Decline in Small Businesses

In our 30-minute sit-down, Elliot Frank didn’t hold back when the topic shifted to the changing face of our local streets—specifically here in Needham. While many see the closing of a favorite local shop as an isolated event, Elliot connects these local losses to a much larger, more troubling trend across the United States.

He offered a poignant critique of why the “mom-and-pop” model is under siege, pointing to specific economic pressures that have made it nearly impossible for small businesses to compete in the modern era. From the shifting of Needham’s downtown to the national factors that are tilting the scales toward giants, Elliot’s observations serve as both a wake-up call and a nostalgic look at what we lose when these businesses disappear. It is an unfiltered take on why our local economy looks so different today than it did just a decade ago.

See the Local Impact

What does Elliot believe is the “point of no return” for small businesses in towns like ours? Watch the full interview to hear his analysis of the local and national landscape.

https://www.youtube.com/@echo.needham

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