New research indicates Walmart Supercenters benefit communities
Walmart Supercenters in California benefit communities by supporting additional job creation, small business growth and more robust sales tax revenues, according to a recent economic opportunity study by Lon Hatamiya of the Hatamiya Group. According to the Hatamiya Group report, California communities with Walmart Supercenters fared far better on taxable retail sales than those communities without Walmart Supercenters. Total taxable retail sales in California communities with Walmart Supercenters increased by an average of 20.3 percent after the opening of those stores; and on average, California communities with Walmart Supercenters experienced stronger gains in the number of retail business permits issued than those communities without Supercenters. CLICK HERE to read Hatamiya’s research.
Hatamiya conducted his research by utilizing publicly available information from the California Board of Equalization and the California Department of Finance to accurately document and compare the economic impact of year-over-year changes to Taxable Retail Sales and Retail Business Permits in various California communities with and without Walmart Supercenters. For more information, contact Matt Petteruto, Vice President, Economic Development.