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What advantage does global directory submission provide to local business that only does business locally?

Search Engines do not care which directory a link is created on when determining a website's weight/visibility. It makes no difference whether it is local or not, it requires thousands of links place and there aren't even that many local sites. That said, it is beneficial to also have additional links placed on regional directories, which is included. There are typically only 10-30 significant local directories (or general directories with local search) relevant to a specific industry.