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Interim Mayor Foster Convenes Yelm Economic Summit June 15 –
As brick and mortar retail tax revenue retrenches

– “Mayor to convene Economic Summit”
“Mayor JW Foster today [May 24] announced that the City of Yelm will host a an economic summit with Yelm’s business community at the Yelm Community Center on Thursday, June 15th from 2 PM to 4 PM. The forum will focus on understanding the needs of new and existing businesses in order to review City processes and reduce barriers for continued economic growth.
In March, Mayor Foster launched an initiative to review all aspects of City government to position Yelm to offer a world class business environment.
The three goals of the initiative are to retain existing businesses, make sure small businesses can grow, and to attract new businesses to serve the needs of the greater Yelm community,” quoting the city’s release.
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– Editor’s Note:
The time where Yelm relied primarily on brick and mortar retail stores for sales tax revenue is rapidly coming to an end. Yelm officials also need to be aware of the changing retail landscape and develop alternatives. Amazon, Google, Wal-Mart and others are rolling-out new delivery options more convenient than retail shopping experiences in big box stores or a vehicle-choked downtown. Attracting visitors here for unique dining experiences and events, like the upcoming Jazz Festival and UFO Symposium, are an excellent beginning.

Other news examples bear witness to the changes coming:
“Retail Wreck? Over 1,000 Stores Close in a Single Week”
By NBC News, click here.

“Getting a Trader Joe’s in your town is not as easy as you’d think”
Ed. Note: Yelm citizens have always wanted a Trader Joe’s here, however not likely to get one anytime soon:
“David Livingston of DJL Research, a supermarket location research firm in Wisconsin, gave it a shot.

‘From my experience, Trader Joe’s wants to be in a higher-income area,’ he said. ‘Preferably six figures for median household income.

‘They also would like to see an educated customer base, so they like to be near a major university or major medical center complex, then be part of an upscale shopping center facing a high traffic count roadway,” by Debbie Cockrell, Tacoma News-Tribune.
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Posted by Steve on June 10, 2017 at 12:01 am | Permalink

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