Benefits

Commitment to the Community

  • In 2008, Walmart Stores and Sam's Club gave $13,497,262.00 in cash and in-kind donations to local causes and organizations in the communities they serve in the state of Virginia. Through additional funds raised through stores and clubs throughout the state, Wal-Mart contributed and raised a grand total of $14,753,255.00 as a result of its presence in Virginia.

Consumer Savings

  • An independently-certified study showed that Wal-Mart saves the average American household more than $2,500 per year, regardless of where they choose to shop.
  • Shoppers will also benefit from Wal-Mart's $4 Prescription Drug Program that has saved customers more than $1.6 billion dollars since it was introduced.

Commitment to the Environment

  • 17 acres of land – one third of the total project area – will be preserved for conservation and left in a natural state.
  • Walmart is leading a global sustainability effort to reduce energy consumption through a variety of initiatives that will also be used at this store.

Jobs

  • The project is expected to create approximately 300 new jobs, the majority of which would be full time positions.
  • The average wage for regular, full-time hourly associates in Virginia is $11.20 per hour (Walmart Discount Stores, Supercenters, and Neighborhood Markets). Additionally, associates are eligible for performance-based bonuses.
  • Nearly 2/3 of all our management associates company-wide, began their careers as hourly associates.

Tax Revenue

  • Wal-Mart collected on behalf of the state of Virginia more than $277.4 million in sales taxes in FYE 2008.
  • Wal-Mart paid more than $30.5 million in state and local taxes in the state of Virginia in FYE 2008.
  • The new store will help fulfill the County’s goal of diversifying the economic base that will help fund various projects and priorities.

* Savings are realized whether or not customers of Walmart. Source: Business Planning Solutions and Global Insight Advisory Services Division “The Price Impact of Wal-Mart: An Update Through 2006.”