Apr
12
Wal-Mart store ignites taxes, jobs
Posted at 7:27 am /
written by Tom Sullivan
Powered by Gregarious (42)

Wal-Mart has said that their six-month old store in Chicago has contributed greatly to the community:

Chicago’s first and only Wal-Mart store has produced $2 million in state and local taxes and 443 jobs for West Side residents since it opened in Austin six months ago, the world’s largest retailer said Wednesday.

Wal-Mart wants to forge ahead with its urban strategy by building at least four more stores in Chicago, primarily on the South Side.

[…]

It shows the store has generated more than $2 million in state and local taxes, including $500,000 in city sales taxes alone.

Of the 443 jobs, more than half went to 37th Ward residents.

The fight for Wal-Mart in Chicago has been a tought one and will only get tougher as they look to add four more locations. Will Wal-Mart be able to get deeper into the city limits within Chicago?


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