"Companies operating in urban communities have a tremendous ripple effect"
- Michael Porter
About this Quote
This quote by Michael Porter recommends that companies operating in city neighborhoods have a far-reaching effect beyond their immediate operations. By supplying tasks, items, and services, these business can help to stimulate the regional economy and create a positive ripple effect. This causal sequence can consist of increased tax earnings for the city government, enhanced infrastructure, and increased access to resources for the neighborhood. Additionally, these business can assist to develop a sense of pride and identity in the community, as well as offer a platform for regional entrepreneurs to begin their own organizations. Eventually, business running in metropolitan communities can have a favorable and enduring effect on the regional economy and the lives of those residing in the neighborhood.
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