Walmart

Walmart

Supporting Small Local Businesses

At Walmart, our philosophy of helping families live better extends beyond the products we sell. We know that living better means greater access to opportunity. Growing, thriving communities provide opportunities for residents to better themselves and give back to others. We're proud that our operations help further these goals in several ways.

Walmart supports the growth of local businesses.

Walmart stores help stimulate economic development and jobs in surrounding areas. The small businesses that surround our stores generally have products and services we don't offer or are strong in areas where we don't compete. From restaurants, salons, banks and florists to bookstores, specialty grocers and wine and spirits shops, there are dozens of small business categories that typically surround our stores.

In fact, an independent university study found that new Walmart stores result in an increase in the number of other small businesses and that states with a larger number of Walmart stores have more small businesses per capita.1

Another study analyzed the impact of Walmart stores that have opened in cities across California. The study analyzed data from 2003 ? 2011 to determine the fiscal impact the stores have had. Findings showed that total Retail Business Permits in California communities with Walmart Supercenters increased by an average of 48.5 percent after the opening of those stores while total Retail Business Permits

in California communities without Walmart Supercenters only increased by an average of 20.3 percent during the same time period.2

Walmart supports the local tax base.

In Fiscal Year Ending 2013, California Walmart stores generated nearly $888 million in sales tax revenue and paid $163 million in taxes to the state.

What They Are Saying

In just over a year since Wal-Mart opened, a set of storefronts and two mixed-use retail and office buildings have gone up to house the kinds of shops never before seen in this part of the world.

? "Small town, big hopes: Shopping district sets sail, anchored by Wal-Mart," The Washington Times, Nov. 28, 2012

But when it comes to economic growth, small businesses and large companies actually support each other. Indeed, the entrance of a large retailer like Walmart into a new marketplace is the key to helping many local vendors to grow.

? "Big Retailers Like Walmart Spur Small Business Growth and Create Jobs," Fox&Hounds Daily, Oct.11, 2012

A neighbor and business owner in Logan Heights said the store will attract visitors `Personally, I think it's a good thing overall for our community,' said James Justus, who has owned James Automotive since 1986.

? "Walmart Plans Smaller S.D. Store," U-T San Diego, March 1, 2012

`At the beginning, I was concerned because they are going to sell the things that are in my store, but I think it's very important for the community,' said local business owner Lewis Fisher.

? FOX5 San Diego, April 12, 2012

1 Dean, Andrea M., and Russell S. Sobel. Does Small Business Decline When Wal-Mart Enters the Market? Has Wal-Mart Buried Mom and Pop? West Virginia University. Free Markets, Regulations, 2008 ? be.wvu.edu/divecon/econ/sobel/walmart.

2 Comparative Analysis of Taxable Retail Sales and Retail Business Permits in California Communities, The Hatamiya Group, January 2014

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