i know there are haters out there b/c people think that walmart runs out small businesses, but is the community also at fault?
Wal-Mart Incentives: Is This Economic Development?
i have had this discussion on the empire zone program with others who say, "hey, it's jobs!" and they are glad to do what they can to facilitate a walmart.
but how fair and square is it and when do you draw the line in economic development? do you offer incentives to competitors that will significantly impact another business in the same sector? when is it competition and when is it favoritism? how do you say "no" in economic development when wal mart comes looking to site a new store, contributing taxes and jobs (albeit, low paying). to many, its taboo to build a walmart on the backs of a traditional downtown, but is it ok to sacrifice strip malls for other types of retail development? and how much benefit is there really to subsidizing a walmart? what is really the story to these corporate subsidies?Most people assume that local retailers are being beaten fair-and-square by companies that offer consumers a better deal...
Moreover, under the terms of the subsidy, Denver will not see a dime of new revenue until 2016.