC Business manager Jake Cowan, is that underserved communities actually have a lot of spending power. Cowan says it may seem surprising, but the fact is a community's buying power isn't necessarily related to median income. Continued [+]...
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> Visit Chicago LISC's website
Article Type: News