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Walmart breaks ground on Northeast Chatham store

Posted Sunday, August 19, 2012

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Chatham County, NC - On August 7, county officials joined Walmart in breaking ground on its new store in northeastern Chatham County. The 148,400-square-foot, full-service store will be on US 15/501 near Old Lystra Road and will bring an estimated 300 jobs to Chatham County. Shown at the groundbreaking from the left are:

Brooke Mueller, senior manager public affairs and government relations for Walmart; County Commissioner Vice Chairman Walter Petty; Anthony Soto, market manager for Walmart; County Commissioner Brian Bock; and Joe Glassen, chairman of the Chatham Economic Development Corporation.

The Walmart will bring 250 to 300 jobs to the county, which had a 7.3 percent unemployment rate in June, said Dianne Reid, president of Chatham County Economic Development Corp.

Anthony Soto, Wal-Mart market manager, said the majority of jobs will be full-time with benefits.

Reid said a 2008 study by UNC-Chapel Hill’s Kenan-Flagler Business School showed that 63 cents of every shopping dollar spent by Chatham County residents is spent outside the county.

The Walmart will also boost the commercial tax base in the largely rural county. Commercial property is about 10 percent of Chatham’s tax base; 90 percent is residential. The new store could bring in as much as $70,000 a year in property taxes, in addition to sales-tax revenue.
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