[throwaway894345]

> Well, they exist in places where the regional economy contracted significantly as well. They will be fine.

This is a non sequitur. If the economy contracts and 99% of these businesses go under, 1% may well remain (“they exist…”) but that does not mean that all is well (“they will be fine”).

> They aren't so beholden to the wider economy as their customer base is local

The local economy in most of America is highly coupled with larger corporations. Either the large corporations are the major employers or the large corporations are the major customers for the area’s employers. Even if it’s not that, everything is tightly coupled to the banking system, as we learned in 2008.