This study showed that cycle lanes reduce vacant properties and increase small business income on routes
Here, it was found that turning the outside traffic lanes to bike lanes in Fort Worth increased restaurant revenues on the routes by 179 percent.
Here are reports from twelve cities around the world that show that very few customers of small shops arrive by car, and bike lanes usually have a postitive effect on local businesses.
And again,
more research in North American cities show a big boost for small businesses on roads with cycle lanes
This report shows that spending on bicycle infrastructure gets more people cycling in an area, and cyclists can stop and spend money more easily
Here, local stores next to a protected bike lane saw a 49% increase in sales
This report used sales tax receipts from businesses on a road before and after a cycle land was built – and receipts went up