To cluster or not to cluster? Spatial determinants of closures in the American craft brewing industry

Nilsson, Isabelle; Smirnov, Oleg; Reid, Neil; Lehnert, Matthew

doi:10.1111/pirs.12434

Cited by 15 publications

(16 citation statements)

References 36 publications

(52 reference statements)

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“…While not being able to assign a direction of causality to the relationship between craft brewery locations and neighborhood change, Barajas, Boeing, and Wartell (2017) find that breweries were more likely to locate in neighborhoods with larger shares of 25-34 year olds and residents with higher educational attainment. This is consistent with other studies that identify millennials as the key demographic driver of craft beer's popularity Nilsson, Smirnov, Reid, & Lehnert, 2018;Watson, 2014).…”

Section: Craft Breweries Adaptive Reuse and Neighborhood Revitalisupporting

confidence: 92%

“…Although breweries attract a wide range of people, the majority of their customers are more likely to come from the first group of residents (millennials and young professionals) as noted in market analyses and previous literature (Eisenberg, 2014;Nilsson, Smirnov et al, 2018;Watson, 2014). One with higher density, postindustrial neighborhoods in and around the center-city and one comprised of lower density, suburban neighborhoods in communities further away from the center-city.…”

Section: Resultsmentioning

confidence: 99%

“…The first one attracts millennials and young professionals, while the second one is more attractive to families with children of school age. Although breweries attract a wide range of people, the majority of their customers are more likely to come from the first group of residents (millennials and young professionals) as noted in market analyses and previous literature (Eisenberg, 2014;Nilsson, Smirnov et al, 2018;Watson, 2014). Hence, we except that potential capitalization effects are greater in the center-city neighborhoods than in the suburban towns.…”

Section: Resultsmentioning

confidence: 99%

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The value of a craft brewery: On the relationship between craft breweries and property values

Nilsson

Reid

2019

Growth and Change

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Recent literature and public discourse emphasize the role of craft breweries in the revitalization process of economically distressed neighborhoods across the U.S. With this, many are reporting rising property values in areas surrounding craft breweries. This research examines the impacts of craft breweries on both residential and commercial property values in a case study of Charlotte, North Carolina. Estimating a series of hedonic models which incorporate a difference‐in‐difference estimator, we find that craft breweries have a positive impact on residential property values. While many areas in close proximity to a craft brewery appear to have been associated with relatively higher price premiums even before the opening of the brewery, breweries tend to add to this premium, especially in center‐city neighborhoods. We find no significant impacts on commercial property values. These results are informative to policy makers considering revising zoning laws and other regulations in efforts to promote the growth of craft breweries and spur economic development in their local economies.

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Section: Craft Breweries Adaptive Reuse and Neighborhood Revitalisupporting

confidence: 92%

Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

The value of a craft brewery: On the relationship between craft breweries and property values

Nilsson

Reid

2019

Growth and Change

Self Cite

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“…This shows that there is a positive spatial spillover effect on the performance of neighboring companies (Chakraborty, 2004). There should also be positive spatial spillovers in the performance of neighboring companies (Nilsson et al., 2019; Raniak et al., 2020).…”

Section: Resultsmentioning

confidence: 99%

Spatiotemporal context and firm performance: The mediating effect of strategic interaction

2020

Growth and Change

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Traditional studies of firm performance typically focus on the effect of market structure and rarely consider the impact of the spatiotemporal context in industrial competition. Using a sample of 1,555 listed companies from 2015 to 2018 in China, this study shows that the profit center of gravity tends to move from southeast to northwest, and that there are negative effects on firm performance with distance from the profit center of gravity. Moreover, when controlling for organizational variables, strategic interaction at the local level significantly mediates the relationship between spatiotemporal context at the global level and firm performance at the microlevel. This investigation provides preliminary support for strategic interaction as a significant mediator between spatiotemporal context and firm performance, and further highlights the relevance of spatiotemporal context and strategic interaction in determining firm performance. The results of this study contribute to our understanding of the dynamic mechanism of spatiotemporal context affecting firm performance and the role of strategic interaction at the local level in this relationship, which can improve the existing insights into new economic geography.

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“…In each of these instances, the business needed to be located in an area zoned as heavy industrial, and given the transit line's placement through previously under‐utilized, industrial parcels, the transit proximate location perhaps inadvertently helped guide their location decisions. These include businesses often associated with gentrification including a distillery and cidery whose intra‐urban location constraints have been discussed in the literature (Nilsson et al, 2019).…”

Section: Resultsmentioning

confidence: 99%

Opportunities and challenges for small businesses in new transit neighborhoods: Understanding impacts through in‐depth interviews

Sukaryavichute

Delmelle

Hammelman

2021

Regional Science Policy & Practice

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Proximity to light rail stations may be an asset to small businesses if it increases foot traffic and customers, or it may present a challenge in the face of rising rents and threats of commercial gentrification. In this paper, we examine this dynamic through in‐depth interviews with small business owners in proximity to new transit stations in Phoenix, Arizona; Seattle, Washington; and Charlotte, North Carolina to probe the opportunities and challenges faced within these locations. Overall, more challenges were raised including perceptions of an increased homeless population around stations, elevated rents, and increased vehicular traffic. Positive factors included increased foot traffic and proximity to customers.

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To cluster or not to cluster? Spatial determinants of closures in the American craft brewing industry

Cited by 15 publications

References 36 publications

The value of a craft brewery: On the relationship between craft breweries and property values

The value of a craft brewery: On the relationship between craft breweries and property values

Spatiotemporal context and firm performance: The mediating effect of strategic interaction

Opportunities and challenges for small businesses in new transit neighborhoods: Understanding impacts through in‐depth interviews

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