When walmart goes into a new community, they basically demand the local government give them all sorts of "free" incentives in land, taxes, reworking roads and highways, etc. The promise is a giant return on investment in jobs and sales taxes. The city puts an obvious time limit on the incentives just to cover the time it would take for the new store to get established. But what happens is once they run out, walmart then closes that store and moves to the next comunity that will offer them the incentives.
That obviously doesn't happen at every store. Generally the stores in larger communities become well established and stay. But the small, rural communities that are desperate for growth think they can make a deal with the devil and they often lose. On 1/14/06, Nick McClure <[EMAIL PROTECTED]> wrote: > I still don't see how you can call it subsidizing wal-mart. Does > wal-mart get money directly? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:192487 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
