April 5, 2006

A RISING NEIGHBORHOOD LIFTS ALL CORPORATE PROFITS:

Wal-Mart's urban strategy (SANDRA GUY, April 5, 2006, Chicago Sun-Times)

Wal-Mart will give $50,000 to chambers of commerce on Chicago's West Side and buy $100,000 worth of advertising space for nearby businesses within the next two years as part of its first Wal-Mart Job and Opportunity Zone.

On Tuesday, after touring a Wal-Mart store under construction in the Austin neighborhood, Wal-Mart CEO H. Lee Scott announced that Wal-Mart will build more than 50 stores nationwide in neighborhoods with high crime or unemployment rates, and will help small businesses near those stores succeed.

The 50 Wal-Mart stores, to be built in vacant buildings and distressed malls and on sites that are environmentally contaminated, will each employ 300 to 500 workers, and will generate more than $100 million in total state and local tax revenues.

Posted by Orrin Judd at April 5, 2006 9:05 AM
Comments

I eagerly await the explanation from the ususal suspects on how easy access to both low-costs good and entry level/post-retirement jobs these stores will provide is just another attempt by Wal-Mart to exploit the poor in America (with the only added feature this time that it's also somehow racist, since it's being done in minority urban areas instead of out in suburbia or in the rural regions).

Posted by: John at April 5, 2006 9:39 AM

John,

Here in Chicago at least that balloon has lost all its air.

Wal-Mart was going to build within city limits on the southside, and the usual suspects made the usual hue and cry. So Wal-Mart built their store in Evergreen Park, one block outside Chicago city limits and had thousands of job applicants for a few hundred jobs.

Wal-Mart made its point quietly, but effectively.

Posted by: Dreadnought at April 5, 2006 10:35 AM

walmart needs to make the people it helps aware of who (politically) is trying to keep tem out. their opponents can not up the ante as they are already at "11". they won't, because like most conservatives they don't think they should have to. walmart is America, at a smaller scale level.

Posted by: toe at April 5, 2006 10:44 AM

A couple of months ago we realized that we had both Flintstone's vitamins purchased at the grocery store that had cost us $16.00 and Walmart generic vitamins, as far as we can tell equal to the Flintstone's, that had cost us $8.00.

Somehow you never read about how the local stores and anti-growth nuts are trying to rob poor kids of their vitamins.

Posted by: David Cohen at April 5, 2006 2:03 PM

David:

My buddy used to do ad work for Prestone and revealed that Prestone sold its fluid for the generic anti-freezes.

Posted by: oj at April 5, 2006 2:09 PM

almost all generic products are actually a name brand that has been repackaged. this is especially true for cereals.

Posted by: toe at April 5, 2006 4:08 PM

The Austin neighborhood needs all the help it can get. Urban moonscape. This is very good.

Posted by: jdkelly at April 5, 2006 6:28 PM

Wal-Mart is doing so well it may pay the $150K bribe described in the article and not even notice it. It's goods will cost a tiny fraction more to cover the cost of doing business in the third world and life goes on.

A dog bites man story, really. Giving contracts to the politically conected locals gets those zoning deals through in all jurisdictions.

Posted by: Lou Gots at April 6, 2006 1:09 PM
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