Wal-Mart's $1 Billion Subsidy
A subsidy watchdog group details how Wal-Mart has received over $1 billion in government subsidies.
"Over $1 billion in government subsidies have gone into transforming discounter Wal-Mart Stores from a regional discount store operator into the world's largest retailer, according to a report Monday from Good Jobs First, a Washington-based subsidy watchdog group... the report found that 84 of Wal-Mart's distribution centers received an average of $7.4 million in subsidies, totaling about $624 million. Additionally, a database search for tax-exempt bonds issued by state and local authorities indicated that another 69 Wal-Mart stores received other low-cost financing of about $138 million."
Thanks to Chris Steins
Full Story:
Published on Monday, May 24, 2004 in
- Report: No City or State in the U.S. Has Enough Housing for Low-Income Residents
- Review: The Hudson Yards Mega-Development, Open to the Public Today
- Proposed Mega-Development Would Expand Chicago's Skyline
- 3D Printing Affordable Housing at Scale
- Home Builders Aren't Building the Smaller Homes the Market Wants
- Study: Density Can Impede Growth
- It Takes a Fatality to Remove On-Street Parking
- 'Urban Luxury' Housing Skyrockets in Texas and Beyond
- Many Norms, Few Plans: Urban Rubble Clearance in the Cities of the Global South
- Concrete’s Contribution to the Rise and Decline of Civilization
- 2018 Survey: Housing Production is Up Around the U.S.
- Transit Ridership Up in San Diego
- Dallas DOT Brings New Mobility Vision to the Region
- More States Look to Expand Tenant Protections
- Santa Monica Pedestrian Mall Wants People to Hang Out
- The Case for Fourplexes in Portland
- Survey Reveals the Market Footprint of Online Grocery Services
- New Approach for the Housing Authority of New Orleans Apparent in 600 New Units
- Scrutiny of HUD Secretary Ben Carson's Schedule
- Zoning Reform Gets Another Try as Massachusetts Wrestles With Housing Crunch
