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Wal-Mart opening a store in Vermillion would have the following economic impacts according to estimates:
- Increase annual retail sales by $30 million net as it would displace $15 million but add $45 million in new sales.
- Create 175 new jobs net as 700+ applicants would lead to 275 new jobs but 100 existing jobs would be displaced.
- Increase annual tax revenue for the city by $600,000 total from sales and property taxes.
- Lower grocery prices in Vermillion by an estimated 10% which would increase residents' disposable income and local spending.
Wal-Mart opening a store in Vermillion would have the following economic impacts according to estimates:
- Increase annual retail sales by $30 million net as it would displace $15 million b…