Very well said!
When it comes to business being driven out, it’s not even just the direct replacements to existing local business, they also draw traffic away from existing commercial centers which as the local grocery store goes out, the local restaurants, cafes, etc. close down too.
Additionally, often times the big box stores are offered huge uncentives to move in, so not only are they taking away jobs but they are also not paying local taxes and have land purchased and prepared for them to purchase at a discount.
It’s bizarre but many cities are run by folks with no real knowledge of how cities are run, so it makes sense why it happens.
You’re probably right, I said that with no data to back it up, only personal experience. I grew up in a relatively large metro area in the rust belt, and our city council made up of pizza shop owners, lawyers, car salesmen, and the like gave up so much to try to attract Walmart to town. It fell through but in the process the council bulldozed a very large neighborhood for the project. The professional staff, in this case the City Manager, was strongly opposed to the project, due to future loss of local business, but the council proceeded anyway.
I would argue, though, that being short sighted about the economic health of communities does imply some level of incompetence on behalf of the local government. They could encourage new local small businesses by starting an incubator program, or offering subsidies for business with less than a certain number of employees. They can find the money to subsidize Walmart and that money isn’t ever coming back, whereas the money spent locally does.
To counter myself on that, maybe that’s only short sighted because we’re looking back and it’s obvious in retrospect. Conventional wisdom at the time Walmart was expanding so rapidly may have been, “more big business means more tax revenue means more nice things for the city.”
Edit: Sorry, I didn’t realize this was two weeks old, it feels like just a couple days ago