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How Magic Johnson's Starbucks created new neighborhood businesses

The Indicator from Planet Money

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Impact of Magic Johnson's Starbucks on Local Entrepreneurship

This chapter examines the positive influence of Magic Johnson's Starbucks cafes on business formation in low-income neighborhoods, detailing a notable 29% increase in entrepreneurship. It also addresses the intricate issues of gentrification and the diverse sectors thriving as a result of this growth.

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