Yes, you are correct, you can just run PowerStore locally using your local database and Powerstores will create the database.
But you need to have a mysql server installed first.
Your friends over here at WebAssist! These Dreamweaver extensions will assist you in building unlimited, custom websites.
These out-of-the-box solutions provide you proven, tested applications that can be up and running now. Build a store, a gallery, or a web-based email solution.