@workingpaper {622859,
	title = {Large Firms and Small Businesses},
	year = {In Preparation},
	abstract = {I study local small business dynamics following entries of large firms, using the winner and close runner-up counties for {\textquotedblleft}million-dollar plants.{\textquotedblright} Large firms may increase local demand for goods and services by positively impacting total income. Analysis with county-level business data shows that the number of small business establishments grew more following the entry of million-dollar plants, both immediately after the entry and in the three to five years after the entry. The evidence suggests that large firms{\textquoteright} presence may lead to indirect job creation and business growth, and that policy makers should take these effects into account when providing subsidies to attract large business establishment.},
	author = {He Yang}
}
