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Study: 'LeBron effect' upticks 'very local' business ownership 13 percent, employment 23 percent LeBron James reminds the crew that Wingerz sells apps past 11:30. (Getty Images) [Follow Ball Don’t Lie on social media: Twitter | Instagram | Facebook | Tumblr ] The Cavs, led by a billionaire owner and well-heeled group of show-me helpers, hardly appeared to need the $88 million Cleveland itself pledged toward upgrades on Quicken Loans Arena, but civic-strong local business leadership and sound government practices often tend to fall in the face of something as “significant” as sports. Unexpectedly, a recent report from the right-leaning American Enterprise Institute pegged LeBron James’ contribution to the local economy using the same terms, noting that an increase in activity has taken hold outside both Miami’s American Airlines Arena and Cleveland’s arena during his time with both the Heat and his return to the Cavaliers: We find that Mr. James has a statistically and economically significant positive effect on both the number จดทะเบียน แรงงาน ต่างด้าว ตราด of restaurants and other eating and drinking establishments near the stadium where he is based, and on aggregate employment at those establishments. Specifically, his presence increases the number of such establishments within one mile of the stadium by about 13%, and employment by about 23.5%. These effects are very local, in that they decay rapidly as one moves farther from the stadium. The report acknowledged what it called the “quasi-consensus among economists” around the time of a different 2008 study, prior to LeBron’s two free agent turns, one that reminded us “that professional sports franchises and facilities do little to nothing to help local economic development, income growth, or job creation.” The AEI report attempts to dismiss as much, revealing findings that “show a downward trend in the number of restaurants in Cleveland between 2010 and 2014 that coincides with an upward trend in Miami.” “After Mr. James returned to the Cavaliers, the number of restaurants near the Quicken Loans Arena in Cleveland spiked, while the number of restaurants within a mile of the American Airlines Arena started to slide. “Figure 2 shows some suggestive evidence on the mechanism underlying these patterns: there is a positive correlation between the number of regular-season wins won by the Cavaliers and the Heat and the number of restaurants located within one mile of the corresponding stadium.” Not only were the Cleveland Cavaliers of 2010-14 LeBron-less and charmless, the team represented a cynical attempt by Cavs ownership (and former front office) at replicating James’ 60-win, championship contender-status in the city, yet without the presence of a performer who should retire as the greatest player in basketball history. It’s hardly a shock that Cleveland punters couldn’t be roused into spending extra cash at restaurants within a short walk of the Cavaliers’ arena when Antawn Jamison and Jamario Moon were the team’s top 2010-11 draws (save for the idiots that ran onto the Cavaliers court), or when Kyrie Irving missed 23 games in his second year, or when the team tried out Anthony Bennett AND Andrew Bynum on the same club, with Byron Scott and Mike Brown coaching throughout.
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Madore email@example.com The Brookhaven supervisor Wednesday ordered the town’s Industrial Development Agency to conduct a midyear audit of employment levels at Clare Rose Inc., just hours after the agency told the beer distributor’s striking workers that it would not do such a review. “It is possible that Clare Rose may have violated the spirit, if not the letter, of their agreement with the IDA,” Supervisor Edward P. Romaine wrote in a letter to IDA chairman Frederick C. Braun III. “I am therefore requesting a midyear review of this company to determine whether they are in compliance, and for the board to take immediate action, including clawback of benefits, if they are found to be in noncompliance.” The tax incentives were awarded primarily for a $44.5 million warehouse and office built in East Yaphank. The company received tax savings of $510,050 in 2015, and was eligible for tax savings of $928,055. The company didn’t use all the savings it was eligible for, according to IDA officials. The strikers, members of Local 812 of the International Brotherhood of Teamsters, said Clare Rose had violated its agreement with the IDA to employ 177 people in Brookhaven. The strikers said they had been replaced by new hires and that the company’s payroll has shrunk since the strike started last month. More than 100 warehouse workers and delivery truck drivers are walking the picket lines.
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