Recruiting BigBox Retailers as an Economic 作为一个经济的大盒子零售商.pptVIP

Recruiting Big-Box Retailers as an Economic Development Strategy Georgeanne Artz Judith I. Stallmann University of Missouri-Columbia Objective Changes in retail and local option sales taxes combined with standard economic development strategies affects communities. Changes Wal-Mart has become the largest grocer in a very short time Local communities are relying more on the sales tax and less on property tax (some states more than others) May be changing how they view retail States with local option sales taxes In 2002 35 states had authorized at least one local option sales tax For 2 or 3 it is very limited Alaska, Delaware, Montana, New Hampshire, and Oregon do not have a general sales tax Alaska has a local option Retail evolution The general store in small towns from the mid 1800s to mid 1900s Sears and Roebuck and Montgomery Wards catalogs Department stores in cities Supermarkets and drug stores Retail evolution Discount stores Regional shopping malls Big Box Stores Super Centers combine the discount store and the supermarket Retail as economic development Retail a given—will follow people and income Changes in retail—regional malls and Big Boxes New sales versus re-distributing retail sales between stores within the community New sales versus re-distributing between communities Regional shopping malls that attract shoppers from outside the community and away from retail in those communities Attract back consumers who were shopping elsewhere Dallas retail cannibalization 34% of sales cannibalized from within 15 miles of city center 66% distributed between New sales Sales cannibalized from beyond 15 miles Sales cannibalized from within the city center (Ingraham, Singer and Thibodeau) Incentives can provide local benefits If public infrastructure is underutilized, If market failures impede the use of local resources (unemployment), or If the project overcomes barriers to the use of brownfields (Bartik) Incentives can Place existing local busines